The largest banking consortium in the country comprising five lenders has been founded to finance a gas processing plant along with four other banks.
Economy
Bank Mellat will soon launch four new branches in India, Italy, the Netherlands and Oman, Mellat’s chief executive said on Saturday. Ali Rastegar noted that his bank accounts for 25% of resources…
Iran and Sweden plan to enhance banking relations in the post-sanction era.
Governor of the Central Bank of Iran Valliolah Seif has expressed strong disapproval of the existing foreign exchange rates, saying the recent volatility in the forex market is transitional…
President Hassan Rouhani’s government has averted crisis, as the Iranian economy is going though its worst spell in contemporary history.
Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 1,000 tons of copper cathode by National Iranian Copper Industries Company at the base price of $4.7 per kg…
The Iran-Turkey Trade Conference, described as one of the biggest joint forums of the two countries in recent years, was held on Friday in Istanbul.
The printing industry’s services are indispensable. Banners, advertisements and business cards are some of their products used by both business and laymen.
Tehran Stock Exchange’s main index shed 156.90 points or 0.25% to end Sunday trade at 62,420.2.
Over 621 million shares valued at more than $32.2 million changed hands in 28,871…
About 130,000 tons of kiwis worth more than $100 million are exported annually, according to the Ministry of Agricultural Jihad. Close to 300,000 tons of kiwis are produced from 11,000 hectares of…
Around 20,000 billion rials ($570 million) worth of bread are wasted annually in Iran, said the managing director of Government Trading Corporation of Iran. Ali Qanbari was speaking at the opening…
The Third International Exhibition on Nuts, Dried Fruits and Related Industries, IranNutex 2016, is scheduled for January 2-5, 2016, at Tehran’s International Fairground. Sponsored by Trade…
A total of 7.89 million tons of oil and non-oil goods transited via Iran’s 32 borders during the eight-month period ending November 21, said the director general of Transit and Border Terminals…
The Indian government plans to rope in some of the country’s leading private sector players in the infrastructure field such as Jindal Infrastructures, Essar, SAIL and IRCON to develop the area…
Iran has outlined the ground rules for the new era of cooperation with Italian businesses, a deputy minister of roads and urban development said.
Asghar Fakhrieh Kashan added that Iran’s…
As much as escalating tensions between Ankara and Moscow in the wake of Turkey downing Russia’s fighter jet came as a shock to Turkish traders, it was seen by some as an opportunity that could…
Facebook, Google and Twitter are stepping up efforts to combat online propaganda and recruiting by militants and extremists, but the online companies are doing it quietly to avoid the perception…
Forgetting where you parked your car is an embarrassing problem that’s about to become a thing of the past.
For almost two months, Moroccan developers have been building apps for the…
Avatech Accelorator, one of Iran's leading technology startup centers, has recently announced its third group of startup companies for their official "Cycle 3" intake program. New companies in…
Interbank interest rates dropped to 21.5% in the second half of November from the 28% recorded in August, according to the Central Bank of Iran.
Active presence of foreign banks could help reduce transaction costs including lending rates that have increased exponentially over the past few years, a senior official with the Central Bank of…
The Export Development Bank of Iran has joined the Association of Development Financing Institutions in Asia and the Pacific, said an official with the bank on Saturday. Kazem Doust Husseini,…
Lending by commercial banks grew by about 5% to 6.53 trillion rials ($283.4 billion at the official exchange rate) in the first half of the fiscal year (ending March 20) compared to the similar…
The minister of economy has called for a competitive Iranian insurance sector saying a level playing field is the primary requirement for the enhancement of the insurance industry.
Iran Mercantile Exchange witnessed the supply of 14,000 tons of 6070 bitumen by Tabriz Oil Refining Company, Qaisar Jonoub Company, ISONAM Company, Ghiran Pakhsh Setareh Iranian Company and Jey…
