Iran’s foreign exchange markets saw some movement due to international news on Tuesday, after a week of slow trade.
The Azadi gold coin fell as profit-taking in Asia and Europe pushed 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.
Governor of the Central bank of Iran Valiollah Seif called on banking executives and other major players in the money market to embrace policies that serve the entire financial system and not just…
First Vice President Is’haq Jahangiri called on the three branches of the government to help tackle the rising crisis of bad debts, with which the banking system has been struggling in recent…
Unlike past practices, the Central Bank of Iran has decided to leave it to banks to decide the collateral required in return for micro-loans, causing fears that heavy collateral is awaiting small…
Close to 144 million securities changed hands at Iran Fara Bourse on Tuesday trading, valued at more than $71.5 million, IFB public relations reported. The IFB recorded an almost flat trading day…
In a meeting between a high-ranking Italian trade delegation and Iran Mercantile Exchange (IME) officials, the two sides stressed on enhancing economic cooperation and export of Iranian…
The Iranian National Copper Industries Company (NICICO) extracted copper ore worth more than $12 million in the month ending on April 22, according to data released by the Iranian Mines and Mining…
The overall index was set to pile up considerable gains on Tuesday, however the fragile atmosphere at the TSE led to the TEDPIX pulling higher only 0.19 percent to kept hovering at 63,000-level…
Deputy minister of industry, mine and trade, Mohsen Salehinia, says the industry and mining sectors need 1,700 trillion rials (more than $59.5 billion based on official currency exchange rate)…
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the mining companies affiliated to IMIDRO sold 9.46 trillion rials worth of iron ore last…
The ground is prepared for the establishment of a foreign exchange future market in the near future, head of the Securities and Exchange Organization of Iran (SEO) said, Iranico reported on Monday…
Mizan Credit Institution will be taken over by Bank Saderat, according to deputy governor of Khorasan Razavi, where the firm is based.
Mizan’s board of governors and executives were…
Head of the Manufacturing Cooperatives Union railed against high lending rates for manufacturers, saying that the extremely high rates are resulting in more foreign products flowing into the…
The Securities and Exchange organization has issued a permit for the underwriting of Tejarat Nou Insurance, Bourse Press news website reported.
The insurer is being established by two quasi…
Several unauthorized financial institutions have been taken to court for “defying the Central Bank of Iran”, Ali Tayebnia, minister of economic affairs and finance revealed on Monday.
The Central Bank of Iran eventually gave its approval to boost the ceiling of mortgage loans to 800 million rials ($24,000 at market rate) from 450 million rials ($14,000).
Data released by the Statistical Center of Iran (SCI) show that the producer price index (PPI) in the industrial sector reached 192.0 points in the past Iranian year (ended March 20), indicating a…
Jam Petrochemical Company and Maroun Petrochemical Company outperformed and left the most positive impact on the Iran Fara Bourse benchmark on Monday trading, IFB Public relations reported.
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Last week, deputy minister of industry, mine, and trade Mehdi Karbasian informed the media that as many as 15 countries have made serious offers to invest in Iran’s mining and minerals sectors,…
Deputy minister of industry, mine, and trade Mehdi Karbasian says the administration is seeking to formulate policies to make the mining royalties and usufructs as transparent as possible,…
National Iranian Copper Industries Company (NICIC), World Copper Company (WCC), and Kaveh Copper Industries Company (KCIC) offered different grades of copper at Iran Mercantile Exchange’s spot…
According to the managing director of Eastern Railway, the mineral and industrial sectors in the eastern city of Tabas in South Khorasan Province could enormously benefit from the expansion and…
The Hormozgan Steel Company (HOSCO), out of 170 companies in the Persian Gulf Special Economic Zone, managed to create the highest number of jobs over the past Iranian calendar year which ended…
Reforming the structure of banks and taking toxic assets off their balance sheets cannot be undertaken overnight, but is feasible at a slow pace, a banking manager told Eghtesad News.
Large commercial banks are demanding that the Monetary and Credit Council reconsider its decision to deregulate sight deposit rates, Akhbar Bank news website reported on Sunday.
