The Central Bank and Money and Credit Council should have enough authority to be able to set balanced and suitable interest rates in a way to mitigate the intermediary role of private banks, a…
Economy
The long and lengthy loan processing at banks is affecting most economic sectors and is due largely to the lenders’ limited resources, said Ali Asghar Mirmohammad Sadeghi, head of Central Bank of…
A network development specialist has said Iran ranks fourth in the world in web hosting by having 65% of popular sites visited most frequently by Iranian Netizens.
Iranian companies specialized in producing videogames can now register as knowledge-based firms. Iran Computer and Videogames Foundation and the Headquarters for Developing Soft Technologies…
Mobile Internet connections are officially the most common portal used in Iran, according to a new report from the National Internet Development Management Center.
Iranians…
The chief executive of South Africa-based mobile phone operator MTN has resigned over a $5.2 billion fine imposed on the company in Nigeria, the telecoms giant said in a statement on Monday.
Iranian and Malaysian research centers held the First International Workshop on Electrospinning: Research, Management and Commercialization in Malaysia.
Head of the Housing and Urban Development Research Center announced that Iran and Germany will establish a joint research center on housing and urban development.
Self-regulatory measures for supervising interest rates are among the banking industry’s priorities, Abdol Nasser Hemmati, head of the state-owned Banks’ Coordination Council said Monday.
A deputy industry minister announced that 5,000 people had applied for car loans on the first day of the loan scheme on Monday. Mojtaba Khosrotaj said that 99% of the applications asked for Saipa’…
The current payment system meets domestic needs but would be insufficient for addressing the demand of international transactions, said the head of Monetary and Banking Research Center, Ali…
A new amendment to the implementation of Article 20 of the Law to Remove Manufacturing Obstacles has eased the repayment of foreign currency debts to the Export Development Bank of Iran, the…
Capital Intelligence (CI), the international credit rating agency, has upgraded the long-term Foreign Currency Rating (FCR) of Export Development Bank of Iran (EDBI) to ‘B+’ from ‘B’, with the…
Reforming the economy’s finance structure is essential and doing so will help pave the way for decent economic growth, Akbar Komeijani, deputy governor of the Central Bank of Iran said late Sunday…
Russia has allocated a credit line worth $5 billion for its joint projects with Iran, announced Mahmoud Vaezi, the Minister of Communications and Information Technology and the Iranian head of…
Iran’s economy is likely to grow around 1% this year, thanks to government plans to stimulate the economy, the removal of sanctions and normalized relations with the global community, head of…
The Armenian market is mostly at the disposal of Chinese, Russian and European firms, making it highly competitive, therefore Iranian traders should exercise due diligence before entering the…
A 30-member Belgian delegation led by the Secretary of State for Foreign Trade Pieter De Crem and President of the Federation of Belgian Chambers of Commerce and Industry John Stoop were hosted by…
Tehran and Ankara have agreed to increase their annual trade from the current $13 billion to $30 billion in the coming years, IRNA quoted Iran’s commercial attaché to Turkey, Hamid Zadboum, as…
Volkswagen managers are worried about traveling to the US, a German newspaper reported, saying US investigators have confiscated the passport of an employee who is there on a visit.
Housing bubbles have burst and prices have returned to five years ago when accounted for the inflation rate. This signals end of the recession in the key sector and thus a boom is expected in the…
The Majlis Research Center in its latest review of the structure of monetary and credit policymaking, has emphasized the need for the independence of the Central Bank of Iran to successfully…
The decision on Saturday by senior bankers to lower deposit rates by two percentage points as of November 22 triggered reactions from analysts and economists demanding confirmation from the…
The Central Insurance of Iran company has asked insurers to respect the approved return of premium on life insurance policies following reports to the effect that some companies are offering…
German firms are advised to cooperate with Iran in textile and food industries, says René Harun, managing director of Iran-Germany Chamber of Commerce, adding that currently close to 30% of Iran’s…
