The head of Tehran Builders’ Association says new schemes by the Central Bank of Iran and the Ministry of Roads and Urban Development will channel more money into production sectors that in turn…
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.
Diesel-fueled vehicles without insurance cover have been banned from buying subsidized diesel as of July 22. Transportation and Fuel Management Organization had warned 54,000 commercial…
The Export Development Bank of Iran is offering cheaper loans to creditworthy exporters, EDBI website reported on Saturday. Exporters with an ‘A’ rating or higher , members of…
Sri Lanka’s cash-strapped national carrier is in talks to lease some of its new Airbus aircraft to Pakistan and Iran to reduce a $1 billion loss, a minister said Thursday.
Referring to the unreasonable salaries paid to senior officials and executives, now infamously referred to as “astronomical salaries”, a member of Majlis Legal and Judicial Commission said all…
Majlis and its Economic Commission will decide about details of Iran’s agreement with the Financial Action Task Force, said Ammer Kabi, a member of the commission.
“Iran’s commitments to…
Mobarakeh Steel Company plans to expand steel production capacity by more than 10 million tons per year by the end of November, the managing director of MSC said. Bahram Sobhani added that this…
The annual earnings season for Iran’s exchange-listed companies ended on Thursday, while 10 major commercial lenders’ shares remained closed for trading, as they failed to hold their general…
In a significant development for Indian garment exporters, Iran has agreed to slash import duties on Indian textile products by 20-25% in two years.
Iran has signed a memorandum of…
Tehran Stock Exchange's main index gained 420.20 points or 0.56% to end Saturday trade at 74,934.3.
More than 585 million shares valued at $36.6 million changed hands for the day.
…
Iran is the second leading producer of lead and zinc in the Middle East and North Africa region after Turkey, according to a report recently published by the US Geological Survey on Iran’s nonfuel…
Referring to unreasonably high salaries of some senior officials, the president of the Central Insurance of Iran said a part of the wages, perks and bonuses plus huge loans outside the norm of the…
The CEO of the Export Development Bank of Iran says the improved business climate and implementation of the Joint Comprehensive Plan of Action largely contributed to Iran’s long-awaited OECD…
The Central Bank of Iran remains focused on and committed to lower interest rates and wants to reduce it further to single digits in line with the rate of inflation, said the bank’s governor…
SACE, the Italian export credit agency says its cover for trading with Iran has reached €2.5 billion since the lifting of sanctions in January.
According to Marco Feriolli, head of the SACE…
Iran has bought 60,000 tons of Brazilian raw sugar, adding to an earlier purchase this month as the Islamic Republic steps up imports.
Iran’s state buyer the Government Trading Corporation…
Plans are underway to construct 2,500 kilometers of highway and 770 kilometers of railroad across the country by the end of the current Iranian year (March 20, 2017), Deputy Roads and Urban…
Iran produces rare-earth elements on an experimental scale.
Equities rebound from four-month lows, as low prices spurred bullish bets in the fourth Iranian month of Tir (ending July 21), but the advance was slow due to poor market prospects.
Demand…
The removal of sanctions provided an opportunity for Iranian automotive industry not only to recover but also reach new heights.
A large number of international car brands rush to come back…
Iran and Japan have signed a document to increase cooperation in the transportation sector.
The government has called for completing the infrastructure for the Mehr Housing Project, for which “ten trillion rials ($323.8 million) will be raised through Islamic bonds and will be given to…
The government allowed the Central Bank of Iran to repay 9.88 trillion rials ($321 million) to the International Monetary Fund for settling Iran’s debts to the Washington-based lender. The amount…
In a letter to the CEO of Parsian Bank, the Central Bank of Iran approved an increase in the bank’s capital. Founded in February 2002 as a nongovernment bank, the lender previously had a capital…
German bankers have expressed enthusiasm in establishing normal banking links with Iran, the governor of the Central Bank of Iran says.
