Around 20 metric tons of gold have been added to the country’s proven reserves since the new phase of mine explorations began last year, IRNA cited the Iranian Mines and Mining Industries…
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 majority of base metals’ prices plummeted in the global markets on the first day of the week, mainly due to low demand in Europe and the growth of dollar against major currencies, Eghtesadnews…
The export of iron ore has seen a constant decline since May last year and hit the lowest in November with only 15,000 metric tons of the raw material exported, Fooladnews reported.
Iran’s local petrochemical complexes offered close to 45 grades of various polymers on the oil and petrochemical trading floor of Iran Mercantile Exchange (IME) at Tuesday’s trading.
The Tehran Stock Exchange (TSE)’s overall index took a dramatic nosedive to register its worst day since November 30, breaking below its psychological barrier of 68,000-point mark at Tuesday’s…
The procedures taken by commercial banks to provide loans to individuals and firms have long been subject to criticism by economic experts and the public.
The Money and Credit Council on Monday ratified a proposal for increasing ceilings of loans granted to the Mehr housing scheme, a controversial plan initiated by the former administration to build…
The Azadi gold coin on Tuesday rebounded from a three week low driven by gold’s four day rally as safe haven demand increased on falling stocks.
Azadi regained its upward momentum following…
Iran’s social media has been falling over itself in the past week over reports about Microsoft’s quiet but real entry into the Iranian technology sector.
T he Central Bank of Iran must now pay the difference between the official and market exchange rates to importers up to the year ending March 2013.
According to the parliamentary…
Since the beginning of the fiscal year (March 21, 2014), the Bank of Industry and Mine has provided $4 billion in loans through a Chinese credit line for the development of national projects…
Electric motorcycles in Iran are sold at four to five times more than the average global prices while the import tariff for electric vehicles (EVs) has been lifted in the country, ISNA reported on…
Iran’s automobile industry has registered 64.3 percent growth in a period of nine months, which ended December 21, the ministry of industry, mine and trade reported on Monday.
Car…
Iran, as the ninth global producer of antimony, has managed to localize the technology for producing antimony ingots, IRNA cited data from Iranian mineral processing research center.
Recent speculations over the gloomy performance of a wide range of listed companies including high yielding ones at the Tehran Stock Exchange (TSE) have led investors to hedge their bets.
The country exported more than 1.3 million metric tons of steel during the first nine months of the current Iranian year (which started March 21, 2014), according to IRNA’s Monday report.
The Iran Mercantile Exchange (IME)’s trading floors played host to more than 119,000 tons of various commodities offered by 25 local and international suppliers on Monday, IME’s public relations…
Tehran is playing host to three individual expos over the next three days, starting Monday, at the Permanent International Fairground, Iran’s largest exhibition center.
The latest report by the Central Bank of Iran (CBI) has revealed that the government’s debt to the banking system have increased by 27.75 percent in the year ending September 22, 2014.
When one lives in a city the size of modern day Tehran, it becomes quite apparent that many of the procedures you’d expect to be run by the local municipality are in fact conducted by small…
A top central bank official on Sunday denounced commercial banks' overdraft from the central bank as "inconveniencing."
A senior advisor to the managing director of Kish Free Zone Organization has held a meeting with the Malaysian Ambassador to Tehran Raja Nushirwan Zainal Abidin to explore avenues for expansion of…
Nearly 70% of the glass used in the country’s automotive industry is domestically manufactured, said Mohammad Fatemian, the general manager for the bureau of mineral industries at the ministry of…
If the essential needs of the steel industry, including foreign investment, development of the infrastructures, and most importantly organizing the projects are not met, the country’s steelmakers…
The Iran Mercantile Exchange (IME) saw a bustling day on Sunday as various zinc commodities and steel slab-c dominated its industrial and mining trading floor.
