Expanding banking ties with Slovakia can help facilitate economic and trade relations between the two countries, Valiollah Seif, governor of the Central Bank of Iran 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.
A veteran builder has urged the government to focus its efforts on helping homebuyers and discourage rent-seeking in the property sector if it really intends to stimulate the stagnant housing…
The Minister of Roads and Urban Development Abbas Akhoundi has announced that 50 trillion rials ($1.67 billion) will be injected into Bank Maskan (housing bank) to improve its lending power.
A private Russian wagon manufacturer is set to provide Iran with 500 freight wagons through leasing contracts, head of the Islamic Republic of Iran Railways announced on Wednesday.
Tehran Stock Exchange’s all-share index TEDPIX jumped 444.40 points or 0.67% to end Wednesday trade at 66,562.5.
More than 1.5 billion shares changed hands valued at $82.8 million with…
Demand for spices is ever-growing, especially due to their medicinal properties and widespread use in cooking.
Spices such as peppers, turmeric, ginger, cinnamon, cumin, cloves, garlic and…
Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 80,000 tons of steel slabs by Khuzestan Steel Company at the base price of $0.3 per kg on Wednesday.
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International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund to enable it to be one of the first funds to invest in Iran.
Iran's Oil Ministry cut the price of natural gas fed to the petrochemical industry by 38.5% to less than 9 cents per cubic meter on Saturday, sending most petrochemical stocks up while some lost,…
More than 134 kg of 24-carat gold bars with an average purity of 99.8% as well as over 100 kg of silver were produced by Zarshouran Mining and Industrial Complex from March to December 21, 2015,…
President Hassan Rouhani said Tuesday the time has come for government downsizing and reducing its footprint in economic affairs. So long as the government maintains its strong grip on the economy…
Valiollah Seif, Central Bank of Iran’s governor said on Tuesday Iran has transferred some of its freed assets from banks in Japan and South Korea to other banks in Germany and the UAE.
Central Bank of Iran and Russia’s Union Card Company are planning to connect the two countries’ payment systems and issue joint bank cards. The Central Bank of Russia also announced Monday that…
Commerzbank is reviewing the possibility of returning to Iran, less than a year after agreeing to pay $1.45 billion to settle sanctions violations tied to the country.”Commerzbank is monitoring…
The Lloyd's of London insurance market said on Monday that from a European Union perspective its managing agents can now provide insurance and reinsurance for the transportation of Iranian oil and…
Iran Mercantile Exchange’s oil and petrochemical trading board witnessed the supply of 61,276 tons of polymers, 70,586 tons of bitumen and 100 tons of benzene on Tuesday. The IME's export trading…
Stocks resumed their rally on Tuesday brought about by improved economic prospects due to the removal of sanctions against Tehran's nuclear program.
The four-week rally had waxed and waned…
Export of raw minerals has for long been the subject of heated debates among state authorities, parliamentarians and miners.
Lawmakers consider the export of any form of iron ore–the main…
As Iran emerged from years of economic isolation over the weekend when key countries lifted crippling sanctions in return for the Islamic Republic complying with a deal to curb its nuclear…
Bank Sepah is planning to promote its foreign branches and affiliates, and strengthen its capital and human resources while preparing to reenter international banking, said Mohammad Kazem…
Gholamali Kamyab, deputy chief of the Central Bank of Iran for foreign exchange affairs says the preference is to receive the freed assets from overseas in installments to avoid inflationary…
Iranian banks, their overseas branches and affiliates were officially removed from SWIFT's list of sanctions on Sunday as the embargo against the country was officially lifted when Iran's nuclear…
After a year of silence, unofficial reports suggest that the Central Bank of Iran is set to publish the long-awaited data on bad checks.
Over 182,000 tons of steel products valued at $15 million were manufactured by Esfahan Steel Company from Nov. 22 to Dec. 21, Bourse Press reported. According to the report, I-beams accounted for…
President Hassan Rouhani took next year’s budget to the parliament on Sunday. It looks balanced.
Mohammad Baqer Nobakht, the man in charge of putting the budget together, also said it’s…
