According to the Trade Promotion Organization of Iran (TPO), Iran was the biggest exporter of steel to Iraq in 2013, Fooladnews reported on Wednesday.
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.
Iran Mine House (IMH) has decided to form a special committee for mineral laboratories aimed at providing services to the private sector, Eghtesadnews cited deputy chairman of the IMH Mohammad-…
Wednesday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of 227 tons of scrap metal in the secondary market by the Islamic republic of Iran Shipping Lines (IRISL), IME…
Stocks at the Tehran Stock Exchange (TSE) failed to get a boost with all indices settling in red, pushing the TEDPIX to mark its third consecutive negative trading day at Wednesday close.
The National Development Fund of Iran (NDFI) allocated €118 million to finance a steel ingot manufacturing project in Iran Alloy Steel Company (IASCO), IRNA reported. The NDFI will inject the fund…
For the first time in Iran's history, arc steel sections are being manufactured by Esfahan Steel Company (ESC), IRNA reported on Wednesday. The steel section, technically known as V21, is highly…
Four insurance companies have received penalties from the country’s main insurance regulator, Central Insurance of Iran (CII), IRNA reported on Tuesday. The four companies are Iran Insurance…
The plan proposed last year by Bank Maskan (Housing Bank) to increase the mortgage ceiling from 350 million rials to 600 million rials ($21,000 at official exchange rate) is now being assessed by…
Top managers of private and state-owned banks eventually agreed last week to set the deposit rate ceiling at 20% (for one-year deposits), down from 22%. The decision is yet to be finalized by the…
Central Bank Governor Valiollah Seif highlighted Iran’s economic achievements in the year to March 20, 2014 (last fiscal year) at a meeting with Christine Lagarde, managing director of the…
Iran’s gold market could remain stable in the coming days though political developments in the region could directly impact the global market of gold, said an expert in Tehran.
Mohammad…
The majority of imported tires can be domestically manufactured but are only welcome in the market due to their competitive prices, said an official at the Tire Industry Association of Iran,…
Processing gypsum and using modern technologies to produce such valuable mineral would generate great profits for the country and especially the northern Semnan Province, which is the supplier of…
The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor featured 54 grades of various polymers offered by local petrochemical complexes on Tuesday trading.
The TSE’s benchmark failed to get back on track and retreated again at Tuesday close, with all indices settling in red territory.
Three representatives from the Chinese state-owned company MCC have arrived in Tehran for talks on injecting €1.8 billion to finance seven national steel projects by May 21, Fooladnews quoted…
Iran produced 518,000 square meters of medium-density fiberboard (MDF) during the last Iranian calendar year (ended March 20), indicating 21% growth compared with the preceding year, announced an…
The equity market’s systemic risks, and investors’ dented sentiment kept dragging down the Tehran Stock Exchange (TSE)’s overall index at Monday close.
A tentative nuclear deal between Iran…
Esfahan Steel Company (ESC) produced a record high of 2.7 million metric tons of crude steel during the past Iranian calendar year (ended March 20), indicating 20% growth compared to the previous…
Next year, the Iran Mercantile Exchange (IME) will be celebrating its decennial. The bourse has quickly turned itself into the largest commodity exchange in the Middle East in terms of volume.
Around 102,000 tons of various commodities were supplied in the Iran Mercantile Exchange (IME)’s spot market on Monday. According to IME public relations, more than 18,900 tons of chickpea, 10,370…
If the ruble’s value stabilizes, a plan for bypassing the US dollar and euro in Iran-Russia trade could take effect in the current fiscal year (which started March 21), said Mohammad Hossein…
The dollar rose in Tehran on Monday as equities fell to a two-week low.
The greenback gained 0.45 percent and changed hands at 33,390 rials by 11:33 GMT in Ferdowsi Street – heart of…
No Swiss delegations have visited Iran over the past eight years, but at least six of them are set to explore the Iranian economic and political atmosphere by the end of June, a Swiss diplomat…
Agriculture received its lowest share of financing in the last four years, despite a 44 percent growth in lending during the previous fiscal year (ended March 20). The agriculture sector received…
