Iran’s construction industry is expected to pick up momentum in the short-to-medium term, with an average growth forecast of 3.6% over the next five years. As a report by a Business Monitor…
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.
The volume of Indian-made engineering goods exported to Iran more than doubled to $516 million, compared to the same period last year, for which the figure stood at $256.Due to western sanctions,…
Moallem Insurance Company (MIC) plans to develop its overseas activities, Majid Benvidi, the company’s vice-president said in an interview with IRNA.
Head of Gold and Jewelry Union has anticipated that the continuous downward trend of global gold prices will affect the domestic market of gold and gold coins. The global gold prices have recently…
The sanctions imposed on the Central Bank of Iran by the Council of the European Union in October 2012 have proven to be based on "vague presumptions," which will probably make them subject to…
Auto makers in Iran made more than 520,000 vehicles including passenger cars, pickups, trucks, minibuses and buses in the first half of the year starting March 21, 2014. The figure shows a 74.3…
Traders at the Iran Mercantile Exchange (IME) were offered 225,000 tons of different commodities including steel sections, copper, aluminum, polymers, bitumen, and flint corn on Monday.
The Islamic Republic of Iran and the Republic of Ireland have discussed a joint venture to build petrochemical facilities and refineries, said Iranian lawmaker Jalil Jafari, who is also a member…
Stocks at the Tehran Stock Exchange rose on Monday, with the TEDPIX rebounding after posting big losses last week, though stocks are still far from recovering from huge losses recorded in the past…
Mumbai-based pharmaceutical company Cipla has announced that it has signed a new contract with its existing distributor to produce generic drugs in Iran. The Indian firm’s investment of $37…
A new report by the Central Bank of Iran shows the industry and mining sector’s share of commercial banks’ loans grew the most in the first five months of the current Iranian year (which started…
Liquidity increased to 6,407 trillion rials ($240 billion) in the month of Mordad (ending August 22) from 5,947 trillion rials at the end of last fiscal year (ending March 20), showing a 7.7…
As we continue our series on different free zones around Iran, in this latest installment we will discuss the prospects of Bandar Anzali Trade-Industrial Free Zone located on the northwestern…
The region’s first bulletproof glass factory opened in Iran’s central city of Ardakan, Yazd.
HM Treasury, Britain's economic and finance ministry which maintains control over public spending and set the direction of the country's economic policy, has lifted financial sanctions against…
The Tehran Stock Exchange stabilized relatively as the TEDPIX inched out of its downtrend within the past week.
The market’s main indices were mostly in the green as the stock market’s…
Trade of scrap metal will start on October 7 on the Iran Mercantile Exchange, after Iran Railways Company offered 500 tons of scrap metal to the market.
Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output exports in a decade to negate the effect of western sanctions and replace at least a…
The managing director of Lamer Cement Company says it would be a prelude to liberalization of cement prices if the product enters Iran Mercantile Exchange. Ebrahim Gholamzadeh, head of Lamer…
A major Chinese automotive manufacturing company has agreed to export buses to Iran, reported FNA.
The vice president of Anhui Ankai Automobile Co said following the company’s decision to…
The administration has reacted to the criticisms raised following the Central Bank of Iran’s announcement of 4.6 percent economic growth for the first quarter of the current Iranian calendar year…
India is likely to open a $1 billion line of credit (LOC) for Iran, said the Indian ambassador to Tehran earlier this week.
Meeting with members of investment and finance committee of…
With US-Iranian nuclear negotiations reaching their deadline this November, businesses around the world are waiting in nervous anticipation to re-engage with one of the world’s largest economies,…
The government has no plan to reduce banking interest rates in the near future. Ali Tayebnia, the minister of economy, and Valiollah Seif, the governor of the central bank, have rejected the idea…
Five major companies manufactured about 12 million tons of iron ore concentrate in the six months ending Sep. 22, Iranian Mines and Mining Industries Development and Renovation (IMIDRO) announced…
