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.

  • TEDPIX Trade Plummets 1.79%
    Tehran Stock Exchange’s main index lost 133,676.1 points or 1.79% on Sunday to end trading at 133,676.1. About 2.47 billion shares valued at $69.85 million changed hands at TSE for the day....
  • Permits for New Industrial Units Up 24 Percent
    The Ministry of Industries, Mining and Trade issued 6,696 permits for the establishment of new industrial units during the first four months of the current fiscal year (March 21-July 22),...
  • Medicinal Plants Expo Scheduled for November
    The Fourth Festival and Exhibition of Medicinal Plants is scheduled to be held at Imam Khomeini Grand Mosalla from Nov. 12-15. This edition of the exhibition is aimed at supporting domestic...
  • Rise in Packaging Cost Pushes Up Egg Prices
    Rising production costs and prices of essential goods have now spread to the poultry industry. The price of each tray for 30 eggs has increased by 3,000 rials ($0.02) from 1,000-1,500 rials ($0....
  • Brazil to Allocate $1.2b to Boost Iran Trade
    The government of Brazil is to allocate $1.2 billion for maintaining its considerable economic and trade ties with Iran in the face of reinstated US sanctions. According to the Latin American...
  • IRICA Denies Gaining From FX Surcharge on Imports
    The Islamic Republic of Iran Customs Administration has denounced claims that it intends to generate revenues by levying foreign exchange rate difference surcharge on imports.  “The policy was...
  • Islamic Banking Confab Wraps Up
    The 29th edition of the Islamic Banking Conference came to a close with the release of an official statement on Sunday. Several high-ranking officials, including the Central Bank of Iran Governor...
  • PPI Inflation Uptrending
    The average Producer Price Index in the 12 months ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 15.2% compared with last year’s corresponding period, the latest...
  • Metal Bulletin Suspends Iran Steel Import Price Assessments
    London-based specialist international publisher and information provider for the global steel...
  • Iran to Expand Transportation Corridors at Full Throttle
    The Ministry of Roads and Urban Development plans to negotiate the connection of China-Kazakhstan-Iran Multimodal Corridor to Europe, says deputy minister for transportation affairs, Mehrdad...
  • Iran-Bulgaria Economic Commission Scheduled
    Iran Chamber of Commerce, Industries, Mines and Agriculture plans to send a business delegation to Bulgaria to attend the upcoming sessions of the joint economic commission scheduled for September...
  • Yahya Al-e Es’haq
    The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and national currencies...
  • CBI Declares War on Liquidity
    The Central Bank of Iran has vowed to curb the rising tide of liquidity, which he blamed as the source of all market volatility, including a currency crisis that has seen the rial drop to record...
  • TEDPIX Ends 1st Day of Trading Week Lower
    Tehran Stock Exchange’s main index lost 1,362.67 points or 0.99% on Saturday to end trading at 136,109.7. About 2.99 billion shares valued at $59.22 million changed hands at TSE for the day....
  • Nakhlak Lead, Zinc Plant Comes Back on Stream
    Nakhlak Lead and Zinc Plant officially came back on stream, adding 4,000 tons to Iran’s annual lead concentrate capacity, a deputy industries minister announced during a visit to Nakhlak Mineral...
  • Siamak Rahpeyk
    The Central Bank of Iran is closer to establishing an Islamic jurisprudence council, as the Guardians Council, the entity in charge of ensuring the compliance of key ratifications and candidates...
  • Support for  Forex Policies
    Majlis Economic Commission welcomed the new foreign exchange policies introduced by the government on August 6 and believes that these policies, along with the appointment of the new Central Bank...
  • Return of Housing Recession Likely
    Experts believe Iran's housing sector is already showing signs of sliding back into recession after enjoying only nine short months of booming activities.  The main reason behind this is the...
  • List of Goods Exempt From Forex Surcharge Announced
    In a letter to the Central Bank of Iran governor Abdolnasser Hemmati, Minister of Industries, Mining and Trade Mohammad Shariatmadari announced the list of imports exempted from paying the 28,000-...
  • SCI Reports Highest, Lowest Inflation in Provinces
    Hamedan’s goods and services Consumer Price Index registered a year-on-year increase of 23.2% during the Iranian month of Mordad (July 23-Aug. 22) compared with the similar month of last year—the...
  • Change in Student Currency Rules
    The Central Bank of Iran said in a statement that hard currency for students at the official rate will be paid only for the first academic half-year of 2018. Thus, students will receive the...
  • Stocks End Seesaw Trading Week With Marginal Gains
    Volatility once again reigned in the Iranian stock markets during the last week. Indices went sky-high with a news and nosedived at another.  All in all, the good news and the bad news seem to...
  • TEDPIX Ends Wednesday Trade 0.52% Higher
    Tehran Stock Exchange’s main index gained 706.40 points or 0.52% on Wednesday to end trading at 137,472.36. About 3.74 billion shares valued at $97.91 million changed hands at TSE for the day....
  • Iraqi Delegation to Seek US Sanctions Exemption
    Iraq will send a delegation to the United States seeking an agreement on financial transactions with Iran...
  • $1.5 Billion Traded in Secondary Market
    Figures show that Nima, the online foreign exchange system set up by the Central Bank of Iran at the behest of the government, is increasingly being embraced by traders following forex policy...

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