Banks and credit institutions have been ordered not to extend any kind of banking services to businesses that have not presented their balance sheets, announced the head of Majlis Economic…
Business And Markets
<p>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.</p>
When foreign exchange rates are unified, setting a fixed rate for it will be meaningless since foreign exchange rates, like any other commodity, are determined by supply and demand, a member of…
The rial was 37,800 to the dollar on Saturday, marking a 0.08% gain against the US currency compared with the previous day’s close, according to Tehran Gold and Jewelry Union's website.
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For International Financial Reporting Standards to truly take hold in Iran, they must be accorded significance on the national scale, the governor of the Central Bank of Iran said.
The Central Securities Depository of Iran issued 12 new trading codes to foreign investors during the Iranian month of Bahman (ended February 18), bringing the total number of foreign investors in…
The Ministry of Economy has been given the go-ahead to sell up to 145 trillion rials ($3.8 billion) worth of short-term bonds, as parliament speaker, Ali Larijani, has criticized the sheer volume…
Thailand has secured a deal to sell rice to Iran for the first time in 10 years, with delivery of 50,000-100,000 tons of white rice due over the next 1-2 months.
Demand for imported hot rolled coils in Iran remained sluggish, as buyers still preferred locally-produced material, which is available at more attractive prices vis-a-vis the import duty. …
Tehran Stock Exchange’s main index gained 16.30 points or 0.02% to end Saturday trade at 77,863.5.
About 619 million shares valued at $37 million changed hands for the day.
Khazar…
Some $500 million worth of carpets were exported from Iran during the 10 months to January 19, according to the deputy minister of industries, mining and trade.
"Hand-woven carpets account…
The Cabinet has made decisions concerning reinsurance and debts owed to the Oil Stabilization Fund among other things in their latest meeting on Wednesday.
During a meeting presided by…
With the expansion of transactions in the international banking system and establishment of correspondent relations, Bank Melli Iran has registered a significant rise in a variety of banking…
After an eight-month delay, the annual meeting of the Central Bank of Iran will be held in a week.
The 56th annual meeting will convene on March 1 at the CBI headquarters with President…
A lawmaker has criticized automakers for offering high interests on their pre-sale contracts, saying that the gaping difference between auto contracts’ interests and banks’ deposit rates has…
After negotiations between the officials of Iranian and Malaysian central banks, the two countries agreed to integrate their bank card systems and discussed conducting business in local currencies…
Iran’s exclusive exhibition, where more than 60 Iranian companies are showcasing their products, opened on Friday in Karachi, the largest and most populous city in Pakistan. Companies active in a…
Over 1.7 billion tons of mineral reserves have been discovered so far this year, the head of mineral explorations at the Ministry of Industries, Mining and Trade said.
The current Iranian…
The government plans to issue 85 trillion rials ($2.23 billion) of Islamic Treasury Bonds in the near future to fund incomplete projects across the country, the chairman of Iran Planning and…
Tehran Stock Exchange’s main index gained 658 points or 0.9% for the week that ended February 22 to close at 77,847.2.
Iranian weekdays start Saturday and end on Friday. Tehran’s stock…
Russia’s co-chair of the Russian-Iranian intergovernmental commission on trade and economic cooperation announced on Wednesday that Iran has expressed interest in purchasing 12 Russian Sukhoi…
The parliament has approved a measure on Tuesday to increase the ceiling for using foreign investments in projects, setting the borrowing limit at $50 billion in addition to what is left from…
Iran is determined to quit the blacklist of high-risk countries of the Financial Action Task Force, according to the deputy economy minister for banking and insurance who blamed the country's…
The Central Bank of Iran considers merger as a solution for low-profit banks, “but it will be used only when other options fail to solve the problem”, said the director of CBI’s Office for…
Iranian bank lending portfolio has doubled over the past four years.
According to the latest report published on CBI’s official website, the total amount of loans in 2012 stood at 1,…
Iran’s commercial attache in Russia has listed the names of five Russian banks that can be trusted by Iranian businesspeople. "Apart from Mir Business Bank, which is owned by Bank Melli Iran,…
