The steel sector could become a viable alternative to the oil sector in terms of generating revenues, especially upon completion of the value chain in the steel sector, said the deputy chairman 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.
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A system designed to report bank loan collaterals will be launched in five months, said Mohammad Jalili, CEO of Customer Credit Evaluation Company.
Designing the system was proposed to…
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Five Iranian firms have attended Mobile World Congress, the world’s premier technology fair, in Barcelona, Spain. The four-day event, which will be underway by March 5, is the first global…
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Over a month ago the Central Bank of Iran issued a directive which added to prior limitations on currency trade in Iran’s foreign exchange market. Its aim was to increase the central bank’s grip…
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A new banknote was unveiled on Monday, replacing the nuclear energy sign with a depiction of Tehran University’s main gate on the note’s reverse. The new note will go into print in spring.
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The Iranian ministers of industry and finance have called on commercial banks to resume the opening of letters of credit (LCs) for domestic use, Eghtesad News reported.
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Based on a new resolution passed by the parliament on Sunday, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the Industrial Development and Renovation…
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Tehran Stock Exchange (TSE)’s overall index rallied at Monday’s close to end a 6-day rout, after the banking sector outperformed to pare part of its massive losses incurred within the past few…
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Nearly a month after the ministry of industry, mine and trade restricted the import of cars only to the official representatives of auto companies in Iran, new directives issued by Industry…
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The industrial and mining floor of Iran Mercantile Exchange (IME) featured close to 100 kg of various gold bullions offered by the Mouteh Gold Complex on Monday, IME’s Public Relations and Foreign…
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The sponge iron production unit of Chabahar Steel Plant will become operational by September next year, IRNA quoted deputy industry minister and director of Iranian Mines and Mining Industries…
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Bank staff get raise as Vice President Mohammad-Bagher Nobakht has given a special order approving a salary raise for state-owned bank employees as of Feb. 2, right a month before the Iranian year…
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A senior monetary official on Monday warned credit institutions against disrupting the currency market.
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Commercial banks are to blame for sanctions influencing import of food and medicine, according to IRNA, citing an official with Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA…
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Bankers should use next year’s expected inflation for offering interest rates, Bank Melli CEO proposed.
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The government has suggested it may allow US internet giants like Google to operate in the country if they respect the laws, Fars news agency reported, citing a senior official.
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A member of an influential committee on technology in the Iranian capital has stated that the reason most people choose to ignore locally made search engines –like yooz.ir – is because of people’s…
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Iran Mercantile Exchange (IME)’s industrial and mining trading floor featured various commodities offered by the National Iranian Copper Industries Company (NICIC) on Sunday. The IME …
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Based on a new joint venture contract signed by Iran Khodro Industrial Group (IKCO) and the French giant carmaker Peugeot, the European side is required to export 30% of the jointly manufactured…
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Deputy Minister of Industry, Mine, and Trade, Hossein Abooei Mehrizi predicts a growth of 5-6 percent in the industrial and mining sector for the current Iranian calendar year (to end March…
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It has been a few months since companies with the highest market cap have been failing at the Tehran Stock Exchange, dragging down the TEDPIX to notch new record lows, and inflicting heavy losses…
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“If you are seeking residency in your dream country, contact us, and make the best investment of your life…”
A quick browse through Persian-language networks abroad and you will see…
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The rial lost 30 percent of its value in 2014, according to a recent World Bank report. The Iranian currency stood closely after Argentina’s peso, which lost 32.1 percent of its value in the same…
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C entral bankers are the lords of economy and finance. This is true for the world’s top central banks like the Fed, ECB, BOJ and BOE or the SNB. The Swiss National Bank’s recent move to abandon a…
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The rial rose against all major currencies on Sunday. The US dollar was down 10 rials or 0.3 percent at 08:30 GMT to 34,240 rials. The euro’s fall was less noticeable, dropping 40 rials or 0.1…
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