The annual general meetings of two major state-owned banks, Bank Melli Iran and Bank Maskan, have been belatedly held and their balance sheets for the previous fiscal year to March 20, 2017,…
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>
As part of the government’s plan for lenders to do away with excess assets and become more agile, more than 150 trillion rials ($3.5 billion) worth of bank properties have been sold during the…
Tehran Stock Exchange’s main index gained 155.59 points or 0.17% to end Tuesday trade at 91,092.2.
About 1.01 billion shares valued at $51.54 million changed hands for the day.
…
The Iranian government has decreased the import duties on different steel products with immediate effect, according to a recent official notice.
For semi-finished steel…
More than 6 million tons of oil and non-oil products were transited through Iran’s 32 land and water border crossings during the eight months to Nov. 21, registering a 21% increase compared with…
There is a never-ending competition for supplying raw steelmaking materials and this is at its fiercest in China as the world’s largest producer and consumer of iron ore. Iran, however, is…
HiWeb has returned to trading on Tehran Stock Exchange after a month-long period of having its ticker symbol frozen over its recent merger agreement. The 4-trillion-rial ($97.56 million) ISP…
The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial. The euro gained against rial on Tuesday to mark the…
Iran's biggest annual insurance event played host to two ministers on Monday, one of whom vowed that he will be a catalyst rather than an impediment to insurance privatization for the country to…
As the Iranian private sector has been allowed, for the first time since the 1979 Islamic Revolution, to select its best exporters, both officials and senior business figures used the occasion…
The senior officials of Iran and China emphasized on reducing the US dollar’s role in their bilateral trade.
Iran-Hungary trade is estimated to reach $100 million by the end of the current Iranian year (March 20, 2018), Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari said in a…
Iran’s flower and ornamental plants production has had an uptrend in recent years, going up from 2.33 billion stems in the fiscal 2015-16 to 3.31 billion stems in 2016-17 to register a 41%…
Securities and Exchange Organization’s attempts to regulate fixed-income funds have so far proved fruitless and consequently prevented the debt market from growing and realizing its potential.…
Tehran Stock Exchange’s main index shed 15.20 points or 0.02% to end Monday trade at 90,936.6.
About 800 million shares valued at $46.32 million changed hands for the day.
…
More than 9,500 gold coins were sold in the first week of auctions held at Bank Melli Iran-affiliate Bank Kargoshaee, the head of the affiliate said.
"During the past week, three…
The government plans to issue 345 trillion rials ($8.41 billion) of Islamic Treasury Bonds by the end of the current fiscal year (March 21, 2017-18), head of Securities and Exchange Organization…
The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.
On Sunday, the rial was quoted at 41,550…
Expanding financial tools and their role in boosting national production and employment have been the main topics of discussion at the Third Islamic Finance Conference held in Tehran on Saturday…
After several delays, the much-anticipated plan to integrate the payment systems of Iran and Russia will be implemented by Dec. 10, the governor of the Central Bank of Iran announced.
Tehran Stock Exchange’s main index shed 344.90 points or 0.38% to end Sunday trade at 90,951.8.
About 1.28 billion shares valued at $48.81 million changed hands for the day.
…
Tehran Stock Exchange had a rapid growth last week, as it not only reached its all-time high record, but also zoomed past two 1,000-point channels.
It has also had the highest return on…
The consumption of mushroom in Iran has been growing in the last five decades. Currently, 700 hectares of land are under mushroom cultivation across the country.
Malard Mushroom Factory…
Iran produced 30.53 billion cigarettes during the eight months of the current fiscal year (started March 21), indicating a 10% rise year-on-year, the head of Tobacco Planning and Supervision…
In light of Iranian banks’ expanded international role in the post-sanctions era, the volume of Bank Melli Iran’s forex transactions exceeded $3 billion during the first 100 days of the second…
