India will settle its $6.5 billion oil debts to Iran through Turkey’s Halkbank, said India’s ambassador in Tehran, Saurabh Kumar on Saturday.
Economy
Economy
A member of Tehran’s Chamber of Commerce, Industries and Mines says easing of the recession in the housing sector should not be expected anytime soon. Contrary to most observers, he says the…
Economy
Kosar Credit Institution has reemphasized the importance of government financial support for increasing the capital of commercial banks as crucial to energizing the banking industry.
Economy
Conditions are right for establishment of foreign bank branches and correspondent offices in Iran, governor of the Central Bank of Iran Valiollah Seif, said Saturday.
“Foreign banks are…
Economy
Bank Parsian this week held a conference on “Challenges Iranian Businesses Face in Upgrading to International Financial Reporting Standards” in Tehran. According to the lender’s website, the event…
Economy
Munich Re and Iranian Insurance Syndicate held a joint training seminar for insurance experts and company directors in Tehran to improve Iranian insurers’ technical knowledge, especially in…
Economy
The 23rd International Food, Beverage, Packaging Technology and Food Ingredients Trade Show will be held in Tehran’s International Fairground on May 30-June 2. More than 600 exhibitors from 37…
Economy
Pakistani rice exporters have booked new orders to export around 30,000 tons of rice to Iran after a gap of more than six years, Chairman of Rice Exporters Association of Pakistan Chaudhry…
Economy
The export of Iranian dairy products to Iraq has been on the decline since the beginning of the current Iranian year (started March 20), according to Reza Bakeri of Iran Dairy Industries…
Economy
The import of sugar, vegetable oil and wheat is temporarily permitted on condition that these are processed inside the country and reexported, Iran’s Agricultural Jihad Minister Mahmoud Hojjati…
Economy
Iran’s Economy Minister Ali Tayyebnia sought to reassure foreign investors that the Iranian market is a sound option.
Economy
Investors from Turkey will build at least 10 hotels in Iran, as part of an agreement signed during Turkish Culture and Tourism Minister Mahir Unal’s official visit to Tehran on Thursday.
…
Economy
Since sanctions against Iran have been lifted, mega-orders from the country were expected in the aviation industry. So far, only Airbus was able to secure a deal.
Boeing could not start…
Economy
Tehran Stock Exchange’s all-share index TEDPIX won 156 points or 0.21% to end Saturday trade at 76,138.
Robust gains by auto manufacturers, investment companies and banks helped end the…
Economy
Most industries divide into subcategories and expand so much over time that they eventually start operating independently. Office furniture and decorations is one such business.
The…
Economy
Aad Verbakel, founder of Dutch agricultural firm VB Group, has signed a preliminary deal to build a 20-hectare greenhouse in Iran.
“This large-scale modern greenhouse complex, which will…
Economy
Iran is likely to become a major direct reduced iron supplier to international markets because of low energy costs and abundant iron ore reserves, a board member of Iranian Steel Producers…
Economy
German Machine Tool Builders’ Association (VDW) and the European country’s exhibition and trade fair company, Messe Stuggart, will hold an international metalworking exhibition in Tehran on May 30…
Economy
The Ministry of Industries, Mining and Trade has recently issued revised regulations for car importers that have obtained the official representations of foreign car brands via intermediaries.…
Economy
US Secretary of State John Kerry told Europe’s top banks they have nothing to fear from resuming business with Iran, as long as they make proper checks on trade partners and pursue “legitimate…
Economy
The Insurance Regulatory and Development Authority of India (IRDAI) has granted approval to 23 cross border reinsurers for the year 2016-17 including Iran Insurance Company, IRDAI announced in a…
Economy
As concerns over the pace of liquidity growth mounts, the Central Bank of Iran has responded by arguing that liquidity is merely a ‘nominal variable’ and such variables are always on the increase…
Economy
Iran’s leading private bank, Bank Mellat, won a major legal battle against the UK Treasury in its claim of $4 billion damages for the sanctions imposed on it in 2009, with the English Court of…
Economy
The Euromoney Iran Conference will be held on Thursday May 19 in London.
Co-hosted by the Central Bank of Iran, the conference will discuss and explore the necessary steps for Iran’s…
Economy
On January 16, 2016, the European Union implemented the Joint Comprehensive Plan of Action, which scaled back sanctions on Iran and marked the country’s return to international capital and other…
Economy
