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.

  • Home Prices, Rents Hike in Tehran
    The Statistical Center of Iran has released the latest housing data for Tehran, which indicate a significant annual and seasonal hike in prices, rents and deals, manifesting an uptick in the...
  • Cryptocurrency a Means to Bypass US Dollar
    Iran and Russia could consider using local or digital currencies to cushion any impact on bilateral trade from fresh US sanctions that ban dollar-denominated transactions with Iranians, a lawmaker...
  • The European Commission said the EU measure would come into force within two months, but it could also be activated sooner if there was strong political support.
    The European Commission said on Friday it had started the process of renewing a sanctions-blocking...
  • Tehran Stocks: Back With a Bang and Favoring Small-Caps
    "Good riddance!" must have been how Tehran equity market traders reacted when the United States...
  • The central bank of Iran has launched Nima to track all forex transactions.
    Purchase orders by merchants from the start of the current Iranian year (March 21) until May 16 has doubled compared with the corresponding period of last year, the vice president for...
  • Since the Iran nuclear deal came into effect in early 2016, many EU companies have engaged in deals with Iranian companies.
    Tehran has taken preliminary steps to establish a bank for transactions between Iran and the European Union in euro to settle all financial issues that might arise after Washington's recent...
  • BMI Housing Loan Applicants Reach 26,000
    The number of prospective homeowners applying for state facilities under a special housing scheme launched by Bank Melli of Iran as recently as January hit 26,000, BMI’s Public Relations Office...
  • IMIDRO Outlines Steel Sector’s Monthly Performance
    A total of 3.88 million tons of iron ore concentrate was produced in Iran during the first month of the current fiscal year (March 21-April 20), to register a 30% growth compared with last year’s...
  • Machine Sazi Tabriz Privatized
    Iranian Privatization Organization sold a 100% share in Machine Sazi Tabriz Company to a non-institutional investor on Wednesday, the organization’s official website reported. The stake, along with...
  • Home Rents  to Rise by 15%  in Summer
    Iranian tenants will experience a housing rent increase of 15% in the summer, which is beyond the current inflation rate of under 10%, according to the deputy head of Tehran Association of Realtors...
  • Sanctions Unlikely to Impact Iran’s Reinsurance Deals
    Iran’s reinsurance deals with foreign counterparts are not in danger of being revoked when US sanctions snap back in a maximum of six months, the chief executive of Iranian Reinsurance Company said...
  • About 1.04 billion shares valued at $55.39 million changed hands at TSE on May 16.
    Tehran Stock Exchange’s main index gained 34.34 points or 0.04% on Wednesday compared to the day before to end trading at 94,940.2. About 1.04 billion shares valued at $55.39 million changed hands...
  • France Taps Mechanisms  to Salvage Iran Business
    Euro-denominated financing set up by European countries to trade with Iran will not be enough to...
  • Iranian steelmakers produced 41.66 million tons of products during the year to register a 13.7% growth compared to last year’s corresponding period.
    Iranian steelmakers exported 8.49 million tons of products during the last fiscal year (ended March 20, 2018), registering a 53.4% year-on-year growth, the Iranian Steel Producers Association said...
  • The Economy's Ministry's statement was issued in response to media reports that cast doubt over the fate of finance deals.
    The Economy Ministry has issued a statement, denying that the finance deals signed by Iran with other countries are jeopardized or dead, now that the US has decided to pull out of the multilateral...
  • Compliance With US Demands Will Harm NZ Exporters
    New Zealand businesses would suffer if its government gave in to threats from the United States...
  • Mazandaran to Establish House of Commerce in Volgograd
    An agreement has been reached between the head of Mazandaran Chamber of Commerce and the head of Volgograd Chamber of Commerce and Industry in Russia to set up a house of commerce in the Russian...
  • Forex Rules for Shipping Companies
    The Central Bank of Iran issued a directive on Tuesday outlining new foreign currency rules for shipping and transit companies, as part of the government’s new measures to tighten control over the...
  • Parliament Speaker Ali Larijani (R) addresses lawmakers at the latest open session on May 15.
    Iran's Parliament in its latest open session on Tuesday continued to review the government-proposed amendments to the country's existing Anti-Money Laundering Law and ratified new measures, as the...
  • Business as Usual at Iranian Ports
    Despite US withdrawal from the nuclear deal, it's currently business as usual for foreign container shipping operators at Iranian ports, a deputy head of Ports and Maritime Organization said. "...
  • About 907 million shares valued at $38.81 million changed hands at TSE on May 15.
    Tehran Stock Exchange’s main index gained 202.66 points or 0.21% on Monday compared to the day before to end trade at 94,906.1. About 907 million shares valued at $38.81 million changed hands at...
  • TEDPIX Gains 537 Points
    Tehran Stock Exchange’s main index gained 537.65 points or 0.57% on Monday compared to the day before to end trade at 94,703.5. About 795 million shares valued at $39.96 million changed hands at...
  • 144% Rise in Trade With Indonesia
    Iran traded $909.02 million worth of non-oil goods with Indonesia in the last Iranian year (ended March 20, 2018), which was 144% more compared to the year before, making the Southeast Asian...
  • CAR is one of the biggest weak points of the country, as the Central Bank of Iran still operates on the  more than two-decade old Basel I standards.
    After reviewing Iran’s conformance to a host of international banking regulations and standards, the research arm of the parliament has noted that the country’s banking woes are rooted internally...
  • AML Law Amendment Underway
    In view of the Financial Action Task Force’s next plenary meeting in June, Iran is updating its Anti-Money Laundering Law, along with other ongoing reforms to fulfill the body’s action plan.  Last...

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