Business And Markets

India’s long-running plan to upgrade and operate maritime facilities at Chabahar Port in Iran faces fresh delays after an initial bidding process to select a private operator for the…

Just as European corporation are making inroads into Iran’s market, investors are working their way to handle banking problems to break the ice in the post-sanctions era.

This is while…

Some 60 million tons of steel products were transported in Iran during the last Iranian year (March 2016-17). “The share of railroads from this amount was 20 million, that is one-third,” Saeed…

Economy Minister Ali Tayyebnia has called on Bank Melli Iran, the nation's biggest lender, to be at the vanguard of much-needed reforms in the ailing banking sector by supporting businesses,…

Bank Saderat Iran is to provide its customers with a wide range of financial services under one roof with the establishment of a “financial supermarket” in the near future.

A 35-member delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture led by the chamber's chief, Gholamhossein Shafei, have wrapped up a visit to Belgium and Luxembourg to…

Russian transportation vehicle manufacturing and engineering company Sinara Transport Machines will supply 17 locomotives to Iran in 2018, as part of a €24 million contract that has yet to be…

After five weeks of uninspiring performance, Tehran Stock Exchange and Iran Fara Bourse posted solid gains last week to stand at their respective one-month highs. Both markets recorded upticks for…

An analysis of the Ministry of Industries, Mining and Trade's data shows growth in the production of crude steel, finished steel products, iron ore, coal concentrate and sheet glass in the last…

Buying activity in the Iranian flat steel import market was limited last week as prices continued to increase, supported by the upward trend in the global market.

“I think prices cannot…

Iran is among the top wheat consumers in the world. Consumption per capita in the country is estimated at 167.6 kilograms per year, almost three times the global average of some 67 kilograms.

Iran and Vietnam are going to cooperate on exchange of international postal money order through the International Financial System in Universal Postal Union.

Iranian insurers annually pay $3 billion as compensation for traffic collisions which, according to the Central Insurance of Iran, is very high and considered a national loss.   

As the bank interest rates’ cuts are a hot topic of discussion these days, the minister of industries, mining and trade has said cutting interest rates should not be forced and the resources of…

In its latest meeting on Wednesday, the Cabinet led by President Hassan Rouhani reviewed a report provided by the Central Bank of Iran on the situation of illegal credit institutions.

In…

The implementation of Iran’s nuclear accord with world powers in early 2016 bodes well for Bank Saderat Iran, as its foreign exchange services registered a significant annual increase.

A previously-promised nationwide online database of all residential units across the country is planned to become operational by the end of the current fiscal year (March 20, 2018), the head of…

Malaysia exported RM748.1 million ($174.1 million) worth of palm oil to Iran during the five months of 2017, up 141.5% compared with last year’s corresponding period, Malaysian English-language…

Iran’s main heavy plate producer, Khuzestan Oxin Steel Company, is planning to increase its exports in the current Iranian year (started March 21) to around 10% of its overall output, the company’…

Tehran Stock Exchange’s main index gained 19.20 points or 0.02% to end Wednesday trade at 79,509.6.

Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.

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The government will invest about 15 trillion rials nearly $395.5 million) in agricultural mechanization in the current Iranian year (March 2017-18), 25% more compared with last year’s investment,…

Online trading at Iran’s capital market accounted for 29.09% and 21.42% of the total number of traded shares and trade value during the first quarter of current fiscal year (March 21-June 21. Over…

Ukrainian former president, Viktor Yushchenko, announced that his country intends to expand economic ties with Iran, for which a Ukrainian delegation is negotiating establishment of financial ties…

Lawmakers on Tuesday had a closed-door meeting with the Governor of Central Bank of Iran Valiollah Seif, as the regulator’s actions had become a talking point in the controversy surrounding…

The Financial Action Task Force’s latest verdict regarding Iran, based on which active countermeasures were suspended again, has “opened up some space” for major international companies to start…