Domestic banks need to increase their capital if they intend to partner with foreign banks, said Bank Parsian’s CEO, Kourosh Parvizian. He warned that banks are short of capital, which is “mainly…
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 US dollar continued its rally on Saturday and was traded at 37,340 rials across Tehran's foreign exchange shops, up from Thursday's 37,060 rials. The greenback's surprise bull run started late…
Lawmakers have called on the government to plan for a final and permanent solution to the seemingly unending problems emanating from and related to the unauthorized financial and lending…
Iran is to increase exports of copper cathode and concentrates to China in 2016 based on a recent agreement, says Morad Alizadeh, managing director of National Iranian Copper Industries Company.…
Falling oil prices have shattered dreams of a swift economic recovery, despite talks of an impending lifting of sanctions against Iran’s nuclear energy program.
The global economy is losing…
The government is selling 20 trillion rials ($540 million at market exchange rate) worth of Islamic Treasury Bills through Bank Melli as repayment of overdue debt to non-government contractors.
Iran Mercantile Exchange’s agricultural trading board saw the supply of 9,500 tons of corn, 1,000 tons of durum wheat, 600 tons of unprocessed soybean oil, 200 tons of soybean oil cake and 120…
Australia will soon send a delegation of senior company officials from the mining, trade and industrial sectors to Iran.
To be led by Minister for Trade and Investment Andrew Robb, the…
Tehran Stock Exchange’s main index TEDPIX gained 22.20 points or 0.04% to end Saturday trade at 62,655.
Close to 883 million shares were transacted valued at $53.4 million, indicating a…
Iran is one of the oldest producers of footwear. Its leather shoes enjoy a fine reputation not only at home, but also abroad.
However, for almost a decade, the sector has spiraled downward…
Iran’s National Railway Company and German conglomerate Siemens transportation subsidiary, Siemens Mobility, have signed several memoranda of understanding in Tehran on Wednesday to develop Iran’s…
The current Iranian year (to end March 19, 2016) saw a 12% decline in the number of copies of books published in the country compared to that of last year, said the deputy culture minister for…
Tehran’s International Permanent Fairground will host the Eighth International Exhibition of Gold, Silver, Jewelry, Watch and Related Industries on February 16-19.
Market experts have given varied reasons for the rise in Tehran Stock Exchange and the future trajectory of share prices.
Last week, equities extended their rally for the second week to a…
The Central Bank of Iran cannot tackle the problem of uncertified financial institutions single-handedly, Ahmad Hatami Yazd, former CEO of Bank Saderat said. He dismissed claims that the CBI is…
The long-awaited credit card scheme for purchasing domestic products at subsidized interest rates will be launched on Saturday, said the head of Central Bank of Iran IT Department, Nasser Hakimi…
Business Monitor International expects the lifting of international sanctions—which is due to occur early this year-- to result in the diversification of Iran's competitive landscape in…
Senior officials from Iran Urban Economics Scientific Association and the Monetary and Banking Research Institute, affiliated to the Central Bank of Iran agreed to conduct joint research…
Insurance firms paid a total of 475.6 billion rials ($15.9 million) for covering transport claims in the last fiscal year (ended March 20, 2015), marking a year-on-year growth of 87.17%. According…
The next fiscal year will be a year of crisis for Iranian banks, Heidar Mostakhdemin Hosseini, a prominent analyst said.
Taking stock of the multiplying non-performing loans of banks he…
The US dollar began a fresh rally on Wednesday in the free market, reaching 37,120 rials, up from the previous day’s close of 36,780 rials. The currency has been gaining against the rial in recent…
The National Development Fund of Iran says it considers lending to manufactures a top priority, said Mohammad Ghasem Hosseini, deputy chairman of NDFI on Monday. He added that considerable volumes…
Development plans for Khuzestan Province has led to the expansion of informal settlements, said the province’s governor general, Abdolhasan Moqtadaei on Wednesday.
Reducing the capital adequacy of banks will help boost the lending power of banks rather than increasing their toxic assets, says the CEO of Eghtesad Novin Bank.
For all the meltdown in relations between Iran and Saudi Arabia, the two Middle East countries have got something in common—at least in terms of markets.
