The government is expected to buy an estimated 9.5 million tons of wheat from local farmers in the current Iranian year (March 2016-17), a deputy agriculture minister said. “This would make the…
Business And Markets
<p>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.</p>
Swedish firm Pomegranate Investment AB plans to launch the first initial public offering to raise capital for investments in Iran since western sanctions on Tehran were lifted.
At present over 100 producers of tissues are active in Iran.
Fereydoun Dehkhargani, an official with Iran Cellulose Products Manufacturers of Iran, added that some of these units have more…
Members of Rice Exporters Association of Pakistan say they are going to open offices in Tehran and Mashhad to increase exports to Iran.
Pakistan, which used to be the top rice exporter to…
Tehran Stock Exchange's main index TEDPIX gained 312.40 points or 0.41% to end at 76,292.9 on Tuesday. Oil and mining companies' considerable gains were the main driving force behind the benchmark…
When it comes to ties with Europe, Iran has no better friend than Italy. The eurozone’s third-largest economy, in the words of Vincenzo Amendola, undersecretary of state for foreign affairs “has…
Bank Melli Iran Monday held a ceremony to celebrate last week’s Pro League Championship of Esteghlal Khuzestan, its affiliate football club. Mohammad Reza Hosseinzade, BMI acting director, said…
Cement prices are expected to rise by about 15% in late June, says chairman of the board of directors at Cement Industry Employers Association. According to Mohammad Atabak, the hike in prices is…
The Economy Minister Ali Tayyebnia on Sunday appointed Abdolnasser Hemmati, former CEO of Bank Melli Ian to head the Central Insurance company of Iran. The company’s former boss resigned last week…
The International Monetary Fund will support Iran to reconnect with international banking networks, David Lipton, first deputy managing director of the IMF said in a meeting with Valiollah Seif,…
The first edition of the Iran-Italy Summit was held in Tehran on Monday with a large delegation of Italian business leaders conferring with their Iranian counterparts on ways to foster closer ties…
Top bankers from Iran and the Republic of Azerbaijan have agreed to establish a joint banking and monetary committee to help set the stage for founding a joint bank in the near future.
The excessive size of the government undermines the viability of private firms operating in the mining sector, according to the head of Iranian Mines and Mining Industries Development and…
Debt dominates the global economy, both due to security and policies in global finance that favor debt over equity. Bonds are one of the two main sources of government revenue, along with taxes.…
Tehran Stock Exchange’s main index TEDPIX gained 117.30 points or 0.15% to close Monday trade at 75,980.5. Oil, gas and petrochemical companies as well as banks provided the biggest boost to the…
Doha Bank, Qatar’s fourth largest lender by assets, said that while it expects to see consolidation in its (P)GCC operations in 2016, the bank is still eyeing expansion into new markets that may…
David Lipton, first deputy managing director of the International Monetary Fund arrived in Tehran Sunday. He will confer with the governor of the Central Bank of Iran, Valiollah Seif, Oil Minister…
Head of Iran Chamber of Commerce, Industries, Mines, Agriculture voiced opposition to protectionism in all of its forms, demanding free-market economics be upheld by the incoming parliament.
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Tehran Stock Exchange’s primary index TEDPIX lost 275.40 points or 0.36% on Sunday to wipe the previous day’s feeble gains and close at 75,863.2. Mining and investment companies had the most…
Supermarket and chain store shelves are nowadays filled with a variety of cakes and cookies, and this is an indication of the diversity of production.
More than 100 industrialized and semi-…
Iran is currently the world’s 15th biggest mineral-rich country, holding more than 7% of global mineral reserves worth over $700 billion.
Mineral experts believe that the country could…
About 3,000 billion rials ($87.03 million at market exchange rate) will be allocated for the cultivation of colza in the current Iranian year (March 2016-17), said an official with the Ministry of…
India will settle its $6.5 billion oil debts to Iran through Turkey’s Halkbank, said India’s ambassador in Tehran, Saurabh Kumar on Saturday.
A member of Tehran’s Chamber of Commerce, Industries and Mines says easing of the recession in the housing sector should not be expected anytime soon. Contrary to most observers, he says the…
Kosar Credit Institution has reemphasized the importance of government financial support for increasing the capital of commercial banks as crucial to energizing the banking industry.
