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.

  • Islamic Finance Coop. With REDmoney
    The Iranian Association of Islamic Finance has signed a memorandum of understanding to expand cooperation with REDmoney, a leading company organizing events on the Islamic financial markets across...
  • Steel Sales Up 42% in Q1
    Coming out of a prosperous year with rising sales and profits, Iranian steel companies had a slower growth in the first three months of the current fiscal year (March 21-June 21), but still managed...
  • TEDPIX Gathers Pace on Mon.
    Tehran Stock Exchange’s main index gained 37.46 points or 0.03% on Monday to end trading at 108,109.8. About 1.52 billion shares valued at $67.28 million changed hands at TSE for the day. Trading...
  • Iran Could Join Russia’s Regional Payment Network
    Russia is looking to establish a regional payment network in the foreseeable future and Iran can become a member if it meets the technical requirements, the chief executive of Informatics Services...
  • Aluminum Output Increases 11%
    Iran’s major aluminum companies produced an aggregate of 91,379 tons of aluminum products during the first quarter of the current fiscal year (March 21-June 21), which indicate an 11% increase...
  • Iran, Nakhchivan Seek to Expand Customs Relations
    Chairman of the Supreme Assembly of Nakhchivan Autonomous Republic Vasif Talibov discussed economic ties with the head of the Islamic Republic of Iran Customs Administration, Foroud Asgari. The...
  • Challenges Ahead for Banking System
    The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming...
  • Windfall Taxation on Gold Coin, Forex Trading
    Government is to levy taxes on gold coin and foreign currency buyers who benefited from windfall profits amid the recent volatility in the two markets, the economy minister announced on Monday. ...
  • IMIDRO Concludes Largest Aerial Geophysical Survey
    Iran’s largest mining holding has concluded the last stage of its largest aerial geophysical survey in the western Kurdestan Province. The state-owned Iranian Mines and Mining Industries...
  • Imminent Change in Travel Currency Policy
    The Central Bank of Iran is expected to change its policy of giving foreign currencies to people traveling overseas at subsidized rates as soon as next week, in the face of growing public pressure...
  • Int’l Airlines’ Presence in Iran Boosted After JCPOA
    A total of 51 foreign airlines are now operating in Iran, up from fewer than 40 before the implementation of the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action. ...
  • 844 Points Wiped Off TEDPIX in Sunday Trade
    Tehran Stock Exchange’s main index lost 844.34 points or 0.78% on Sunday to end trading at 108,072.3. About 869 million shares valued at $43.95 million changed hands at TSE for the day. Trading...
  • US Confiscates 500 Iranian Bitcoins
    The US federal government confiscated at least 500 Bitcoins belonging to Iranians, the president of Iran’s Blockchain Association said.  Sepehr Mohammadi added that Iranians had spent about 250...
  • The private sector completed the construction of 52,081 buildings in H1 2017-18 across all urban areas
    The latest data disclosed by the Central Bank of Iran show that private sector investment in the housing sector increased during the first half of the previous fiscal year to Sept. 22, 2017, with...
  • Copper Concentrate Output Up 11%
    Copper concentrate produced by major Iranian copper firms reached 313,273 tons during the first quarter of the current fiscal year (March 21-June 21), which indicates an 11% growth compared with...
  • Khorramshahr Port City Throughput Tops 480K Tons
    More than 483,391 tons of goods have been loaded and unloaded in the southwestern port city of Khorramshahr, Khuzestan Province, since the beginning of the current fiscal (March 21), the director...
  • Platform to Promote FATA-IFA Interactions
    A new platform has been launched to facilitate interactions between the Iranian Cyber Police (FATA) and Iran Fintech Association.  “It aims to serve as a channel of safe and quick communications...
  • Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
    Foreign exchange rates in the unofficial market registered gains on Sunday after the government stopped all currency allocation at the unified rate of 42,000 rials.  The measure to suspend the...
  • TEDPIX Trading Torpid
    Tehran Stock Exchange’s main index lost 588.45 points or 0.54% on Saturday to end trading at 108,916.7. About 810 million shares valued at $41.35 million changed hands at TSE for the day. Trading...
  • Government Approves Iranian Bank Branch in Mumbai
    Just weeks before US reimposes sanctions on Iran, the Indian government has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai. According to Indian Express,...
  • Bank Maskan is the agent bank of Iran’s housing sector.
    Bank Maskan, the agent bank of Iran’s housing sector, has released its latest performance report showing that the number of loans it allocated to applicants during the first quarter of the current...
  • Q1 Banana Import at Over $130m
    A total of 141,139 tons of bananas worth $137 million were imported into Iran during the first quarter of the current Iranian year (March 21-June 21), which shows a 24% drop in weight and a 3%...
  • US Lifts Ban on ZTE Over Alleged Iran Sanctions Violations
    The US Department of Commerce on Friday lifted a ban on US companies selling goods to...  
  • Railroad Projects Endure Despite Sanctions
    Iran’s rail sector could be named the top beneficiary of the nuclear deal the country signed with world powers in 2015, as it has managed to considerably improve its performance in the past three...
  • US Sanctions to Intensify European Woes for Insuring Iran Trade
    New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European...

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