Accepting promissory notes as non-cash collaterals for foreign exchange loans by banks is permitted, if all the other relating criteria and regulations are adhered to, the Central Bank of Iran…
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 head of the private sector's main entity lambasted the prevailing corruption and rent-seeking in the country's economic sphere, saying they are the main obstacles to transparency and a level…
Lower bank interest rates, which cause more capital to flow toward other sectors including the housing sector, will prove instrumental in triggering a boom in the sector, a board member of…
The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the director of the…
Iran's sovereign wealth fund has allocated $36 billion in foreign exchange loans to bankroll the country’s national projects in the past six years ending Sept. 22.
According to NDFI’s…
Tehran Stock Exchange’s main index shed 50.40 points or 0.06% to end Sunday trade at 87,744.8.
About 516 million shares valued at $32.55 million changed hands on Sunday.
Trading…
Bank Mellat plans to issue 18 trillion rials ($450 million) worth of certificates of deposit in the next five trading days. The CDs’ sale will begin on Monday and continue until Nov. 20, Bourse…
Tehran’s stone export consortiums have established permanent stone exhibitions in seven countries with the support of Tehran Industrial Parks Company, an official with the company said.
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The government’s calculations underestimated public expenditure in the Health Reform Plan, as it did not take into account budget constraints due to the decline in oil prices or changes in the…
National Industries and Mining Development Company’s 2.5-million-ton per year iron ore concentrate plant started its pilot production on Saturday. The plant, located in Sangan Mineral Zone, was…
Gold coin prices registered consecutive growths during the past week to reach their four-year high in Tehran’s market on Saturday. After significant leaps in recent days, Emami gold coin fetched…
A study of official data pertaining to non-performing loans in the Iranian banking system over the past six years conducted by the Tehran Chamber of Commerce, Industries, Mines and Agriculture…
The Iranian government and Tehran Municipality are assessing regulations of their joint project to build 55,000 residential units in Tehran’s distressed areas under the moniker “Pishgam Housing…
The government, the judiciary and the parliament are ramping up their concerted campaign to put to an end to the saga of illegal credit institutions and increasingly support the thousands of…
More than 81 tons of saffron worth around 3.45 trillion rials ($106 million) were exported from Iran to 58 countries in the first half of the current Iranian year (March 21-Sept. 22), according…
The rail route between the two Iranian cities of Qazvin and Rasht, which is the missing link in the International North-South Transport Corridor, will become operational by the end of the…
A capital market agreement between Iran and South Korea has been cancelled as a result of “political pressure”, the head of Central Securities Depository of Iran said.
German investors account for half of foreign portfolio investment in Iran’s capital market, says Securities and Exchange Organization’s deputy head for international affairs.
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During the latest auction held last week as part of the overall plan of shedding excess assets of Iranian banks mostly held in the real-estate sector, 20 properties belonging to Bank Sepah were…
After a series of negotiations and follow-ups by Iranian officials and investment companies, the head of Iran-Italy Chamber of Commerce announced that the remaining banking issues between the…
Bank Melli Iran has managed to recover more than 64 trillion rials ($1.13 billion) of its non-performing loans during 2013-16, announced the bank’s chief executive.
In line with plans to eliminate the US dollar in Iran's foreign trade by clinching monetary agreements, the Central Bank of Iran is pursuing the policy of expanding the role of Iranian currency…
The flat steel import market in Iran continued to be influenced by an unprecedented increase in freight rates sparked by a massive rise in grain shipments to the country.
Tehran Stock Exchange’s main index TEDPIX gained 53 points or 0.1% during the third week of the month that ended on Nov. 8 to close at 87,897.4.
The benchmark index is currently hovering…
Ministry of Roads and Urban Development’s Advisor Gholamreza Salami said new Iranian railroads, including the one linking Chabahar to Zahedan, will be financed under Build-Operate…
