Tag Archives: business

The rial was first introduced in 1798 as a coin worth 1,250 dinars or one-eighth of a toman. In 1825, the rial ceased to be issued, with the qiran subdivided into 20 shahi or 1,000 dinar and was worth one tenth of a toman, being issued as part of a decimal system. The rial replaced the qiran at par in ...

Mahmoud Khayami, CBE, KSS, GCFO, born 1930 in Mashhad, Iran, is an Iranian industrialist and philanthropist, of French nationality.

Taxi service is one of the most common and convenient ways of transportation. Taking a taxi in your hometown is so easy while getting a taxi in an unknown country and city is completely different story.

The story of the founder of Bik Factory in Iran is a full-scale tragedy for Iranian capitalists. Ali Akbar Refugaran, who brought Bik to Iran and transformed the production of pearl pencils, entered the business world from the teenage years of the 1920s and achieved great progress in the market and the production of writing instruments.

The economy of Iran is a mixed and transition economy with a large public sector. Some 60% of the economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange, one of the best performing exchanges in the world over the past decade. With 10% of the world’s proven ...