On December 3, as many as 9 major cities across Iran were officially covered with the wireless communication of high-speed data for mobile phones and data terminals known as Long-Term Evolution,…
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 Central Bank of Iran announced on Wednesday it is the sole authorized body to release information about banks and financial and credit institutions.
The real estate industry posted a brief gain in summer (June 22-September 22), followed by a slight drop in the average price of land and residential properties year-on-year, the Statistical…
Wednesday’s trade at the Iran Mercantile Exchange (IME) included 50,000 tons of graded iron ore produced by Mishdovan Iron Ore Mine Company, at the base price of $30 per ton, on the export trading…
The Tehran Stock Exchange (TSE)’s main index recorded a fresh decline on Wednesday, as the largest listed companies left a negative impact on the benchmark at the end of the day.
Iran’s premier container-handling port of Bandar Abbas is likely to enjoy a second consecutive year of growth, due to a recovery in Iran’s economy since the easing of sanctions imposed in the…
German businesses are optimistic about the restoration of German-Iranian trade ties back to the pre-sanction levels in the coming months, a board member of the Berlin-based business advocacy group…
More than 528,000 metric tons of commodities were offered on the spot market at Iran Mercantile Exchange (IME), reported IME’s public relations and international affairs office on Tuesday.
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The serious crisis faced by the steel sector during the past Iranian calendar year (ended March 20, 2014) resulted in the closure of 40% of small-scale iron ore mines across the country,…
The Iran Mercantile Exchange said it was considering the import of scrap iron from the Commonwealth of Independent States (CIS) through the Interexchange Electronic Union (IEU), reported IME’s…
After 5 days of steady downtrend that resulted in more than 5 percent slump in the equity market’s benchmark, the Tehran Stock Exchange (TSE) initiated crawling up to recover a small chunk of the…
The Securities and Exchange Organization (SEO) has criticized the banks for offering interest rates of higher than 22% - as instructed by the Central Bank of Iran (CBI), reported MNA on Tuesday.…
In a bid to attract foreign investment especially in industrial sectors around Tehran province, the Industry, Mine and Trade Organization of Tehran has organized a conference on developing…
An integrated strategic document for state-owned banks has been devised by the ministry of economic affairs and finance, announced the advisor of the economy minister for strategic management,…
A ministerial directive has instructed Iran Insurance Company to enhance the capacity of the insurance market by covering unknown risks that may be faced by the national economy, said Mojtaba…
Current fluctuations in the currency market are short-lived as the government is recommended to cautiously intervene in the market, Hamid Zamanzadeh, a researcher at Iran’s Monetary and…
Iran’s startup web companies have come on leaps and bounds in the past twelve months. This week the Iranian Website News Agency highlighted a new startup called Kadokado.ir (originating from the…
Merchants can now exchange their foreign currency earnings at free market rates, partially easing trade and preventing cronyism.
The National Development Fund of Iran (NDFI) can invest 10 percent of its incoming money in specialized banks from now on. The sovereign wealth funds’ reserves can then be paid as foreign currency…
In his message to the fourth international and eighth national conference of technology management (IRAMOT 2014), the minister of science, research and technology said that the ministry seeks to…
The governor of the Central Bank of Iran warned banks not to stand in the way of the government in reaching its goals towards curbing inflation and promoting economic growth.
Referring to…
New commercial banks must be opened in free trade zones (FTZs) if we are to attract future investors, Managing Director of Aras Free Zone, Mohsen Khadem Arab-baghi, said on Sunday, IRNA reported…
The chairman of the board and CEO of Bank Keshavarzi (Agriculture Bank) said his institution is attempting to boost the bank’s capital and is in desperate need of government’ support, Banker.ir…
After a week of depreciation, the rial rebounded against a basket of major currencies on Monday, with the dollar sliding over two percent to 33,800 rials and the Azadi bullion coin slipping 0.68…
A top official with the Central Bank of Iran (CBI) said on Monday that the bank is planning to lower the inflation rate to 13 percent for next Iranian year, starting March 21, 2015, MNA reported…
