In light of Iranian banks’ expanded international role in the post-sanctions era, the volume of Bank Melli Iran’s forex transactions exceeded $3 billion during the first 100 days of the second…
Economy
Economy
Six Iranian lenders are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’ Excess Assets, aka…
Economy
The minister of communications and information technology has announced that Iran's infrastructures are ready for the implementation of digital banking.
Economy
The development of Islamic financial system in the Muslim world and the use of science, technology and innovation within the framework of Islamic finance to boost sustainable development were…
Economy
Governor of the Central Bank of Iran Valiollah Seif has again backed the possibility of mergers in the Iranian banking industry that badly needs reforms to address its many challenges. Seif also…
Economy
A total of 98.14 million tons of oil and non-oil goods were loaded and unloaded in Iranian ports during the eight months of the current Iranian year (March 21-Nov. 21), the managing director of…
Economy
The Iranian debt market is struggling to grow while grappling with the traditional dominance of large banks in terms of financing.
It also suffers from a lack of transparency and…
Economy
The Eighth Iranian Steel Market Conference is only a few months away and Iranian government officials and industry players convened on Saturday to review ISMC 2018’s agenda and general outlook…
Economy
Tehran Stock Exchange’s main index gained 144.50 points or 0.16% to end Saturday trade at 91,296.7.
About 589 million shares valued at $86.38 million changed hands for the day.
…
Economy
Volvo Trucks plans to sell its FH16 heavy-duty truck in Iran that will be imported in collaboration with SAIPA Diesel company.
SAIPA Diesel deputy marketing manager Ahmad Heidari says, “…
Economy
Auto parts imports jumped 83% year-on-year during the first eight months of the current fiscal that ends in March. Data published on the website of the Islamic Republic of Iran Customs…
Economy
General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of…
Economy
Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with…
Economy
In line with efforts to renovate petrochemical plants, Nouri Petrochemical Company in southern Bushehr Province has started to upgrade its equipment and facilities in cooperation with two French…
Economy
South Korean rolling stock manufacturer Hyundai Rotem signed a contract worth €720 million with the Islamic Republic of Iran Railways on Saturday to produce 450 suburban railbus wagons in Iran…
Economy
Capital Intelligence Ratings (CI), the international credit rating agency, has affirmed Saman Bank's both Financial Strength Rating as well its long- and short-term Foreign Currency Ratings at '…
Economy
The Central Bank of Iran has outlined the policymaker's most important measures during the first 100 days of the second tenure of President Hassan Rouhani that began in August.
Economy
In line with developing economic and political relations, Iran and Belarus are to expand their banking cooperation, it was announced in a meeting between First Vice President Es’haq Jahangiri…
Economy
Bank Ghavamin has been pursuing measures that will bear fruit in the next fiscal year (starting March 20, 2018) and allow it to engage in international and foreign exchange transactions for the…
Economy
The average Producer Price Index in the 12 months ending Nov. 21, which marks the end of the Iranian month of Aban, increased by 9.4% compared with last year’s corresponding period, according to…
Economy
Tehran Stock Exchange’s main index TEDPIX added 1,813 points or 2% during the week that ended on Nov. 29 to end at 91,152.2.
The main index of the smaller over-the-counter exchange Iran…
Economy
Foreigners will soon be able to travel to Arvand Free Trade Zone without a visa, the deputy head of Free Trade Zone Organization, Abdollah Ka’bi, said. According to the official, the move is…
Economy
China is financing billions of dollars’ worth of Chinese-led projects in Iran, making deep inroads into the economy while European competitors struggle to find banks willing to fund their…
Economy
The 20th edition of Isfahan Handmade Carpet Exhibition is in full swing. The event opened at Isfahan International Permanent Fairgrounds on November 30 and will run through December 6,…
Economy
Iranian Vice President for Women and Family Affairs Massoumeh Ebtekar and President of Estonia Kersti Kaljulaid met in Iceland on Thursday, calling for expansion of mutual relations and…
Economy
