Tehran Municipality has released its balance sheet for the first six months of the current Iranian year that started in March, unraveling the state of its almost empty coffers.
Business And Markets
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Tehran will host the Sixth Investment Opportunities in Iran’s Mines & Mining Industries Exhibition, otherwise known as Minex 2017, on October 10–12.
The prices for some flat steel products to be imported into Iran increased last week, while buying activity was slow because buyers wanted discounts.
“The market is not active enough.…
Tehran Stock Exchange’s main index lost 360 points or 0.42% to end Saturday trade at 85,069.5.
About 618 million shares valued at $47.92 million changed hands for the day.
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The US dollar gained against the rial on Thursday to reach its highest value in Tehran’s foreign exchange market in eight months.
In order to implement the Social Housing Scheme to provide more than 100,000 residential units for low-income groups each year, 4.2 trillion rials ($105 million) in government subsidies are…
In what could be another step toward bolstering efforts to reduce the tenaciously high bank interest rates and balance markets, investment funds owned by banks and credit institutions have been…
Owing to the fact that most municipalities, including that of Tehran, are struggling with a hefty credit crunch, Shahr Bank has invested 100 trillion rials ($2.5 billion) to support the…
The European Union has decided to set fixed duties for hot-rolled coil imported from Iran, as well as HRC from Brazil, Russia and Ukraine, after a complaint by EU manufacturers that the product…
The 17th International Industry Exhibition, also known as IINEX 2017, opened at Tehran’s International Permanent Fairgrounds on Friday.
Iran’s unemployment rate in the second quarter of the current fiscal year (June 22-Sept. 22) stood at 11.7%, registering a 1% drop compared with the same period of last year and a 0.9% decrease…
About 81,580 tons of different kinds of dates worth close to 2.7 billion (more than $82.82 million) were exported from Iran to 76 countries during the five months to August 22, based on figures…
For making Iranian financial institutions conform to international standards, Money and Credit Council–a top monetary decision-making body–has approved a directive that requires banks to…
The Export Guarantee Fund of Iran has signed an agreement to bolster banking and insurance cooperation with KUKE, its Polish counterpart.
Since complying with international standards and building strong infrastructures are prerequisites for opening a branch in another country, Sina Bank has managed to complete the first phase of…
Bank Melli Iran, owned by the government and the largest commercial bank in Iran, has invested more than 1 trillion rials ($25.6 million) in three knowledge-based startups, an official at the…
With the aim of expanding banking correspondent relations to support foreign trade, Bank Melli Iran has succeeded in establishing correspondent ties with Brazilian banks, the lender’s deputy for…
Tehran Stock Exchange’s main index gained 74.50 points or 0.09% to end Wednesday trade at 85,429.5.
About 601 million shares valued at $37.44 million changed hands for the day.
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Sometimes all it takes to retard a well-oiled machine is one loose cog. And for the Iranian steel industry, the increasingly limited supply of graphite electrode is the inconspicuous gear…
The Iranian capital market outperformed all its rival markets in terms of return on investment (ROI) during the first half of the current fiscal year (March 21-Sept. 22).
The parallel…
Morteza Lotfi has assumed the leadership of Iran’s largest holding, Social Security Investment Company. Lotfi, who earlier served as the company’s deputy head, is the former managing director of…
Following the Cabinet's approval on Wednesday, Farzaneh Sharafbafi officially took over as the chief executive of Iran Air, the country's flag carrier airline company, also known as Homa.
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Following complaints from the business community that it is not getting its fair share from the recent inflow of foreign finance, Economy Minister Masoud Karbasian sought to put those concerns…
A proposal to exempt the Export Guarantee Fund of Iran from paying value-added taxes has been sent to the parliament as part of a bill and is being followed up, announced the director of the…
After recent measures to make banks adhere to lower deposit rates, the Central Bank of Iran is mulling a reduction in loan rates, the bank's second-in-command said on Tuesday.
