The Ministry of Roads and Urban Development will settle 10 trillion rials ($330 million at the official exchange rate) of contractors' overdue payments through treasury bills, the minister said…
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 Central Bank of Iran has managed to reduce the number of bank branches inside the country by 250, a CBI official announced on Tuesday.
“So far 250 bank branches have been deactivated…
As the economic and banking sanctions begin to fade, Iranian banks can reopen overseas branches which can and should support commerce with the outside world, however, the move would, among other…
The dog days of summer are coming to an end but there is no tangible upswing in the dormant real estate market. The recession-plagued industry has been awaiting relief after the price bubble burst…
Capital adequacy ratio of Mehr Iran Qarzol-Hasaneh Bank is 21% and the bank is planning to increase lending ceiling from 150 million rials ($5,000 at official exchange rate) to 200 million rials…
Ghadir Vehicle Leasing Company’s profit per share reached 238 rials, realizing 46% of company’s projected earnings. The company had predicted a 521 rials profit per share for the fiscal year…
Iran Mercantile Exchange featured close to 310,000 tons of various commodities on its trading floors on Tuesday.
An increasing number of international investors are preparing to trade Iranian stocks once economic sanctions are lifted, according to the head of the bourse in Tehran.
Tehran Stock Exchange’s downward trend continued on Tuesday as it shed 456.50 points or 0.72% to end at 62,356.5.
The 2016-17 budgetary directives indicate a tight fiscal policy that is contradictory to the inflation-reducing monetary policy since only current expenditure absorbs the growth in the budget.
It is a rough time for Iran's steel industry as it is grappling with low domestic demand, shortage of liquidity, high production costs and the unwelcome imports of low-quality Chinese steel…
Head of Securities and Exchange Organization of Iran, Mohammad Fetanat gave a speech as a keynote speaker at the so-called 'IFN Issuers Forum 2015' hosted by REDmoney – a leading company…
More than 303 million securities were traded in 13,232 transactions valued at $45.65 million at Iran Fara Bourse with the benchmark falling down 9.88 points or 1.4% to close at 696.16. According…
As the Iranian economy opens up for business, regional Islamic banks are likely to benefit most as the country’s banking system is governed by Sharia.
Head of Central Bank of Iran’s Money Printing Department says no counterfeit paper money has been detected so far.
“The CBI has incorporated countermeasures to detect fake money and the…
A senior banking official believes setting up a debt securities market could create much needed new space for stressed commercial banks in the current challenging economic conditions and rapidly…
Iranian insurance companies paid 35.2 trillion rials ($1.2 billion at the official exchange rate) in claims settlement to policyholders during the first four month of the calendar year (started…
The US dollar continues to rattle the foreign exchange market with gains in the free market. The currency posted a weekly gain against the rial, taking a heavy knock on Monday amid news that the…
While expectations are running high that an end to economic sanctions against Iran and a return of foreign investment will boost stock valuations, economists increasingly point out that another…
Deputy minister of industries, mining and trade, Mehdi Karbasian, says the government is making every effort to stop raw material exports in the steel sector. “The plan is to stop shipping iron…
Iran Mercantile Exchange’s industrial and mining trading floor witnessed the offering of 4,000 tons of copper cathodes priced at 177,217 rials per kg, 3,500 tons of copper wire at the base price…
The hazy economic outlook, coupled with liquidity crisis and uncertainties about listed companies’ performance, dramatically dragged down Tehran Stock Exchange’s benchmark to a three-month low.…
Iran Mercantile Exchange and Tehran Stock Exchange are gradually introducing more futures contracts as the country tries to hedge risks and stabilize the prices of agricultural, industrial and…
The Ministry of Economic Affairs and Finance has outlined a blueprint for banking reforms in a press release Sunday. The news comes after the conservative Tasnim News Agency criticized the…
Long-awaited Unionpay cards are now available in the country as a result of the nuclear agreement between Iran and world powers. The cards are now accepted and card holders can use them for their…
