Business And Markets

The Central Bank of Iran is planning to launch a new regulatory body specifically for fintech firms, a CBI official announced on Sunday.

Lawmakers on Monday approved a proposal that allows for attracting an average of $30 billion in foreign direct investment annually.

The proposal aims to lift Iran’s GDP growth to an annual…

Iranian steelmakers are missing out on one of the most accessible and lucrative steel markets in the region: the $5 billion market in Iraq.

Iraq has been rebuilding its infrastructure ever…

Tehran Stock Exchange’s main index lost 295.90 points or 0.37% to end Monday trade at 80,413.1.

More than 800 million shares valued at $38.5 million changed hands for the day.

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Close to 260 development projects with a budget allocation of 163 trillion rials (about $4.14 billion at market exchange rate) are currently under construction, the deputy minister of roads and…

Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is expected to be delivered in mid-January, Iran's deputy roads and urban development minister, Asghar…

The US dollar was exchanged for 39,450 rials in Tehran’s market on Sunday, slightly up from the previous day’s close, according to the Association of Bureaux de Change Operators of Iran…

The plan to prepare the ground for Iranian bank cards to be used in other countries will be implemented at the beginning of the next fiscal year in March, announced the deputy for innovative…

It is not possible to pressure banks into lowering the rate of return on their investment funds, as the sector is not prepared for such measures, an official of the Monetary and Banking Institute…

The Central Bank of Iran's plan to overhaul its financial oversight regime will increase the effectiveness of supervision over banks and provides the infrastructure for the complete implementation…

The revised version of Banking Reform Bill will be presented to top clerics–known as  Marja’ or sources of emulation–ahead of being put to a final vote in the parliament, announced the head…

Tehran Stock Exchange’s main index gained 25.40 points or 0.03% to end Sunday trade at 80,709.

Over 665 million shares valued at $40.1 million changed hands for the day.

Pars Tile…

Roads and Urban Development Minister Abbas Akhoundi questioned the fairness of Iran state TV coverage of Wednesday’s open session of the parliament in a letter to the director general of the…

Iran possesses one of the most untapped yet most important mineral resources of the world.

The country is home to 7% of global mineral reserves, encompassing some 68 minerals and more than…

The Securities and Exchange Organization has filed a lawsuit against Electricity Meter Manufacturing Company, known as SKI, for “refraining from disclosing critical information to the SEO” and…

The US Treasury Department’s Office of Foreign Assets Control on Thursday revised its Frequently Asked Questions guidance that concerns the reimposition of sanctions in the event of a…

The US dollar was sold for 39,540 rials on Thursday, resuming the rally that had gripped the market after Donald Trump’s election victory last month.  

The council of the Islamic Financial Services Board (IFSB) announced the appointment of the Central Bank of Iran’s governor as its chairman for 2017.

Iranian banks have started talks with Tehran Stock Exchange to resume the trading of their stocks hit with a multiple-month suspension, the deputy head of Bank Mellat said.

Export Development Bank of Iran and Indonesia’s Eximbank signed an agreement to expand collaborations, on the sidelines of Indonesian President Joko Widodo’s visit to Tehran on Wednesday.

Iran’s huge steel growth plan is not yet disrupting the seaborne iron ore pellet markets and is not expected to do so in the near term, steel and iron ore market sources say.

Iranian semis exporters have benefited from the surge in Chinese billet prices, seen over the past three weeks.

Suppliers have managed to sign export contracts at higher levels, but the…

Iran’s Aseman Airlines has agreed to lease seven Airbus jets, Reuters quoted two aviation industry sources as saying on Thursday, scotching earlier reports that Iran had agreed to buy the aircraft…

Indian multinational pharmaceutical and biotechnology company Cipla says its subsidiary in the Netherlands will pump in €16.8 million to form a joint venture with its Iranian distributor, Ahran…

Tehran Stock Exchange’s benchmark index shed 657.4 points or 0.81% during the week that ended December 14 to end at 80,683.6.

IFX, the over-the-counter Iran Fara Bourse’s main index, added…