Banking business in Iran has a long history and since its early days in 1887, the banking industry has undergone many reforms but none has so far been so definitive to stand the test of time.
Economy
Economy
T he Central Bank of Iran received 13 tons of its gold bullion blocked by sanctions, according to its Governor Valiollah Seif.
The issue was resolved on the sidelines of the nuclear talks…
Economy
Iranian banks’ illiquid assets must be sold to boost economic growth, said presidential advisor Akbar Torkan on Thursday.
“Around 50% of the country’s money supply are locked, including…
Economy
The government has tasked banks and credit institutions to prepare a list of their movable and immovable assets categorized as surplus and non-surplus. The list must be submitted to the Central…
Economy
Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour says growth in the industrial and mining sectors calls for improvement in market competitiveness and…
Economy
Ranked among 15 major mineral-rich countries for its 7% share of the global mineral resources, Iran is one of the most prominent mineral producers in the world endowed with a diversity of deposits…
Economy
Esfahan Steel Company exported 250,000 tons of products during the first quarter of the current Iranian year (started March 21), which indicates a 400% growth compared to the same period last year…
Economy
The stock market looks set to unleash its potential and get back on track amid upbeat news about a comprehensive nuclear deal with the benchmark surging more than 4 percent since June 13.
…
Economy
As marathon nuclear talks are making progress towards a final deal, investors’ optimism has sent domestic stock markets surging over the past two weeks, compensating for the benchmark’s long-…
Economy
Experts estimate it takes about 18-20 months to build a residential unit in Iran while the 2012 Survey of Construction by the Census Bureau indicated that on average, it takes about seven months…
Economy
The recent spread of bird flu in one of the villages of Mazandaran Province is to blame for the fall in the exports of chicken to regional markets, said deputy agriculture minister in livestock…
Economy
In a meeting between Minister of Agriculture Mahmoud Hojati and Ambassador of the Netherlands to Iran Jos Douma, the two sides discussed cooperation in the agricultural sector. “The Netherlands is…
Economy
A newly-established Iraqi transportation company has pledged to facilitate direct transfer of goods from Iran to Iraq, an official in Trade Promotion Organization announced, as reported by IRNA.…
Economy
According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the first quarter of the current Iranian year (started March 21) showed an 11.5% decrease…
Economy
The Islamic Republic of Iran Railways signed a contract with French designing company AREP on Wednesday for redesign, redevelopment and expansion of railroad stations in three major cities: Tehran…
Economy
Asian countries have emerged as Iran’s main trade partners amid western sanctions imposed against the country over its nuclear energy program. China currently tops the list of Iran’s business…
Economy
The cost of renovating Mehrabad International Airport is estimated at 5 trillion rials ($150 million at market exchange rate), including 1 trillion rials ($30 million) for resurfacing the…
Economy
Shirvan now has 3G coverage, said the CEO of North Khorasan's Telecommunications Company. Mohammad Salari added that with 3G coverage, call quality is expected to improve in the region, IRNA…
Economy
The secretariat of Islamic-Iranian Banquets has released a formal statement accusing the Mobile Telecommunications Company of Iran (Hamrahe-Aval or MCI) of intellectual infringement. MCI announced…
Economy
MasterCard will start experimenting with a new program by approving online purchases with a facial scan.
At checkout, customers will be asked to hold up their phone and take a photo.…
Economy
BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse…
Economy
Starting next Saturday, the 10,000-rial investment units of Sepehr Khobregan Naft, a new exchange-traded fund, will be sold at Iran Fara Bourse or the over-the-counter market. This is the first…
Economy
The economic deputy of the Ministry of Economic Affairs and Finance called on Wednesday for balancing the one-year deposit rate (20%) with the interest rate (14%) of home loans provided by Bank…
Economy
Governor of the Central Bank of Iran Valiollah Seif has given a mandate to provincial governors, asking them to help CBI fight stagflation and provide small business debtors with bailout loans.…
Economy
Trading of Parsian Bank’s shares was halted at the stock market on Wednesday due to the revision of earnings per share forecasts. According to Bourse Press, the lender’s symbol, Vpars,…
Economy
