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.

  • Taskforce to Prevent Hoarding of Gov’t-Listed Goods
    Minister of Industries, Mining and Trade Mohammad Shariatmadari unveiled on Saturday the list of products included in the drive called “Intensified Fight Against Hoarding and Stashing” in a letter...
  • Businesses Dogged by Excessive Regulations
    The tendency of government agencies to enforce unnecessary restrictive regulations has become the most important obstacle in the way of innovative startup businesses, especially online businesses...
  • $239m Supplied to Meet Public Forex Demand
    The Central Bank of Iran has supplied $239 million over the past three months at the official exchange rate to satisfy public demands for foreign currency to pay for medical, educational,...
  • Iran Government to Expand Secondary Forex Market
    As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally...
  • 90 Percent of Iranian  Pension Funds Bankrupt
    Of the 20 funds paying pension to retirees in Iran, 18 are bankrupt, a member of Majlis Social Commission said. Rasoul Khezri added that all the pension providers in Iran are in a state of...
  • EU Countermeasures Against US Sanctions Questioned
    With the reimposition of US sanctions on Iran expected to come into effect in autumn,...
  • Stock Investors in Wait-and-See Mode
    Investors took a wait-and-see approach last week at the stock market, as political tensions escalated between Iran and the United States, with the first wave of sanctions against the Islamic...
  • Tehran Home Sales Cool as Prices Surge
    Residential deals in Tehran cooled in mid-summer but prices continued on their rising trajectory, the latest data released by the Central Bank of Iran show. A report published on CBI's website on...
  • Hemmati, 61, is the former head of Central Insurance of Iran who became the 18th head of the country’s central bank.
    Abdolnasser Hemmati, the newly-appointed governor of the Central Bank of Iran, has in his first comments as the country's top monetary policymaker pledged to promote the country's economic growth...
  • Growth Owes to Allocation of Loans to  Private Sector, Development Budget
    The 4.3% economic growth for Iran confirmed by the International Monetary Fund in its April report is thanks to the allocation of 190 trillion rials ($4.41 billion) in loans to the manufacturing...
  • Theft Cases Increase 7%
    A total of 585,906 cases of theft were reported in the fiscal 2016-17, registering a rise of 7% compared with five years before, the Statistical Center of Iran said. The nationwide rate was one...
  • Forex Trading at 3 Rates in 3 Markets
    A third unofficial foreign exchange market has emerged, despite the government's efforts to prevent the turbulent currency market from spiraling out of control, a lawmaker warned. "In fact, a third...
  • ESCO Readies 2nd Batch of U33 Rails
    Esfahan Steel Company has produced the second batch of rails to be delivered to the Islamic Republic of Iran Railways. The batch contains 1,000 tons of U33 rails as part of ESCO's commitment to...
  • Social Security Organization Comes Under Private Sector Fire
    Iran’s Social Security Organization does not abide by the law and it has caused numerous problems for different businesses, said representatives of the private sector in the 19th session of Tehran...
  • Austria’s Kontrollbank to Guarantee Iran Business
    The Oesterreichische Kontrollbank AG (OeKB) will issue guarantees for the overwhelming majority share of Iran-Austria trade, the president of Vienna Economic Chamber has said. "During our...
  • Rent Contract Bill to Help Tenants
    Iran’s Ministry of Roads and Urban Development is pursuing a change in the way home rent contracts are devised to curb skyrocketing rents and provide a helping hand to frustrated tenants that have...
  • Investment Funds Stage Lackluster Performance
    According to data released by Financial Information Processing of Iran, the 214 investment funds in Iran’s capital market posted an average return of -0.08% during the fourth month of the current...
  • TEDPIX Ends Week at 108,800
    Tehran Stock Exchange’s main index gained 404.11 points or 0.37% on Wednesday to end trading at 108,800. About 2.45 billion shares valued at $79.71 million changed hands at TSE for the day....
  • Call for Boosting Secondary Forex Market
    The Majlis Economic Commission criticized the government’s poor handling of a crisis that hit the hard currency market in April and stressed the need for measures to boost the Secondary Forex...
  • Hemmati Appointed CBI Chief
    The Cabinet on Wednesday agreed to appoint Abdolnasser Hemmati as the new governor of the Central Bank of Iran, a move widely seen as the first step in the widely expected reshuffle of President...
  • Iran’s Cryptocurrency to Back Bank Transactions in 1st Phase
    Iran's in-the-works national cryptocurrency, which is expected to be unveiled soon, will in its first operational phase solely focus on clearing limited bank transactions, a top advisor to the...
  • TEDPIX Trade Lukewarm
    Tehran Stock Exchange’s main index lost 263.05 points or 0.24% on Tuesday to end trading at 108,395.9. About 1.11 billion shares valued at $61.90 million changed hands at TSE for the day. Trading...
  • Iran to Use Turkmenistan-Bound Wagons  for Exporting Cement to Uzbekistan
    Iran plans to use Turkmenistan-bound wagons to facilitate cement exports to Central Asia, especially Uzbekistan, an official with the Islamic Republic of Iran Railways said. “Based on bilateral...
  • Pistachio Exports Grow 50%
    Around 123,000 tons of pistachios worth $1.2 billion were exported from Iran during the nine months since the beginning of the current crop year (September 23, 2017, to June 2018), registering a 10...
  • Saman-Munich Re Partnership Endures
    The contract signed by Saman Insurance Company with Munich Re last year is still binding, despite new developments in the wake of the US pullout from the Iran nuclear deal, the company’s CEO...

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