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.

  • 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...
  • Equity-Based Sukuk Return to Iran Capital Market
    The government is set to clear part of its debt to Social Security Organization by issuing 12 trillion rials ($150 million) of equity-based Ijarah sukuk on the capital market. The three-year bonds...
  • Tehran Home Rents Up 26.7 Percent in Q1
    The average price of renting a residential unit in Tehran jumped significantly on a year-on-year basis...
  • VDMA Backs Iran Trade
    Germany’s plastics and rubber machinery trade association, VDMA, has highlighted the importance...
  • Central Bank of Iran Against Market Intervention
    Central Bank of Iran's Governor Abdolnasser Hemmati said the regulator's policy under his watch continues to be non-intervention in the foreign exchange market. "We have said repeatedly that we do...
  • Aluminum Output Rises 11%
    Iran’s major aluminum companies produced an aggregate of 121,909 tons of aluminum products during the first four months of the current fiscal year (March 21-July 22), which indicate an 11% increase...
  • 9,000 Physicians Failed to File Tax Returns
    Of the nearly 20,000 physicians registered with the Tax Administration of Tehran Province, only 11,000 have filed their tax returns for the last fiscal year (ended March 20, 2018), director of the...
  • TEDPIX Ends Week Lower
    Tehran Stock Exchange’s main index lost 450.82 points or 0.34% on Wednesday to end trading at 130,476.9. About 1.15 billion shares valued at $44.99 million changed hands at TSE for the day....
  • Shaparak Transactions Show Strong Growth
    About 1.77 billion transactions worth 2.03 quadrillion rials ($48.33 billion) were transacted by Shaparak...
  • Gold Jewelry to Get VAT Exemption
    A bill is under review by parliamentary committees to boost the gold jewelry sector by exempting domestic producers from a 9% value-added tax on sales, the head of Gold and Jewelry Union said. “In...
  • New Forex Initiative Unable to Tip Scales
    The new forex initiative has only managed to fix major policy mistakes of the past two quarters, which is not enough to control profiteering in the foreign exchange market. The above statement was...
  • Lead, Zinc Ore Extractions See 84% Rise
    Major Iranian lead and zinc producers extracted 497,749 tons of ores during the first four months of the current fiscal year (March 21-July 22), which indicates an 84% rise in production compared...
  • Failure to Safeguard Iran Deal Will Show EU Still a Paper Tiger
    Just a few weeks ago, it seemed that the Iran nuclear deal could be saved. Now, it is highly...
  • HSA Growth Beats Expectations
    More than 480,000 people have opened Bank Maskan’s Housing Savings Account that offers Iran’s cheapest home loans since its inception about three years ago, the bank’s chief executive said. “Some...
  • New Government Policies Reduce Forex Demand
    The implementation of new foreign exchange policies by the Iranian government has meaningfully curbed unnecessary demand for cheap currency, the industries minister said.   Addressing a gathering...
  • Municipalities Sold $150m Worth of Bonds in Q1
    Iranian municipalities sold 11.99 trillion rials ($150 million) worth of Islamic debt securities during the first quarter of the current fiscal year (March 21-June 21), indicating a near doubling...
  • IMIDRO Chief Hints at Retiring
    The chairman of Iran’s largest mining holding has hinted that he is about to leave the post. During a ceremony commemorating Journalists’ Day in Iran on Monday, Mehdi Karbasian, 67, hinted at...
  • US Sanctions on Iran Affect Trade With UAE
    The latest US sanctions against Iran are forcing many Iranian businesses in the UAE, which has...
  • Gold Coin Gains
    The benchmark Bahar Azadi gold coin gained on Tuesday, as both gold and foreign currency markets await greater stability in the wake of the government's rescue package that was unveiled last week...
  • Call for Combating Online Gambling
    Telecoms Minister Mohammad Javad Azari Jahromi has urged the Central Bank of Iran to help crack down on online gambling which, he warned, is spreading at an alarming rate. “There have been reports...
  • TEDPIX Trade Tops 130,000
    Tehran Stock Exchange’s main index gained 2,404.98 points or 1.87% on Tuesday to end trading at 130,927.7. About 1.49 billion shares valued at $62.44 million changed hands at TSE for the day....
  • Copper Concentrate Output  Grows 10%
    Major Iranian copper producers produced 413,739 tons of copper concentrate during the first four months of the current fiscal year (March 21-July 22), which indicates a 10% growth compared with...
  • TSE Fastest-Growing Stock Exchange in World
    Tehran Stock Exchange was the world’s fastest-growing stock market, the results of a survey conducted by TSE analysts who monitored the benchmarks of 17 global exchanges from March 21 to Aug. 8...
  • A three-day exhibition called ‘SME Iran 2018’ opened in Tehran on Sunday in a ceremony attended by Minister of Industries, Mining and Trade Mohammad Shariatmadari and Speaker of Iranian Parliament...

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