Tose’e Ta’avon Bank (Cooperative Development Bank) is set to allocate 42 trillion rials ($1.12 billion) in loans to the cooperatives sector, the bank’s CEO announced.”Fifty trillion rials ($1.33…
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>
Recent measures taken by the administration of President Hassan Rouhani to thicken the capital cushion of state-owned banks have reduced the deposit risk of the housing sector’s agent bank, a…
The Cabinet has approved new tax regulations concerning a host of housing activities during its latest meeting on Wednesday, which replace the old tax laws with more pragmatic and precise ones,…
Offering SAIPA’s Kia Cerato on Iran Mercantile Exchange is the first step toward breaking the auto market monopoly in Iran, the chairman of Majlis Economic Commission said.
“This will bring…
Tehran Stock Exchange’s main index lost 755 points or 0.9% during the week that ended June 7 to close at 79,758.
The smaller over-the-counter Iran Fara Bourse’s benchmark, IFX, also shed 15…
The government is thinking of splitting up three ministries.
The pursuit of transition to a knowledge economy in the context of low foreign direct investment is one of the main challenges facing President Hassan Rouhani since his reelection on May 19, 2017…
Iran’s biggest holding in the mining sector, the state-owned Iranian Mines and Mining Industries Development and Renovation Organization has received ISO 9001:2008 from the Germany-based DQS…
Domestic production in Iran is highly subsidized by the state, which is borne out by the fact that the country is not a member of World Trade Organization and the significantly high tariffs it…
Parliament Speaker Ali Larijani has called on Majlis Article 90 Commission, which handles complaints, to follow up the case of two credit institutions.
Larijani ordered a probe into…
A Central Bank of Iran official has denied any downside resulting from the country's decision to ditch the US dollar in its official statements, saying the minor role of the greenback in Iran's…
The difficulty in transferring foreign exchange belonging to Iranian petrochemical companies from China has nothing to do with banking problems, the Central Bank of Ira’s governor said. “…
A commercial and industrial delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to visit Belgium and Luxembourg from July 11 to 14.
The chamber’s…
Major Iranian mining companies produced 56.44 million tons of mineral products during the first two months of the current fiscal year (started March 21), registering a 9% growth compared with…
Trading in animals and birds is lucrative for smugglers across the world and Iran is no exception.
Tehran Stock Exchange’s main index lost 535 points or 0.67% to end Wednesday trade at 79,758.5.
TEDPIX’s freefall started at around 10:55 a.m., when two terrorist attacks hit the capital—…
In its latest Global Economic Prospects report, the World Bank has slightly lowered its forecast for Iran's real GDP growth up until 2019, while putting the inflation rate at double digits for…
Bank Maskan is determined to continue doling out mortgage loans as part of the Housing Savings Account scheme, the head of Bank Maskan’s public relations office announced.”Housing Savings Account…
The process of transferring foreign exchange to other countries might solely become the jurisdiction of exchangers due to the recent disputes with Halkbank and Emirati banks, a banking expert said…
The Central Bank of Iran has released the names of 40 registered banks and credit institutions active in the country, which include the names of five foreign banks mostly based in Tehran and Kish…
Tehran Stock Exchange’s main index shed 13.70 points or 0.02% to end Sunday trade at 78,205.1.
More than 1.1 billion shares valued at $70.6 million changed hands for the day.
Iran…
India’s National Aluminium Company Ltd., otherwise known as NALCO has put all its overseas projects on hold, including one in Iran, to focus on expanding domestic capacity, its chairman has said…
Major Iranian steelmakers exported 571,888 tons of semi-finished and finished steel products in the second month of the current Iranian year (April 21-May 21), registering a 24% drop compared with…
Iran’s trade with China, which had been registering deficits over the last decade, marked a turning point in the first quarter of 2017.
Iranian exports to its top trade partner saw a sharp…
At the helm of a commercial delegation, President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei will head for Croatia on July 4 for a four-day visit, ICCIMA’s…
