The national Iranian Copper Industries Company (NICICO) is targeting to produce 400,000 metric tons of copper by 2019, Eghtesadnews reported. According to Ahmad Moradalizadeh, the NICICO general…
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.
After a January 2014 visit to Iran, Martin Cerisola, the International Monetary Fund’s assistant director, said Iran “stands at a crossroad” and at risk of low growth unless it enacts “fundamental…
As changes in the value of foreign exchange rates could heavily affect foreign trade, the government needs to help stabilize the currency market and enhance the value of the rial which can act as…
Bank Melli has managed to reduce bad debts by 60 trillion rials in the past Iranian year, the managing director of the bank announced.
The newly-revived Management and Planning Organization plans to help provide low-cost loans (4-percent) to the cooperative sector. Accordingly, a plan is in place to provide 930 billion rials in…
Four new mutual funds received their permits from the Securities and Exchange Organization this month, according to Securities and Exchange News Agency (SENA). One of the funds, which is…
The Iranian currency fell across the board on Sunday, as stocks plummeted. The dollar advanced versus the rial, pushing the rial down against all other major currencies and gold.
The…
Having prepared the infrastructure for exiting recession, the ministry of industry, mine, and trade has opened $7 billion worth of credit line for industrial and manufacturing projects, deputy…
Equities in Iran had one of their worst years in recent memory, will this continue? Haunted by political uncertainty and an economic recession, investors fled from stocks taking the index down…
Plans are underway to print 40 trillion rial ($1.4 billion) worth of sukuks or Islamic bonds, adding to the existing participatory bonds, later in the fiscal year which started March 21, a capital…
Central Bank Governor Valiollah Seif is set to travel to the United States to attend the spring summit jointly held by the International Monetary Fund and the World Bank Group. Accompanied…
The ministry of industry, mine, and trade has indefinitely extended the permission for exporters to export steel products, according to the Iranian Steel Producers Association (ISPA). “Exporting…
Mouteh gold complex in Isfahan Province produced more than 280 kilograms of gold in the Iranian calendar year 1393 (ended March 20), which indicates 18.6% output growth compared to the previous…
Close to 4,000 tons of durum wheat offered by various local suppliers and priced at 11,880 rials per kg, along with 4,785 tons of corn, and 3,065 tons of rice were put up on the board of Iran…
Stocks at the Tehran Stock Exchange (TSE) tumbled on short-term approaches of individual and institutional investors, and lingering uncertainties surrounding the preliminary nuclear deal between…
The possibility of a final nuclear deal between Iran and the P5+1 group (the five permanent members of the UN Security Council plus Germany), especially after the negotiators announced a '…
The rial fell against the dollar and gold coins on Sunday, as stocks retreated from 4-month highs, with investors hedging their bets and locking in profits.
The first market maker or liquidity provider in the Iranian equity market for pharmaceutical industry started operation under Bank Keshavarzi (Bank of Agriculture), after receiving a go-ahead from…
Tose’e financial and credit institution is offering 22 percent interest on one-month deposits, defying a central bank decision that the maximum rate should only be applied to one-year deposits,…
M utual funds had their worst year since the first started working in 2008. That doesn’t say much for a seven-year-old industry, but the bear market that took over the Tehran Stock Exchange in the…
A number of European banks have made contact with banks in Iran after the nuclear framework agreement was reached between Iran and the P5+1 (five permanent members of the UN Security Council plus…
Lopping zeros from the rial is not high on the agenda of the Central Bank of Iran or the Money and Credit Council (MCC), a lawmaker said in an interview with ISNA.
Various trading floors at the Iran Mercantile Exchange recorded the offering of more than 121,000 tons of commodities by local suppliers on Saturday trading, IME public relations reported. The oil…
The Islamic Republic of Iran and the Sultanate of Oman have close diplomatic relations. Muscat, which has always tried to take a neutral stance in the regional political arena, maintains good ties…
Stocks registered their second rout in Tehran Stock Exchange (TSE) on Saturday since the beginning of the new Iranian year, which started March 20, with petrochemicals dragging down the benchmark…
