Business And Markets

Blockchain technology is set to decentralize mechanisms governing the world’s financial systems and the Central Bank of Iran has focused efforts on studying ways to benefit from that technology…

The research arm of the Majlis in a new assessment of next year's proposed budget, says government revenues predicted for fiscal 2019-20 are unlikely to materialize. 

Iran's trade of mineral products recorded a $4.74 billion surplus for the nine months ending Dec. 21. The country exported 44.72 million tons of mineral products worth over $7.28 billion during…

Major Iranian lead and zinc producers extracted 884,478 tons of ores during the nine months to Dec. 21, which indicates a 24% rise in production compared with last year’s similar period, the…

Rules for launching an official foreign exchange market were approved by the Money and Credit Council - a top financial decision-making body headed by the governor of Central Bank of Iran.…

Tose'e Etemad Mobin, parent company of Telecommunication Company of Iran, is to issue 5 trillion rials ($46 million) worth of equity-based Ijarah sukuk on Iran Fara Bourse  (an over counter…

As Iranian businesses were reeling from the previous round of US sanctions -- scrapped as part of the historic 2015 nuclear deal -- little did they know that something more problematic was…

A total of 34.3 million tons of iron ore concentrate were produced in Iran during the nine months to December 21 to register 22% growth compared to last year's similar period.

A rally in Iranian stocks picked up pace on Tuesday, following the lead of commodity shares as nine-monthly reports of refinery, petrochemical and metals companies was…

The Tehran Stock Exchange has released an analysis comparing the fiscal 2018-19 budget with a year before and budgetary forecast on the capital market performance for the year ahead. 

Businesses received entrepreneurship awards on Tuesday at the third Amin al-Zarb Awards ceremony organized by Tehran Chamber of Commerce, Industries, Mines and Agriculture. 

Major Iranian steelmakers exported a total of 4.36 million tons of semi-finished and finished steel products during the nine months to Dec. 21 to register a year-on-year decline of 15%, latest…

Head of the Supreme Council of Iran’s Free Trade Zones said Monday the rules and regulations for launching an international bourse have been written and sent to economic commission of the…

The governor of Central Bank of Iran says the initiative to remove four zeros from the national currency will take up two years because first the legal and technical infrastructure must be in…

Housing facilities allocated during the first eight months of the current fiscal year (March 21-Nov. 21) increased by 30% compared with the same period of last year, the managing director of…

The First National Summit and Exhibition of Iran Steel opened at Tehran’s Milad Tower on Monday.  Organized by Iranian Steel Producers Association, the event is focused on localization,…

Iran Chamber of Commerce, Industries, Mines, and Agriculture in a notice called on exporters to keep on repatriating their currency earning on Integrated Forex Deals System, locally known as…

Close to €22 billion was allocated by the Central Bank of Iran for import of essential goods during the first nine months of the current fiscal (March 21- December 21). 

Governor of the Central Bank of Iran Abdolnaser Hemmati said Sunday the regulator has proposed to the government lopping off four zeros from the rial. In a meeting with a group of lawmakers,…

Fitch, the global ratings agency has predicted that Iran's insurance sector will record an average of 15% growth a year in the next five years, as the partial easing of sanctions against the…

Tehran Stock Exchange’s main index TEDPIX gained 208.54 points or 0.13% on Saturday to end trading at 161,107.4.  More than 1.8 billion shares valued at 4.27 trillion rials ($39.93 million…

The Expediency Council, a powerful body that resolves disputes between parliament and a watchdog body, the Guardian Council, on Saturday approved the amendment to Combating Money Laundering Law…

While most stock exchanges around the world closed 2018 in the red, Tehran Stock Exchange was ranked the top-performing stock market in Asia.  According to Security and Exchange News…

Proposed funding in the next year budget plan for the principal amount and interest on bonds issued the by government in the current fiscal (ends March 2019) is 304 trillion rials ($2.8 billion…

Electronic payment network locally known as Shaparak processed an estimated 1.795 million transactions worth 2.2 quadrillion rials ($21 billion) during the Iranian month of Aban (Oct. 23-Nov. 21…