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.

  • Zarif Focuses on Banking Hurdles in E. Europe Tour
    Iran’s high-ranking political and economic delegation, headed by Foreign Minister Mohammad Javad Zarif, completed the last leg of its East Europe tour on Saturday after focusing on resolving...
  • Airport Traffic Increases by  8 Percent
    Iranian airports registered 451,000 takeoffs and landings in 2017, which shows an 8% rise compared to 2016. Over 56 million passengers and 549,000 tons of cargo were transported last year,...
  • The financial regulator of Iran, namely the Central Bank of Iran, provided the bylaw on Iranian fintech industry in the last week of September 2017.
    In recent years, the financial industry has seen fast-growing adoption of financial technology, or fintech. Considerable investment flows are expected to be placed into the sector, which has...
  • Iran’s Marine Insurance Driven by Growth
    Data from the Central Insurance of Iran indicate that the country’s insurance industry has been boosting its profits and reducing its loss ratio for the past 10 years when it comes to covering...
  • 1st HBI Plant Opens in Hormozgan
    President Hassan Rouhani inaugurated Iran’s first hot briquetted iron production plant in the southern province of Hormozgan late Wednesday. Hot briquetted iron is a relatively new product,...
  • Stocks Edge Down  in Weekly Trade
    When there’s not much to look forward to in the equity market, investors get spooked by the slightest hint of negative news and shuttle their money to other markets. The Central Bank of Iran’s...
  • Importers can choose alternative currencies instead of dollars to price their imports.
    The new directive, which bans the use of the US dollar in import order registrations by Iranian traders, serves the double purpose of sidelining the US dollar and curbing the volatility that...
  • CBI Integrating Currency System
    The Central Bank of Iran announced on Friday that all certified currency-trading offices not affiliated with any bank will also be connected to its newly-established Forex Deals Integrated System,...
  • The world’s 64 steelmakers produced 139.43 million tons of steel in January, up 0.8% YOY.
    Iranian steel mills produced 1.98 million tons of steel in the first month of 2018, up 25.9% compared to last year’s similar period, according to the latest report released by World Steel...
  • Iranian President Hassan Rouhani (C) holds the hands of Indian President Ram Nath Kovind (L) and Prime Minister Narendra Modi during a ceremonial reception in New Delhi, India, Feb. 17. (AP Photo by Manish Swarup)
    Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi signed nine bilateral...
  • Lower Forex Rates to Bolster Housing Sector
    Fluctuations in the currency market had caused a price hike in Iran's already beleaguered housing sector, but even though foreign exchange rates have currently cooled down, they are expected to...
  • The bank has climbed nine spots compared with the 2017 list.
    The Banker’s Top 500 Banking Brands for 2018–an annual report ranking the world’s most valuable banking brands–has been released, in which an Iranian bank holds the 166th spot on the influential...
  • Imports Using  USD Prohibited
    Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited from...
  • Iran’s Model for Urban Development Flawed
    The flawed urban development model adopted in Iran over the years has placed a majority of population in desert areas while nearly two-thirds of the world’s population—almost 3.6 billion people—...
  • About 898 million shares valued at $74.43 million changed hands at TSE on Feb. 28.
    Tehran Stock Exchange’s main index lost 139.05 points or 0.14% to end Wednesday trade at 97,961.8. About 898 million shares valued at $74.43 million changed hands at TSE for the day. Trading at...
  • Uptrend in Interbank Market
    The number and value of deals made in the interbank market has increased in the first 10 months of the current fiscal year to Jan. 20, the Central Bank of Iran announced. Based on the latest...
  • Bank Melli Iran Enhancing Ties With Spain’s Aresbank
    Top representatives of Bank Melli Iran, the country’s biggest bank, and Spain’s Aresbank met on Tuesday to prepare the ground for expanding ties in the near future. “The requirements for...
  • 1st Cross-Border Retail Market Opens
    The first official cross-border retail market for local traders opened on the Siran Band-Baneh border in Iran’s western Kurdistan region with the aim of improving the livelihoods of border couriers...
  • Islamic Treasury Bills issued over the past week have YTM of close to 20%.
    The chain reaction between the anticipated rise in deposit interest rates and the decline in prices of debt securities is in full swing, as highlighted by the issuance of the latest batch of...
  • Mir Business to Fast Track  Iran-Russia Banking Ties
    As lackluster banking relations have hampered Iran’s economic prospects despite the lifting of sanctions after the implementation of the 2016 nuclear deal, it looks like the country’s ties with...
  • IME Plans to Trade in Domestic Iron Ore Pellet, Concentrate
    Iran Mercantile Exchange plans to start trading in domestically produced iron ore pellet and...
  • About 958 million shares valued at $43.28 million changed hands at TSE on Feb. 27.
    Tehran Stock Exchange’s main index gained a feeble 2.34 points to end Monday trade at 98,100.8, indicating a 0.002% uptick compared to Monday. About 958 million shares valued at $43.28 million...
  • 19% Rise in Exports to Austria
    Iran exported more than €113.65 million worth of commodities to Austria in 2017, indicating an 18.74% rise compared with the previous year. Imports of Iran from the European country amounted to...
  • CBI Will Fully Tackle Shadow Banks by Sept.
    All illegal credit institutions will be fully organized and sorted out by the Central Bank of Iran and the parliament up to the first half of the next fiscal year in late September, the head of...
  • 300,000 Coins  Presold in 8 Days
    A total of 302,511 gold coins were pre-purchased by applicants, according to Bank Melli, the lender in charge of implementing the Central Bank of Iran’s initiative to hold gold coin presale to...

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