Business And Markets

Iranian Privatization Organization sold 13.2 trillion rials (about $360 million) worth of government-owned stocks from the start of the Iranian year (March 21) until December 5. The IPO offered 88…

Iran Mercantile Exchange’s agricultural trading board witnessed the supply of 11,203 tons of corn, 2,500 tons of dates, 4,000 tons of durum wheat, 100 tons of white sugar, 500 tons of unprocessed…

Islamic Treasury Bill trading hit a record on Wednesday, as trade volume for the newly-debuted bill exceeded 56 billion rials ($1.54 million at market exchange rate) for the first time, which is a…

Iran hopes to raise hundreds of billions of dollars needed to repair its sanctions-hit economy, but first it must win over global investors.

Central Bank of Iran will soon reduce up to 3% of banks’ reserve requirement based on their recent performance and increase the reserve requirements of unruly banks as a punitive measure.

Central Bank of Iran released the details of the credit card scheme on Wednesday. According to CBI’s website, the new cards will be valid only for purchasing home appliances made by domestic…

Asian banks are expected to be among the first institutions to venture into Iran once sanctions are eased, with western financial players remaining cautious for now, banking officials said on…

A Tehran-based analyst has censured the Central Bank of Iran for recent raids on the unofficial foreign exchange market by Law Enforcement Forces saying the unlicensed money exchange networks…

A cut in interest rates looms large for businesses big and small, drawing mixed reactions from businesses of all stripes. Insurance companies were among the first to voice dismay and concern over…

According to Iranian Mines and Mining Industries Development and Renovation, 17.8 million tons of iron ore concentrate were produced during the eight months ending November 21, indicating a 1%…

The value of Tehran Stock Exchange-listed industrial and mining companies plummeted as much as 80% in the eight months ending November 21, announced a deputy minister of industries, mining and…

Developing a roadmap for Islamic banking is a necessity due to the challenges facing the country's banking sector, said Valiollah Seif, governor of the Central Bank of Iran. The plan can also help…

The housing market is likely to pick up in the spring of 2016 after parliamentary elections, Head of Tehran Association of Realtors said.

It is, however, expected to remain stable up until…

The Ministry of Sports and Youth intends to launch a specialized bank for organizing transactions related to ministerial affairs. The proposed bank would handle sports clubs and federations’…

Bank Saderat is financing the development of Siraf Methanol Company in Pars Special Economic Energy Zone, Bushehr Province. The bank has allocated $630 million to Siraf Methanol Company in line…

The Central Bank of Iran has approved the launch of a foreign exchange derivatives market, the bank’s deputy for foreign exchange affairs said on Wednesday.

“CBI has readied a plan for…

After getting a fresh mandate, the Social Housing Scheme has launched another phase of its program to provide 25,000 low-cost housing units each year.

Iran Mercantile Exchange’s export trading board on Wednesday witnessed the supply of 55,000 tons of granulated iron ore, 6,000 tons of sulfur lumps, 5,000 tons of granulated sulfur, 89,500 tons of…

The Italian Ministry of Foreign Affairs, Farnesina, hosted a roundtable on Iran's infrastructures in cooperation with the national association of developers (ANCE) and Agenzia ICE, the Italian…

Increasing oil revenues have for long sidelined the need for Iran to develop a modern taxation system.

Economy Minister Ali Tayyebnia made the statement while addressing the Ninth Monetary…

Tehran Stock Exchange’s all-share index TEDPIX slipped by 86.00 points or 0.14% to reach 62,147.3 by Wednesday’s close.

More than 416 million shares changed hands valued at over $22.6…

The government is turning to European financiers to complete infrastructure projects instead of using oil revenues that have been hammered due to the plummeting prices in international crude…

A high-ranking Swiss trade delegation is scheduled to visit Iran in February to explore new areas of economic relations with Iran, said Switzerland’s former ambassador to Iran said.

An official with the Consumers and Producers Rights Protection Organization announced as "illegal" any potential rise in rail fares and said the move has not passed through the procedure…

Bank facilities to the tune of 2,000 billion rials ($66.87 million at official exchange rate) will be offered to exporters of value-added products and engineering services, says deputy minister of…