Business And Markets

Iran and China are planning to sign a currency swap agreement, according to Iran’s ambassador to Beijing, Ali Asghar Khaji.

Iran has been trying to avoid dollar transactions since the…

A government scheme to finance the renovation of old urban areas has been finalized and Bank Maskan -- which specializes in housing loans—will start lending 50,000 applicants by the yearend…

Opening up the economy to entrepreneurs and businesses in after the sanctions are lifted is a government priority, said Mohammad Nahavandian, president Rouhani's chief of staff. Preparing for the…

Alliance Reseau Courtage Assurance will enter Iran's insurance market to cover the transport sector in the post-sanctions era, said the insurer's representative in Iran.

Asian Bankers Association has accepted Bank Hekmat  Iranian’s request for membership, said Nader Hasanpour, the bank’s deputy for international affairs, banker.ir reported. BHI intends to…

The strengthening of the US dollar against the Iranian rial as a result of a rate rise by the Fed will boost Iranian exports and make Iran’s assets frozen overseas more valuable once sanctions are…

Tehran Stock Exchange’s all-share index TEDPIX rose 270 points or 0.44% during the past week compared to the previous trading week to end at 61,691. More than 2.2 billion shares changed hands in…

Iran plans to boost investment in exploration, mechanized exploitation, as well as mid-stream and down-stream projects to enhance sustainable development. The target is to increase mining’s…

Steel exports will reach a record high of 3 million tons by the end of the current Iranian year (March 19, 2016), says the head of Iranian Mines and Mining Industries Development and Renovation…

Banks lent a total of 2.19 quadrillion  rials ($72.9 billion) by the end of the eight month of the Iranian fiscal year (October 21), an increase of 6.3% or 129.5 trillion rials ($4.3 billion…

Foreign investment and finance is important to complete pending projects, said Abdol Naser Hemmati, CEO of Bank Melli Iran. He said domestic banks had provided 90% of the credit needed for…

A member of the Money and Credit Council said to overcome economic challenges, lowering interest rates would be inevitable.  Mohammad Reza Pourebrahimi whose council is the main monetary…

Covering the risk of volatilities in the forex market is crucial to economic development, Hamed Soltaninejad head of Iran Mercantile Exchange said in a meeting with the Iran Institutional…

Reinforcing the private sector will lead to improvement and growth in the long-stagnant housing sector, according to Muhammad Mehdi Mafi, an analyst. He added that government’s interventionist…

Iranian Mines and Mining Industries Development and Renovation Organization has unveiled the Geographical Information System for the mining sector.The GSI is designed to capture, store, manipulate…

Foreign financial service companies are spearheading the trend to buy into Iran's economy and profit from the last frontier market that is expected to open up to foreigners soon.

Sanctions…

Iran’s accession to the World Trade Organization is pending after almost 19 years, which has made the country’s membership bid one of the longest in the history of the international pro-free trade…

Iran Mercantile Exchange witnessed the supply of 107,040 tons of bitumen, sulfur and insulations on the export trading board on Wednesday.

The oil and petrochemical trading board played…

Iran’s economy is expected to recover on account of the upturn in private consumption and the successful diversification into the non-oil sector, according to Market Research Firm, Frost &…

The Central Bank of Iran and Islamic Development Bank have agreed to launch a joint project for developing a unified set of regulations for Islamic banking.

The Central Bank of Iran on Monday released its report on the key macroeconomic indicators in the first quarter of the calendar year (March 21- June 2).

According to CBI’s 1-Q Index, 1.4…

India’s oil import dues to Iran will be transferred to Iran as soon as the nuclear accord Tehran signed with the six world powers takes effect, said Hussein Yaqoubi, director of the Central Bank…

The 18th session of the India-Iran Joint Commission was held in New Delhi on Monday with the participation of India’s External Affairs Minister Sushma Swaraj and Iran’s Economy Minister Ali…

The Iranian Privatization Organization transferred the ownership of government shares worth 13.2 trillion rials ($360 million at market exchange rate) to private owners in the first three quarters…

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 17,700 tons of A3-12-32 rebars by Isfahan Steel Company at the base price of $0.3 per kg on Monday, in…