Khorasan Steel Complex’s newly-launched steel plant, with a crude steel output capacity of 700,000 tons/year, has doubled the steelmaker’s production capacity and made it join the ranks of Iranian…
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>
Startups account for 0.8% of Iran’s gross domestic product, the deputy for education, research and technology with the Ministry of Industries, Mining and Trade said.
The average house price in Tehran stood at 43.7 million rials ($1,165) per square meter, registering a year-on-year increase of 3.6%, the latest report of the Central Bank of Iran for the first…
President Hassan Rouhani's policy regarding the housing sector revolves around moving away from construction in underdeveloped areas as in the Mehr Housing Plan and supporting distressed urban…
The Central Bank of Iran has recently decided to move international settlements from Persian Gulf states to Russia and Turkey, said the governor of CBI.
"The decision is aimed at…
Bank of Industry and Mine has allocated 253 trillion rials ($6.8 billion) in loans to 1,427 industrial projects during the four years of the incumbent administration (started August 2013). These…
Bank Melli Iran has recorded a good year in its international dealings with the volume of foreign exchange transactions reaching "about €10 billion" during the previous fiscal year that ended on…
Iran's ranking has improved across several indices in World Bank Doing Business reports in recent years because the country has increased its data-sharing with the bank, which had previously been…
Consistently low oil prices and government plans to diversify revenue streams have turned investors toward other sectors of the Iranian economy. One of those to watch in the year ahead will be the…
The downward trend in the global flat steel market has finally sparked interest in foreign material among Iranian customers and trading companies.
Tehran Stock Exchange’s main index gained 946 points or 1.2% during the week that ended April 19 to close at 79,597.
IFX, the over-the-counter Iran Fara Bourse’s benchmark, gained 14 points…
The Industrial Development and Renovation Organization of Iran has signed a joint venture contract with Russia’s CJSC Transmashholding to manufacture 500 wagons in Iran.
Iran’s cement industry is operating at half capacity, the deputy head of Cement Employers Association said. Even so, Morteza Lotfi added, there is not enough demand inside the country, IRNA…
In spite of US President Donald Trump’s inflammatory remarks on the nuclear deal (formally referred to as the Joint Comprehensive Plan of Action) and their negative impact, there is room for…
The Central Bank of Iran has notified regulations for digital and mobile payments to the banking network.
According to CBI's website, the technology to be used in the payment process is…
The Central bank of Iran is determined to navigate moneychangers back to their original activities and leave banking operations to banks, said the head of the Department for Banking Supervision at…
The two-term government of former president, Mahmoud Ahmadinejad, was responsible for a whopping surge in home prices throughout the country, the head of Tehran Association of Builders said.”…
An integrated database will be formed to publicly release information on government-run companies, banks and insurance firms, which will help assess and rate their performance, announced the…
Tehran Stock Exchange’s main index gained 171 points or 0.22% to end Wednesday trade at 79,596.9.
Over 1.2 billion shares valued at $72.84 million changed hands for the day.
Shahd…
According to the Central Bank of Iran, Iran’s average daily oil exports (including crude oil and oil products) rose by 41.2% in the last Iranian year’s (started March 20, 2016) first quarter and…
In its latest report titled “Short Range Outlook for 2017-18”, the World Steel Association forecasts that Iranian steel demand will increase by 4.9% to 20.04 million tons in 2017 and will increase…
Mines and Metals Development and Investment Company, one of the largest mining holdings in Iran’s equity market, plans to put up a 16.1% stake of the firm for sale on May 9.
Iran's Ministry of Economic Affairs and Finance has published a report detailing the performance of seven Iranian banks in the area of correspondent relations, indicating that the international…
In line with Bank Melli Iran's activities in Iraq, the bank is going to open a branch in the shrine city of Najaf in the near future while starting a branch in Karbala is also on its agenda, said…
Foreign exchange rates should be in line with economic realities but in order to forestall speculative activities, the Central Bank of Iran is keen on curbing the potential volatility that…
