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.

  • Bank Loans Hit €18 Billion in 4 Months
    Banks and credit institutions allocated a total of 1.67 quadrillion rials (€17.92 billion) to various sectors of the economy during the first four months of the current fiscal year that ended on...
  • Sanctions, Banking Troubles Facing Iranians in Hong Kong
    Banking for companies that do business with Iran–as well as for Iranians themselves–is likely to get even more complicated in the near future.  This month, a first round of US sanctions was put...
  • Larestan Airport to Operate Flights to Muscat
    Larestan International Airport located near Lar, a city and capital of Larestan County in Fars Province, will operate flights to Muscat, the capital of Oman, from August 29, the news service of...
  • TEDPIX Trading Tops 134,000
    Tehran Stock Exchange’s main index gained 2,818.97 points or 2.14% on Sunday to end trading at 134,354.8. About 1.85 billion shares valued at $61.96 million changed hands at TSE for the day....
  • Iran Chamber of Commerce Urges FATF Compliance
    Iran Chamber of Commerce, Industries, Mines and Agriculture, the country's largest private sector group, has emphasized the necessity of Iran joining the inter-governmental Financial Action Task...
  • Home Savings Deposits Cross $2 Billion
    Major savings initiatives in Iran aimed at easing home purchase and construction have continued to grow since the current Iranian year began on March 21. According to Bank Maskan, the state-run...
  • New Foreign Exchange Policy:  Exporters’ Savior or Bane?
    The  new forex policy, announced last week by the Central Bank of Iran, which will partially remove the ceiling for the price of the dollar and allow more freedom for market changes, has sparked a...
  • An Iraqi peddler displays Iranian currency for sale in the capital Baghdad on Aug. 9.
    Iraqi Prime Minister Haider al-Abadi has raised the level of uncertainty over how Iraq...
  • CBI Delivering 2.5m Presold Gold Coins
    The Central Bank of Iran has started the delivery of 2.5 million presold gold coins with a six-month maturity. “As of today, August 19, the delivery phase of the six-month maturity presale plan has...
  • Private Housing Investments Rise
    The uptrend in private sector investments in the housing sector is the conclusive sign that the long-ailing sector is enjoying a boom period, a senior official at the Ministry of Roads and Urban...
  • When the new terminal at Ardabil Airport becomes operational, four airplanes can land and take off simultaneously.
    The construction of a new terminal at Ardabil Airport, located in the northwestern Ardabil Province, has made 99% progress and will soon become operational, the director general of Ardabil Airports...
  • Tehran to Host Handmade Carpet Expo
    The 27th Iran Handmade Carpet Exhibition is scheduled to open at Tehran International Permanent Fairground on August 25. According to the official website of the event at www.idro-fairs.com, the...
  • Interest Rate Growth Gathers Pace
    Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit (CD) at interest rates higher than the current ceiling, reinforcing months-long speculations that the...
  • CBI Outlines Top Priorities
    The governor of the Central Bank of Iran, who took the reins of the policymaking body late last month, has outlined his top priorities for solving the problems and instilling stability in the...
  • Civil Servants Pension Fund Planning to Downsize
    The Civil Servants Pension Fund is planning to cede either portions of its shares or total ownership in 99 of its subsidiaries, most of which are underperforming and bleeding cash. “In line with...
  • Colza Production Breaks 30-Year Record
    Colza production in Iran since the beginning of the current Iranian year (started March 21) has reached 355,000 tons, which marks a 30-year high, the director of Agriculture Ministry’s “National...
  • About 1.23 billion shares valued at $35.19 million changed hands at TSE on Aug. 18.
    Tehran Stock Exchange’s main index gained 1,059.06 points or 0.81% on Saturday to end trading at 131,536. About 1.23 billion shares valued at $35.19 million changed hands at TSE for the day....
  • AML Bill Faces Objection
    Iran’s Guardians Council ruled an anti-money laundering bill passed by the parliament to be inconsistent with the Iranian Constitution and Islamic law, sending it back to the legislature for...
  • Farming PPI Rises 14%
    The Producer Price Index for the sector of “Farming, Horticulture and Traditional Husbandry” in the 12 months ending June 21, which marks the end of spring, increased by 14% compared with last year...
  • Economic War on Iran Is War on Eurasia Integration
    Hysteria reigned supreme after the first round of US sanctions were reinstated against ...
  • German Rail Operator, Deutsche Telekom End Iran Projects
    German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after...
  • Mashhad Hosting 5 Int’l Expos
    The eastern city of Mashhad in Khorasan Razavi Province is hosting five international exhibitions these days. The events include 20th Mashhad International Exhibition of Industry, 13th Mashhad...
  • Plan to Name and Shame Major Loan Defaulters
    A counter-corruption parliamentary commission has submitted its findings on 31 of the largest bank loan defaulters to the judiciary, as the crackdown on corruption intensifies, the head of the...
  • Decline in Forex  Rates Expected
    While the foreign exchange rates are still considered bullish by most observers, both officials and businesspeople expect the market to stabilize in the coming days, as the latest rescue package...
  • Emirati Paper: Baghdad Expected to Maintain Strong Economic Ties With Tehran
    Iraq’s ties with Iran are likely to grow stronger as a result of renewed US economic sanctions on Tehran. Iran is Iraq’s second-largest trading partner after Turkey, supplying everything from gas...

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