In the month to April 20, the Central Bank of Iran and development funds provided 18 banks and privately-owned credit and financial institutions with 193 quadrillion rials ($6.6 billion at…
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.
Iran Mercantile Exchange featured close to 175,000 tons of commodities at its spot market on Saturday trading, including about 60,000 tons of agricultural goods, IME reported.
Tehran Stock Exchange’s benchmark piled up more gains in a fresh rally amid upbeat news, to notch up 276 points or 0.43 percent at Saturday’s close, ending higher at 63,835.7.
The optimism…
Cement exports to Iraq have recently seen a 20% drop as the Arab country’s demand has decreased over the sluggish pace of construction projects, said secretary general of Iran-Iraq Joint Chamber…
Daily trade at Iran Fara Bourse reached about $91.8 million to post a 202-percent surge at Saturday’s close compared with the same day of last week.
As IFB reported, more than 108 million…
A great deal of financial news has lately focused on the US Federal Reserve’s two-day meeting amid stock prices tumbling in almost every market around the world. Speculations had it that the…
The growing security concerns in Afghanistan have pushed some Chinese and Indian companies to withdraw their mining investments from the country. This is increasing the chances that the investors…
Iran ranks among the top three date producing countries worldwide, with production exceeding 1 million tons per year. Different varieties of date fruit are grown in Khuzestan, Hormozgan, Bushehr,…
An analyst has made the case that with the lifting of sanctions, foreign exchange rates will be unified and the major foreign currencies—notably the US dollar—would even appreciate against the…
Iranian banks can enhance public confidence if they fight against money laundering and help root out financial corruption, a move that can ensure banks’ safety, said CEO of Bank Keshavarzi (…
Iranian businesses are preparing for a jump in activity following the lifting of sanctions against Iran over its nuclear energy program.
As foreign investors and fund managers scour Iran…
After three weeks of rout at Tehran Stock Exchange, TEDPIX wrapped up the week ending June 17 in green, pulling up 1,238 points or 1.99 percent to settle at 63,559.7.
If you take a walk in Tehran, more than any other shop, you will probably see traditional independent grocery stores. Some of them, located right next to each other, are intensely competing over…
More than 464,402 tons of commodities were traded at Iran Mercantile Exchange’s spot market during the week that ended June 17 valued at more than $233 million.
As the IME reported, the…
Dominic Bokor-Ingram recently visited a growing economy full of well-run companies that the London-based money manager deemed ripe for investment.
The catch: The place was Tehran, a target…
Trade at Iran Fara Bourse rose 20 percent in value for the week ending June 17 compared to the previous trading week with chemicals accounting for the lion’s share of trades.
Exchange-…
Mineral explorations carried out by Iran Minerals Production and Supply Company during the last Iranian year (ended March 20) led to the discovery of more than 150 million tons of iron ore and 200…
The Ministry of Economic Affairs and Finance has backed off from its decision to sell the two major state-owned football clubs, Persepolis and Esteqlal, through auction.
In a green trading day at Iran Fara Bourse, more than 104 million securities changed hands valued at close to $30.3 million, IFB reported on Wednesday.
The benchmark IFX gained 9.19 points…
For the first time, Iran Mercantile Exchange featured copper cathodes on its export trading floor in Wednesday trading.
Iran has developed the technology to produce steel rebar coil-winding machine, enabling it to save millions of dollars previously spent on importing the equipment. The coil processing machine for…
Deputy minister of industries, mines and trade, Mohsen Salehinia, says the industrial and mineral sectors received 45% more incentives in the last Iranian year (ended March 20, 2015) compared to…
Stocks staged a broad rally on Wednesday with nearly 73 percent of listed companies outperforming to help TEDPIX soar 1.6 percent to recoup part of the massive losses it had accumulated since…
Sponge iron production units in three out of seven major steel plants, known as Provincial Steel Projects, are expected to become operational by the end of the current Iranian year on March 19,…
Sterling rallied to a one-month high after upbeat UK data on Wednesday. The British currency rose 0.65% to 51,430 rials by 1142 GMT in Tehran, as British jobs data beat expectations leading to the…
