Business And Markets

Iran Mercantile Exchange played host to more than 124,000 tons of commodities on Sunday. As IME reported, 10 kg of saffron, 4,000 tons of durum wheat, 1,000 tons of soybean flakes, 450 tons of…

Stocks were swinging between slight gains and losses on Sunday amid a bearish sentiment at the equity market with the overall index extending its pullback to register a third consecutive day in…

Lifting of western sanctions on Iran will present an opportune time for India to start negotiations on inking a preferential trade pact with Tehran, which can fill up the demand gap for Indian…

A draft policy aimed at ending the extended recession in the housing industry has been released, the Persian daily Donya-e-Eghtesad reported Saturday.

Even though enough licenses have been issued for building new hotels in Tehran, there are surprisingly few constructions in the capital.  

The Central Bank of Iran Saturday issued a directive for clearing financial institutions’ non-performing loans as a move to ease lending to businesses.

Sarmad Insurance Company -- a subsidiary of Bank Saderat, secured Level 1 ratio of capital adequacy during the past fiscal year (ended March 20). According to the banker website, the Iran Central…

The Ministry of Roads and Urban Development on Saturday opened a major conference to showcase investment opportunities worth €25 billion ($28 billion) in Iran.  Key investment areas include…

Tehran Stock Exchange’s gauge registered a new record low on Saturday since September 18, 2013, which eroded confidence among investors and exacerbated selloffs at the equity market.

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Falling imports and exports in the first quarter of the current Iranian year (started March 21) have raised concerns, especially after the upward trend in Iran’s foreign trade over the past few…

What has enabled cement to lead the charts among Iran’s main exports and remain competitive in foreign markets is the government subsidization of energy for the sector.

As the government of President Hassan Rouhnai prepares to submit a long-awaited banking reform draft bill to the Majlis, lawmakers say they are committed to examine the proposal promptly, IRNA…

Economy Minister Ali Tayyebnia says the Money and Credit Council could cut interest rates at its Tuesday’s meeting. He said the council, an affiliate of the central bank, will also decide on…

The Export Development Exchange Company -- a subsidiary of the Export Development Bank of Iran, will launch two new branches, one at Imam-Khomeini International  Airport, and the other at…

The US Supreme Court on Thursday agreed to consider whether Iranian funds worth $1.75 billion must be turned over to families of the victims of the 1983 bombing of a US Marine Corps barracks in…

Efforts are underway to set up an electronic budget management system to promote monetary discipline and monitor government debts, the Economy Minister Ali Tayyebnia said.

The Iranian government’s tradition of printing money to cover fiscal gaps is coming to an end. It is signaling to the public and international investors that it is moving toward a modern financing…

The agreement reached between Iran and world powers in Vienna, Austria, in July over the country’s nuclear program and the prospective lifting of sanctions is reopening the Iranian economy to…

The government plans to purchase 500 short, middle and long-range passenger planes by 2025, Mehr News Agency quoted Minister of Roads and Urban Development Abbas Akhoundi as saying on Friday.

Ahead of lifting of sanctions against Tehran, India’s President Pranab Mukherjee has pressed for reviving the long talked about Iran-Pakistan-India (IPI) gas pipeline and using Chabahar Port to…

Trade value at Tehran Stock Exchange registered a year-to-date record low on Wednesday in the absence of a practical trigger to help the equity market get back on track.

Close to 261…

The Industrial Production Index reached 85.9 in the first quarter of the current Iranian year (started March 21), showing a 2% decline compared to the similar period of last year.

The index…

More than 167,000 tons of commodities were offered in Iran Mercantile Exchange’s spot market on Wednesday, including over 110,000 tons of bitumen both for local and foreign customers, the IME…

Foreign investors can register mining firms in Iran with 100% ownership rights, said deputy minister of economic affairs and finance, Mohammad Khazaei on Wednesday during the 4th conference on…

The barriers and objections to Iran-US economic relations will not be everlasting.

This declaration by President Hassan Rouhani in a meeting with the executives of American companies in New…