The Money and Credit Council has said henceforth banks must allocate a maximum of 10% of their participatory loans to enterprises under “debt purchase contracts” to help stimulate sales and ease…
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 Central Bank of Iran has set up a special regulatory committee to supervise banking issues in the Joint Comprehensive Plan of Action, the official name of the nuclear deal between Iran and the…
Two months after Iran reached a nuclear deal that will open its markets to the world, officials are warning of economic stagnation as consumers hold off on making purchases until western sanctions…
Copper and polymetal exploration tops the Ministry of Industries, Mining and Trade’s “Investment Priority List” during 2015-18, a statement by the ministry reads. Other top priorities include…
Iran’s iron ore exports may stop in 2019 due to low prices and as it consumes more of the raw material in its bid to more than triple steel production by 2025, said an industry executive from…
Tehran Stock Exchange’s main index extended its retreat in the week that ended September 23, going down 579 points or 0.93% to stand at 61,686.
According to TSE data, the First Market Index…
Pharmaceutical giant Novo Nordisk said on Tuesday it would invest millions in Iran, joining a still very small group of European companies to have announced concrete deals in Tehran after it…
A finance expert says forex rates will rise against the rial by around one to two percent in the next month (starting at September 23).
An official in the Securities and Exchange Organization has rebuked the government for pushing hard only to curb the inflation rate, according to Akhbarbank news website.
Despite the Central Bank of Iran Governor Valiollah Seif having said that there is no need for a currency bourse, the government seems unmoved. It has been pushing for a centralized foreign…
The Minister of Economic Affairs and Finance says the market is currently "quite close" to a unified foreign exchange regime, noting that currently there is barely any difference between the…
Financial eligibility check is the only supervisory instrument required in a mature insurance market, head of the Central Insurance Company of Iran on Sunday.
The Money and Credit Council has suspended its earlier ban on banks to issue letters of guarantee for top debtors who are in default. The council’s decision is designed to help stimulate business…
Bank Tejarat is planning to open new branches in the Persian Gulf Arab states, Akhbarbank website reported. It also is trying to establish a brokerage in the region, mainly to raise capital.…
The big Iran story is no longer congressional sniping at the deal worked out by the United Nations Security Council to monitor Iran’s civilian enrichment of uranium for reactor fuel. It is the…
Tehran Stock Exchange snapped out of its dramatic recession on Tuesday when TEDPIX gained 248.80 points or 0.41% to reach 61.576.8.
Swiss Ambassador in Tehran Julio Haus met with head of Iran Mercantile Exchange Hamed Soltaninejad on Monday to discuss post-sanctions’ opportunities for expanding economic ties between Iran and…
Iran Mercantile Exchange featured close to 62,000 tons of commodities offered by nine local suppliers on the export trading floor on Tuesday.
Applicants who deposit money in special housing funds will also be able to pre-purchase residential units, which is the main function of loans offered to first-time buyers, says a senior banking…
Central Bank of Iran has warned unauthorized financial and credit institutions against inflated certificate of deposit in exchange for property. Some unauthorized credit institutions offer higher…
Bank Melli Iran is offering loans to its current accounts holders and POS terminal users. BMI customers can take out loans approximately five times their average daily account balance, the bank’s…
Head of the Environment Committee of Tehran City Council has criticized banks’ increased investment in major building projects in the sprawling capital and warned against environmental degradation…
If the recent saga of woes crashing upon banks has had any hidden benefit for them, it should be the lessons they were taught in fair lending. After banks splurged the better portion of their…
Bank Mellat is willing to enhance cooperation with the oil and gas sectors, the bank’s CEO said.
Bank Mellat and the National Iranian Oil Company finalized a contract for the Kangan oil and…
In preparation for Iran’s economic momentum expected after the lifting of western sanctions in 2016, many foreign companies are heading to Tehran in search of lucrative business opportunities.
