The decision to cut interest rates from 20% to 18% was taken largely to help forge a balance between deposit/lending rates and other macroeconomic parameters, Peyman Ghorbani, the Central Bank of…
Business And Markets
Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.
Bank Muscat, the sultanate’s biggest financial institution, plans to open a branch in Tehran, said a senior official of Central Bank of Iran on Wednesday.
The Third International Real Estate and Property Exhibition opened in Tehran Tuesday, where builders are offering units on installment basis in 400 buildings, each with 1 to 100 housing units at…
Iran's Mellat Bank plans to normalize operations of its branch in Seoul as early as next month following the lifting of sanctions, a bank official said Wednesday.
Last month, the US, UN…
The government is planning to issue inflation-adjusted bonds in order to clear its debts, Valiollah Seif, governor of the Central Bank of Iran said late Tuesday.
Despite the implementation of the Money and Credit Council’s directive following the general agreement of lenders to lower interest rates from Feb. 20, misgivings abound over the feasibility of…
Iran Fara Bourse edged up to finish the week at its highest in 15 months on Wednesday, again shining brighter than its larger rival, Tehran Stock Exchange.
TSE continued its slumber on the…
Vermicompost is the product or process of composting using various worms, usually red wigglers, white worms and other earthworms to create a heterogeneous mixture of decomposing vegetable or food…
Over 3.2 million tons of crude steel and steel products were exported during March 2015-Jan. 2016, indicating a 23% increase compared with the corresponding period of last year, Iranian Mines and…
Iran’s Kish South Kaveh Steel Company is making major investments for expanding production capacity that will lead to the creation of 1,000 jobs, as a supply chain is developed to support the…
During Iranian President Hassan Rouhani’s high-profile tour of Italy and France in January, his investment push focused primarily on one area: infrastructure. This was no surprise; Iran requires…
The State Bank of Pakistan (SBP) will soon allow Pakistani banks to resume ties with Iranian counterparts, said Abid Qamar, the chief spokesman of SBP on Monday. He noted that SBP would soon issue…
Following the lifting of international sanctions last month, experts at the Central Bank of Iran have started the process of evaluating and rating domestic banks.
There are no risks for foreign banks willing to start business in Iran, Valiollah Seif, the Governor of the Central Bank of Iran said Monday.
“Italian and French banks are willing to open…
The Informatics Services Corporation has signed agreements with IBM and Infosys, two major tech giants, to acquire services for Iran’s banking system, said Aboutaleb Najafi, the ISC managing…
A total of 5,050 units of Sistan-Baluchestan Province’s Mehr Housing Projects were delivered at a ceremony this week. Ahmad Asghari, deputy minister of roads and urban development for Mehr Housing…
With the lifting of sanctions imposed on Iran over its nuclear program, the country’s tourism potential has attracted a great deal of attention.
According to a recent article published in…
The 18th Iran International Steel Exhibition inaugurated on the southern Kish Island on Tuesday was attended by a host of Iranian officials and representatives from domestic and foreign steel…
Equity markets in Tehran were in recess on Tuesday with trade volume dropping and equity indices struggling to take any direction.
Bullish bets slightly outpaced bearish ones in Tehran…
The Iranian medical devices market will register a compound annual growth rate of 15.4% in local currency terms during 2014-19, taking expenditure from 22,832.0 billion rials in 2014 to 46,628.6…
The greenback’s hesitant path in the next few days seems pretty uncertain. Analysts are divided about the US dollar's trend in the volatile hard currency market. The Persian daily, Donya-e-Eqtesad…
Hamed Mazaherian, deputy minister of roads and urban development, said on Sunday that the banks, including Bank Maskan, have received CBI permission for opening escrow accounts, within their own…
Governor of the Central Bank of Iran and his Omani counterpart met on Monday to prepare the grounds for the opening of Omani bank branches in Iran.
Iran plans to launch an international aircraft leasing company in the next fiscal year (starting March 20), to refurbish the country’s air fleet with 200 new airplanes, said Abbas Akhoundi, the…
A housing expert claims that the inverse correlation between home prices and rentals reflected in official data indicates that the figures are not accurate. Beytollah Sattarian, a professor…
