Iranian cinema got off to a flying start this year, as several movies were lucky to attract mass audiences, grossing over 10 billion rials each ($2.56 million at market exchange rates).
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>
Top Iranian government officials and steel industry players met at Financial Tribune’s headquarters in Tehran on Monday to devise the agenda and set the general outlook for the 7th Iranian Steel…
Iran's currency may be redenominated to reflect the over three-decade change in day-to-day financial lingo.
Changing Iran's monetary unit from rial to toman and the subsequent replacement of all banknotes with the new currency present no cumbersome challenge, the Central Bank of Iran's governor said.
Central Insurance of Iran, the industry’s regulator, has proposed a 40% cut in premium rates for personal auto policies. Abdolnasser Hemmati, president of CII, announced that the regulator has…
The Iranian government will implement plans for the unification of foreign exchange rates when the market regains stability, the government’s spokesman announced late Saturday.
“Forex rates…
Bank Mellat, one of the leading privatized lenders in Iran, will launch a subsidiary and a branch in Malaysia and Georgia respectively in the next two months, announced the bank’s chief executive…
Close to half of all the assets of the Iranian banking system are non-performing and the governor of the Central Bank of Iran says his bank endeavors to recover these assets and return them to the…
Tehran Stock Exchange’s main index shed 324.60 points or 0.4% to end Sunday trade at 80,925.9.
More than 489 million shares valued at $38.9 million changed hands for the day.
Jam…
Despite rejections in the past, Iranian officials now confirm the domestic airlines’ intentions to buy Russian-made Sukhoi Superjet 100 passenger planes, about which the Iranian public is…
Iran is home to 113 million tons or 29% of the world’s barite reserves, according to the head of Mineral Explorations Department at Iranian Mines and Mining Industries Development and Renovation…
Iran exported more than 34 million tons of mineral products worth over $4.41 billion in the eight months to November 20, registering a 36% and 34% growth in weight and value respectively compared…
The Iranian mining sector requires close to $50 billion in foreign investment, said the deputy minister of industries, mining and trade. Mehdi Karbasian made the statement on the sidelines of the…
Plans are underway to electrify a railroad connecting Tehran to the city of Tabriz in East Azarbaijan Province in northwestern Iran, the new CEO of Islamic Republic of Iran Railways said. “…
Iran is set to enter the export market of metallized products at last, owing to the launch of HBI production at Persian Gulf Saba Steel.
The company aims to start commissioning the DRI unit…
Iranian miners and the government are locked in a peculiar, strained relationship.
Miners, most of whom belong to the private sector, hold that the government must act simply as a…
The US dollar sold for 39,200 rials in Tehran’s market on Saturday, slightly up from the previous day’s 39,100 rials. The currency fetched as much as 39,400 rials in midday trade, according to the…
Shaparak, Iran’s domestic payment network, hosted more than 1 billion transactions worth 1.104 quadrillion rials ($28.1 billion at the open market rate) during the month ending October 21.…
The government will this week review the building of 200,000 housing units as part of the Social Housing Plan, announced a deputy of the Ministry of Roads and Urban Development.
Hamed…
Iran’s presidential chief of staff proposed that the Central Bank of Iran open an account with the Swedish National Bank in his recent meeting with the Nordic country’s finance minister.
Banks in Switzerland could seize the opportunity of playing a leading role in financing investment projects in Iran, President Hassan Rouhani’s chief of staff said in a meeting with members of…
Representatives of French firms were in Tehran for a three-day visit ending Wednesday to offer solutions in the fields of aerospace maintenance and airport infrastructure, and explore business…
Senior officials and trade association leaders from China and Iran have called for reinforcing Beijing’s role in revitalizing infrastructure and trade in Iran.
China is well positioned for…
Plans are underway for cement production to reach 57 million tons by the end of the current Iranian year (March 20, 2017), 20% of which will be earmarked for exports, says a member of Cement…
Iran’s budget plans for the post-sanctions era are supportive of growth, but the incoming US administration and oil prices could present obstacles, Moody’s said.
