The rial fell against all major currencies on Monday as stocks tumbled to fresh lows on investor fears that the recent sharp drop in oil prices will damage the Iranian economy’s recovery.
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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 Export Development Bank of Iran is taking advantage of the country’s improving relations with the world. The bank is increasing its financial activities, providing loans and letters of credit…
Police have arrested a gang of forgers with over a thousand counterfeit notes near the Turkish border on Monday, Banker News reported. The raid took place in Khoy in the northern province of West…
Based on the market demand, the National Iranian Copper Industries Company (NICIC) was offering close to 4,000 tons of copper cathodes, at the base price of 214,308 rials per kg, on the industrial…
The initial margin in Tehran’s gold futures market will go up by five percent from Wednesday December 17, as coin futures trading picks up on safe haven demand.
Domestic steel producers in the private sector produced more than 3 million metric tons of crude steel and steel products during the first 7 months of the current Iranian calendar year (March 21-…
Bearish trend kept weighing on the Tehran Stock Exchange (TSE)’s overall index on Monday, with fear gripping investors to extend selloffs, and dragging down the equity market indices once again.…
Iranian lawmakers passed a bill during their Wednesday public session based on which the Iran Mercantile Exchange (IME) would be the reference for setting petrochemical prices, reported ISNA on…
More than 3,500 megawatts of electricity was traded at the Iran Energy Exchange (IEX) on Monday, the Ministry of Energy’s news agency reported. The minimum price per megawatt recorded at the IEX…
Initial Public Offerings (IPO) of 8 companies will be launched at the Iran Fara Bourse or over-the-counter (OTC) on January 3, 2015, SENA reported. The upcoming creation units will be transferred…
The office for economic studies of the Parliament Research Center has conducted a study to find ways to improve Iran’s rank in the annual reports published by the World Bank known as the “Doing…
The International Organization for Standardization (ISO) has awarded two quality management certificates to Bank Refah Kargaran.
After assessing 28 branches of Refah Bank, the international…
Deputy economy minister Mohammad Parizi unveiled the government’s main plans for revising the banking system during a specialized meeting held last Thursday to assess the performance of Tejarat…
The Azadi gold coin hit an eight-month high as stocks plummeted on the anticipation of further rises in gold prices in the last working week of 2014 and an increase in safe haven demand due to…
First Vice President Es’haq Jahangiri will meet on Tuesday with the CEOs of public and private banks as well as with the managers of credit and financial institutions, MNA reported on Sunday.…
The National Iranian South Oilfields Company has finalized a tripartite contract with a steel company and an oil pipeline company to build 280 kilometers of pipelines, IRNA quoted an NISOC…
One of Iran’s major carmakers says it has held serious negotiations with a German economic delegation, which is also a member of the German Near and Middle East Association (NUMOV), with the aim…
Sunday’s trade included various commodities from 30 Iranian and foreign suppliers on the spot market at the Iran Mercantile Exchange (IME) for potential customers, the IME’s public relations and…
Tehran Stock Exchange continues to go through its fresh bearish trend amid the oil price freefall. Yet again, investors' overreaction drastically dragged down the benchmark at Sunday's close.
The Food and Agriculture Organization of the United Nations (FAO) announced that Iran’s total grain production within the current crop year (ended October 23), have recorded a 900,000-ton decrease…
A private consortium has won the tender to exploit the 5th phase of Golgohar mine in Kerman Province. The tender was launched aimed at developing mines across the country by making best use of the…
The US Department of Justice is tightening the screws on banks that knowingly or unknowingly circumvent US and international sanctions against Iran and several other countries. The settlements,…
The representative for the towns of Khalkhal and Kowsar in the parliament, Jalil Jaafari, has said that a special economic zone will be set up in the northern Ardebil Province.
The deputy governor for banking supervision at the Central Bank of Iran criticized recent attacks against the involvement of banks in non-banking activities, saying that the criticism has…
The capital of commercial banks is likely to be raised by $5 billion from the resources of the National Development Fund of Iran (NDFI), the deputy for parliamentary affairs of the vice presidency…
