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.

  • 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...
  • 43 Medical Centers Under Construction
    Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said a total of 43 medical centers are under construction in Iran while studies are being carried out to soon build 58 more.  In the...
  • TEDPIX Trade Ends Lower
    Tehran Stock Exchange’s main index lost 171.92 points or 0.16% on Monday to end trading at 108,658.9. About 697 million shares valued at $60.77 million changed hands at TSE for the day. Trading...
  • Other foreign currencies also gained against the rial on July 23.
    Foreign exchange rates and gold coin prolonged their rallies on Monday, amid news of President Hassan Rouhani deliberating changes in his economic team, which will likely replace the governor of...
  • Bank Maskan Loans Top $680m in Q1
    Bank Maskan, the agent bank of Iran's housing sector, allocated a total of 30 trillion rials ($686 million) to all applicants during the first three months of the current fiscal year ending June 21...
  • Over 33.14b shares valued at $1.99 billion were traded on TSE last month, registering a 32.8% and 21.3% growth in volume and value respectively compared to the month before. (Photo: A. Batatloo)
    Predictability in Iran's stock market these days is gone and investors are going down the rabbit hole with it.  They still eye companies' performance, macroeconomic indices and parallel markets'...
  • More Industrial Units Established
    The Ministry of Industries, Mining and Trade issued 2,861 permits for the establishment of industrial units during the first two months of the current Iranian year (March 21-May 21), which shows an...
  • US Sanctions on Iran Pinch Indian Tea, Rice Exporters
    Indian traders of basmati rice and tea have started to feel the heat from US sanctions looming on Iran.  
  • Economy Ministry Releases 11-Month Performance Report
    As we approach the first anniversary of the second term of President Hassan Rouhani’s administration in mid-August, the Ministry of Economic and Finance Affairs has released its performance report...
  • Full CBI Control Over Financial Sector by Sept.
    The Central Bank of Iran, the lending sector’s top regulator, plans to use its authority to bring the rogue credit cooperatives into line within two months, the CBI’s deputy for supervisory affairs...
  • Iran Dismisses  Sri Lanka Oil  Debt Swap With Tea Proposal
    Iran has described as “impossible” Sri Lanka’s proposal to clear its oil debts worth $250 million to Iran with tea. Lucille Wijewardena, chairman of Sri Lankan Tea Syndicate, said the offer made by...
  • Isfahan Airport to Increase Plane Parking Capacity
    Isfahan International Airport’s parking project has started with the aim of increasing the airport’s parking capacity from 10 to 23 airplanes, the director general of Isfahan Province Airports...
  • Orange Exports at 16,700 Tons
    Some 1.8 million tons of oranges were produced in Iran during the last Iranian year (March 2017-18), more than 16,700 tons of which were exported. The announcement was made by Tehran Chamber of...
  • Bank Lending Up 16.3% in Q1 2018-19
    All banks and credit institutions in Iran allocated 1.17 quadrillion rials ($27 billion) as loans during the first three months of the current fiscal year to June 21, up by 16.3% in comparison with...
  • Fresh Forex, Gold Coin Rally in Tehran Market
    After a period of calm, the US dollar is once again surging in the unofficial market along with other major currencies against the rial.  The forex rally is joining hands with gold coins to form a...
  • The IFB debt market, where most of the Islamic bonds are sold, is currently worth over $13 billion.
    Average yield to maturity in the Iranian debt market has jumped in recent months and is now hovering above 27%. The uptick is mainly due to lower demand for bonds caused by the growing attraction...
  • A total of 17,347 job opportunities were up for grabs during the latest recruitment examination.
    Women accounted for 232,661 or 63.54% and men for 133,509 or 36.46% of all the participants in the fifth edition of recruitment exam for public services posts held on July 6, the top counselor with...
  • About 1.34 billion shares valued at $170.66 million changed hands at TSE on July 22.
    Tehran Stock Exchange’s main index gained 535.28 points or 0.49% on Sunday to end trading at 108,830.8. About 1.34 billion shares valued at $170.66 million changed hands at TSE for the day....
  • 13% of HSA Loans for Old Neighborhoods
    Mortgage loans for homes located in dilapidated parts of cities accounted for 13.2% and 13% of the total number and value of home loans, respectively, following a popular mortgage initiative by May...
  • Underwriting of SAIPA Bonds Underway at TSE
    Iran’s second-largest auto producer has started the underwriting process of its 390-trillion-rial ($92.8 million) worth of Islamic bonds on Tehran Stock Exchange. Starting Saturday, the process is...
  • Secondary Forex Market Rates to Soar
    The supply of currency to the Secondary Forex Market will decrease in the coming months, as export gains will fall due to the government’s current approach toward exports and the rising demand for...
  • SSO to Insure Employees of Online Firms
    An initiative by the Social Security Organization to extend employee insurance coverage to online businesses will take effect shortly, the deputy head of SSO for insurance affairs said. SSO is in...
  • Travel Currency Policy Facing Revision
    Confirming rumors of an imminent change in the Central Bank of Iran’s policy to allocate subsidized currency to outbound tourists, the head of CBI’s Forex Policies & Regulations Department has...

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