Business And Markets

Over 2.5 million tons of minerals were extracted from Chaharmahal- Bakhtiari Province’s 102 active mines in the first half of the current fiscal year (started March 20), announced the head of the…

Bank Maskan, specialized in lending to the housing sector, will start repayment of its debt s to the Central Bank of Iran worth 550 trillion rials ($17.4 billion) from 2023. The CBI had allocated…

The Central Bank of Iran is pushing forward with the initiative to regulate non-bank institutions via a four-point master plan, says the director of the office for supervising non-bank…

The parliament will soon make a final decision about establishment of a special fund for covering losses caused by natural disasters as part of the law for mandatory natural disaster insurance,…

Turkish investment bank Unlu & Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since…

While businesses are eagerly awaiting the unification of foreign exchange rates, the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture says conditions are rife for the long…

Iranian Zinc Mines Development Company’s subsidiaries produced 7,978 tons of zinc ingots in the Iranian month ending September 21, indicating a 10% growth in output compared with last year’s…

The Iranian Privatization Organization is lining up its largest initial public offerings of the year, amid a bearish market with low demand for risky assets, as it tries to help bridge the gap in…

Figures by the Central Bank of Iran show the government earned 50.1 trillion rials ($1.4 billion at exchange market rates) from income tax revenues in the four months of the current Iranian year (…

Chinese cross-border eCommerce company Global OConnect has launched its Foshan City home furnishing exhibition in the Iranian capital, Tehran.

Tehran Stock Exchange’s main index gained 178.50 points or 0.23% to end Saturday trade at 77,478.8 and reach its highest in four weeks.

More than 1.07 billion shares valued at $59.7 million…

The Iranian banking sector’s total lending amounted to 1.7 quadrillion rials ($54 billion) in the five months to August 20 -- a 39% growth compared with the corresponding period last year.

The total number of home sales in Tehran city reached 83,199 during the first half of the Iranian fiscal year (started March 20), marking a 14.7% growth compared with the same period last year.…

A board member of Iran’s main housing mortgage bank says it will issue 100 trillion rials ($3.17 billion) worth of mortgage backed securities (MBS) in the fiscal year that ends in March 2017. The…

The state-owned Bank Keshavarzi Iran, specializing in financing the agriculture sector, will double its capital by the end of the current fiscal year (March 2017), said deputy minister of…

In talks with the governor of the Central Bank of Iran in Athens, the deputy Greek prime minister expressed his country’s interest in expanding ties with Tehran.

“Our ties to the Islamic…

Tapping into underdeveloped markets provides growth potential for both Boeing and Airbus.

On September 21, Boeing and Airbus individually announced that the US Treasury Department will…

Iran’s pension funds are in financial trouble and are creating a huge drag on government finances, according to their executives and government officials. They are struggling to weather the…

Tehran Stock Exchange's benchmark index, TEDPIX, gained 849 points or 1.1% during the trading week that ended pn September 28 to close at 77,300.

TSE trading week begins on Saturday and…

Renault has reached a deal with Iran's government to open a plant for making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international…

India’s government has asked state-controlled National Aluminum Company Ltd, better known as NALCO, to rethink its overseas expansion plans, including a proposal to set up a $2 billion smelter…

The Europaeisch-Iranische Handelsbank is now handling banking deals with Tehran worth €5.5 billion, announced the head of the German-Iranian Chamber of Industry and Commerce.

The Central Bank of Iran has taken measures needed to unify foreign exchange rates the bank intends to implement before the current fiscal year ends in March, said the CBI governor on Wednesday.…

Central Insurance of Iran and Oman’s Ministry of Industry and Trade signed a deal on Tuesday to expand collaboration in the fields of insurance, reinsurance, training and exchange of knowhow.

Austria’s export credit agency, OeKB, has raised the cap for covering transactions with Iran from €280 million to €1 billion, said Austrian Federal Minister for Finance Hans Jorg Schelling on…