A banking expert has recommended lowering lending rates in gradually to make it more effective and prevent a possible run on the banks and flight of capital from the lenders to high-yielding but…
Economy
Economy
Japan is seeking establishment of banks in Iran, while the two countries’ banks are already trading in yen, said Reza Nazar-Ahari, Iran’s ambassador in Tokyo, on Friday. “Japan’s Prime Minister…
Economy
Iran’s central bank is preparing to set up a “bad bank” to cleanse its financial system of a vast pile of toxic loans after studying the models used by Sweden, Japan and South Korea.
Economy
Thomas Hugger, CEO and fund manager of Asia Frontier Capital, recently travelled to Iran to attend a conference.
AFC is an investment company headquartered in Hong Kong and Cayman Island.…
Economy
Sefidabeh Antimony Complex, Iran’s first antimony production plant, started production during the visit of Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh’s visit to Sistan-…
Economy
The Iranian government started moving towards market economy by privatizing its vast industrial holdings over a decade ago. But the effort was marred by corruption and the stakes ended up in quasi…
Economy
Tehran Stock Exchange’s main index TEDPIX added 614 points or 0.79% during the week that ended March 9 to close at 78,312.
More than 10 billion shares valued at $775 million were traded in…
Economy
Following the removal of sweeping trade sanctions against Iran, National Iranian Copper Industries Company is open to international investment, according to NICICO’s planning and supervision…
Economy
Imports from China during the 11 Iranian months ending Feb. 19 stood at $9.3 billion, according to the deputy head of Trade Promotion Organization of Iran.
Economy
A senior Iranian official said economic exchange worth $1 billion a year between Tehran and Kiev is within reach, given the determination of government officials and the potential of the two…
Economy
Iran-Germany Economic Commission will convene on May 2-4, after a 14-year gap, says Iran’s Ambassador to Germany Ali Majedi. Sigmar Gabriel, Germany’s vice chancellor and minister of…
Economy
Iran did not import wheat in the current Iranian year (ending March 19) and it is estimated that next year 2 to 3 million tons of the grain in excess of the domestic production will be exported,…
Economy
Two Chinese firms are pushing for multibillion-dollar deals with Iran to build a high-speed railroad and modernize its shipping fleet following the lifting of sanctions against Tehran, Reuters…
Economy
Taiwan has long sought to portray itself as a major player in East Asia and recent talks with Beijing have not tempered Taipei’s enthusiasm to build on its prior successes to act unilaterally and…
Economy
On March 10, Apple sent out press invites for a March 21 event at the company’s Cupertino headquarters in California. Apple did not share its plans for the event, but the company offered a vague…
Economy
Businessmen from Iran and Turkey will attend a forum at the headquarters of Trabzon Chamber of Commerce known by its Turkish acronym TTSO in Trabzon on March 11 to discuss potential trade…
Economy
Foreign banks are slowly starting to reengage with Iran’s Middle East Bank after international sanctions were eased in January, although it will be months before all snags are resolved, the bank’s…
Economy
Mortgage interest rates have been lowered by one percentage point, Bank Maskan’s CEO announced. Hashem Botshekan added that mortgage rates for the housing saving account have been lowered from 14…
Economy
The rise in housing loan ceiling is a step forward in helping the people buy their own homes, the head of Tehran’s Association of Realtors said.
Economy
A senior banking official has predicted that another interest rate cut is likely at the beginning of the coming fiscal year (starting March 20), describing the two previous rate cuts…
Economy
Central Bank of Iran Governor Valiollah Seif asked the Slovak Minister of Economy Vazil Hudak to help restore Iran’s credit rating in the EU to pre-sanctions levels.
Economy
The FinTech Trig-Up event wrapped up this week at Khatam University, affiliated with Bank Pasargad, with top innovators receiving cash prizes.
FANAP ICT Company, affiliated to Bank Pasargad…
Economy
A cargo of smuggled fruit weighing 27 tons was destroyed in Tehran on Wednesday after it was found to be carrying health risks by health inspectors.
Economy
Some 11,000 tons of livestock were exported from the port of Shadegan on the Persian Gulf coast over the 11 Iranian months ending March 19, according to Ports and Maritime Organization of…
Economy
A memorandum of understanding was signed by Iran’s Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Slovakia’s Minister of Economy Vazil Hudak to establish a joint economic…
Economy
