Business And Markets

Tehran is hosting the 10th International Flour and Bakery Industry Exhibition, otherwise known as IBEX 2016, in which representatives from nearly 200 Iranian and 60 foreign companies are…

Governor of the Central Bank of Iran has underlined the role of petrochemical companies in balancing the foreign exchange market, urging them to maximize discipline and efforts to better stabilize…

Bank Melli Iran has paid 18.5 trillion rials ($576 million at market exchange rate) to 2,114 small- and medium-sized enterprises since April, in line with the government’s plans to revive…

The Central Bank of Iran should take quick measures for regulating fintech firms to prevent potential problems in future, said the director of IT Center of Export Development Bank of Iran, noting…

The use of real-estate applications are growing in Iran and realtors, unlike users, are not happy with the impact of the technology on their income.  

Turkish President Recep Tayyip Erdogan said his country is moving toward allowing trade with Iran, Russia and China in local currencies, as he continues his efforts to strengthen the falling lira…

The past two weeks saw the US dollar surge to a historic high in Tehran’s market, unleashing the usual panic emblematic of all currency upheavals elsewhere.

The occasion was reminiscent of…

Central Bank of Iran and Shaparak Company, Iran’s payment network supervisor, have required all payment service provider companies to use the newly-launched “Peyvand system” instead of the low-…

Mobarakeh Steel Company produced 3.74 million tons of crude steel during the eight months to November 21, registering a 7% rise compared with last year’s corresponding period, the company’s public…

Iran’s Mines and Mining Industries Development and Renovation Organization is looking to build on last year’s successful conference with a second event. 

Last year’s conference in…

Bitzer, one of the leading companies in the area of refrigeration and air conditioning technology officially launched a subsidiary in Iran on Monday. 

The German firm’s compressors…

A major pharmaceutical holding will go public by the end of this month, as part of a push to dampen the effect of upcoming corrections for equities.

Barkat Pharmed Co. was listed as Tehran…

Tehran Stock Exchange’s main index gained 17.50 points or 0.02% to end Monday trade at 80,081.2.

More than 1 billion shares valued at $68 million changed hands for the day.

Iranian…

Slapping duties on decorative stone exports will prevent the sector from growing and realizing its expansion goals, said a member of Iran Mine House on Sunday. 

Former deputy of Islamic Republic of Iran Railways, Saeed Mohammadzadeh, has been appointed as the new head of the state-owned rail company, to replace Mohsen Pourseyyed-Aqaei who resigned in the…

The US dollar was sold for 39,500 rials in Tehran market on Sunday to mark a 2.4% growth compared with the previous day’s close of 38,600 rials. 

Reports suggest some moneychangers had…

New Zealand Trade Minister Todd McClay emphasized the development of business and banking relations with Iran following the lifting of sanctions in January, saying his presence in Iran shows how…

ERGO Group, one of the largest insurance groups in Europe, is keen on entering Iran’s insurance market, Alexander Ankel

Parsian Bank has finalized plans to launch 137 new branches across the country, said Kourosh Parvizian, the bank’s chief executive, noting that his bank currently has 313 branches.

The Central Bank of Iran will issue a new foreign exchange directive in the foreseeable future in line with its new forex policies, the bank’s governor said.

Unprocessed decorative stone exports will be slapped with a 5-15% tariff as of the next Iranian year (starting March 20, 2017), a deputy minister of industries, mining and trade announced on…

There is a mismatch between Iran’s steelmaking capacity and steel demand at present.

A number of obstacles must be overcome for its steel industry to reach its true potential, reads an…

Several Slovenian companies, including air domes manufacturer Duol and Iskratel Telco, have signed deals worth €10 million with Iranian partners at the Slovenian-Iranian Business Conference in…

Tehran Stock Exchange’s main index gained 4.90 points or 0.01% to end Sunday trade at 80,063.7.

More than 711 million shares valued at $49.1 million changed hands for the day.

…

The government aims to promote competition in the insurance industry, the economy minister said at an annual event held to mark National Insurance Day on Saturday.

"We are looking to make…