• Key Economic Figures Debate Iran’s Financial Condition

    Ongoing currency issues and the prospect of US reimposition of sanctions took a back seat on Tuesday at the annual Conference on Monetary and Foreign Exchange Policies in Tehran. 
    Instead, participating officials with the Central Bank of Iran and the economic team of President Hassan Rouhani’s government chose to mostly focus on internal issues such as surging liquidity and perennial budget deficits, among others.
    The two-day conference, subtitled “Structural Reforms for Fiscal Stability”, hosted a series of keynote speeches by well-known economic figures, a short celebration and book unveiling ceremony, and three expert panels.
    Ali Divandari, the head of Monetary and Banking Research Institute, the entity holding the event, opened the conference. He was followed by CBI Governor Valiollah Seif who presented yet another review of general achievements and policies of the central regulator under his five-year command.
    He talked about curbing the inflation rate to single digits, the last Iranian year’s (ended in March) GDP growth rate of 3.7% and limiting annual liquidity growth by 1.1% as it grew by 22.1% to reach 15.3 quadrillion rials ($356.6 billion) by the end of last year. He also said CBI is still pursuing its bank reform plan.

Business And Markets

Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.

  • Key Economic Figures Debate Iran’s Financial Condition
    06/20/2018
    Ongoing currency issues and the prospect of US reimposition of sanctions took a back seat on Tuesday at the annual Conference on Monetary and Foreign Exchange Policies in Tehran.  Instead,...
  • Tehran to Host Int’l Woodworking Exhibition
    06/20/2018
    The first edition of Medex Deutsche Messe Woodworking Exhibition, known as “MEDEX 2018”, is slated to open at Tehran’s International Fairground on July 10. The international event will be held...
  • TSE Gauge Ends Tuesday Trade 1.89% Higher
    06/20/2018
    Tehran's stock market bulls continued to lift up equities in a dramatic Tuesday trade that saw indices break even more records after showing signs of sinking in early trade. About 20 minutes past...
  • Iran to Make Most of Eurasia Preferential Trade Agreement
    06/20/2018
    Iran’s ambassador to Kazakhstan highlighted Tehran’s efforts to maximize its benefits from a preferential...  
  • President Hassan Rouhani, flanked by Parliament Speaker Ali Larijani (R) and Judiciary Chief Ayatollah Sadeq Amoli Larijani, attended the meeting in Tehran on June 19.
    06/20/2018
    The Supreme Council of Economic Coordination, a joint meeting attended by the heads of the three branches of power, convened on Tuesday.  Employment, ways of encouraging private sector's...
  • Iran Steel Output Surges 13%
    06/20/2018
    Iranian steelmakers produced a total of 7.66 million tons of semi-finished and finished steel products during the first two months of the current fiscal year (started March 21), registering a 13%...
  • FATF's Impartiality Test
    06/20/2018
    The deadline of the 18-month action plan prepared by the Financial Action Task Force for Iran ended in February 2018 and was extended for four months, in view of Iran's initiatives and fulfillment...
  • Iran Fara Bourse Announces Most, Least Transparent Firms
    06/19/2018
    Etela Alborz Investment Company was named Iran Fara Bourse’s most transparent company in the previous fiscal year (March 2017-18) by the Securities and Exchange Organization. 
  • Over 2.55 billion shares worth $169.2 million were traded at TSE on June 18.
    06/19/2018
    Tehran stocks showed no signs of backing down on their rally, as they further extended their historic high on Monday. Tehran Stock Exchange's primary index, TEDPIX, was up another 2.03% or 2,081....
  • Foreign Mining Firms Prefer Low profile in Iran
    06/19/2018
    Foreign mining companies still present in Iran are trying to stay under the radar over the fear of falling foul of US sanctions against the Islamic Republic, a senior manager at Iran’s largest...
  • Trends in Housing Sales, Rents
    06/19/2018
    The Statistical Center of Iran has presented crucial data pertaining to the housing sector in Tehran and across Iran over the past few years, which cover sale and rent price trends, empty homes and...
  • The Central Insurance of Iran (Bimeh Markazi) is the industry’s main regulator. 
    06/19/2018
    In its latest report on Iran's insurance sector, Capital intelligence, the international ratings agency, said addressing the structural problems of Iran’s insurance market is vital for...
  • Tehran to Host CERAFAIR in July
    06/19/2018
    The 25th International Tile, Ceramic and Sanitaryware Exhibition, also known as CERAFAIR, is scheduled to open at Tehran’s International Fairground on July 10. The exhibition is one of the major...
  • Gov’t Limits  Forex Supply  to Importers
    06/19/2018
    The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official...
  • Tehran once again had a predominant share of 68.1% .
    06/19/2018
    More than 9.9 million checks worth about 794 trillion rials ($18.78 billion) were exchanged in Iran during the second month of the current fiscal year (ended May 21), which indicated a respective...
  • Many have joined the campaign to not buy foreign exchange, gold coins, automobiles or any other commodities, the prices of which have gone up over the past few weeks.
    06/19/2018
    In an Instagram post on Sunday, Iranian footballing legend Ali Karimi urged people not to buy gold coins, automobiles or any other commodities, the prices of which have gone up over the past few...
  • People walk by the Paris branch of Bank Saderat Iran.
    06/18/2018
    Bank Saderat Iran, which boasts the most expansive overseas presence among the more than 30 Iranian banks and credit institutions, has recently been connected to TARGET2, its chief executive...
  • Need for Banks to Support Entrepreneurship
    06/18/2018
    A lawmaker called for the establishment of specialized banks tasked with facilitating entrepreneurial development. The banking sector has long been grappling under President Hassan Rouhani with a...
  • Iran’s Secondary Capital Market on Maturation Path
    06/18/2018
    Since the 12th Iranian government took office in August 2017, issuing debt securities in unregulated markets has been banned and all debt securities must be issued within disciplined, regulated...
  • Iran Fara Bourse Allowed to Increase Capital
    06/18/2018
    The Securities and Exchange Organization has given the go-ahead to Iran Fara Bourse to increase its capital by 300 billion rials ($7.14 million), according to an official SEO statement released on...
  • Gold Coin Bullish Despite Massive Supply
    06/18/2018
    Despite several schemes by the Central Bank of Iran to satisfy the supply side, the gold coin rally has come a long way since the early days of the current fiscal year (started March 21).  The...
  • Field corn purchase accounted for 25.1% and 4.4% of the volume and value of Iran’s total imports respectively.
    06/18/2018
    More than 1.32 million tons of field corn worth over $296 million were imported into Iran during the first two months of the current Iranian year (March 21-May 21) to register a 2.6% and 6.1%...
  • TCCIM to Survey Trade Expansion With Thailand
    06/18/2018
    The 10th meeting of “Iran’s Export Capacities” with a focus on expanding trade ties with Thailand and identifying import demands in the southeast Asian country is scheduled to be held at Tehran...
  • Tehran Stocks Make Record Gains to Stand at All-Time Highs
    06/17/2018
    Bulls are on parade in Tehran's equity market, and they are not backing down. They followed up on the previous trading day's record-breaking gain by soaring even higher on Sunday. Tehran Stock...
  • Iranian Insurers Resilient to  US Sanctions
    06/17/2018
    Capital Intelligence, the international credit rating agency, has released its key report on the Iranian insurance market, reviewing the latest development in the wake of the US unilateral move to...

Pages

Trending

Googleplus