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 rail link between Astara in Azerbaijan and the Iranian namesake city was officially opened in a ceremony held on March 29.
    The rail link between Astara in Azerbaijan and the Iranian namesake city was officially inaugurated ...
  • Record Set in Railroad Freight Transportation in Iran
    Close to 47 million tons of cargo have been transported via railroad in Iran since the beginning of the current Iranian year (March 21, 2017), which indicates a 17.5% increase compared with the...
  • Iranian steelmakers have experienced a very good fiscal year so far with solid growth registered, except for two months.
    Major Iranian steelmakers exported 6.56 million tons of semi-finished and finished steel products during the first 11 months of the current fiscal year (March 21-Feb. 19), registering a 39% growth...
  • President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
    President Hassan Rouhani on Sunday outlined his administration’s vision of promoting economic prosperity in the next Iranian year (starting March 21), as well as goals set for the country in the...
  • Inefficient management of water resources is largely to blame for the looming crisis in Iran’s agricultural sector.
    The agriculture sector grew by 1% during the first nine months of the current Iranian year (March 21-Dec. 21, 2017), experiencing the lowest growth over the past six years, based on the latest...
  • Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
    Iran exported more than 58.09 million tons of mineral products worth over $8.39 billion during the first 11 months of the current fiscal year (March 21-Feb. 19), down 3% in tonnage and up 6% in...
  • SCI: Q3 Housing Growth at 6.5%
    The Statistical Center of Iran has released its assessment of Iran’s housing and construction sector, announcing that the sector has experienced another season of growth. The sector registered a 6...
  • Iran Moving Toward National Virtual Currency
    News about Iran striving to launch its own virtual currency garnered mixed reactions and raised a number of questions, namely about the potential uses of the currency and the government’s role. “...
  • TSE Gauge Ends Sunday Trade 0.25 Percent Higher
    Tehran Stock Exchange’s main index gained 242.33 points or 0.25% to end Sunday trade at 95,819.6. About 940 million shares valued at $51.98 million changed hands at TSE for the day. Trading at...
  • Checks Valued at $15 Billion Exchanged in 1 Month
    The Central Bank of Iran has disclosed the latest statistics on the number and value of bank checks, which indicate a monthly rise and yearly decrease in the number and value of bounced checks....
  • IKCO Sells Majority Stake in Subsidiary
    Iran Khodro has sold a 50.2% stake worth 720 billion rials ($15 million) in Mashhad Wheel Manufacturing Company following a one-day delay in its offering. The sale, made up of 223.39 million shares...
  • $92m Worth of Gov’t Debts to Be Cleared in Swap Deal
    The government has decided to clear over 4.45 trillion rials ($92.7 million) worth of its debts to contractors and companies through a debt swap deal with Iranian Privatization Organization and...
  • Banque Delubac Ready to Service Iranian Businesses
    Executives with Banque Delubac and Cie, an independent French lender, on Sunday met with representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss ways of...
  • Banks Faring Well
    The Association of Banks and Private Institutions has released a statement, assuring the public that banks and credit institutions are well-regulated by the Central Bank of Iran. The body...
  • Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
    The Economy Ministry sold 2 trillion rials ($41.6 million) of Islamic bonds on Iran Fara Bourse on Sunday to finance the establishment of a railroad connecting three major cities. The bonds’...
  • Steel production stood at 38.12 million tons, registering a 14% rise YOY.
    Iranian steelmakers exported 7.41 million tons of their products in the first 11 months of the current fiscal year (March 21-Feb. 19), registering a 52.2% year-on-year growth, the Iranian Steel...
  • KSC Buys 67% Stake in Mining Holding
    Iran’s largest steel exporter Khouzestan Steel Company has successfully bought majority shares in a major mineral holding, moving toward self-sufficiency in the steel production chain. It has...
  • No Telegram  Crypto for Iranians
    Telegram has announced that Iranian citizens will not be allowed to take part in Telegram Open Network initial coin offerings and will be prohibited from buying Gram cryptocurrency by the official...
  • The central bank officials of Iran and Oman convened in Tehran on March 17.
    A host of high-level officials of the Central Bank of Iran on Saturday met with a delegation from Oman led by its foreign minister to discuss ways of improving banking relations and linking the...
  • Railroads Transport 24m Passengers
    Some 24 million passengers have been transported via rail in Iran since the beginning of the current fiscal year on March 21, 2017, registering a 6.5% increase compared with the similar period of...
  • The government bonds are meant to finance buyback of bonds that matured in the current fiscal year (March 21, 2017-18).
    The second batch of the new Islamic debt security Manfa’ah sukuk valued at 20 trillion rials ($416.6 million) was offered on over-the-counter exchange Iran Fara Bourse on Saturday. The 42-month...
  • Iranian Banking Sector Awaits Full JCPOA Benefits
    Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the country’s nuclear deal with world powers. While conceding that Iran has yet to reap many of...
  • About 1.35 billion shares valued at $60.39 million changed hands at TSE on March 17.
    Tehran Stock Exchange’s main index gained 51.44 points or 0.05% to end Saturday trade at 95,577.3. About 1.35 billion shares valued at $60.39 million changed hands at TSE for the day. Trading at...
  • Foreign Exchange Deposit Regulations Updated
    The latest update of regulations concerning foreign currency deposits in banks has been released by the Central Bank of Iran, according to which banks are required to return the original amount of...
  • 937 Mineral Exploration Permits in 10 Months
    The Ministry of Industries, Mining and Trade issued 937 permits for mineral exploration during the 10 months to Jan. 20, registering a 53% rise compared with last year’s corresponding period. Iran...

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