Business And Markets

The banking system will start issuing credit cards to gradually meet the customers’ needs for small loans and help pull "the real economic sectors" out of the prolonged recession, a statement by…

All banks registered in Iran’s banking network are now authorized to sell housing bonds, announced a member of Money and Credit Council, a decision-making body.  

To expedite banking transactions between Iran and China, the Central Bank of Iran on Tuesday opened two new accounts in euro and yuan with the Export-Import Bank of China (Chexim).

The Central Bank of Iran has permitted banks to open letters of credits in foreign currencies at market exchange rate.

The unification of foreign exchange rates and establishment of an interbank forex market are prerequisites set by the Central Bank of Iran for launching a foreign currency futures market,…

Insurance brokers have called for the establishment of an official union that would enable them to advise policy buyers and help promote healthy operations in the industry.

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Iran has witnessed a significant surge in its foreign exchange earnings as a result of the steady increase in oil exports in the post-sanctions era, the governor of the Central Bank of Iran said…

Three separate groups of Boeing officials are in Iran this week to discuss their $25 billion aircraft sale to the country. The official trip to the Islamic Republic follows ongoing obstacles Iran…

First quarter growth figures, released this week, have stirred fresh debate among economists and politicians. The business community was apparently not impressed by the data and stock markets…

Authorities have conditioned the import of household appliances into Iran to licensed representatives of foreign brands who provide after sales services, the Trade Promotion Organization of Iran…

The 1st International Exhibition of Foodstuff, Beverages, Machinery and  Related Industry, otherwise known as ‘Kish Foodex 2016’, is scheduled to be held in Kish Island in southern Hormozgan…

Bank Sepah’s branch in Frankfurt has connected to Target 2, an interbank payment system, said Bank Sepah’s CEO on Tuesday

Bank Melli Iran has started offering bank guarantees for exporters of engineering services to Oman through its branch in Muscat.

Nine Iranian ships have received coverage from the Steamship Mutual Underwriting Association Limited of P&I Clubs since 31 July 2016, Islamic Republic of Iran Shipping Line announced on…

Minister of Economic Affairs and Finance Ali Tayyebnia, who is currently in China as the head of the Iranian delegation to the 16th session of Iran-China Economic Commission, said the complete…

The 21th Executive Committee Meeting of ECO's Chamber of Commerce and Industries was held in Tehran on Tuesday with private sector representatives of the organization calling for renewed…

Jalal Abad Iron Ore Mine produced 334,793 tons of granulated iron ore during the first four months of the current Iranian year (March 20-July 21), indicating a 134% surge compared to last year’s…

The Securities and Exchange Organization is starting the regulation of its handful of venture capital companies by listing them on the Iran Fara Bourse over-the-counter market. The listed VC…

Major Iranian steel producers Khouzestan Steel Сompany (KSC) and Mobarakeh Steel Company (MSC) have ramped up slabs shipment exports. The two companies have not only raised export volumes but also…

The increase in value of Iran’s mineral exports during the first four months of the current Iranian year (March 20-July 20) was due to rise in commodity prices during the period, says Kamran Vakil…

Foreign insurance companies could help promote healthy competition in the Iranian market and bring considerable benefit to the public, said the head of Insurance Research Institution.

Economic Cooperation Organization’s member-states have called for the establishment of stronger banking relations.

On the second day of the 21st meeting of executive committees for ECO…

Shetab, Iran’s national interbank transaction network, hosted 1.3 billion transactions during the month ending June 20, with a total worth of 1.9 quadrillion rials ($61.2 billion). …

In the first four months of the current fiscal year ending July 21, Bank Maskan's loans for construction and purchase of residential units registered a significant growth year-on-year, announced…

Markets were unmoved by promising first quarter data on Monday as concerns over the future persisted. Poor company fundamentals meant few investors were elated at a sudden acceleration of economic…