Business And Markets

Negotiations with big credit card issuers, namely Visa and Master Card, are underway to introduce their cards to Iran’s market, the CEO of Shaparak payment and settlement network said on…

The newly-raised mortgage is not only much bigger than the previous ones, it also provides a valuable opportunity for families, especially first-time buyers, to purchase a house, a deputy minister…

Global transaction network SWIFT is now linked to Bank Mellat’s Armenia branch, Bank Tejarat’s Dushanbe branch, Bank Melli’s Baku branch and Bank Melli’s Iraq branch, according to a senior…

Investors interested in developing new towns might put up their money either for constructing a whole town or developing their infrastructure, including roads, hospitals, schools and recreational…

Seoul is revving up efforts to restore economic ties with Iran, as the resource-rich Middle East state is generating fresh business opportunities after the lifting of sanctions earlier this year,…

Tehran Stock Exchange’s main index TEDPIX surged 17688.1 points or 28.3% during the current Iranian year (ending March 19) to close at 80,219.1.

Nearly 170 billion shares valued at $9.8…

Stocks, bonds and mutual funds. When foreign investors eye Iran as the biggest opportunity since the collapse of the Soviet Union 25 years ago, they first look at liquid investments.

A total of 137 foreign companies held talks with the Iranian Mines and Mining Industries Development and Renovation Organization for investment in the Islamic Republic’s mining and industrial…

One of Europe’s largest manufacturers of generic drugs, Chemo Company, has signed an agreement with the Barkat Pharmed Company to invest in one of the subsidiaries of the Iranian pharmaceutical…

Russian Energy Minister Alexander Novak said Moscow may provide Tehran with a loan for infrastructure projects totaling $2.5 billion, although a final decision on the amount and terms of the loan…

A senior official has listed the challenges facing Iran’s insurance industry while discussing its prospects.

In an interview with Financial Tribune’s sister publication, Tejarat-e-Farda,…

Parliamentarians on Tuesday passed a law to make it compulsory for foreign nationals based in Iran to have casualty insurance during their stay in Iran. According to Risknew.ir, the Central…

The Iranian Money and Banking Scientific Association was launched on Tuesday to promote human resources training and conduct research projects. Having experienced bankers and banking experts on…

Iran’s banking system has established relations with 264 foreign banks since the lifting of the sanctions on January 16, said the governor of Central Bank of Iran late Monday.

“During this…

Tehran Stock Exchange’s all-share index lost 199.20 points or 0.25% to end Tuesday trade at 80,037.5. Steel, copper and oil companies dragged down the TEDPIX the most.

Over 2.4 billion…

In the past two and a half years, the Islamic Republic of Iran Customs Administration has carried out major reforms to improve its services and reduce the time for following customs procedures to…

Investment is an art, some say. It is a science, others contend. What really matters, however, is the returns.

Money managers tell us they are worth the fees they charge and claim they know…

Eihbank has opened €480 million worth of credit for Iranian banks since the lifting of the sanctions on January 16.

Bank of Industry and Mine, Eihbank’s major shareholder, accounts for €108…

When President Hassan Rouhani took office in 2013, he promised to put the economy back on track and had no choice but to tackle a hyperinflation, a severe recession and international sanctions…

An economist with the prestigious Sharif University of Technology believes bank ratings would be of no use if the Central Bank of Iran fails to publish the results and put them into effect.

Bank Sepah launched a new banking system for handling its foreign exchange operations. The platform, developed by Pooya Company, enables the bank to manage accounts based on international rules,…

Plans are underway to connect Iran and South Korea’s stock exchanges, announced Mohammad Fetanat, the head of Securities and Exchange Organization of Iran, during a meeting with the…

The government redeemed holders of its first batch of Islamic Treasury Bills this week, paying bond holders 5.58 trillion rials ($164 million at market exchange rate) in the process.

Tehran Stock Exchange’s main index TEDPIX advanced 870.20 points or 1.10% to close Monday trade at 80,236.7. Steel and mining companies as well as telecoms were the main driving force behind the…

According to South Korea’s Ministry of Oceans and Fisheries, the Islamic Republic of Iran Shipping Lines will start operating a 5,000-ton container ship to Busan Port once a week starting next…