If the recent saga of woes crashing upon banks has had any hidden benefit for them, it should be the lessons they were taught in fair lending. After banks splurged the better portion of their…
Economy
Bank Mellat is willing to enhance cooperation with the oil and gas sectors, the bank’s CEO said.
Bank Mellat and the National Iranian Oil Company finalized a contract for the Kangan oil and…
In preparation for Iran’s economic momentum expected after the lifting of western sanctions in 2016, many foreign companies are heading to Tehran in search of lucrative business opportunities.
In the latest complication facing the much-hyped proposal to create a real-estate bourse, a senior government adviser argued that the heterogeneous nature of the housing market would restrict the…
More than 115,000 tons of commodities were offered on Iran Mercantile Exchange’s trading floors on Monday.
Tehran Stock Exchange’s downward spiral continued on Monday with the benchmark recording its lowest level in two years. The TEDPIX shed 225.20 points or 0.37% to end at 61,328.
Most experts and independent traders believe the stock market will remain flat for the remainder of the year before picking up in early 2016, with political and structural factors playing a prime…
More than 90 million securities were traded at Iran Fara Bourse on Monday valued at over $468.47 billion as the main index IFX retreated about 10 points or 1.48% to close at 672.12. Chahar Mahal…
Volkswagen AG ordered an external investigation after US regulators found software the carmaker designed for diesel cars gave false emissions data, CEO Martin Winterkorn said Sunday, adding he was…
Kia’s new Sportage, the fourth-generation of the sporty compact crossover, debuts in Frankfurt with a sport-inspired new look, a new sport-tuned transmission option, and a sport-styled GT Line…
Iran Khodro, the country’s largest vehicle manufacturer, will export Iranian cars to Tajikistan, according to a press release from the company.
Following earlier agreements between the two…
Auto production statistics released for the first five months of the current Iranian year (started 21 March) indicate that Iran's two leading carmakers, Iran Khodro and SAIPA, have produced 90% of…
A French delegation comprising 130 companies accompanied by the French ministers of foreign trade and agriculture, and agrifood and forestry are expected in Iran today. Representatives of car…
A new online system that will prompt drivers for their annual car road worthiness inspection has gone online.
With the new TID system, it is now possible to be informed of the expiry date…
A new milestone in the banking overhaul plan is now visible following Vice-President E'shaq Jahangiri's acceptance of a reform proposal from the Association of Private Banks, Parsian Bank CEO…
The official rate of the US currency has not undergone any significant change for 20 successive days, ISNA reported on Sunday. Dollar’s official rate had experienced substantial growth, reaching…
The Tehran Chamber of Commerce, Industry and Mining at the weekend hosted senior bankers as well as the former governor of the Central Bank of Iran to discuss lingering problems plaguing the…
The Governor of the Central Bank of Iran has taken stock of the impact of the July nuclear agreement between Iran and the world powers on banking and financial affairs and outlook for the key…
The housing market is not expected to climb out of recession by the end of the current Iranian year (March 2016) but could see some improvement next year, said a senior official at the Ministry of…
The gap between liquidity and deposit growth has been widening in the year that ended on March 20, statistics released by the Central Bank of Iran indicate, banker.ir reported. Although during the…
The mining sector, if developed and promoted, can help the government in achieving the 8% economic growth rate envisioned in the sixth five-year development plan (2016-21), said head of Iran’s…
The decision by the US Federal Reserve last Thursday not to raise interest rates comes at an opportune moment for Iran, as the country prepares itself for a post-sanctions world in which it aims…
More than 124 million securities traded at Iran Fara Bourse on Sunday valued at over $204 million, as the main index IFX retreated about 2 points or 0.3% to close at 682.22.
Isfahan Steel…
Iran Mercantile Exchange’s industrial and mining trading floor witnessed the offering of 76,000 tons of I-beams priced at 14,600 rials per kg and 2,640 tons of rebars priced at 179,406 rials per…
Tehran Stock Exchange’s nosediving trend continued on Sunday to reach its lowest level over the past six months, shedding 701.50 points or 1.13% to end at 61,553.2.
