Parsian Bank has finalized plans to launch 137 new branches across the country, said Kourosh Parvizian, the bank’s chief executive, noting that his bank currently has 313 branches.
Economy
Economy
The Central Bank of Iran will issue a new foreign exchange directive in the foreseeable future in line with its new forex policies, the bank’s governor said.
Economy
Unprocessed decorative stone exports will be slapped with a 5-15% tariff as of the next Iranian year (starting March 20, 2017), a deputy minister of industries, mining and trade announced on…
Economy
There is a mismatch between Iran’s steelmaking capacity and steel demand at present.
A number of obstacles must be overcome for its steel industry to reach its true potential, reads an…
Economy
Several Slovenian companies, including air domes manufacturer Duol and Iskratel Telco, have signed deals worth €10 million with Iranian partners at the Slovenian-Iranian Business Conference in…
Economy
Tehran Stock Exchange’s main index gained 4.90 points or 0.01% to end Sunday trade at 80,063.7.
More than 711 million shares valued at $49.1 million changed hands for the day.
…
Economy
More than 600 million mobile devices worldwide will include biometric authentication within the next five years, up from 190 million in 2016, with demand for methods that involve less hardware…
Economy
The Minister of Communication and Information Technology Mahmoud Vaezi visited Azerbaijan’s International Telecommunications and Information Technologies Exhibition and Conference, known as…
Economy
Scientists have developed a new way to use diamonds to convert old nuclear waste into long-lasting usable batteries, according to a research publication in the United Kingdom.
Economy
New data released by Dyn Research Corporation says that 53 internet networks in Iran had a momentary outage on December 3, hampering the first day of the Iranian business week. The Telecoms…
Economy
The government aims to promote competition in the insurance industry, the economy minister said at an annual event held to mark National Insurance Day on Saturday.
"We are looking to make…
Economy
Iranian private lender, Bank Sina, has opened an account in Switzerland’s BCP, which allows Sina to transfer euro and Swiss franc. According to a press release released on Sina’s website on…
Economy
Export Guarantee Fund of Iran, the state-owned export credit agency, will start offering insurance coverage for fluctuations in foreign exchange rates, mainly to support Iranian exporters, said a…
Economy
The US dollar swelled yet again in Tehran’s foreign exchange market on Saturday, reversing its fall on Thursday.
The greenback started off at 38,000 rials at the market’s opening on…
Economy
Top officials from Switzerland’s Federal Department of Economic Affairs, Education and Research and State Secretariat for Economic Affairs are set to visit Tehran next week.
Economy
A dispute between the ministries of roads and industries over the import of freight wagons from Russia has recently grabbed headlines in the local media.
In an open letter, Minister…
Economy
Foreign direct investment in Iran has been made easier, as Bank Mellat, one of Iran's largest lenders, has signed a contract with the Central Securities Depository of Iran to facilitate FDI in…
Economy
Plans are underway to build a chromite concentrate plant in Kerman Province, the managing director of South Kerman Industries, Mining and Trade Organization announced. “The plant will produce 20,…
Economy
Iran Chamber of Commerce, Industries, Mines and Agriculture hosted the Iran-New Zealand Economic Forum on Saturday.
Present at the gathering were New Zealand’s Trade Minister Todd…
Economy
Telepizza, the leading pizza restaurant chain based in Spain, has announced its planned arrival in Iran as of March 2017 via a strategic master franchise alliance with its partner Momenin…
Economy
The number of people looking for jobs has risen by 20% over the seven months of the current fiscal year (started March 20), an official with the Ministry of Cooperatives, Labor and Social…
Economy
Close to $118 million worth of non-oil products were exported from Golestan Province in northern Iran during the seven months to October 21, 2016, according to the head of the province’s…
Economy
The Ministry of Agriculture has banned the import of walnut because of bumper production of the crop in excess of domestic demand, an official with the ministry said. Ramezan Rouyintan added that…
Economy
India’s UCO Bank Ltd will open its Tehran office by the yearend, Iran’s Foreign Minister Mohammad Javad Zarif said, citing a top official with the Central Bank of India as saying.
…
Economy
Modiran Vehicle Manufacturing (MVM) has brought a new Chery model to Iran for testing before it goes on official sale. According to local automotive news website Asbe Bokhar, the new car, the MVM…
Economy
