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.
July 21, 2023 18:51
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January 19,2019Tehran's main stock market closed higher on Saturday buoyed by rising oil prices and renewed appeal toward auto and bank shares. The rise in refinery and petrochemical stocks helped the main index... -
January 19,2019A meeting of the Expediency Council on joining the UN Convention on Transnational Crime (Palermo bill) ended without conclusion on Saturday, leaving the fate of the controversial bill unknown until...
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January 18,2019Central Bank of Iran has introduced a mechanism since November that allows payments among administrative bodies to be transferred electronically instead of checks. According to the CBI website,...
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January 18,2019As the Central Bank of Iran struggles to stabilize the foreign exchange market – a colossal task that has long exacted energy and focus of the regulator – some argue that the CBI’s disproportionate...
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January 18,2019The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they acquired foreign...
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January 16,2019The Ministry of Roads and Urban Development is finalizing a plan for selling construction materials to major home builders on credit. "The plan will be carried out in cooperation with Bank Maskan...
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January 16,2019A Majlis Joint Commission spokesperson said lawmakers have approved part of the government budget bill that allows the Oil Ministry to issue up to $3 billion in Islamic bonds in the next fiscal...
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January 16,2019The Security and Exchange Organization is working on a RFP (request for proposal) to launch a new comprehensive and intelligent anti money laundering mechanism that will help relevant authorities...
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January 15,2019Tehran Stock Exchange’s main index TEDPIX gained 749.14 points or 0.45% on Monday to end trading at 165,445.5. More than 2 billion shares valued at 5.3 trillion rials ($64.92 million) changed...
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January 15,2019In a meeting attended by officials from the Central Bank of Iran and an association comprising players in upcoming regulated forex market on Monday, details of the mechanisms of the new market were...
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January 15,2019As Iranian traders (and more broadly Europeans) wait for the launch of the long-awaited special purpose vehicle by European powers, some businesses fear that the trade mechanism may after all fail...
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January 14,2019The Export Guarantee Fund of Iran, a state-owned export credit agency, issued $1.7 billion worth of guarantees for exporters of non-oil goods in the first nine months of current fiscal that ends in...
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January 14,2019The third round of crude oil sales will be held on Iran Energy Exchange on January 21, a National Iranian Oil Company official said. Saeed Khoshroo, deputy for NIOC international affairs said...
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January 14,2019Despite an uptick in gold prices in international markets on Monday, the yellow metal stayed almost unchanged in Tehran due largely to falling currency rates. The benchmark Bahar Azadi coin...
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January 13,2019Shaparak, Iran's domestic electronic payment network, handled 18.55 billion transactions in the Iranian month of Azar (Nov. 22-Dec.21) worth 2,000 trillion rials ($17 billion). According to a...
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January 13,2019Governor of the Central Bank of Iran used Instagram on Sunday to announce that forex earnings and transfer to the country has gained momentum. Abdolnasser Hemmati said US hostility and spite...
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January 13,2019To claim a share of Iran’s growing fintech market, Bank Mellat has launched an innovation center to help promote the application of smart technologies in banking. ‘Polwinno’ will offer startups...
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January 13,2019Tehran Stock Exchange broke a six-day winning streak as investors shifted their attention away from commodity stocks. The market's main index was able to grow by 2.5% during the past six sessions...
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January 12,2019The Plan and Budget Organization has released an analytical report on the performance of banks in fiscal 2017-18. It gives poor marks to the banks’ overall performance in comparison to their...
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January 12,2019Germany’s foreign minister said he is hopeful Europe in the coming weeks will be able to finalize its long-promised payment channel for conducting trade with Iran.
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January 12,2019Foreign exchange rates surged in the Tehran market on Saturday, prompting the Central Bank of Iran to release a statement to reassure the public that it has a grip on the market. "CBI in...
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January 11,2019The research arm of the Majlis in a new assessment of next year's proposed budget, says government revenues predicted for fiscal 2019-20 are unlikely to materialize. The Majlis Research Center...
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January 11,2019Major Iranian lead and zinc producers extracted 884,478 tons of ores during the nine months to Dec. 21, which indicates a 24% rise in production compared with last year’s similar period, the...
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January 11,2019Blockchain technology is set to decentralize mechanisms governing the world’s financial systems and the Central Bank of Iran has focused efforts on studying ways to benefit from that technology,...
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January 11,2019Iran's trade of mineral products recorded a $4.74 billion surplus for the nine months ending Dec. 21. The country exported 44.72 million tons of mineral products worth over $7.28 billion during...
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