Bank Refah Kargaran has launched the pilot phase of its mobile-based payment service in collaboration with one of the major mobile operators, RighTel.
Economy
The Planning and Budget Organization is set to finance Social Housing Scheme by injecting 1.6 trillion rials ($42 million), the head of Housing Foundation of Islamic Revolution announced.”This aid…
The construction of remaining units of Mehr Housing Project in the Iranian capital will be completed by the end of the current fiscal year (March 20, 2018), announced the director of housing and…
Recent improvements in the Iranian banking system such as the adoption of Financial Action Task Force regulations, positive forecasts by the International Monetary Fund and the gradual…
The government’s new tax bill–sent to the parliament in March–to enlarge the value added tax exemption list to include insurance firms and foreign banks’ services has now been taken up by the…
Even though a handful of Iranian banks are fighting formidable challenges, including unhealthy balance sheets and thin capital cushions, they are not facing any existential threats, said a Central…
Domestic demand for raw vegetable oil stands at about 1.5 million tons per year, the manager of Oilseeds Project carried out by the Ministry of Agriculture said.
Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said on Wednesday 60,000 people have enrolled in the state-run Internship Action Plan.
"The ministry aims to create 150…
The Cabinet has approved the issuance of 100 trillion rials ($2.67 billion) worth of securities to finance government projects. The decision was made in a Wednesday Cabinet meeting led by…
A high-ranking delegation from Malaysia will visit Tehran within a month. This was announced by Malaysian Ambassador to Iran Rustam bin Yahaya in a meeting with Iran Chamber of Commerce,…
Tehran Stock Exchange’s main index lost 224.39 points or 0.27% to end Saturday trade at 80,228.9.
About 440 million shares valued at $30.17 million changed hands for the day.
Pars…
About 30% of agricultural products in Iran go to waste every year, costing the country’s economy over $5 billion per annum.
In fact, the canning industry is among the most important…
Iranian flat steel importers and traders were seeking lower prices to offset weakening sentiment in Iran’s domestic market.
“Prices in the local market are decreasing day by day,” one…
The initial enthusiasm in Iran’s capital market following the reelection of President Hassan Rouhani in late May has faded and the market has been on a downtrend ever since.
Iranian Mines and Mining Industries Development and Renovation Organization was the world’s 25th largest producer of crude steel in 2016 with 14.02 million tons. According to World Steel…
Restoring relations with oil majors and raising crude production top Iran Oil Ministry's priority list, Bijan Namdar Zanganeh, the oil minister, said.
In a letter to Ali Kardor,…
Iran Standards and Quality Inspection Company (ISQI) has released the latest report on the quality of 42 locally-made cars and seven pickup trucks.
Four models have joined the tiny club of…
New car sales in Germany rose 13% in May on two extra selling days and strong sales to business fleets.
Registrations were 323,952 units in May month on month, according to data from the…
Of the 27 leasing companies registered on the Central Bank of Iran's website, five have been cleared for operations in the field, according to a new report by the CBI.
The five confirmed…
The closure of Iran-related bank accounts by Emirate banks has been going on for years and no new regulation has been communicated in this regard, the head of Information Technology Department at…
The Central Bank of Iran and the Iranian Parliament are working closely to resolve the issues surrounding the Caspian credit institution and the overall saga of shadow banks engulfing the informal…
The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute said. “The…
Money and Credit Council–a decision-making body–has called on state-owned lenders for the first time to make their financial data publicly available in line with measures to boost transparency.…
After the lifting of some of Iran's sanctions following the nuclear accord, the country's banking system connected with small Malaysian banks though there are still no ties with major lenders, the…
Tehran Stock Exchange’s main index inched up 1.80 points or less than 0.01% to end Wednesday trade at 80,513.3.
Wednesday is the last trading weekday at TSE.
About 573 million shares…
