Business

  • SSO Ordered to Cede Excess Shares in Refah Bank

    The Majlis on Tuesday obliged the Social Security Organization to sell part of its shares in its affiliated lender, Refah Bank, so that the shares don’t exceed the ceiling set by the Central Bank of…

  • Big Oil Earnings Battered By Virus

    ig Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier. Major oil and gas producers from Norway to the US saw profit plunge in the opening three months…

  • Copper projects worth over $950m inaugurated

    Four development projects worth 40 trillion rials (about $952.3 million) were inaugurated in the copper sector of Kerman Province in the southeast of Iran on Thursday, Shata news reported. As reported, President Hassan Rouhani put…

  • Iran to launch 5 new free trade zones

    The Iranian parliament has approved plans for launching five new free trade zones (FTZ) in the north and east of the country. The parliament on Monday allowed the government to prepare the required conditions for…

  • Update on Iran’s Border Crossings Amid Coronavirus Outbreak

    Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi has given the latest account of Iran’s commercial exchanges through border crossings with neighboring countries, as the outbreak of the new coronavirus restricted the…

  • AkzoNobel madaresharghi

    AkzoNobel to sell chemicals arm for $12.6 bln

    Dutch chemical giant AkzoNobel announced Tuesday it was selling its chemicals arm to U.S.-based investors Carlyle Group and Singapore’s GIC for 10.1 billion euros ($12.6 billion), as part of its strategy to bolster the company.…