Bank Maskan (housing bank) is planning to establish a “Special Maskan Credit Insurance” to cover risks for mortgage-backed securities (MBS) and the repayment of housing loans, said Mohammad Hashem…
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.
A former governor of the Central Bank of Iran says unless exchange rates are unified, Iran’s markets would remain unattractive for foreign investors.
“Foreign companies are not likely…
Implementation of the nuclear accord with the six world powers has removed a big hurdle in the way of economic development, Said Laylaz, a senior economist says.
However, he warned that the…
Tehran Stock Exchange’s main index TEDPIX jumped 419.60 points or 0.57% to end Saturday trade at 74,103.6.
The TSE gauge has been rallying for six weeks now, hovering around a 14-month high…
Faced with a persistent drought for 18 years, Kerman has been struggling to maintain a balance between its pistachio gardens and deserts that currently account for 34% of the province’s area.
The growing presence of unlicensed hosiery manufacturers has become a cause for concern for licensed producers, says the secretary of Tehran Union of Hosiery and Yarn Producers and Salespeople.
A senior Iranian official has called on Belarus to share its expertise in the production of mining machinery and set up production lines in Iran.
Take a moment to consider just how dark the future is for economic growth worldwide. The slaughter in oil aside, real demand is collapsing at a rate never seen in the last half century, implied…
Bank Maskan (Housing Bank) has started offering Housing Savings Account’s loans well ahead of the scheduled date. The first applicants received their loans on Wednesday although they were…
The domestic banking sector needs a thorough overhaul, Ali Divandari, head of Monetary and Banking Research Institute said. Any fissures in this important industry or its further weakening would…
Hungary is interested in banking cooperation with Iran as a step to expand economic ties between the two nations, György Matolcsy, president of the Hungarian National Bank said Friday.
Lack of banking relations is British companies’ main concern for enhancing commercial relations with Iran, said Sirous Mehdizadeh, director of the British- Iranian Chamber of Commerce.
“…
Bahar Azadi benchmark gold coin climbed 2.07% on Saturday and was sold for 9.84 million rials ($325 at the official exchange rate). Mohammad Keshti Aray, president of Gold and Jewelry Union, said…
Parsian Bank has reimbursed 11,000 depositors of the defunct Samen al-Hojaj Finance and Credit Institution. Last month, the bank accepted to take over the institution after it went under.…
The 10.4% rise in house rents over the last six months is the result of the recession and low interest rates, prompting landlords to increase rents to make up for the loss in profit, a…
Italy’s UniCredit, a global banking and financial company, has expressed its willingness to cooperate with Iranian lenders, Valiollah Seif, governor of the Central Bank of Iran said, CBI’s website…
Bank of Ireland will not remove its restrictions on Iranian-related banking transactions despite the lifting of sanctions last month, the Irish Independent has reported.
Iran on Thursday called on the United States to make a clear public pledge that it would not penalize European banks for legitimate trade with the Islamic Republic.
Many foreign banks are…
FANAP ICT Company, affiliated to Bank Pasargad Iran, will hold a “FinTech” (financial technology) competition to promote banking and payment innovations. Software developers will have the…
Unifying foreign exchange rates demands reducing banks’ stressed assets, revising forex regulations and launching a foreign exchange interbank market, Gholam Ali Kamyab, CBI’s deputy for foreign…
An economic battle is likely for dominance of the skies over the Persian Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region’s supercarriers.
More than 130 tons of clinker–the primary raw material in the production of cement–have been exported to Turkmenistan via railroad, Mohammad Reza Qorbani, an official with the Islamic Republic of…
In collaboration with its partner Persian Group, a medium-sized German logistics company, is stepping up its services for Iran.
It has doubled them from two to four departures per week for…
Stocks on Tehran Stock Exchange continued their rally into their fifth week and closed just shy of their highest in 14 months, on the prospect of a speedy recovery following the removal of…
Solar water heating is the conversion of sunlight into renewable energy for water heating using a solar thermal collector.
SWH systems are designed to deliver hot water for most of the year…
