Overhauling the laws and regulations of the country’s banking system would be one of the main priorities of Majlis Economic Commission during the current fiscal year that started on March 21, the…
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.
Banque de France, the central bank of France, has reportedly removed all and any remaining restrictions on the Paris branch of Bank Saderat Iran, meaning that the branch is now able to provide…
The government has kicked off its guaranteed purchase of wheat from local farmers in the new Iranian year (started March 21). “Purchases have been made in Kerman and Sistan-Baluchestan provinces…
The three indices of employment, economic growth and inflation must be taken into consideration for the new Iranian year (started March 21), a former president of Iran Chamber of Commerce,…
Opinions are divided in the Iranian steel market about the forthcoming reduction of import tariffs on flat steel products amid insufficient supply and stronger domestic demand.
Iran Steel…
Iran Mercantile Exchange witnessed the trading of 33 million tons of commodities worth over $21.5 billion in the last Iranian year (ended March 20, 2017), registering a 26% and 73% growth in trade…
An Economy Ministry official has said that with the lifting of sanctions targeting Iranian economy in the wake of the 2015 nuclear accord, the country has joined various global monetary…
The rial was quoted in the free market at 37,800 to the US dollar in Tehran on Monday, having kept a steady course since the Norouz (Iranian New Year) holidays started on March 21.
While the housing market will remain calm until the presidential elections in May, home prices will experience a rise later in the current fiscal year that began on March 21, predicts the head of…
The 15th annual General Assembly and the 30th meeting of the council of the Islamic Financial Services Board will convene in Kuala Lumpur, Malaysia, on April 6.
Tehran Stock Exchange’s main index inched up 32.40 points or 0.04% to end Monday trade at 77,616.8.
Close to 752 million shares valued at $31 million changed hands for the day.
…
The recent National Population and Housing Census shows that the median age of the Iranian population has risen to 31.1 years. The figure stood at 25 years in the fiscal March 2006-7, according to…
Iranian steelmakers exported about 4.87 million tons of crude steel and steel products during the 11 months to February 18, the latest data by Iran Steel Producers Association showed.
About…
Esfahan Steel Company plans to boost longs exports to 1 million tons by the end of the current fiscal year (started March 21) from last year’s 700,000 tons, ESCO’s head of sales and marketing said…
Heading for the Iranian presidential election in May, Iranian President Hassan Rouhani has much to feel good about.
Data released by the Central Bank of Iran for the last Iranian year that ended on March 20 put the number of residential housing deals in the capital Tehran at 162,100–marking a 5.4% annual…
The General Court of the European Union has dismissed Tejarat Bank’s challenge to an EU decision to relist it back in 2015.
Executing currency revaluation in Iran by removing one or more zeroes from the rial will require conditions that will not materialize for at least another two years, the governor of the Central…
The figure for broad money supply crossed 12 quadrillion rials ($320 billion) by Jan. 19, marking a 26% increase compared with the previous year.
The Central Bank of Iran has announced that it will continue to pursue plans to sideline the US dollar.
The bank said in a statement that the country, in line with previous measures, will…
Iranian steel mills produced 2.89 million tons of crude steel in the first two months of 2017, registering a 6.2% growth year-on-year, according to the latest report released by World Steel…
German steel plant maker SMS Group has signed a $400 million contract to expand production at Iran’s Mobarakeh Steel Company but faces challenges in raising financing so there is no clear timeline…
Tehran Stock Exchange’s main index TEDPIX shed 2,989 points or 3.7% over the last Iranian year (March 2016-17) to end at 77,230. However, the smaller over-the-counter exchange Iran Fara Bourse’s…
The Armenian government approved a bill on March 30 to establish a free trade zone near the country’s border with Iran.
Meghri Free Trade Zone will be set up in Syunik Province near Iran’s…
The goods and services Consumer Price Index for rural areas in the 12-month period ending March 20, which marks the end of the last month of the past Iranian year (Esfand), increased by 7.2%…
