Sponge iron production surpassed expectations at 216,000 tons during the first quarter of the current Iranian year (March 21-June 21), creating a surplus of more than 10,000 tons in the domestic…
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 Ministry of Industries, Mining and Trade has approved a plan aimed at reactivating the abandoned mines across the country, the official in charge of the plan announced.
“There are many…
The latest report published in 2015 by the International Organizing Committee for World Mining Congresses shows Iran ranked eighth in 2013 in terms of the value of produced minerals.
A board member at Iran Steel Producers Association, Bahador Ehramian, has ruled out the possibility of a dramatic fall in domestic steel production during the current Iranian year (started March…
Airbus chief executive Tom Enders may despise European politicians for interfering with his futuristic drone project, but he does admire, at least, the French government for having sent an…
Tehran Stock Exchange’s overall index recorded its biggest retreat since June 9 at Sunday’s close amid growing uncertainties in the runup to the end-of-June deadline for the ongoing nuclear talks…
Minister of Industry, Mining and Trade, Mohammad Reza Nematzadeh, announced his ministry’s general policies for the current Iranian year (started March 21).
Iran Fara Bourse’s sentiment was negatively affected by lingering ambiguities at the equity market, and its overall index IFX slipped 10.78 points or 1.48 percent to close at 724.36 on Sunday.…
Based on a memorandum of understanding signed between Central Bank of Iran and Ministry of Cooperatives, Labor and Social Welfare, 600 credit cooperatives will be authorized to operate in the…
AvivaSA, one of Turkey's leading private pension and life insurance company has made an official bid to enter Iran's lucrative market. The Turkish insurer filed a formal request with the Central…
T he rial fell against all major currencies on Sunday following negative cues about the negotiations between Iran and the six world powers. Stocks also tumbled.
An accord to curb Iran’s…
A development bank for small and medium enterprises will be established within two years, officials said. Gholamreza Soleimani, deputy head of Small Industries and Industrial Parks , said a…
The implementation of large industrial projects in Chaharmahal-Bakhtiari is helping the southwestern province move toward industrialization.
Recent years have seen a surge in the sales of non-alcoholic malt beverages, due mainly to improved taste and wider choice of flavors as well as the growing health concerns associated with sugary…
Deputy chairman of Iran Mine House, Mohammad Reza Bahraman, has called for the implementation of provisions related to concessions on mining royalties in the Mining Act.
Tehran Stock Exchange’s overall index snapped a three-day winning streak on Saturday trade amid ambiguities concerning the ongoing nuclear talks.
In a lazy trading day at Iran Mercantile Exchange’s spot market, close to 160,000 tons of commodities were offered on Saturday. As IME reported, the agricultural trading floor played host to 11,…
Economic woes and lack of liquidity have driven commercial banks into non-banking operations, said Teymour Rahmani, a Tehran-based academic. But he added that banks have gone far in doing…
A senior advisor to the minister of roads and urban development said unauthorized financial institutions should follow the rules or face closure.
Gholamreza Salami suggested that illegal…
The growing trend of banks’ debt to the Central Bank of Iran over the last couple of years is widely believed to be a major setback for the banking system.
According to banks’ financial…
Minister of Economy Ali Tayyebnia is in China to sign the constitution for the Asian Infrastructure Investment Bank on June 29.
Venezuela has signed an agreement with Iran for a $500 million credit line to fund joint investments and help improve supplies of goods “necessary for the Venezuelan people,” President Nicolas…
Shahr Bank has become the first Iranian bank to deploy a virtual teller machine (VTM). The new facility provides six services to customers, marking the first move by an Iranian bank toward a…
Based on the recent preliminary report released by the Central Bank of Iran, the economy expanded by 3 percent in the Iranian year ending March 2015. The year before that saw the economy contract…
By 30 June, Iran must have come to an agreement with world powers over its nuclear program in return for a lifting of economic sanctions.
Currently, key sectors, including energy and…
