The Planning and Budget Organization is set to finance Social Housing Scheme by injecting 1.6 trillion rials ($42 million), the head of Housing Foundation of Islamic Revolution announced.”This aid…
Business And Markets
<p>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.</p>
The construction of remaining units of Mehr Housing Project in the Iranian capital will be completed by the end of the current fiscal year (March 20, 2018), announced the director of housing and…
Recent improvements in the Iranian banking system such as the adoption of Financial Action Task Force regulations, positive forecasts by the International Monetary Fund and the gradual…
The government’s new tax bill–sent to the parliament in March–to enlarge the value added tax exemption list to include insurance firms and foreign banks’ services has now been taken up by the…
Even though a handful of Iranian banks are fighting formidable challenges, including unhealthy balance sheets and thin capital cushions, they are not facing any existential threats, said a Central…
Tehran Stock Exchange’s main index lost 224.39 points or 0.27% to end Saturday trade at 80,228.9.
About 440 million shares valued at $30.17 million changed hands for the day.
Pars…
About 30% of agricultural products in Iran go to waste every year, costing the country’s economy over $5 billion per annum.
In fact, the canning industry is among the most important…
Iranian flat steel importers and traders were seeking lower prices to offset weakening sentiment in Iran’s domestic market.
“Prices in the local market are decreasing day by day,” one…
The initial enthusiasm in Iran’s capital market following the reelection of President Hassan Rouhani in late May has faded and the market has been on a downtrend ever since.
Iranian Mines and Mining Industries Development and Renovation Organization was the world’s 25th largest producer of crude steel in 2016 with 14.02 million tons. According to World Steel…
The closure of Iran-related bank accounts by Emirate banks has been going on for years and no new regulation has been communicated in this regard, the head of Information Technology Department at…
The Central Bank of Iran and the Iranian Parliament are working closely to resolve the issues surrounding the Caspian credit institution and the overall saga of shadow banks engulfing the informal…
The merger of distressed small financial institutions with major banks will help solve the sector’s problems, the director of research department at the Banking and Monetary Institute said. “The…
Money and Credit Council–a decision-making body–has called on state-owned lenders for the first time to make their financial data publicly available in line with measures to boost transparency.…
After the lifting of some of Iran's sanctions following the nuclear accord, the country's banking system connected with small Malaysian banks though there are still no ties with major lenders, the…
Tehran Stock Exchange’s main index inched up 1.80 points or less than 0.01% to end Wednesday trade at 80,513.3.
Wednesday is the last trading weekday at TSE.
About 573 million shares…
Iran plans to raise its annual cement production to 120 million tons in eight years as per the strategic planning document incorporating the country’s 20-Year Vision Plan (2005-25).
Iran’s steel consumption has experienced a downtrend for the past six years, highlighting the country’s ailing market and subdued demand.
The country’s apparent steel use per capita stood…
Khouzestan Steel Company’s profits in the last fiscal year (March 2016-17) surged over 300% to 6.7 trillion rials ($176.31 million) compared to the year before, the company’s manager, Modarres…
Minister of Roads and Urban Development Abbas Akhoundi has reiterated what has been stressed by many officials in the past few months that the ailing Iranian housing sector is emerging out of…
A delegation from the Central Bank of Turkey will soon meet their Iranian counterparts in Tehran to remove hurdles in the way of bilateral banking relations, particularly difficulties involving…
Iranian bank accounts in a handful of regional countries are being closed en masse due to reasons ranging from strained ties with Persian Gulf Arab states to Turkish foreign exchange policies,…
Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production, the bank’s…
Tehran Stock Exchange’s main index lost 96.40 points or 0.12% to end Tuesday trade at 80,511.5.
About 619 million shares valued at $42 million changed hands for the day.
Pars Tile…
The Producer Price Index (using Iranian year to March 2012) stood at 236.2 in the Iranian month of Ordibehesht (April 21-May 21) compared with the previous month’s 236.3, suggesting that average…
