Bahrain’s central bank said Tuesday it has decided to close down the Iran-owned Future Bank based in the tiny Persian Gulf state.
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.
Analysts are blaming the worsening weather inversion, air pollution and traffic problems, and the increasing fuel consumption in most large cities on the government’s controversial car loan scheme…
Implementation of the nuclear accord and the lifting of sanctions should reduce the cost of money and trade for Iran, Ahmad Hatami Yazd, former CEO of Bank Saderat said. Foreign bureaux de change…
The housing market in Tehran is slowly waking up from a long slumber and entering "pre-boom levels" as the total number of home deals in the ninth month of the fiscal year (Dec. 22, 2015- Jan. 20…
The government plans to issue bonds worth 400 trillion rials ($ 13.2 billion) to cover its debts, a measure which is included in the next year’s budget bill and the sixth development plan (2016-21…
Bahrain has not yet made a decision about the fate of an Iranian-owned bank based in the Persian Gulf state that is presently under administration, a senior Bahraini central bank official told…
Collaboration with Italian and French Banks are priorities for forging correspondent relations, said Ali Saleh Abadi, chief executive of Export Development Bank of Iran, Eximnews reported…
A representative of Premium Tobacco International, a major tobacco dealer, visited Tehran on Sunday and met with the head of Iranian Tobacco Company over a previous tobacco deal for which Premium…
Tehran Stock Exchange’s all-share index TEDPIX jumped 1,117.40 points or 1.65% to end Monday trade at 68,8857.5.
Over 2 billion shares valued at $125.6 million were traded to post a…
Tehran-based Griffon Capital said on Monday it had launched an overseas Iran-focused equity fund and is seeking to raise €100 million ($108.28 million) from European investors by the yearend. The…
Private finance company, Middle East Finance, officially based in Ireland, says it has signed agreements with the Iran’s Ministry of Industries, Mining and Trade in Tehran to invest, own and…
Geopolitics moved front and center as a driver to shipping, following the lifting of sanctions against Iran on January 16.
China and Iran have enjoyed close-knit relations, since China’s Han Dynasty (207 BC-220 AD) welcomed merchants from Central Asia, India and Persia (Iran) to trade goods in the country, which was…
The Coordination Council of State-Owned Banks and Iranian Private Banks Association, in an open letter on Saturday, commended President Hassan Rouhani and the nuclear negotiating team for their…
Global insurance firms are courting Tehran for business opportunities following the lifting of the sanctions - and the first test of their intent will come in March when some Iranian companies…
Settling government debt to banks, launching an asset management body to spare the banking system from troubled assets and balance sheets, raising the capital of banks are on the agenda to reform…
The lifting of sanctions will help create the atmosphere for improving the recession-ravaged housing construction market, Farshid Pourhajat, a member of the board of directors of the Builders’…
Tehran Stock Exchange’s main index TEDPIX jumped 779.70 points or 1.16% to settle Sunday trade at 67,740.1.
More than 1.8 billion shares valued at $96.6 million changed hands to post a 35%…
Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 57,000 tons of vacuum bottom by Isfahan, Bandar Abbas, Tehran and Tabriz oil refining companies on Sunday.…
Close to 200,000 tons of alumina powder were produced by Iran Alumina Company from March to December 2015, says managing director of the company. Tooraj Zare’ added that the output is expected to…
Dutch firm Barentz International is the first foreign company to actually invest in Iran after the lifting of western sanctions against the Islamic Republic.
Danish pharmaceutical firm Novo Nordisk, the world’s top insulin supplier, expects to be ahead of the pack now that nuclear sanctions are lifted in Iran, thanks to its preemptive investment plan…
Iran’s total production of dates stands at 1 million tons per annum, said the head of the National Association of Iran’s Dates.
Mohsen Rashid-Farrokhi added that 150,000 tons of this amount…
The Central Bank of Iran is keeping a close eye on the money market to prevent ‘’dirty money’’ from contaminating the upcoming parliamentary elections, the governor Valiollah Seif said Saturday.…
The share of private insurance firms grew in the nine months ending Dec. 21 making up 58% of the industry’s total earnings. This is while Iran Insurance Company, their sole state-owned rival, took…
