Business And Markets

Bank Melli Iran, the country's largest commercial lender, is set to establish a company tasked with recovering its non-performing loans, announced a member of the state-owned bank's board of…

Bank Melli Iran’s Hamburg branch has conducted transactions worth €11 billion ($12.3 billion), noting that the bank’s activities soared after economic sanctions against Iran were lifted in January…

The unique conditions of Iranian economy, especially its low amount of foreign debt, help attract foreign investments, a deputy economy minister said.

Tehran Stock Exchange’s main index lost 306.60 points or 0.38% to end Monday trade at 79,564.1.

About 354 million shares valued at $20.1 million changed hands for the day.

SAIPA…

A total of 1.5 million tons of minerals have been extracted from Chaharmahal-Bakhtiari Province’s mines so far in the current Iranian year (started March 21), said Behzad Ebrahimi, the head of…

Iran has high long steel production capacity, small output and low exports. The scenario for flats is the exact opposite, which is testament to Iran’s unbalanced steel sector.

Iran Airports Company registered 84,043 takeoffs and landings in the first two months of the current Iranian year (March 21-May 21), which shows an 8% rise compared with the similar period of…

Central Bank of Iran’s Governor Valiollah Seif met with his Syrian counterpart on Sunday to review banking ties and discuss further cooperation to finance economic projects.

A total of 21.19 billion transactions were registered in the Iranian interbank information transfer network, or Shetab, in the previous fiscal year that ended in March, according to the…

Governor of the Central Bank of Iran Valiollah Seif has denied reports about Iranians having any problems regarding their bank accounts in Turkey, stressing that banking relations between the two…

Oberbank, one of Austria's biggest banks, has allocated a €1 billion ($1.2 billion) line of credit to finance investment projects in Iran, Austria's finance minister announced…

Tehran Stock Exchange’s main index gained 15 points or 0.02% to end Sunday trade at 79,870.7.

About 450 million shares valued at $47.51 million changed hands for the day.

Derakhshan…

The Central Securities Depository of Iran issued 17 trading codes for foreign investors in Iran’s capital market during the second month of the current Iranian year (ending May 21).

Investors warmly greeted the underwriting of the Iranian capital market’s first exchange-traded commodity on Iran Mercantile Exchange, as 80% of the units offered by Lotus Gold Fund were sold on…

Iran’s sportswear market is mainly dominated by foreign products.

Many Iranian sports teams and athletes tend to regard foreign brands as their first choice when it comes to sports clothes…

Buying activity in the Iranian flat steel import market dropped last week amid limited demand from pipe and profile industries.

Reduced working hours due to the Muslim fasting month of…

The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek to support…

Saman Bank is now able to transfer money to European banks without any hurdle, the bank’s website has announced.”According to agreements, money transfer for different purposes, including for…

The possibility of mergers in the Iranian banking system accelerated with the recent announcement by the Central Bank of Iran’s Governor Valiollah Seif that the motion could be used as a solution…

The Financial Action Task Force–the global body that monitors money laundering worldwide–will have Iran on top of its mind when it convenes for its forthcoming plenary and working group meetings…

Western manufacturers are shying away from supplying equipment for an Iranian port that India is developing due to the uncertainty over US policy vis-a-vis Iran, Indian officials say, dealing a…

Tehran Stock Exchange’s main index TEDPIX notched up 3.90 points or 0.12% to close Monday trade at 3,163.8.

Over 2.3 billion shares valued at $173.2 million were traded, with the number of…

The Indian government approved on Thursday a memorandum of understanding signed by Iran’s Securities and Exchange Organization and Securities and Exchange Board of India back in November.

Iran’s capital market witnessed the underwriting of its first investment fund with Bahar Azadi Gold Coin as its underlying asset on Saturday. Offered by Lotus Investment Fund, Lotus Gold Fund’s…

Three ministries have been added to the list of official entities mandated to freely provide financial data to businesses and citizens alike, as part of the Freedom of Information Access platform…