Iran’s vice president for executive affairs has issued a decree to limit the sale of petrochemical products by producers to Iran Mercantile Exchange.
Otherwise, producers will have to sell…
Business And Markets
Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.
Stocks extended their rally for the 11th day, capping their largest daily gain since October 17, as speculations on relations improving with the international community lured in traders on…
Tehran’s International Permanent Fairground will host the Seventh International Exhibition of Bitumen, Asphalt, Insulation and Related Machinery (BAIEX 2016) during January 22-25. The event is…
Iran Mercantile Exchange’s export trading board witnessed the supply of 45,000 tons of granulated iron ore by the Iran Central Plateau Iron Ore Mines Complex at the base price of $12 per ton on…
With the production of 35.8 million tons of iron ore in 2015, Iranian Mines and Mining Industries Development and Renovation Organization is ranked the world’s 16th largest producer of this…
The Informatics Services Corporation launched its newly Financial Management System (FMS) in Bank Ayandeh on Sunday. According to ISC website, the banking system has been using costly foreign…
The High Council of Construction and Architecture has banned the issuance of new permits for construction of high-rise buildings in Tehran, in response to the worsening air pollution crisis in the…
Lawmakers have criticized the government’s credit card scheme blaming the measure for the recent surge in the prices of two foreign brands of home appliances.
Improving financial discipline and financing strategy in the state-run economic sectors is a priority of the Central Bank of Iran, said Jafar Mehdizadeh, managing director of the bank’s economic…
The recent decision by the Saudi government to cut diplomatic and economic ties with Iran followed by similar moves by Bahrain and Sudan will not pose any major challenge to Iran’s vibrant gold…
The Export Development Bank of Iran offers export loans with rates between 16-21%, said Ali Salehabadi, the bank CEO, eximnews.ir reported. For regular loans the rate is 21% but for Musharakah…
An official with Bank Maskan (housing bank) has responded to earlier criticism by the deputy minister of roads and urban development who said the 18.5% interest rate on the newly initiated 600-…
Many producers of home appliances are on the verge of going bankrupt by March 2016 since there is virtually no customer for their products, says the head of Home Appliances Union.
Mohammad…
A couple of years ago, there was fear of damage to the global economy from rising commodity prices.
Apart from a brief but sharp plunge in 2008, when the world seemed to be falling apart,…
Tehran Stock Exchange’s overall index jumped 237.80 points or 0.53% to end Tuesday trade at 62,055.9.
More than 736 million shares valued at over $47 million were transacted to register a…
A member of the Iranian Society of Consulting Engineers has called for revising the manner in which construction permits are issued by shifting authority from the municipalities to the…
Lenders should offer housing loans with long-term repayment periods in order to lift the sluggish housing market, Hussein Abdo Tabrizi, an advisor to the minister of roads and urban development…
Heavy investment in real estate and business ventures is the primary reason behind the failure of Samen-al-Hojaj Credit Institution to meet its financial commitments to depositors.
The Majlis Research Center has voiced support for the healthy operations of interest-free institutions (aka Qarzol-Hasaneh) saying the presence of the small-scale financial institutions is “…
The Economy Ministry and a Danish bank have signed a memorandum of understanding (MoU) on banking ties, Foreign Minister Mohammad Javad Zarif said.
Following a request by the Central Bank of Iran, the Communication Regulatory Authority of Iran has banned unauthorized financial institutions from sending SMS ads. The CBI has also taken up…
Marine industries in Sistan and Baluchestan Province provide an investment bonanza, said the province’s governor general on Saturday.
The Central Securities Depository of Iran issued 19 new trading codes to foreign investors in the Iranian month ending December 21. According to SENA news agency, the sole registration entity and…
Iranian Aluminum Company produced more than 135,230 tons of aluminum ingots during the nine-month period of the current Iranian year (March 21-Dec. 21), indicating only a 0.13% drop in production…
The Russian Roststelmash Company, a producer of agricultural equipment, has expressed readiness to sell 150 vector combine harvesters to Iran, announced the company’s CEO, Valeriy Matsev, on…
