Subsidizing hard currency to import goods cannot curb illegal imports but rather creates the groundwork for corruption and waste, director for Money and Capital Market of Tehran Chamber of…
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.
Iranian banks and credit institutions hold the largest amount of assets ($518 billion) compared to other Islamic banks across the world, the chairman of Iran Banking Institute said at the weekend…
Gold prices in Tehran have experienced odd Sunday spikes for three weeks in a row. Despite dipping prices in global markets and the relative stability in foreign exchange rates, benchmark bullion…
A decision has been made and the resources are available for raising the ceiling of usury-free loans to small businesses but the necessary permission from the CBI is lacking, the CEO of Mehr Iran…
Managing director of the Cooperative Development Bank said Sunday the bank is willing to lend $1.3 million to knowledge-based cooperatives. Muhamad Ali Sahmani told a meeting that banks have…
The insurance company ‘Ma’ introduced its new managing director on Monday who said he wants to boost the company’s capital by 150%. Majid Safdari replaced Muhammad Ali Alipoor who resigned last…
Iran, China, Russia, the US, Brazil and South Africa are the only countries to tap into electric arc furnace technology in their blast furnaces, said the caretaker of Kashan Governor’s Office…
A bumpy ride at Tehran Stock Exchange on Sunday ended with TEDPIX picking up 9.6 points or 0.01% to close at 64,506.6.
Close to 51,000 tons of vacuum bottoms from four local suppliers were offered on Iran Mercantile Exchange’s oil and petrochemical trading floor on Sunday.
As IME reported, the floor also…
CEO of National Iranian Copper Industries Company, Ahmad Moradalizadeh, in the opening ceremony of the second phase of Sarcheshmeh Copper Complex concentration units, said the new development…
Cooperatives in rural areas will be eligible for loans amounting to four times their deposit(s) with 3% interest rate, deputy to First Vice President Isha’q Jahangiri said.
Capital markets will not grow of their own accord unless economic reforms are introduced and required infrastructure is in place, head of the Money and Capital Market Committee of Tehran Chamber…
Governor of the Central Bank of Iran Valiollah Seif Saturday renewed his pledge to allow the market pressure play a key role in setting the value of the rial. Seif criticized moves by the previous…
Head of the Audit Organization Akbar Soheilipour on Sunday expressed alarm at the insignificant number of Iranian companies whose books had been audited after they had filed their tax return with…
Central Bank of Iran data shows money supply by the end of the first quarter of the Iranian fiscal year (started March 21) grew to $272 billion ( 816,000 billion rials) marking a 22.7% year-on-…
Mehr Housing units will be completed by March 2017 the deputy minister of roads and urban development said at the weekend. Ahmad Asghari Mehrabadi made the statement during an inspection tour of…
Japan and Iran will begin negotiations on Monday in Tehran to conclude a bilateral investment treaty, the Japanese Foreign Ministry has announced.
Control over foreign exchange by the government, as the main holder of hard currency reserves, has impeded the setting up of a forex bourse in Iran, a member of the Majlis Economic Commission said…
Deputy minister of roads and urban development says in light of the arguments made by builders, construction companies, architects and experts at the ministry, the Majlis passed a law…
As the world powers get ready to lift sanctions on Iran, a top banker in the UAE said the banks have to carefully understand this change as they prepare to relax their systems and enable the…
The Central Bank of Iran and Securities and Exchange Organization have tentatively agreed to launch a “secondary mortgage market” for the first time. The decision, which will be announced in the…
Bank Saderat Iran will finance six large industrial projects under its goals to contribute to infrastructure development. BSI will finance the projects mostly in the energy sector. Loans will be…
Bimeh Iran will reimburse its debts owed by the Education Ministry and the Martyrs’ Foundation, the minister of economic affairs and finance said. “We did not have any real concerns about…
More than 42,000 tons of bitumen were offered on Iran Mercantile Exchange’s export trading floor on Saturday. As IME reported, the floor also played host to 100 tons of roof insulation.
After days of sluggish trade at Tehran Stock Exchange, the overall index TEDPIX was boosted by banking sector’s outperformance on Saturday and rose 220.79 points or 0.34% to settle at 64,497.
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