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.

  • CBI: Q1 Growth at 1.8%
    Iran's gross domestic product in the first quarter of the current fiscal year (March 21-June 21) stood at 1,676.7 trillion rials ($12.59 billion at Sanarate.ir's Sunday exchange rate of 133,132...
  • TEDPIX Loses 2,408 Points
    Tehran Stock Exchange’s main index lost 2,408.96 points or 1.52% on Sunday to end trading at 155,710.2. About 4.96 billion shares valued at $98.46 million changed hands at TSE for the day....
  • Rial’s Slide Necessitates Bank M&A
    A senior banking official said the steep fall in the value of rial against the US dollar has strained banks’ balance sheets by dealing a blow to their capital levels.  Kouroush Parvizian, the head...
  • Call for Speedy Import of Diapers
    The Market Regulation Headquarters has called for the speedy import of diapers amid rising shortage of the product in the domestic market. The call also extends to the import of raw materials for...
  • De-Dollarization Beneficial to Iran Trade Relations
    After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now...
  • TEDPIX Ends Sat. Trading 1.97 Percent Higher
    Tehran Stock Exchange’s main index gained 3,058.12 points or 1.97% on Saturday to end trading at 158,119.2. About 4.16 billion shares valued at $120.88 million changed hands at TSE for the day....
  • US Studying Potential Iran Sanction Waivers
    The United States is still studying possible waivers of sanctions against countries or businesses that...
  • Short-Term Deposits Top Bank Maskan Resources
    Bank Maskan, the agent bank of Iran’s housing sector, has released the latest report on its resources and expenses, indicating that its customers mostly favor short-term deposits. According to a...
  • Iran’s major aluminum companies produced an aggregate of 151,691 tons of aluminum products during the first five months of the current fiscal year (March 21-Aug. 22), which indicates a 10% increase...
  • Gov’t to Tax POS Transactions
    The government will start levying taxes on business owners' transactions processed through point-of-sale devices to combat tax evasion, the head of Iran National Tax Administration announced.  "...
  • Exports by Iranian Steelmaking Heavyweights See 5% Growth
    Major Iranian steelmakers exported a total of 3.10 million tons of semi-finished and finished steel products during the first five months of the current fiscal year (March 21-Aug. 22) to register a...
  • 2 MoUs Signed to Boost Job Creation
    The Plan and Budget Organization of Iran signed a memorandum of understanding with the Ministry of Cooperatives, Labor and Social Welfare on Saturday to increase employment opportunities in the...
  • Afghan Forces Arrest 13 on Charges of Smuggling Dollars to Iran
    Afghan security forces have arrested 13 individuals in Herat Province on charges of smuggling dollars to Iran.
  • Support for New CBI Measures
    Former governor of the Central Bank of Iran, Tahmasb Mazaheri, has welcomed the action taken by CBI in establishing the Secondary Forex Market, adding that by doing this, the bank has accepted the...
  • €3.2 Billion for Essential Imports
    Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month. Hemmati added that...
  • Iran, Russia Eye Reconstruction at Syria Expo
    Companies from dozens of countries are showing their wares at the Damascus International...  
  • New Development Projects Launched at Tehran Airport
    Seven construction and renovation projects have been launched at Tehran’s Mehrabad International Airport with 700 billion rials ($5.14 million) of government investment. According to the airport’s...
  • Europeans Exploring Payment System With Iran
    Germany and its European partners are considering setting up a payment system with Iran, which allows the continuation of business transactions with the Islamic Republic once US sanctions kick in,...
  • EC Member: AML  Bill Not Rejected
    A senior member of Expediency Council, a body that settles disputes between the Majlis and the vetting body Guardians Council, said EC members have not rejected the government bill to amend the...
  • Impact of US Sanctions on Iran's Healthcare Sector
    A crisis is emerging in Iran’s healthcare sector, as patients are reporting shortages in life-saving medicine.  
  • Stocks Make Historic Gains, Thanks to Free-Market Policies
    Changes in Iran Mercantile Exchange regulations have done wonders for the stocks market.  Talks of the removal of price ceiling for steel products in IME led to a major inflow of capital into the...
  • Bank Loans Rise 3.3% in Value
    Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed. IRIB News reported that Iranian banks and credit institutions granted 1.1 quadrillion rials ($8....
  • Iran Crypto Mining Set to Take Off
    Days after a high-ranking official announced that Iran’s government has embraced cryptocurrency mining, another peer has said requirements are in place to develop the industry quickly. “Sales of...
  • Iran’s Aluminum Consumption  Growth Twice Global Rate
    The global average aluminum consumption growth stands at 6% per year while the rate is 12% in Iran, according to Chairman of Iranian Mines and Mining Industries Development and Renovation...
  • Stocks Stage Massive Rally
    Share trading on Wednesday started with a bang, as Tehran Stock Exchange’s main index made a 6,000-point jump in the first hour of the trading day alone, exceeding 155,000 points by the end of the...

Pages

Financialtribune.com