The ministry of industry, mine, and trade has called on financiers to invest in a project to utilize the mineral salts such as calcium carbonate, sodium chloride, and potassium sulfate in the Lake…
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 is planning to increase crude steel production using raw materials supplied by iron ore resources in Kazakhstan, Fooladnews quoted Mehdi Karbasian, deputy minister of industry, mine and trade…
The Tehran Stock Exchange (TSE)’s benchmark ended a seesaw trading day in green following news about a possible cut in interest rates from 22 percent to 20 percent, coupled with positive…
Deputy head of the Geological Survey of Iran (GSI), Behrouz Borna said Iran currently holds 70 different types of minerals, adding that 15 new mineral species including rare-earth elements, nickel…
The agricultural trading floor of Iran Mercantile Exchange (IME) played host to more than 3,000 tons of soybean meal, 5,370 tons of corn, 3,065 tons of rice, 4,000 tons of wheat, 300 tons of…
Former central bank governor Tahmasb Mazaheri has urged the administration to immediately take action and unify foreign exchange rates, whether or not sanctions are lifted.
His remark came…
Top managers of private and state-owned banks have agreed to set the deposit rate ceiling at 20 percent, IRNA reported, citing Abdonasser Hemmati, head of the coordination council of state-owned…
Iran's financial industry is expanding rapidly. Since changes were made in Iran's financial laws in 2008, many new financial services firms and various financial instruments have sprung up. This…
The central bank governor has called for regional cooperation to set up credit lines using local currencies to have more transparent trade transactions under the supervision of the central banks,…
With sanctions expected to be lifted within months, there’s a good chance the country’s $110 billion Tehran Stock Exchange will rally, as international money managers are scrambling to get in…
Monetary and financial policies must be set in a way that economic vulnerability can be reduced and the economy would be consolidated against external shocks, said Central Bank Governor Valiollah…
The banking system will be the first to benefit from the lifting of sanctions if Iran and world powers agree to a final deal by the June 30 deadline, a report has predicted.
Financial and…
A joint plan devised by two parliamentary committees for settling the deposit rate ceiling will be announced Sunday, an MP told Eghtesad News on Saturday.
As calls are surging for tighter supervision over the financial institutions violating deposit rate regulations, some commercial banks are still hastily trying to offer higher deposit rates to…
The 4th International Exhibition on Elevators, Escalators, Lifts, Conveyors and related components and equipment will open on April 25 in Tehran’s permanent fairground, according to IRNA. The…
Indices lost steam once again at the Tehran Stock Exchange (TSE) amid massive selloffs by investors, particularly institutional investors, which kept dragging down the benchmark.
Stocks…
Close to 26,228 tons of different commodities were offered by local petrochemical complexes on the Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Saturday.
Head of the coal committee in the Iran Mine House (IMH), Mohammad Mojtahedzadeh has warned about the difficulties faced by owners of coal mines, noting that coal imports will need to increase in…
Iran is among the top ten countries worldwide in terms of the variety of precious and semi-precious stones. However, production has increasingly lagged behind the potential. The annual global gem…
Executive manager of the Kazakh company in charge of developing the Sari Gunay Gold Mine in the western province of Kurdistan, Moris Satiashvili says the project has achieved 85% physical progress…
In the twelve months ending March 20, 2015, banks allocated slightly more than 2 quadrillion rials ($70.7 billion) in loans as cash flow, which comprised 60.7 percent of total lending by…
Iran’s foreign exchange markets had a volatile trading week, culminating in a rise in the US dollar and gold coin prices. The dollar advanced 0.72 percent to 33,390 rials by the week’s close on…
I f the deposit rate ceiling is set closer to 20 percent, two percent lower than the current rate, commercial banks would be able to comply, said Abdonasser Hemmati, head of the coordination…
Iran has a large insurance market, but the market is undeveloped based on international standards. Insurers rely on selling the most basic products for their revenue, and are barred from global…
The government is planning to expand mining exploration activities in the current Iranian year (started March 21), aiming to reach 15% growth in the mining sector, which according to data by the…
