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.
July 21, 2023 18:51
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April 11,2018The Central Bank of Iran’s policy to cap bank interest rates at 15% effectively changed the composition of deposit contracts signed with financial institutions. A review of data published by the... -
April 11,2018The average age of Iran’s passenger wagons decreased by 22% to 28.5 years in the last fiscal (March 2017-18) from 36.9 years in the previous year, CEO of Raja Railway Transport Company, Mohammad...
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April 11,2018Tehran Stock Exchange’s main index lost 460.95 points or 0.48% on Wednesday compared to the day before to end trade at 96,287.1. About 958 million shares valued at $49.36 million changed hands at...
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April 11,2018When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined. CBI announced late Monday...
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April 11,2018Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency....
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April 11,2018A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports. Major Iranian...
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April 10,2018Tehran Stock Exchange’s main index lost 372.69 points or 0.38% on Tuesday compared to the day before to end trade at 96,748. About 759 million shares valued at $27.84 million changed hands at TSE...
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April 10,2018As part of its commitment to improve transparency about its performance, Tehran Municipality unveiled a first-of-its-kind website, Shafaf.tehran.ir, on Tuesday. The website offers viewers a full...
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April 10,2018Iran's liquidity exceeded 14.89 quadrillion rials ($354.52 billion) by the end of the 11th month of the previous fiscal year to Feb. 19, latest data released by the Central Bank of Iran show....
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April 10,2018Bank Melli Iran, the nation’s biggest bank, is set to issue its first-ever housing bonds soon and experts believe that will lead to a drop in the price of bonds in the over-the-counter Fara Iran...
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April 10,2018Iran has proposed conducting a project with Russian Railways to electrify a 3,000-kilometer railroad that...
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April 10,2018A total of 213 mutual and exchange-traded funds in Iran's capital market posted an average return of 17.5% during the previous fiscal year (March 2017-18), data released by Financial Information...
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April 10,2018Following news that the US dollar rate has been unified at 42,000 rials, gold prices also went into freefall, although the head of Tehran Gold and Jewelry Union declared that gold coin trade has...
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April 10,2018The Central Bank of Iran's Governor Valiollah Seif answered heated questions during an appearance in the latest open session of the parliament after the government announced late Monday that it has...
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April 10,2018The Iranian government decided to put an end to the dual exchange regime, in an attempt to control the bullish forex market and promote safety of foreign investments.
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April 09,2018Tehran Stock Exchange’s main index added 779.57 points or 0.81% on Monday compared to the day before to end trade at 97,120.8. About 1.04 billion shares valued at $36.55 million changed hands at...
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April 09,2018Rampaging foreign exchange rates have grabbed many headlines in the past few months and especially the past few days, but the ailing housing sector that recently showed signs of coming out of its...
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April 09,2018Russian Energy Minister Alexander Novak said the country is considering an option of making oil payments in national currencies, particularly with Turkey and Iran. According to Novak, both...
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April 09,2018The last fiscal (ended March 20, 2018) had its ups and downs, but it was propitious for major Iranian exchange-listed steelmakers. Increasingly favorable global conditions, rapid capacity...
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April 09,2018The Ports and Maritime Organization plans to increase Iranian ports’ container capacity from 5.94 million TEUs in the last Iranian year (ended March 20, 2018) to 9 million TEUs by the end of the...
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April 09,2018The current upheaval roiling the foreign exchange market requires a different response than in the past, as conditions surrounding the volatility have changed, the government spokesman said. ...
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April 09,2018Following the signing of a short-term refinance deal, the Europaisch-Iranische Handelsbank AG has allocated a €30 million credit line to the Export Development Bank of Iran. This was announced by...
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April 09,2018Bank Melli Iran's investment arm, Tosee Melli Group Investment Company, is planning to continue its downsizing efforts, which started last year, by selling stakes in six of its assets in the new...
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April 09,2018Iran’s capital market raised over 132 trillion rials ($2.64 billion) through the issuance and sale of Islamic bonds in the last fiscal year (March 2017-18), indicating a 58% increase compared with...
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April 08,2018The government is intervening in the pricing of base metals in the local market, again. At the behest of Industries Minister Mohammad Shariatmadari, his deputy Hassan Younes Sinaki has recently...
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