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.

  • German Companies Seek Ways to Keep Doing Business With Iran
    Germany’s small-to-medium-sized firms, or Mittelstand, are scrambling to work out how to maintain business in Iran after a meeting between Germany’s foreign minister and his US counterpart dashed...
  • Billet Export Prices Increase
    Iranian export steel billet prices picked up in the week ended May 23 because of the limited...  
  • Majlis Forex Options Still on Agenda
    Chairman of Majlis Economic Commission said on Tuesday a parliamentary measure to manage the foreign exchange market is still on the agenda, but lawmakers are giving the government more time to see...
  • Georgia’s TBC Bank Clarifies Restrictions
    The Georgian TBC Bank provided clarifications on a directive it issued last week to impose banking...
  • Volvo CE Offers €200m Worth of Mining Machinery
    Volvo Construction Equipment has offered to provide Iran with €200 million worth of mining machinery, Iranian Mines and Mining Industries Development and Renovation Organization reported.  Volvo...
  • Over 6.28 billion shares valued at $716.54 million were traded on TSE last week, down 17% and up 67% respectively compared to the week before.
    Tehran Stock Exchange’s all-share index, TEDPIX, gained 505 points or 0.5% during the week that ended on March 23 to close at 95,445.1. Iran Fara Bourse’s benchmark index, IFX, gained 9.2 points...
  • 1.44b Digital Transactions in One Month
    Shaparak, the entity in charge of Iran’s payment settlement network, announced processing more than 1.44 billion transactions worth over 1.17 quadrillion rials ($27.81 billion) during the first...
  • Foiling US Sanctions on Iran: The EU Blocking Regulation
    The EU has announced its intention to protect European businesses that wish to continue...  
  • Bank Lending to Economic Sectors Up 14 Percent
    Iranian banks and credit institutions allocated 257.2 trillion rials ($6.13 billion) in credits during the first month of the current fiscal year to April 20, which were handed out in the form of...
  • IMF Pledges Continued Work With Central Bank of Iran
    More than a week after US Treasury Department blacklisted Central Bank of Iran's Governor Valiollah Seif for his alleged "support for terrorism", the International Monetary Fund has released a...
  • New Rules Allow  Direct Forex Sale
    Businesspeople that have validated their purchase orders are allowed to directly purchase their required foreign currencies from certified exchange shops through Nima, the Central Bank of Iran's...
  • German firms, especially those without business links to the US, want to continue their Iran business.
    While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Volksbanken, from southern Germany appear unafraid and are continuing to provide...
  • Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
    Iran Mercantile Exchange launched saffron futures trading for the first time on Wednesday to develop the market for derivatives with new underlying assets. The futures' expiration date is set for...
  • TEDPIX Ends Week at 95,445
    Tehran Stock Exchange’s main index gained 215.16 points or 0.23% on Wednesday to end trading at 95,445.1. About 849 million shares valued at $45.80 million changed hands at TSE for the day....
  • Banking Amendments Approved
    The Money and Credit Council approved the Central Bank of Iran’s proposals demanding a more stringent oversight of credit institutions and amendments to administrative procedures related to current...
  • 19 Gov’t Assets Up for Privatization
    The third month of the current fiscal year (May 22-June 21) will witness 19 government-owned assets worth more than $109 million put up for sale both via capital market and tenders. The sales begin...
  • Stocks’ Rollercoaster Ride With JCPOA
    Tehran's stock market is no stranger to systematic risk stemming from political turbulence. The primary political risk faced by stocks in recent years is arguably the fate of Iran's nuclear deal...
  • Ministry Condemns US Sanctioning of CBI Chief
    Two days after the Central Bank of Iran issued a statement against the recent blacklisting of its governor, the Ministry of Economic and Finance Affairs has made a similar move, calling the...
  • Tehran Stocks Unshaken by US Nuclear Deal Pullout
    Iran nuclear deal seems to be on life-support these days, as the United States has unilaterally pulled out of the accord and other signatories are making frantic efforts to hold the deal together...
  • EU Rushes to Protect Economic Interests in Iran
    With a reputation of a slow-working institution that only gets its act together in face of an urgent...  
  • Travel Insurance  Up 20-25%
    Premium rates on travel insurance have increased by as much as 25% on the back of a recent slide in rial’s value against the dollar. While the insurance industry receives dollar at the rate of 42,...
  • Vote on CFT Bill Delayed
    As lawmakers discussed the amendment bill related to Iran’s Law of Combating the Financing of Terrorism, disagreements over certain issues, including the definition of terrorism and support for...
  • NICICO Copper Concentrate Output Up 15%
    Subsidiaries of National Iranian Copper Industries Company produced 107,795 tons of copper concentrate in the last fiscal year (March, 2017-18), registering a 15% growth year-on-year. Sarcheshmeh...
  • About 645 million shares valued at $35.41 million changed hands at TSE on May 22.
    Tehran Stock Exchange’s main index gained 2.53 points on Tuesday to end trading at 95,229.9, registering a slight change compared to the day before. About 645 million shares valued at $35.41...
  • New Report Reveals Banks’ NPL Ratio Gap
    A senior member of Majlis Article 90 Commission presented the latest report on the state of non-performing loans of Iran's banking system in Tuesday's open session, which painted a highly...

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