Bank Melli Iran, the nation’s biggest state-owned lender, has called on Iran and Turkey’s businesspeople to tap into special letters of credit facilities offered as part of the nations’ currency…
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.
The Central Bank of Iran has notified rules concerning interest paid to state bodies on their bank deposits.
According to the IBENA report on Sunday, most state entities cannot…
Minister of Economic and Finance Affairs Masoud Karbasian called for increasing banking cooperation with Bulgaria, proposing that the EU member state open bank branches in Iran for facilitating…
The Central Bank of Iran has updated rules concerning the forex ceiling for travelers when entering or exiting the country.
According to a directive published on CBI’s website,…
The number of people, mostly first-time homebuyers who have registered to receive government facilities for boosting their purchasing power in the housing market, is drawing closer to half a…
Iran traded $756.65 million worth of non-oil goods with Belgium in the last Iranian year (ended March 20, 2018), which is 53.5% more compared to the year before, making the European country Iran…
The market capitalization of companies listed on Tehran's two stock exchanges has dropped by about 33% in US dollar terms in the past 14 months due to the rial's sharp devaluation against the US…
Some 75% of the Iranian chewing gum market is dominated by foreign brands, most of which have been smuggled into the country while only 25% of the market is supplied by domestic brands, the…
Iran’s largest flat steel producer Mobarakeh Steel Company ended the first month of the current fiscal year (started March 21), with double-digit upticks in production and sales value while…
Tehran Stock Exchange’s main index gained 274.54 points or 0.29% on Sunday compared to the day before to end trade at 94,165.6.
About 704 million shares valued at $34.15 million changed…
The Central Bank of Iran has released its latest report on the index of housing rent across the country for the fourth quarter of the previous fiscal year (ended March 20, 2018), which shows an…
One of Iran’s top bankers has renewed the beleaguered banking system’s call for service fees to emerge as the main source of income instead of interests. “Bank Melli Iran has started charging…
Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the recent US…
The Central Bank of Iran has allowed lenders to purchase the hard currency held by foreign tourists, transit drivers, foreign diplomatic missions based in Iran and representative offices of…
The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminum brand IRALCO after the United States said this week it will reintroduce nuclear-related sanctions on…
Major Iranian steelmakers exported 420,944 tons of semi-finished and finished steel products during the first month of the current fiscal year (March 21-April 20) to register a 6% growth year-on…
Iran traded $992.34 million worth of non-oil goods with Singapore during the last Iranian year (ended March 20, 2018) which is 36.59% more compared to the year before, making the Southeast Asian…
Tehran Stock Exchange main index gained 58.90 points or 0.07% to end Monday trade at 88,261.2.
About 602 million shares valued at $35.599 million changed hands in the day.
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Iran’s housing sector has been showing signs of exiting a deep recession that had undermined the country’s overall growth for more than five years, but US President Donald Trump’s pullout on May…
The Central Bank of Iran has announced allocating $6.6 billion to fulfill the country' foreign exchange needs between April 11 and May 8 at the unified rate of 42,000 rials.
Central Bank of Iran Vice Governor Akbar Komijani underscored the banking system’s contribution to the implementation of a national policy to promote domestic production by providing substantial…
Iran’s banking relations with the international community, excluding the US, will continue as usual following the United States’ May 8 withdrawal from the Joint Comprehensive Plan of Action (the…
The decision of US President Donald Trump’s administration to unilaterally withdraw from the Iran nuclear deal is leading to speculation about how much China will be willing to stick out its…
US President Donald Trump on Tuesday pulled out from the Iran nuclear deal negotiated under his predecessor, promising to reimpose tough sanctions against Tehran and threatening other countries…
Prices for Iranian exports of steel billet and slab increased in the week ending May 9, with new deals reported by market participants.
Market sentiment was negative because of US…
