Sanctions have given gold a lot of headline space in Iran, mostly in relation to the gold trade with Turkey. However, gold production is another field in which Iran has invested much 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.
Iran and Russia plan to hold a monetary-banking conference in Tehran. The event will be jointly organized by Iran-Russia Chamber of Commerce and the Chamber of Commerce and Industry of the Russian…
Nearly 90 percent of manufacturing units rely on banks’s financial assistance to address their cash flow needs, an official with Iran’s chamber of commerce said.
Khosro…
The administration’s efforts to raise funds for implementation of capital projects have been “dissatisfactory,” Mohammad Hossein Farhangi, member of the parliament’s board of directors, stated.
The Central Bank of Iran is playing the role of “the regulator” in the money market as it tries to regain control and stature.
A copy of a directive issued by the CBI to all commercial…
Now is the opportune time for western multinational companies to build effective plans for the Iranian market, which will gradually open once a nuclear deal is eventually reached. As the…
Close to 240,000 tons of various chemicals, bitumen, sulfur, vacuum bottoms, I-beams, iron ore, aluminum ingot, gold bullions, and frozen chicken were supplied at Iran Mercantile Exchange (IME) on…
Cement factories across the country have resumed producing clinker three weeks after they stopped production, Donya-e-Eghtesad reported.
C ar imports accounted for more than 6% of the total value of imports during the past fiscal year – which ended on March 20, 2014 – indicating that despite criticisms, the car import business…
All indices contributed to an uptrend at the Tehran Stock Exchange (TSE), which helped the TEDPIX to keep rebounding at Wednesday’s close, though 0.38 percent won’t indicate that bulls are on…
A steel sector expert says Iran has the highest level of raw mineral exports in the region, while most other countries limit or ban the export of unprocessed minerals to produce more value added…
The government plans to create special committees in each province to address NPLs or non-performing loans, which are reaching a worrying level, President Hassan Rouhani announced on Tuesday…
Iran’s second largest provider of mobile phone line and internet services has announced it has upgraded Iran’s southern Persian Gulf city of Bandar-Abbas and surrounding areas to 4G LTE internet…
Although the Central Bank of Iran has warned the public not to invest with illegal credit institutions, “this is at best merely an informative act,” an advisor to minister of industry, mine, and…
W e all love a stable currency. It is the basis of our daily business, both foreign and domestic. None want it more so than central banks, which are mandated to safeguard the currency’s value,…
Iranian commercial banks provided more than 2.38 quadrillion rials ($86.5 billion at official exchange rate) in loans in the first nine months to December 21, ISNA reported on Wednesday. …
As many as 4,000 shareholders of iron ore mines have signed a petition to the president’s office, asking President Hassan Rouhani to personally intervene the controversial mine royalties issue,…
Dumping of cheap steel by China is threatening Iran's steel industry and can cause irreparable damage if not dealt with promptly, warned the deputy chairman of the Iranian Steel Producers…
The central bank responded to criticism that it fell short of expectations on provision of free-interest loans to newly-weds.
In a statement released online on Monday, the bank rejected a…
Iran’s second largest mobile operator Irancell has announced it opened a new service center in Jahrom, Fars Province.
The center was opened in the presence of the company’s supply and…
Bank Mellat is offering Qeshm islanders special cards to provide better banking and identification services to the islanders.
Qeshm Free Zone authorities are cooperating with Bank Mellat in…
On Jan. 27, Iran’s ambassador to Russia, Mehdi Sanaei stated that the two countries are well on their way to offering visa-free travel for citizens of both countries by the end of 2015.
The…
The recent $1.2 billion payment by the Central Bank of Iran, to the administration is “common procedure and has unjustly been blown out of proportion,” CBI Governor Valiollah Seif said on Tuesday…
Interbank bank data services between provinces will go offline for a week from Wednesday, for infrastructural changes in the network.
Four-hundred and ten mineral and industrial projects will be inaugurated on the 36th anniversary of the 1979 Islamic Revolution (February 11, 2015), Mehrnews reported. The projects, worth 51.24…
