Chadormalu Mining and Industrial Company said it supplied the domestic market with 10.32 million metric tons of iron ore concentrate last Iranian year (ended March 20), IRNA reported on Tuesday.…
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.
The Tehran Stock Exchange (TSE) investors are still spooked by bearish trade at the TSE, after the TEDPIX ended another seesaw trading day in red at Tuesday close, to accumulate up to 4.3 percent…
The Iran Mercantile Exchange (IME)’s export trading floor played host to 261,650 tons of bitumen of various grades, offered by local suppliers on Tuesday trading, IME public relations reported.
The potential for the expansion of seaports, maritime repairs, shipping and transit in Iran is enormous, but economic activity at sea has so far been limited to gas and oil excavation works. With…
Based on statistics published by the ministry of industry, mine, and trade, 23.78 million metric tons of mineral products, worth $1.5 billion were exported in the past Iranian calendar year (ended…
Head of General Inspectorate Organization of Iran, Naser Seraj, criticized the excessive imports of steel, urging the officials to lend support to the domestic steel manufacturing sector, Mehr…
The decision on the long-debated issue of altering deposit and loan interest rates was set to be made today (Tuesday).
The Money and Credit Council chaired by the Central Bank Governor…
R epresentatives from 57 Omani businesses visited Iran on Saturday. Oman has been a traditional partner of Iran since 1866, but the sultanate’s market, like several others, seems to have…
A single-urgency motion to amend the usury-free banking law was proposed jointly by juridical and economic committees of the parliament, Banker news website reported on Monday. The law was…
During a ceremony to mark the achievements of Bank Maskan (Housing Bank), minister of roads and urban development, Abbas Akhundi said the true potentiality of the bank has not been realized yet.…
Monday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of various commodities on the industrial and mining trading floor, IME public relations reported.
Polymetallic mines with estimated reserves of about 10 million metric tons have been discovered in the southwestern Province of Chaharmahal and Bakhtiari, IRNA quoted head of the province’s…
The ministry of industry, mine, and trade is aiming to terminate the sales and export of raw minerals within the next two years. This is while many of the processing facilities in the mining…
Close to 75 percent of listed companies at the Tehran Stock Exchange (TSE) underperformed amid bearish sentiment at the equity market, with the overall index stumbling 0.95 percent to its 18-day…
Foreign investors are looking at the fast emerging opportunities in Iran, which is being referred to as one of the world’s last frontier markets. A few institutional investors have already beaten…
The CEO of Bank of Industry and Mine announced that the specialized bank managed to get $2 billion in credits through the National Development Fund of Iran (NDFI) over the last year ( ended March…
Minister of Economic Affairs and Finance Ali Tayebnia made it clear that the government has no plans to manipulate the foreign exchange rates, saying the non-meddling policy was the direct opinion…
The masters of Iran’s finance met to discuss the troubles of the banking system late Saturday. The meeting was held in Tehran to get bankers on board with central bank policies and hear their…
The deputy manager of the Iranian Nomad Organization, Mirvali Safarzadeh, announced that all nomad population -- 17% of which already have insurance coverage -- will receive social security…
Based on a new initiative, the revenue made from exports to Russia can be transmitted without limits to Iran’s banking system.
The 4th international exhibition of elevators, escalators, lifts, conveyors and related components and equipment opened in Tehran's permanent fairground on April 25, with a focus on exports.
The National Iranian Copper Industries Company (NICIC) offered various types of commodities at the Iran Mercantile Exchange (IME) on Sunday trading.
Lack of faith in the landscape of the economy in the short run, and the uncertainties hovering over the issue of western sanctions are draining the equity market with the TEDPIX settling in red.…
The Central Bank of Iran (CBI) on Saturday announced inflation rate of 15.5% for the twelve-month period ending on April 20, which marks the end of the first month of the new Iranian calendar year…
B usinesses are suffering from a “credit crunch” in the Iranian economy. For the right and wrong reasons businessmen are asking for cheaper money. They contend that with adequate financing,…
