The Iranian government says it is providing subsidized foreign currency to importers and producers of medicines to prevent the rise in prices, as the value of rial has taken a nosedive.
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.
The Islamic Republic of Iran Customs Administration has banned the export of notebooks, unprocessed and refined sugar, packaging sacks, derivative powders from milk and whey, casein, light and…
A total of 18.42 million tons of iron ore concentrate were produced in Iran during the first five months of the current fiscal year (March 21-August 22) to register a 19% growth compared with…
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…
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.
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 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.…
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…
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…
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 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…
The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after Nov. 4, US Secretary of State Mike Pompeo said on Friday…
Afghan security forces have arrested 13 individuals in Herat Province on charges of smuggling dollars to Iran.
Following the rapid decline of Afghan currency against the greenback,…
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%…
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…
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…
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…
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…
Companies from dozens of countries are showing their wares at the Damascus International Fair this week, but those from two in particular are getting special treatment—Russia and Iran.
A crisis is emerging in Iran’s healthcare sector, as patients are reporting shortages in life-saving medicine.
The situation is expected to worsen once US sanctions on Iran are reimposed…
Seven construction and renovation projects have been launched at Tehran’s Mehrabad International Airport with 700 billion rials ($5.14 million) of government investment.
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…
A senior lawmaker has voiced support for three of four legal measures required from Iran to be in good standing with the Financial Action Task Force, but said a guarantee is needed from the…
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.
A member of Majlis Plan and Budget Commission said the Leader Ayatollah Seyyed Ali Khamenei has consented to the allocation of $1 billion from the National Development Fund of Iran for boosting…
