A lawmaker has welcomed the prospect of foreign banks opening branches in Iran but said this would lead to economic prosperity only if it is regulated by proper oversight.
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 housing market is in the middle of one its worst recessions in recent history. The slowdown in home sales that began in 2013 has persisted without respite, prompting some to liken it to a…
Iran has $29 billion of mining investments attracting interest of companies from Europe to Asia, with plans to more than double steel production by 2025 and boost exports once international…
Golgohar Mining and Industrial Company filed 55,000 tons of iron ore with the base price of $37 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday. The company also announced…
More than 450,000 tons of steel ingot were exported by Khuzestan Steel Company in the first four months of the current Iranian year (started March 21), indicating a 215% increase, said the…
Iran’s pharmaceutical industry has been one of the country’s most prosperous sectors over the past years. The sector, accounting for 3.18% of Tehran Stock Exchange’s overall value, is considered…
Tehran Stock Exchange saw fresh fluctuations trade on Wednesday with trade volume and value registering close to 40% and 62% retreat compared with Tuesday.
More than 364 million shares…
Iran's banking sector will benefit from the relaxation in sanctions, but will remain in a state of near-crisis over the coming quarters, a report has forecast.
Economy Minister Ali Tayyebnia denied the government plays any part in the foreign exchange market on Wednesday.
“The government is not putting any pressure on the foreign exchange market…
The police are set to deal with unauthorized money exchangers in September.
According to Central Bank Governor Valiollah Seif, the district attorney is “pursuing unauthorized bureaux de…
The CEO of a public-sector bank has stricken back at the critics of the banking industry, saying that all lenders should not be “tarred by the same brush.” Abdolnasser Hemmati, CEO of Bank Melli--…
Iran produces high quality honey. The flavor and color of Iran’s honey change from region to region, depending on the flora, climate, and nature of its terrain.
Forsat-e Emrooz daily…
Absence of international banks, insurances and lack of money transfer facility as a result of sanctions imposed by the US, EU and the UN Security Council over Tehran’s nuclear energy program have…
More than 1.16 million tons of iron ore worth $41.8 million were exported between June 22 and July 22, which marks the fourth Iranian month of Tir.
This indicates a 3.9% increase in terms…
Iran Mercantile Exchange played host to the trading of more than 1.69 million tons of various commodities worth more than $761 million in its spot market in July.
Irregular ups and downs at Tehran Stock Exchange are draining the equity market as more than 60% of listed companies pulled down the benchmark TEDPIX on Tuesday.
Both retail and…
Export Development Bank of Iran managed to stand at 514th position among top 1,000 world banks, according to the latest ranking issued by the Banker magazine in July. Banks are ranked based on ‘’…
Bilateral cooperation between Zimbabwe and Iran has been hampered by Harare’s failure to settle its €16 million ($17.4 million) debt to Tehran.
A parliamentarian has called for fundamental reforms in the banking system, as commercial banks have been allocating more than half of their financial resources for non-banking business.
As more details emerge on how the yet-to-be launched real-estate bourse will operate, opinions grow more divisive over the initiative.
Tehran Association of Realtors is among the notable…
Finally Iran's financial industry is opening up to foreigners, as Iran moves to increase competition in the sector. The government is preparing a bill to allow foreign ownership of banks in Iran,…
A new report released by the Parliament’s Industries and Mining Commission estimates the country’s annual steel production capacity at about 14.5 to 16 million tons from the previously assumed 20…
Earlier this month, the United States reached a historic nuclear agreement with Iran aimed at limiting Tehran’s nuclear program. The pact was welcomed in New Delhi, with one Indian official…
The Securities and Exchange Organization is planning to launch a new comprehensive database of all listed companies, known as CODAL system within the next three months.
The new system is…
About 100,000 tons of granulated iron ore were offered by Sangan Iron Ore Complex on Iran Mercantile Exchange’s export trading floor on Monday.
The export trading floor also played host to…
