Iran’s Customs Administration has levied an average of 18.8% duty on imports in the current Iranian year (started March 21, 2015), according to the Trade Promotion Organization of Iran.
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.
To improve political and economic relations, Slovenia will reopen its embassy in Tehran by the end of January, declared the European country’s visiting Minister of Economic Development and…
Tehran Stock Exchange now has a market cap of 3.1 quadrillion rials ($83.7 billion at market exchange rate), according to its chief executive, Hassan Qalibaf-Asl.
His comment comes as TSE’s…
Certificates of deposit for gold mined out of Zarshouran will soon be offered on the Iran Mercantile Exchange, according to its chief executive, Hamed Soltaninejad.
Zarshouran is Iran’s…
The Industrial and Commercial Bank of China (ICBC) is to help Iran finance and treasury operations, Hussein Yaqoubi, Central Bank of Iran’s deputy for international affairs said on Monday. Bank…
As Iran gets ready for a period of normalcy after the lifting of international sanctions later this week, the key private sector Tehran Chamber of Commerce is busy holding a series of meetings to…
Governor of the Central Bank of Iran, Valiollah Seif, announced his bank has developed a blueprint for self-reform as part of the central bank’s measures to prepare for the post-sanctions era.
Iranian lenders should be prepared to issue letters of credit as this week’s lifting of sanctions will put an end to limitations in the way, Majid Takht Ravanchi, deputy minister of foreign…
Iran Mercantile Exchange’s export trading board witnessed the supply of 55,000 tons of granulated iron ore by the Jalalabad Iron Ore Complex at the base price of $8 per ton on Monday. Furthermore…
Politicians from different parties disagree on policies and economists also at times don’t see eye-to-eye. The diversity is what fuels debate and progress and, sometimes, regression.
Tehran Stock Exchange’s overall index TEDPIX gained 327.70 points or 0.52% to end Monday trade at 62,788.7.
More than 1.2 billion shares valued at over $70 million were transacted to…
The impending removal of nuclear sanctions opens up new opportunities for Iran. Because of which, many countries and their respective companies have lined up to gain more advantage from the…
New private industrial and mining firms will receive tax incentives upon registration and obtaining the required permits as of the next Iranian year (to start March 20, 2016), Iranian Mines and…
Middle East growth is expected to jump to more than 5% in 2016 and 2017 thanks to a "rapid growth pickup" in the Islamic Republic of Iran, according to the World Bank.
Import costs for Iran will decline by at least 10% after the nuclear deal with the P5+1 comes into effect, Gholamali Kamyab, Central Bank of Iran deputy governor for foreign exchange affairs said…
Creating a competitive economy based on the free market will lead to decent growth rates and sustainable development, Abbas Akhundi, the minister of roads and urban development said Sunday.
Central Insurance company of Iran is looking at the status of third-party vehicle insurance performance over the past five years and the primary results indicate a gaping hole, said Mohammad…
Tehran Stock Exchange’s main index TEDPIX plunged 194 points or 0.31% to close Sunday trade at 62,461.
More than 723 million shares valued at $42.7 million changed hands, registering a 20%…
More than 12 million tons of non-oil goods worth $6.4 billion were exported from Bushehr Province during the nine-month period ending December 21, recording a 22% increase in volume and a 1…
The Intelligence Ministry is increasing efforts to fight economic corruption and tax evasion.
It recently foiled a plot to embezzle 8.6 trillion rials (about $230 million at current market…
Iran is home to over 40 billion tons of mineral reserves, 400 million tons of which are extracted annually, according to Jafar Sarqeyni, deputy minister of industries, mining and trade.
Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 1,500 tons of copper cathode by the National Iranian Copper Industries Company at the base price of $4.4 per…
Close to 12 million tons of crude steel, 11.7 million tons of steel products, 16 million tons of pellets and 11.3 million tons of sponge iron were produced during March-December 2015.
…
What is going on in Tehran’s property market? Would it be fair enough to claim that this once vibrant sector of the economy is finally out of the woods?
The value of Bank Melli Iran’s Qarzol-Hasaneh (interest-free) deposits stand at 72 trillion rials ($2.3 billion), said Abdolnasser Hemmati, the bank CEO. He added that BMI’s interest-free loans…
