The economic deputy of the Ministry of Economic Affairs and Finance called on Wednesday for balancing the one-year deposit rate (20%) with the interest rate (14%) of home loans provided by Bank…
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.
Governor of the Central Bank of Iran Valiollah Seif has given a mandate to provincial governors, asking them to help CBI fight stagflation and provide small business debtors with bailout loans.…
Trading of Parsian Bank’s shares was halted at the stock market on Wednesday due to the revision of earnings per share forecasts. According to Bourse Press, the lender’s symbol, Vpars,…
Despite promises of replacing the Mehr housing project, the government has been somewhat slow in offering a viable alternative.
Over the past few years, several plans were drawn up to…
Iran's steel sector is expected to grow over the next few years, as the government targets self-sufficiency in its metals sector. The country is the largest steel producer in the Middle East and…
Close to 85-90 percent of sheepskin produced in Iran are exported in semi-processed forms (rawhide and wet-blue), said a board member at Iran Tanners Association, Hassan Nassirian. “Semi-processed…
Close to 100,000 tons of iron ore were offered by Sangan Iron Ore Mines at the base price of $17 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday.
Tehran Stock Exchange’s benchmark settled in red at Wednesday’s close amid overreactions to lingering nuclear negations between Iran and world powers. TEDPIX ticked down 60.77 points or 0.09…
Only 30% to 40% of tools and fittings in the Iranian market are produced domestically, Mohammad Taheri, an industrial designing instructor, told IRNA. According to the expert, the high cost of…
Cement producers have called on the Ministry of Industries, Mining and Trade to increase cement prices by 17%, arguing that the move would not lead to a surge in construction costs.
Optimism about reaching a final nuclear agreement has helped markets rally and benchmarks to cross challenging resistance lines.
About 69 percent of listed companies positively contributed to TEDPIX on Tuesday to help the benchmark lift 593.9 points or 0.92 percent to settle at a 7-week high of 64,926.8.
Iran Mercantile Exchange featured various grades of aluminum and polymers on Tuesday.
Angouran Lead and Zinc Complex in Zanjan Province has the capacity to produce up to 120,000 tons of sulfide minerals, including sphalerite, lead glance and pyrite annually, according to the…
The gold market has gone into a coma, according to Mohammad Keshti-Aray, head of Tehran’s Gold and Jewelry Union.
“Gold prices will not remain volatile till next month,” the gold market…
A banking expert has called on the Central Bank of Iran to prohibit banks from borrowing from the regulator even though lack of funds may make them spend their savings to cover their internal…
Minister of Economy Ali Tayyebnia has called for deeper financial ties between Iran and other nations.
Governor of the Central Bank of Iran Valiollah Seif has reiterated that his bank is preparing to adopt a unified foreign exchange regime once the nuclear agreement is signed between Tehran and the…
Bank Maskan raised mortgage ceiling for the holders of “Youth Savings Accounts” in Tehran to 750 million rials ($25,800 at official exchange rate) from 670 million rials ($23,000), said Mohammad…
The Supreme Council of Insurance has notified insurance companies of new regulations approved on June 16, seeking to tighten employment rules at the insurance firms.
Central Insurance of…
T he US dollar extended its gains on Monday, taking other major currencies higher against the rial. Investors shied away from the Iranian currency due to indications that Iran and the six world…
Governor of the Central Bank of Iran Valiollah Seif said his bank would not cave in to pressure from outsiders or compromise its crackdown on unlicensed credit and financial institutions.
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The Central Bank of Iran has allowed Arman Credit Institution to hold its general meeting within the next 25 days to support the newly authorized credit and financial institution, announced the…
Businesses around the world are preparing for the largest geopolitically triggered financial bonanza since the 1991 Soviet breakup: Iran’s reopening for business.
A seesaw trade amid all-embracing overreactions to the lingering nuclear negotiations between Iran and the P5+1 ended in an uptick for Tehran Stock Exchange benchmark on Monday.
