IT

Startups to reduce traffic in Tehran

Donya-e-Eghtesad writes that Tehran municipality has introduced 32 start-ups which plan on reducing traffic and air pollution by reducing inner city travel by 10%. These start-ups are active in urban transportation, household shopping as well […]

Banking

Markets in Brief 16.03.2018

The two major banks’ stocks, Bank Saderat and Parsian Bank, reopened to traders on Wednesday after being halted for nearly 20 months. Upon their return and release of financial statements, Bank Saderat lost 50% of […]

Banking

Merger of of financial institutions

Mehr Eqtesad Financial Institute and Samen Credit Institution will be merged into Ansar Bank. Hamshahri announced the end of the first phase disbanding illegal financial institutions by the end of the month. In the second […]

Banking

20 billion USD in currency at Iranian homes

Iran writes of plans to connect Iran’s Shetab banking network to Turkish and Russian banking systems. Mostafa Beheshtiruy, Member of the Board of Directors at Pasargad Bank has said that the project is already underway […]

Banking

Tax on purchases for over 5000 USD

Iran quotes the Chief of the Taxation Organization, Seyed Kamel Taghavinejad and writes that currently documents for the purchase and sales of currency over 5000 dollars should be sent to this organization. The law states […]

Financial Sector

Iran insurance’s debts to Ministry of Health

The Ministry of Health has announced that commercial insurance companies have over 10 trillion IRR debt to this ministry; 80% of which is the debt of Iran Insurance Co. Shargh quotes the Ministry spokesperson and […]

Banking

Iran eliminates USD from import orders

The Governor of the central bank has announced that imports will no longer be registered with the US dollar. Iran  newspaper writes that until now, orders via the banking system had to be registered using […]