The minister of industry, mine and trade has called for the acceleration of investment in an iron ore concentrate plant in Hamedan Province, IRNA reported on Tuesday.
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.
If the postponement of the nuclear deadline came as a disappointment to many, Iran’s auto industry, the largest non-oil sector in the country, looks set to benefit from the seven-month extension…
The recent broad retreat at the Tehran Stock Exchange (TSE) pushed down the benchmark to its previous record low, highlighting the TSE's unique Price Earning (P/E) ratio, which provides an…
More than 666,000 tons of lead ore have been produced by 3 subsidiaries of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), within the first 8 months of…
Following some speculations about possible replacements in the leadership of the Securities and Exchange Organization, new media reports claim that the successor to the incumbent SEO chairman, Ali…
Foreign exchange facilities of the Export Development Bank of Iran have gone up by 40 percent in line with Iran’s rising exports as sanctions against the country ease.
Iranian banks are a viable instrument for linking the country to the global economic system, said a European banking analyst, Banker News Agency reported.
The Financial Tribune has conducted a field research on premium services offered by commercial banks in Tehran. It has found that not all the banks offer premium services and that some services…
The Central Bank of Iran is mounting a three-pronged attack to curb corruption, says the bank’s governor Valiollah Seif. The bank is working to change structures, methods and technology to counter…
The administration plans to raise the lending power of commercial banks by $20 billion dollars. Five billion dollars from Iran’s Oil Stabilization Fund will be used to increase the capital of…
The government, on Sunday, submitted a detailed bill to the parliament for ratification based on which the feedstock for the industrial units, power plants, refineries, and petrochemical…
Based on market demand, close to 183,000 tons of steel sections, polymers, bitumen, vacuum bottom, lube-cut oil, granulated sulfur, copper, wheat, and corn were up for grabs at the Iran Mercantile…
The major global players in the wire industry will gather in Tehran to attend the second international exhibition on wire, cable, rod, and tube industries, known as Iran Wire 2014, IRNA reported…
All indices contributed to help TEDPIX get back on track at Monday’s close, persuading risk-averse investors to garner devaluated shares, instead of lining up to get rid of them.
The shortage of iron ore will cause a serious crisis for the steel sector in the future if the Balance Plan for steel continues to be ignored, said Mehdi Karbasian, the managing director of…
A new iron ore concentrate production unit named Saba Nour Company (SNC), with nearly 600,000 tons of annual capacity, will be launched in the western province of Hamedan within the next few days…
Close to 180,000 tons of clinker of Firuzkouh Cement Company (FIKCC) has been exported to Russia and the members of the Commonwealth of Independent States (CIS) since April 21, IRNA quoted the…
The head of Iran’s Chamber of Commerce, Industries and Mines has said the rise in the number of foreign business groups visiting the country is indicative of great investment prospects.
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The director of provincial affairs for Iran Chamber of Commerce, Mozafar Alikhani said the setting up of specialized exhibitions as a tool for the development of exports is a priority for the…
The governor of the Central Bank of Iran revealed the details of a 120-trillion-rial ($4.4 billion) corruption case in the banking network, recently announced by Economy Minister Ali Tayebnia.…
An statistical report on the performance of Export Development Bank of Iran (EDBI) for the first seven months of the current Iranian year May 21- October 21, 2014) was released, revealing details…
The managing director of a major steel producer criticized the low quality of imported steel products, calling on the government to impose higher tariffs on steel imports, reported Fooladnews on…
For the upcoming Iranian calendar year (starting March 21, 2015), the government will benefit from royalty payments as high as 30% in the iron ore mines, reported ILNA on Sunday.
Sunday’s trade at the Iran Mercantile Exchange (IME) included offers of imported commodities from Russia, China, India, and Kyrgyzstan, the IME’s public relations and international affairs office…
The Tehran Stock Exchange (TSE)’s benchmark headed for a third straight consecutive day of losses, notching a fresh record low following Sunday’s lackluster trade.
