Due to export duties levied on leather, salambor and wet blue in the fiscal 2012-13, the export of these products plummeted from around $200 million in that year to close to $38 million in the…
Business And Markets
<p>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.</p>
The government is set to oblige mine owners pay 1% of their revenues as tax to ameliorate the damage inflicted by their operations on the environment.
Naturally, miners are up in arms about…
Iran's information and communications technology sector has the capacity to employ one million people, an official with the Ministry of Cooperatives, Labor and Social Welfare said. "It is…
The possibility of direct transfer of money between an Italian bank and 20 other Iranian banks has been established, Tehran Chamber of Commerce, Industries, Mines, and Agriculture has announced…
company is set to review its strategies.
“Plans have been devised to develop and improve the hardware, software and human resources capabilities of Shapark for revamping it,”…
Bank Mellat–a lender with extensive experience in designing and implementing banking software systems—has launched a fraud detection software that will promote the security of its digital…
The chief executives of state-owned and private banks will reportedly convene on June 7 to decide about bank interest rates for the period leading to the end of the current Iranian year (March 20…
As the possibility of mergers in the Iranian banking system strengthens, a senior lawmaker has lent his support to the proposed measure, saying the move could help banks upgrade to international…
The Moscow-led Eurasian Economic Union aims to finalize a free trade deal with Iran by the end of the year, in a drive by Russia and its fellow members to deepen ties with Tehran.
Trade…
Stocks underperformed for the third consecutive trading day on Monday at the Tehran Stock Exchange (TSE) with the benchmark wiping out its earlier gains, slipping to a new low within the past 7…
Exports of semi-finished casting products are on the rise despite shortage in the domestic market.
In fact, shipments destined abroad have increased so much that there are not enough semis…
The Iranian decorative stone sector is currently going through a rough patch. Of the 6,500 stone processing units in the country, about 500-2,000 have gone out of business in recent years.
A Swedish firm, MentMed AB, has signed a memorandum of understanding with Iranian medical firm Kian Tajhiz Mehr Afarin to develop accessibility products for the elderly and disabled in Iran. The…
The Iranian petrochemical industry has the capacity to receive significant new investments from banks, the chief executive of the Export Development Bank of Iran said, adding that his bank is…
Only an insignificant volume of Iranian assets frozen overseas remain inaccessible, the Central Bank of Iran’s deputy for foreign exchange affairs said.
Bank Sepah is ready to review foreign investment projects in Iran and guarantee them, a board member of the state-run bank announced.”Foreign investors need to be confident that they can have…
After a lackluster start to the new Iranian year (started March 21), Tehran real-estate residential deals rebounded during the second month (started April 21) to herald an imminent relief for the…
Thailand is currently the world’s fourth largest importer of steel and Iran is gradually becoming a major exporter to the Southeast Asian market.
The kingdom imported a total of 13.2…
Imports of semi-finished steel dropped by 88% in the first month of the current Iranian year (started March 21) compared with last year’s corresponding period to stand at 29,000 tons, according to…
Tehran Stock Exchange’s main index lost 208 points or 0.26% to end Sunday trade at 80,713.2.
More than 480 million shares valued at $32.66 million changed hands for the day.
Bojnourd…
A member of the Expediency Council, which resolves disputes between the parliament and the constitutional watchdog Guardians Council, has joined a string of officials and observers in calling for…
The process of banks getting rid of their excess assets is gathering pace with Bank Refah Kargaran becoming the latest lender to auction its assets through the Company for Selling Banks' Excess…
The 8% growth target set in the sixth five-year development plan (2017-22) is a tall order for the country, a faculty member of Tehran's Allameh Tabatabai University said in a recent conference…
Emami gold coin dropped below 12 million rials ($320) by May 24 to set a two-week low record until Saturday when it regained 50,000 rials to reverse the bearish trend.
The value of…
Bank Melli Iran is planning to overhaul its European branches after clearing the procedures both inside the country and abroad, the director of BMI's Department for Foreign Exchange said.
