Insurance companies that fail to meet the minimum capital requirement will be merged by the end of the next Iranian fiscal year (March 2018), said the president of the Central Insurance company of…
Business And Markets
<p>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.</p>
Following the Central Bank of Iran’s official authorization, Bank Saman and Bank Saderat Iran became the first banks to start offering foreign exchange services. In a statement, the International…
Out of consideration for US laws, German banks hold back on the financing of lucrative trade with Iran despite the federal government’s push to expand trade with the Islamic Republic, a German…
The deputy head of the Monetary and Banking Research Institute rejected claims that the entry of banks in the open foreign exchange market could push them into unwanted and unhealthy market…
Despite the fact that Iran’s steel industry has changed significantly over the years of international isolation, the major transformation is still on the way as there is a bold plan to triple…
Tehran Stock Exchange’s main index gained 442.40 points or 0.58% to end Tuesday trade at 77,089.8.
More than 925 million shares valued at $56.9 million changed hands for the day.
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PGt Advertising, one of Iran’s leading advertising and marketing communications solutions agencies, and UK-based Grayling, a leading global communications network, have signed an agreement to…
The US late on Friday issued a license allowing foreign carriers to fly to Iran without fear of violating US sanctions.
A technical rule of the US Treasury Department’s Iran sanctions…
In a meeting with delegates from HABITAT (United Nations Human Settlements Program), the head of the Department of Environment counted “support of activities in sustainable urban development”…
South Korean companies will be able to settle accounts with their Iranian counterparts in the euro currency instead of the local won from as early as September, allowing more convenient monetary…
The former head of Tehran Chamber of Commerce, Industries, Mines and Agriculture believes Iran’s economy is “bank-oriented,” which makes banks the usual suspects when things go awry.
“The…
Export Guarantee Fund of Iran will start covering the risk of fluctuations in foreign exchange rates to exporters from next month, EGFI director, Kamal Seyyed Ali said on Monday.
“Forex…
Tehran Stock Exchange’s main index gained 67.70 points or 0.09% to end Monday trade at 76,647.4.
More than 1.2 billion shares valued at $65.9 million changed hands for the day.
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The direct-reduced iron plant of Neyriz Steel Complex will become operational in the second half of the current Iranian year (ending March 20, 2017), said the head of Iranian Mines and Mining…
Local companies are planning to use the boom expected in Iranian industries and expand steel rolling capacities, which will increase competition inside the country and put pressure on foreign…
The Joint Comprehensive Plan of Action between Iran and world powers was finalized on July 15, 2015, adopted on October 19, 2015 and implemented on January 16, 2016 (Implementation Day).
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In a meeting between the Iranian ambassador to Bucharest and the deputy governor of the central bank of Romania, the two sides discussed forming a joint economic committee to expand banking and…
The deputy minister of roads and urban development said Sunday local city administrations are too dependent on taxes as municipalities generate a significant portion of their annual earnings from…
Britain’s vote to leave the European Union and the rise of US presidential nominee Donald Trump have paralyzed efforts by western governments to encourage already highly reluctant international…
President Hassan Rouhani Sunday appointed Ahmad Doust Husseini to head the National Development Fund of Iran, the government’s official website reported. Doust Husseini is a former deputy minister…
The Central Bank of Iran on Sunday officially allowed banks to start trading in the open hard currency market in line with its declared aim to unify the forex rates. Given the history of similar…
The Central Securities Depository of Iran—the body in charge of handling securities—is processing 792 billion rials ($22.5 million at market exchange rates) as interest for 15 Islamic bonds or…
Zarhsouran Gold Mine produced 137 kilograms of gold ingots during the first four months of the current Iranian year (started March 20), which indicates a fourfold increase compared to the similar…
The implementation of Iran’s nuclear deal with the P5+1 group of countries, which is known as the Joint Comprehensive Plan of Action, and removal of sanctions imposed on Iran will affect Iran’s…
Tehran Stock Exchange’s main index gained 354 points or 0.46% to end Sunday trade at 76,579.7.
More than 1 billion shares valued at $76.1 million changed hands for the day.
Pelasco…
