The Head of the Hungarian chamber of commerce’s office in Yerevan has announced that the chamber is planning to set up a new office in Tehran in the near future, Fars News reported.
“The…
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.
State-owned lender Bank Meill Iran is planning to expand its business in the United Arab Emirates, as the new CEO seeks to revive the bank.
This is part of an agreement between Bank Melli…
Export-Import Bank of India (Exim Bank) has agreed to shell out a new $150 million line of credit for Iran's privately owned banks.
The Iranian lenders include Saman Bank, Parsian Bank,…
Private lender Eqtesad Novin (EN) Bank has revised its charter as of Monday December 22. The Tehran-based lender held an extraordinary general meeting to make changes to its charter. The meeting…
Iron ore concentrate production during the first eight months of the current Iranian year (March 21-November 21) hit 16.85 million metric tons, indicating a 5% increase compared to the same period…
The Iran Mercantile Exchange (IME) recorded a drop of between 2 to 16 percent in prices of various polymers during Monday’s trade, with polystyrene registering the biggest slump, IME’s public…
Soon after President Hassan Rouhani took office in August 2013, his minister of communication and information technology pledged major reforms to the ICT sector both in terms of the quality and…
Investor's overreactions calmed on Monday at the Tehran Stock Exchange (TSE) with the overall index rallying at its best since November 8, after market activists digested the dovish policy of the…
Shortage of raw materials, caused by a sharp decrease in cotton production, has been the textile industry’s main challenge during the past few years, ILNA quoted Alimardan Sheibani, deputy…
Farhad Nili, Head of monetary and banking research institute (MBRI), affiliated to the Central Bank of Iran, outlined the seven major challenges facing the Iranian economy during a ceremony held…
By virtue of Article 3 of the Planning and Budget Law (approved in 1972), and in accordance with the basic policies of the 'resistance economy' declared by the Leader on February 18, 2014, the…
Deposit rates will be lowered as of Dec. 22, the Central Bank of Iran announced on Saturday. The bank has also banned the provision of financial services to unauthorized financial institutions.
Iran’s first online business-to-business, consumer-to-consumer and business-to-consumer website has been unveiled. Called Wejoo the site touts itself as Iran’s first online marketplace where…
The General Inspection Office of Iran (GIO) will increase its oversight on state-owned lenders as most wrongdoings reported recently in the media have been carried out in the banking system, says…
Agricultural trading floor played host to 100 tons of white sugar, priced 20,500 rials per kg, 1,150 tons of local corn at the base price of 8,500 rials, and 25 tons of Russian barely, valued 9,…
Seesawing between small gains and losses on Saturday, the Tehran Stock Exchange (TSE)’s main index (TEDPIX) pulled out of red territory, edging up to trigger a new series of rallies, although the…
The production of copper cathodes during the first eight months of the Iranian calendar year (March 21-November 21) reached 129,369 metric tons, according to a report by the Iranian Mines and…
Iran Energy Exchange (IRENEX) said the lack of liquidity has prevented the IRENEX from reaching the projected two-trillion-rial monthly trades, reported ILNA.
Turkey, Egypt, and Vietnam have imposed high tariffs on Chinese crude steel and steel products. There also have been similar calls by steelmakers in the Arab countries in the Persian Gulf region.…
Chairman of Iran-China Joint Chamber of Commerce Asadollah Asgar-Oladi said that China has to finance several Iranian projects and continues to do so.
"We agreed to receive our money in the…
Investments worth $1.3b have been made in the ports and maritime sectors since the current government took office despite restrictions and problems facing the country, said the roads and urban…
The Central Bank of Iran has dismissed claims that the government is justifying the budget by manipulating the foreign exchange rates, according to an announcement published on the CBI website…
The Azadi bullion coin steadied below the 10 million rial per coin mark on Thursday after a four-week rally amid fears of economic hardships due to plummeting oil prices.
“The gold…
The domestic steel industry has failed to achieve the 5-million-metric-ton increase in annual production set for the current Iranian calendar year (started March 21), said the chairman of the…
The French auto manufacturer Renault said its Iran sales in 2014 indicate a 16% decrease compared to 2013, despite the lifting of sanctions on car imports to Iran, reported Tasnim news agency on…
