The Central Bank of Iran is closely monitoring the interest rate market and cases of rate violations by 11 banks have been submitted to CBI's disciplinary unit, the bank's governor said Wednesday…
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.
Following the Central Bank of Iran and Law Enforcement Force’s recent crackdown on black market currency trade, street dealers have found refuge in social networks, exploiting virtual space to…
The lifting of sanctions per se cannot pull the sluggish housing market out from the doldrums because high interest rates, low purchasing power, insufficient housing loans and the large number of…
South Korea and Iran agreed to maintain the current won-based settlement system while seeking an alternative payment method that can further promote bilateral trade and investment, South Korea’s…
Raiffeisenbank International (RBI) of Austria wants to fully re-launch operations in Iran over the coming months. At the moment business is still on ice. The bank had been doing very good business…
For the first time Iran will have a national pavilion at SMM Hamburg, the leading international maritime trade fair, according to its website.
“An industry fair is a great platform for…
CMS has become the first major international law firm to open a dedicated office in the Iranian capital, Tehran, led by partners of CMS Germany. This includes the right to provide legal advice in…
The “Iran Capital Market Roadshow” is scheduled to take place in Oman on February 24 for showcasing investment opportunities available in Iran, as the country opens up to international markets…
Australia, which lifted sanctions on Iran two weeks ago, continues to restrict the export of certain semi-finished aluminum and aluminum alloy products, says the Department of Foreign Affairs and…
Tehran Stock Exchange's main index is hovering around a one-year high. TEDPIX started to rally after January 16, the day on which the UN nuclear agency confirmed Iran has complied with the…
National Iranian Copper Industries Company and Germany’s Mansfelder Kupfer und Messing GmbH—Europe’s third largest manufacturer of primary and semi-finished copper products—have signed a…
Stressed assets of Iranian lenders have declined from 14% to 12%, First Vice President Es’haq Jahangiri said in Tehran on Tuesday. He, however, acknowledged that the bad loans remain a major…
Love is like war, easy to start but very hard to stop, said H. L. Menken, notable American author. But the saying can be ascribed, albeit much less poetically, to describe the cocktail of woes…
Iran and Ecuador central banks plan to open a joint account to help boost commercial ties between the two countries, Valiollah Seif, Central Bank of Iran’s governor, said in a meeting with an…
Close to 712,000 tons of copper concentrates were produced by the subsidiaries of National Iranian Steel Industries Company, namely Sarcheshmeh Copper Complex, Sungun Copper Mine and Miduk Copper…
Export Development Bank of Iran has created a €20 million credit line to ease exports to Russia, says the bank’s chief executive. “Currently, Russian companies are interested in importing Iranian…
Tehran’s equity markets extended their gains on the second day of February, with both Tehran Stock Exchange and Iran Fara Bourse rising over 1% as optimism about the improving economic prospects…
There are around 12,000 haberdasheries active in Tehran, but official statistics on button production and consumption are lacking, said the deputy head of Tehran Haberdashers Association.
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Iran’s economic freedom index grew 1.7 points compared to last year and reached the overall score of 43.5, reported the Heritage Foundation in its recently published 2016 Index of Economic Freedom…
The International Finance Corporation (IFC), affiliated to the World Bank, has started discussions with companies interested in investing in Iran, but it could take between six and nine months to…
Iran now has access to about $100 billion of its frozen overseas assets following the implementation of the nuclear deal with world powers, said Mohammad Baqer Nowbakht, the government…
Bank Saderat Iran’s new service, called “indemnity card,” would enable insurance companies settle policyholders’ losses directly through debit cards. According to the BSI website, the bank aims to…
The Russian TEMP Bank will launch its corresponding office in Tehran within two months, said Mina Mehrnoush, an official with the Trade Promotion Organization. She said that it is now possible to…
The Central Bank of Iran is introducing new laws to reform the time-worn structure of the financial and economic sectors, Valiollah Seif, the bank's governor said on Monday.
“The new…
Flag carrier IranAir signed a contract with French-Italian aircraft manufacturer ATR in Tehran on Monday to buy 20 ATR-72 turboprop short-haul regional airliners. Two to five of the purchased 70-…
