Parliament members have put forth a new set of solutions for helping increase banks capital, while reviewing a long-waiting bill that seeks to remove obstacles hindering domestic manufacturing,…
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.
Dey Insurance Company (DIC) has received a written notice from the Central Insurance of Iran, the primary insurance regulator, following reports that the reserve requirements submitted by the…
Bank Sepah has vowed to finance 10 major development projects in petrochemical, oil and gas sectors in the upcoming year, starting March 21. The commercial lender provided in the outgoing year…
The seventh Startup Grind of Tehran, held on Sunday, saw a number of young entrepreneurs and start-up enthusiasts come together to discuss business plans, expand their social network and interact…
Monday trading at Iran Mercantile Exchange (IME) witnessed the offering of 50,000 tons of iron ore by the Iranian Central Plateau Iron Ore Mines Complex, priced at $22 per ton, on the export…
The Tehran Stock Exchange (TSE)'s overall index notched up 1.98 percent in five days of winning streak to spur expectations that the equity market is getting back on track.
All indices…
Deputy minister of industry, mine, and trade, Mehdi Karbasian blames the 50% decline in global iron ore prices, sharp declines in the global prices of copper cathodes and concentrate as well as…
Indian Ambassador to Iran, Shri DP Srivastava, says his country is keen to invest in Iran’s steel sector to produce iron powder, IRNA reported. The envoy made the remarks during his meeting…
More than a million tons of various commodities from 50 local suppliers were offered at the spot market on Sunday trading to register a record high at the Iran Mercantile Exchange (IME) within the…
An Italian company has expressed readiness to invest in a health development project in Kish after reviewing investment capacities on the Persian Gulf Island.
To hold another round of talks with the Central Bank of the Russian Federation, a delegation from the Central Bank of Iran (CBI) travelled to Russia on March 11-12 to finalize monetary agreements…
The board of trustees of the National Development Fund of Iran (NDFI), headed by President Hassan Rouhani, met on Saturday to decide for important plans and priorities of the upcoming year,…
Regulations set forth by Central Insurance (primary regulator of insurance affairs in Iran) stipulate that all insurance companies are obliged to invest their capital within the real estate market…
The selloff in the currency market continued on Sunday, as investors’ lower safe haven demand drove the rial to new highs versus major currencies.
The dollar rebounded later in the day to…
I n 2011 a plan to extend Tehran’s satellite city of Parand—20km southwest of the capital city—was made public by a group of developers. They announced that the newly proposed city would be called…
Operations have started in Golgohar iron ore mine’s 5th mineral reserve, which is estimated to hold at least 24 million metric tons of iron ore, the Iranian Mines and mining Industries Development…
The nepheline syenite mine in the northwestern city of Sarab has begun producing alumina, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported on…
Major iron ore companies produced 23.56 million metric tons of iron ore concentrate during the eleven months ending on February 19, Fooladnews reported. The production recorded a 7% growth in…
The TSE’s main index (TEDPIX) kept paring losses on Sunday to notch up to a new record high since February 18, with the equity market underpinned by fresh fund inflows that were unleashed…
More than 17.5 million metric tons of cement and clinker – the raw material to produce cement – were exported during the past 11 months of the current Iranian year (to end March 20), according to…
IRICA (Islamic Republic of Iran Customs Administration) is to implement the so-called ‘single-window system’ as of the new Iranian year (March 21) to help facilitate international trade, the…
As much as 60% of auto parts in the market are poor quality products imported mainly from China, said a member of Auto Parts Manufacturers Association (APMA) board of directors, Farhad Behnia on…
The Iran Mercantile Exchange (IME)’s trading halls played host to various commodities by local petrochemical complexes on Saturday trading, IME’s public relations office reported.
Despite vast mineral resources of high quality, the mines in Chaharmahal and Bakhtiari Province in southwestern Iran remain largely unexplored, Iran newspaper reported.
Major aluminum makers produced 30,577 metric tons of ingots in the 11th month of the current Iranian year (January 21-February 19), which indicates a 7% increase compared with the same period last…
