The Central Bank of Iran’s monthly stats show the banking system’s total lending stood at 8.48 quadrillion rials ($215.5 billion at the market exchange rate) by November 20, with private banks and…
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.
Billet sellers from Iran are still able to find a buyer in the Persian Gulf states amid uncompetitive prices from China. At the same time, Iran’s offer levels have been kept relatively stable over…
The railroads of Iran and Azerbaijan will be connected in a month, according to Minister of Communications and Information Technology Mahmoud Vaezi.
The two country’s rail networks will…
The Iranian Parliament has projected a new duty on steel imports, likely to be effective from September this year, according to the ICANA news agency, which is affiliated to the parliament.
…The Iranian government is considering whether to impose a 10% export duty on unprocessed iron ore, so as to promote the sale of value-added raw materials and steel products.
The measure…
Tehran Stock Exchange’s main index rose 254.20 points or 0.32% to end Saturday trade at 78,876.2.
More than one million shares valued at $72.3 million changed hands for the day.
Iran…
Iran Insurance Company, fully owned by the government, has insured Iran Air’s new Airbus jet that arrived in Tehran on Thursday.
Mohsen Pourkiani, IIC’s chief executive, said his firm has…
Lawmakers on Wednesday approved the formation of a fiqh council at the Central Bank of Iran to supervise banking operations’ compliance with Islamic law and usury-free banking law.
Lawmakers defined new responsibilities for the Central Bank of Iran and law enforcement, as they ratified more enhanced regulatory measures to counter the operations of uncertified financial…
In the first half of the current Iranian year 1395 (started March 20, 2016), the monetary base grew by 7.9% compared to the end of 1394 and by 20.4% compared with the same period of the previous…
Lawmakers voted on Thursday to allocate the government’s entire revenues from mining royalty and usufruct fees for the development of the infrastructure of large Iranian mines, expansion of…
Iranian authorities are taking steps to help local firms sell bonds abroad, which western fund managers are eager to buy.
Buying activity in the Iranian flat steel import market has remained sluggish over the past week, as customers wait for the government to implement new import duty regulations.
Metal…
The largest Iranian flats producer Mobarakeh Steel Company continues to diversify product portfolio of high value-added steel. This time, the company is focusing on high-strength galvanized steel…
The Statistical Center of Iran has released a report on home prices in Tehran during the summer, indicating that average prices registered a 6% growth compared with the same period of last year.…
For Islamic banking, the opening up of Iran is a huge development, as Iranian banks make up the world’s largest financial system based on Islamic law, with Islamic banking assets totaling $500…
The Central Bank of Iran has issued licenses for 200 credit cooperatives since the beginning of the current Iranian year (started March 20, 2016), CBI’s deputy for supervisory affairs announced on…
The research arm of the Iranian Parliament has published a report on fluctuations in the foreign exchange market during the past few months, advising the Central Bank of Iran to do what it takes…
Tehran Stock Exchange’s main index gained 12.50 points or 0.02% to end Wednesday trade at 78,622.
About 783 million shares valued at $29.7 million changed hands for the day.
Bafgh…
Annual premiums for 2017-delivery refined lead in Asia have softened compared with the year before as a result of an uptick in Iranian exports of the metal.
Premiums for 99.97% purity lead…
The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal…
Maersk Line has expanded its footprint in Iran by adding a second port of call less than three months after it resumed services to the country following the lifting of sanctions imposed…
Despite challenging market conditions, Iran’s billet and longs producer Khorasan Steel Complex managed to significantly increase sales volumes over the first nine months of the current Iranian…
The total value of forex operations conducted by Bank Sepah stood at $3.714 billion during the 10 months to January 3, marking a 31% growth compared with the previous year’s $2.828 billion.…
The Coordination Council of Public-Sector Banks announced on Sunday it will waive late payment penalties for those who repay their loans by the end of the Iranian year on March 20.