Business And Markets

For the second consecutive winter, the housing market is plagued by slowdown as stagnation is still seen in trades and many builders or property owners can hardly find a customer for their real…

Stocks waxed and waned on Sunday, causing the Tehran Stock Exchange (TSE)’s main index to keep tumbling and notch its 7th straight decline.

According to TSE data, stocks slid further after…

The Central Bank of Iran plans to sort out the affairs surrounding “14 unauthorized credit institutions” by the end of the year (March 20), said CBI Governor Valiollah Seif on Sunday.

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Cutting interest rates is often portrayed as both desirable and an action that has little in the way of long term consequences. While there are certainly situations in which reducing the current…

T he research center of the parliament issued a report Sunday on how the government has proposed to raise capital in state-owned banks in the budget of the next fiscal year (starting March, 21).…

The dollar, the euro and the British pound cut their losses versus the rial on Sunday as the foreign ministry denied late Saturday evening a breakthrough in nuclear talks with the West.

Trade and business consultants from 16 countries on Sunday held talks with representatives from commercial guilds, hotels and businesses active on Kish Island to explore avenues for bilateral…

The 8th International Exhibition of Goods, Services & Equipment of Chain Stores will take place at Tehran International Permanent Fairground on Jan. 5-8, FNA reported Saturday.  Other…

A senior Indian official stressed the importance of the Southern Iranian port of Chabahar for investment in various sectors, including the transit of India’s products to other countries FNA…

In the first 8 months of the fiscal year (starting March 21, 2014) 42,000 checks bounced in Iran.

Hopes are high that with the implementation and spread of a national unified electronic…

The Central Bank of Iran has rejected speculation that it has a discord over interest rates on deposits at commercial banks with the ministry of economic affairs and finance, IRNA reported on…

After a four week rout, the rial is on the rebound as the weakened currency spurred some buying.

The dollar fell against the rial on Saturday heading for the first full week of losses in…

After an eight-year hiatus, a letter of credit (LC) has been issued by a foreign bank for the South Aluminum Company (SALCO) which is expected to produce 300,000 metric tons of aluminum per year,…

The Iran Mercantile Exchange (IME) saw both local and imported rice being traded on the agricultural trading floor on Saturday, IME’s public relations and foreign affairs office reported.

Following the past three months’ declining prices of the mortgage-backed securities, the greater-than-demand supply is the main reason why such securities lost their value again in the past…

The Tehran Stock Exchange (TSE)’s overall index once again retreated at Saturday’s close to extend its massive losses incurred within the past few months, with all indices pushing the TEDPIX to…

Iran Privitazion Organization (IPO) has put up three gas stations for auction in the northern province of Golestan, IPO’s public relations office reported. A horse race track in the centre of Iran…

A group of commercial envoys met in Kish Island with Ali Jirofti - vice president of investment and economic development of Kish free trade zone – to discuss investment opportunities for their…

Stocks in Iran’s equity market posted another massive wipeout, and lost ground during the week that ended December 31, after the overall index lost 1,180 points to lose grip on the 69,000-point…

The Ministry of Industry, mine, and trade has issued 109,048 industrial establishment licenses within the first 8 months of the current Iranian year, which ended December 21, IRNA reported. Given…

The minister of industry, mine, and trade stressed that carmakers should enhance the quality of domestic cars and manufacture world-class vehicles by seeking assistance from reliable international…

Based on the latest exploration operations carried across the country, as much as 30 million metric tons of gold, 90 million metric tons of iron ore, and 120 million metric tons of coal have been…

More than 622,000 tons of different commodities worth $330 million were traded at the Iran Mercantile Exchange (IME) during the week that ended December 31, IME’s public relations and…

The shortage of more than 1.5 million metric tons of scrap iron per year has forced many private sector steel plants to shut down their furnaces several times a week, Fooladnews reported.

Iran’s premier business accelerator program has announced that one of its first batch of startups is now in full swing. Today’s business highlight 2nate (pronounced donate in Persian), is a unique…