Changing Iran’s official monetary unit from rial to toman would cost a hefty 30 trillion rials ($922.7 million), announced the head of Majlis Economic Commission.
Business And Markets
<p>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.</p>
A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good…
Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies during the eight months to November 20, marking a 37.19% growth compared…
Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Banking is one of the most prospective fields for the expansion of Azerbaijani-…
The government of President Hassan Rouhani is among the world’s top five in generating an annual average of 704,000 jobs, a senior presidential advisor said.
“But this extraordinary…
Earlier this month, Boeing signed a deal with Iran Air for 80 jetliners valued at $16.6 billion. However, on December 25, Iran Air revealed that it has negotiated to pay only half the announced…
Close to 25,000 tons of red meat and 50,000 tons of chicken have been stocked to adjust prices in the domestic market, says the CEO of Livestock Affairs Support Company, affiliated with the…
Tehran Stock Exchange’s main index lost 109 points or 0.14% to end Wednesday trade at 79,691.8.
More than 1.1 billion shares valued at $55.2 million changed hands for the day.
Tehran…
Twenty-three illegal online providers of stock market analysis and investment services have been blocked by Securities and Exchange Organization, SEO’s deputy for legal and securities affairs,…
Bahar Azadi gold coin sold for 11.8 million rials ($284.3) on Tuesday, up by 2.6% at 300,000 rials from the previous day.
The US dollar’s exchange rate also climbed 500 rials, reaching 41,…
The Majlis Economic Commission is to hold a meeting with Economy Minister Ali Tayyebnia and Central Bank of Iran Governor Valiollah Seif to discuss the recent upheavals in the Iranian forex market…
Bank Melli Iran, the state-owned giant lender, has issued 3,100 payment orders in foreign currencies worth over $1 billion, said the bank’s CEO. BMI has recorded a 270% growth in the total number…
Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the…
Tehran Stock Exchange’s main index lost 165.70 points or 0.21% to end Tuesday trade at 79,800.8.
More than 650 million shares valued at $28.2 million changed hands for the day.
…
Iran Aluminum Company has recently removed 72 environmentally hazardous aluminum smelting pots from one of its production lines, bringing the total number of pots removed from the line to 148,…
Iran Mercantile Exchange is listing wheat for exports for the first time today.
A total of 20,000 tons of durum wheat are up for sale as of Wednesday, IRNA reported.
In the outgoing year, marked by the removal of international sanctions, the export of steel products from Iran gained momentum and turned the country from a net steel importer into a net exporter…
Iran Fara Bourse over-the-market exchange debuted a platform for trading the shares of small- and medium-sized enterprises on Monday.
The move is expected to give a shot in the arm to…
The Tehran-based media corporation Donya-e-Eqtesad launched a stock market information service called Donya-e-Bourseon Sunday. Ali Reza Bakhtiari, owner and managing director of the media group,…
A large part of the Islamic Republic of Iran Shipping Lines’ fleet has regained protection-and-indemnity cover from Steamship Mutual.
More than 50 IRISL vessels have been entered in the…
Iran Center for E-Commerce Development, e-commerce industry’s top body, is set to regulate the operation of unofficial payment tools, referred to as aggregators, after profiling owners and their…
The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect and mismanagement…
Bank Mellat, a leading Iranian privatized bank, has fully established corresponding relations with more than 100 lenders worldwide, said an official of the bank.
A total of 11,800 housing units were sold in Tehran during the month ending Dec. 20, marking a 5.9% drop in the number of home deals compared with the same period of last year. Home deals also…
Esfahan Steel Company has signed a draft contract with Iraq’s General Company for Trading of Construction Materials, owned by the Iraqi Ministry of Trade for exporting iron products.
