Business And Markets

Iranian private lender, Bank Sina, has opened an account in Switzerland’s BCP, which allows Sina to transfer euro and Swiss franc. According to a press release released on Sina’s website on…

Export Guarantee Fund of Iran, the state-owned export credit agency, will start offering insurance coverage for fluctuations in foreign exchange rates, mainly to support Iranian exporters, said a…

The US dollar swelled yet again in Tehran’s foreign exchange market on Saturday, reversing its fall on Thursday.

The greenback started off at 38,000 rials at the market’s opening on…

Top officials from Switzerland’s Federal Department of Economic Affairs, Education and Research and State Secretariat for Economic Affairs are set to visit Tehran next week.

A dispute between the ministries of roads and industries over the import of freight wagons from Russia has recently grabbed headlines in the local media. 

In an open letter, Minister…

Foreign direct investment in Iran has been made easier, as Bank Mellat, one of Iran's largest lenders, has signed a contract with the Central Securities Depository of Iran to facilitate FDI in…

Plans are underway to build a chromite concentrate plant in Kerman Province, the managing director of South Kerman Industries, Mining and Trade Organization announced. “The plant will produce 20,…

Iran Chamber of Commerce, Industries, Mines and Agriculture hosted the Iran-New Zealand Economic Forum on Saturday. 

Present at the gathering were New Zealand’s Trade Minister Todd…

The governor of the Central Bank of Iran is trying to assuage concerns about the recent surprise rally in currency markets saying the surge is temporary and will abate in the last three months of…

All Iranian banks will again face another grueling period until the current fiscal year ends in March, says a senior banking expert.

Lawmakers will debate the Comprehensive Banking Bill during a plenary session on Sunday, said Mohammad Reza Pourebrahimi, a member of the Majlis Economic Commission. 

Officials from the Industrial and Commercial Bank of China, the world’s largest bank by total assets and market capitalization, has held talks with the Central Bank of Iran in recent weeks to…

Dozens died and more than 100 others were severely injured in what has become one of the worst rail accidents in Iran in recent memory. 

The subsidiaries of National Iranian Copper Industries Company produced 110,268 tons of copper cathode during the seven months to October 22, registering a 15.5% growth compared to last year’s…

New Zealand’s Trade Minister Todd McClay led the country’s first trade mission to Tehran in 12 years on Friday to revive exports after the lifting of nuclear sanctions against Iran.

“There…

Tehran Stock Exchange’s benchmark index TEDPIX gained 633 points or 0.8% during the week that ended November 30 to close at 80,018. 

There remains a gap between Iran’s consumption and production of flat steel products despite increases in the country’s crude steel capacity, the secretary of the Iranian Syndicate of Steel Pipe…

The US dollar is once again at the center of attention in the Iranian currency market with its recent pattern on the upside, the only notable difference this time around being that the higher…

The Philippines and Iran have agreed to expand bilateral ties, beginning with establishing banking relations and renewing economic cooperation between the two countries.

Three Slovenian banks, namely Nova  Ljubljanska banka, Gorenjska banka, and SID are negotiating with the Central Bank of Iran and some commercial lenders, to expand banking relations, said…

Home sales in Tehran totaled 12,400 during the eight month of the fiscal year (Aban) to October 21, marking 21% growth compared with the previous month.  The deals registered a 4.1% growth…

Tehran Stock Exchange’s main index gained 84.47 points or 0.11% to end Sunday trade at 79,625.90.

More than 779 million shares valued at $54 million changed hands for the day.

Mahram…

Hot-rolled coils made up 39.8% of Iran’s 10.28 million-ton steel product output during the seven months to October 22, registering a 4% drop year-on-year, according to the latest data released by…

Minister of Roads and Urban Development Abbas Akhoundi appointed Mehrdad Taqizadeh-Behjati as the acting head of the Islamic Republic of Iran Railways following the resignation of Mohsen…

Iran just weathered its worst economic crisis in contemporary history, but the legacy of the crisis and eight years of mismanagement under the previous administration is affecting everything, from…