Trading of petrochemical products has resumed in the Iran Mercantile Exchange. This indicates the government’s renewed mandate to trade petrochemical products in IME. The decision has not sat well…
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.
India is expecting to put an end to a slump in the prices of its basmati rice by increasing exports to Iran, as Tehran has announced it has liberalized rice imports.
Iran stopped issuing…
Japan’s Kobe Steel Company is replacing a Chinese contractor to establish an iron ore pellet production plant with an annual capacity of 5 million tons and an investment of $133 million in Yazd…
Iran Mercantile Exchange’s oil and petrochemicals trading board witnessed the supply of 68,090 tons of bitumen, 14,456 tons of petrochemicals, 19,000 tons of vacuum bottoms, 2,300 tons of…
Iran’s banking sector will benefit from the removal of sanctions at the start of 2016 and lending growth will pick up in line with an improving economy, but a weaker rial and elevated inflation…
A study has outlined the poverty threshold with implications for housing affordability across Iran’s 31 provinces and shows the relationship between the median income of households and housing…
Central Bank of Iran has denied the existence of counterfeit 500,000 rial Iran Checks. Amir Shokri, head of CBI Money Printing Department, said that new 500,000 checks contain high-security…
Bank Day has loaned an unidentified domestic airline 884 billion rials ($29.5 million at the official exchange rate) for fleet renewal.
Central Bank of Iran has denied the existence of counterfeit 500,000 rial Iran Checks. Amir Shokri, head of CBI Money Printing Department, said that new 500,000 checks contain high-security…
Sanctions relief will allow Iran to reconnect to international financial markets, import previously restricted goods, expand export markets and receive greater foreign direct investment.
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Brokerages will not pay value added tax anymore on their trading and clearing services, said Mostafa Haqiqi Mehmandari, a member of Bourse High Council, on Wednesday.
The French FIVES Group and the Iranian Mines and Mining Industries Development and Renovation Organization signed an agreement on establishing a joint aluminum anode production company through…
In preparation for foreign investment, the administration of President Hassan Rouhani, including the Securities and Exchange Organization of Iran and other state bodies, has set up…
Tehran Stock Exchange’s benchmark inched up 4 points or 0.01% during the week that ended November 4 compared to the previous trading week to settle at 62,927.
According to TSE data, the…
Unification of foreign exchange rates is now viable and official exchange rates are now closer to the free market prices, CEO of Parsian Bank, Kurosh Parvizian said, the Trade Promotion…
The first phase of loans to help Iranians buy domestically-manufactured products will be launched in cooperation with the Central Bank of Iran next week, an official with the Ministry of…
The Central Bank of Iran and Iran Chamber of Commerce will support the formation of the National Association of Leasing Companies by merging the existing unions to help lift the leasing sector.
The Minister of Roads and Urban Development has announced plans for renovating the air transport fleet through rent-to-buy leasing contracts.
Banks lent different sectors a total of 1.6 quadrillion rials ($53.4 billion at the official exchange rate) in the first half of the calendar year (started March 21), marking an increase of…
Iranian insurance companies paid 57.7 trillion rials($ 1.9 billion at the official exchange rate) in claims settlement to policyholders during the first six months of the calendar year (Started…
Tehran Stock Exchange snapped its three-day downward trend on Wednesday, as TEDPIX gained 115.80 points or 0.18% at the day’s close to settle at 62,927.4.
Iran Mercantile Exchange’s export trading board witnessed 500 tons of super bright polyethylene terephthalate and 506 tons of TG641 polyethylene terephthalate supplied by Shahid Tondgooyan…
Iran’s industrial sector contracted more than 1% in the first half of the current fiscal year (started March 21).
The sector generates over 40% of Iran’s gross domestic product and its…
If the present progress is maintained, the historic deal between Iran and world on Tehran’s nuclear program could see the unfreezing of overseas assets and the removal of most sanctions on Iran as…
State-run Steel Authority of India Limited, also known as SAIL, would supply rails for the major railroad network expansion plan in Iran.
SAIL has bagged an export contract to supply about…
