A memorandum of understanding was signed in Baku between the Iranian National Standards Organization and the State Committee on Standardization, Metrology and Patents of the Republic of…
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.
Tehran Stock Exchange’s benchmark index TEDPIX gained 334 points or 0.4% during the trading week that ended August 10 to close at 78,190.
TSE trading begins on Saturday and ends on…
Trade with Afghanistan can increase to at least $6 billion per year from the current $2.5 billion, said the Minister of Economy Ali Tayyebnia.
In a groundbreaking decision, the government has announced measures to transfer its accounts from agent banks to the Central Bank of Iran in line with its policies to promote transparency and…
A new plan is being reviewed by Money and Credit Council, which would allow auto manufacturers to own up to 35% of bank shares, said Kourosh Parvizian, Parsian Bank’s CEO. The permission is…
The Central Insurance of Iran, the industry’s regulator, has revoked the licenses of 58 law-breaking brokers and agents, in response to complaints filed by policyholders in the last Iranian year (…
EN Bank on Tuesday unveiled its financial supermarket, in cooperation with its affiliates, Novin Insurance and Novin Investment Bank. The move is intended to improve customers’ experience,…
Saman Bank has established corresponding relations with India’s IDBI Bank, offering services like payment orders and letters of credit in rupee. The bank currently has links with 330 banks…
Bahar Azadi gold coin was traded at 11.25 million rials ($362.3) in Tehran on Wednesday, up by 1.26% or 140,000 rials compared with the previous day's close.
The Emami gold coin was up 1.1…
A reduction in interest rates would be effective as the country is still grappling with economic recession and lower rates can stoke demand and reduce the cost of living, a deputy head of the…
Money changers will not be affected by banks operating in the forex market, the head of Export Development Bank of Iran Brokerage firm said.
Referring to the achievements of Iran’s nuclear deal with world powers, the former head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture said the agreement had been beneficial for…
Bank Maskan, which specializes in the housing sector, is prepared to lower its lending rates from 11% to 9%, said the bank’s CEO on Tuesday.
The plans and policies devised in the Banking Overhaul Plan—signed into law by President Hassan Rouhani earlier this month—show that the country’s economic officials, including the economy…
Tehran Stock Exchange’s main index shed 177.9 points or 0.23% to end Wednesday trade at 78,190.5.
More than 689 million shares valued at $88.4 million changed hands for the day.
Iran…
Iran plans to stop non-agglomerated iron ore shipments exports in the near term given the need of local steelmakers and the declared aim to increase export of high value-added products.…
Iran plans to become the world’s 6th largest producer of steel as per the 20-Year National Vision Plan, which stipulates annual capacity expansion of 55 million tons of crude steel by 2025.
At a meeting earlier this week to address the challenges of the domestic cement industry, it was suggested that cement be used instead of bitumen in building roads and pavements in a new bid to…
More than 100 tons of smuggled fruits were destroyed in West Azarbaijan Province’s city of Bazargan on the Turkish border last week, director of the Plant Protection Organization Ali…
Central Bank of Iran’s recent decision to legalize gold exports will not impact prices since “gold prices fluctuate in tandem with global prices rather than the volume of our country’s gold…
Iran and Georgia have had their share of ups and downs before coming to the point of improved cooperation. Iran was among the states to acknowledge the independence of Georgia in 1992. Since that…
More than 9.6 million tons of iron ore concentrate was produced during the first four months of the current Iranian year (March 20-July 20) ), which indicates a 16% rise compared to same period…
The 16th International Building and Construction Industries Exhibition -- Iran Confair 2016 – will be held in Tehran August 12-15.
Iranian steelmakers exported more than 2 million tons of steel products during the first four months of the current Iranian year (March 20-July 20), posting a whopping 77% increase compared to…
Tehran Stock Exchange’s main index gained 43.50 points or 0.06% to end Tuesday trade at 78,368.4.
More than 781 million shares valued at $63.8 million changed hands for the day.
…
