In line with efforts that started last year to organize the foreign exchange market, the Central Bank of Iran has shut down 13 uncertified bureaux de change and intends to take firm action against…
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.
The Central Bank of Iran has confirmed that Bank Parsian is assigned to take over the insolvent financial institution, Samen-al-Hojaj, according to a statement on the CBI website.
Bank…
Iran is set to reengage with international banking and lending institutions within weeks as they link up with their Iranian counterparts using global transaction network SWIFT, Iran’s Middle East…
Metal cans are designed to hold a portion of food or liquid, with the top end removable by pulling off the ring attached to it, which provides easy access to the content without causing any injury…
Two decades after he hauled a suitcase full of cash onto the floor of the Moscow Stock Exchange to buy up shares in the aftermath of communism, Dominic Bokor-Ingram has taken a similar early punt…
Tehran Stock Exchange’s overall index TEDPIX gained 397.90 points or 0.60% to end Saturday trade at 66,960.4.
Over 2.1 billion shares valued at $149.4 million were traded, posting a…
More than 150 industrialists, experts and chiefs of aviation operators and suppliers from around the world, such as International Air Transport Association and International Civil Aviation…
Iran produced more than 19 million tons of iron ore concentrates from March to December 2015, indicating a 1% rise compared with last year’s corresponding period, Iranian Mines and Mining…
In the wake of last weekend’s lifting of economic sanctions on Iran, an official delegation from Iran is due in Colombo on February 23 to discuss the resumption of normal trade ties.
Iran Mercantile Exchange’s agricultural trading board witnessed the supply of 2,180 tons of corn, 1,000 tons of wheat and 500 tons of unprocessed soybean oil on Saturday.
More than 20,000…
The removal of sanctions on Iran may trigger at least $50 billion a year in foreign investment to finance a rebound in an economy hit by the oil slump, the country’s central bank governor said.
The 42-day delay before the government submitted the draft of the 2016-17 budget to the parliament attracted little attention in the spate of good news triggered by the removal of international…
Iran’s capital market regulator wants to develop a market for mortgage-backed securities and has published rules covering them, the latest move by authorities to revamp the financial sector.
The implementation of Iran's landmark nuclear deal with world powers this past Iranian week (ended Jan. 22) breathed new life into the stock market that has been stagnating at two-year lows until…
Siemens AG’s contract to build rail coaches and upgrade train lines in Iran is valued at between €1.5 billion ($1.6 billion) and €2 billion, making Europe’s largest engineering company one of the…
Tehran’s International Fairground is hosting the International Exhibition of Hospital Building, Infrastructure, Equipment and Related Industries (Hospitex 2016), which opened on Friday and will…
Pakistan and Iran have agreed to cooperate in defending the two countries’ projects in international and regional organizations, and exchanged their lists of national standards.
Hussein Raghfar, a prominent economist says it is necessary for the government to intervene in the market by regulating land prices for affordable housing and put an end to speculative activities…
Industrial and Commercial Bank of China Ltd., a Chinese multinational banking company, plans to establish branches in Iran, an official with Central Bank of Iran (CBI) said.
The post-sanctions economy offers the promise of revitalizing the economy, said Valiollah Seif, governor of the Central Bank of Iran. Tapping into bank loans and the foreign exchange market are at…
Iran’s Foreign Ministry is negotiating with foreign nations to end the sanctions imposed on Bank Saderat of Iran, Mohammad Javad Zarif, the foreign minister said, Ista news reported. He added that…
Following the lifting of the sanctions on January 16, the central bank has published a set of guidelines for foreign investment in the Iranian insurance market in a bid to clarify rules and…
Banks in the Persian Gulf Arab states, including Dubai’s largest lender Emirates NBD, are already meeting prospective clients and taking legal advice about entering Iran’s financial system now…
Governor of the Central Bank of Iran said banks issued 1,000 letters of credit following the lifting of the sanctions on Jan. 16. Valiollah Seif said most of the L/Cs were confirmed on Sunday…
Deutsche Bundesbank (Germany’s central bank) removed Bank of Industry and Mine and its affiliate, Eihbank, from its sanctions’ list on Wednesday. The German bank called for the enhancement of ties…
