The ministry of communications and information technology has received only 6 trillion rials ($223 million) of the total 15 trillion rials ($559 million) in state budget allocated for 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.
Resistance economy has become the face for change in Iran in recent years. In actuality it is taking steps to circumvent sanctions against the country. Under this pretense, the central bank is…
Indian conglomerate Essar Group, is looking to tap frozen Iranian oil revenues for its steel exports to Tehran, in a novel attempt to work around western financial sanctions against the Islamic…
A banking official has warned that any intervention by the government to set the interest rate may be the repetition of past mistakes, referring to previous administration officials who…
The new aluminum ingot production unit at the Iran Aluminum Company has physical progress of almost 75 percent, Majid Feizabadi, the company’s managing director told IRNA, adding that once the…
The scope of exploratory drilling in the projects run by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has increased to 100,000 meters, indicating a 61.8…
The equity market is grabbing the headlines again, thanks to its increasingly volatile situation, which is mainly caused by the unsettled investors’ emotional investing bias.
The Tehran…
The Tehran International Permanent Fairground is hosting 3 international exhibitions this week with a large number of foreign companies and business representatives participating from various…
Tehran Stock Exchange (TSE) finished another downward trading week, although it experienced two positive consecutive trading days.
Given the market ambiguities, which triggered unsettled…
The 9th auto parts international exhibition (IAP 2014) was inaugurated on Tehran's Permanent International Fairground on Friday, hosting over 360 domestic companies and some 450 foreign exhibitors…
Foreign investors are showing more signs of interest in the Tehran Stock Exchange following new regulations on foreign investment. Brokerage companies and individual investors from across Europe…
South Korea has transferred $500 million to Iran to pay for crude oil imports under the interim nuclear deal that provides limited relief from sanctions, two sources with direct knowledge of the…
Uber, the mobile phone application that lets people pick up unofficial (illegal taxis) in over 80 cities worldwide has had an amazing ascension in recent months. Back in later summer, the online…
The dollar soared to an eight month-high versus the Iranian currency on Wednesday, extending its four-day rally.
Meanwhile, the Azadi bullion coin jumped to a two-month high on Wednesday,…
Economy minister Ali Tayebnia is in Istanbul to take part in the ministerial meeting of the 30th session of the Standing Committee for Economic and Commercial Cooperation of the Organization of…
The National Development Fund of Iran has no responsibility to grant loans for development projects, said the deputy of the fund at a conference that was held in the central city of Isfahan to…
Despite the current annual demand for the import of 8.5 million metric tons of iron ore pellets, almost no Iranian port possesses the required infrastructure for such a high volume of the raw…
The agricultural trading floor at the Iran Mercantile Exchange (IME) was witnessing the trade of nearly 6,050 tons of various commodities for potential customers on Wednesday, IME’s public…
The 2nd International Iranian Auto Industry Conference, the IAIIC 2014, is scheduled to unveil the domestic auto industry’s new strategy, which defines the plans in line with the 2025 Vision Plan…
Stock indices slid further at Wednesday’s close, after dropping as much as 1.5 percent on Tuesday, dragging down the Tehran Stock Exchange (TSE)’s benchmark from its recent record highs.
The 20th edition of Iran’s International Exhibition of Electronic, Computers, and E-Commerce, Elecomp 2014, will not be organized by the Iranian ICT Guild organization (IIG). After the IIG…
More than 17,040,000 tons of iron ore has been produced within the first 7 months of the current Iranian year, ended October 22, IRIB reported. In addition, close to 520 tons of concentrated coal…
The rial fell for a second consecutive day against all major currencies and gold on Tuesday.
The US dollar edged up by 0.06 percent to 32,620 rials by 12:30 GMT. The greenback had advanced…
Officials from a major steel company based in northwestern China currently visiting Anzali Free Trade Zone have expressed their readiness to invest in the site, the public relations of AFTZO said…
Iran, occupying the body of land between the Caspian Sea and the Persian Gulf, connects the lands of the East and the West.
In ancient times, the intercontinental transport of luxury…