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.

  • IME Plans to Trade in Domestic Iron Ore Pellet, Concentrate
    Iran Mercantile Exchange plans to start trading in domestically produced iron ore pellet and...
  • About 958 million shares valued at $43.28 million changed hands at TSE on Feb. 27.
    Tehran Stock Exchange’s main index gained a feeble 2.34 points to end Monday trade at 98,100.8, indicating a 0.002% uptick compared to Monday. About 958 million shares valued at $43.28 million...
  • 19% Rise in Exports to Austria
    Iran exported more than €113.65 million worth of commodities to Austria in 2017, indicating an 18.74% rise compared with the previous year. Imports of Iran from the European country amounted to...
  • Gold Coin  Rally Explained
    Three main reasons were behind the recent gold coin rally, the head of National Gold and Jewelry Union said. Mohammad Keshtiaray also told IBENA that the surge in foreign exchange rates, the end of...
  • CBI Governor Valiollah Seif addressing the 7th Iranian Monetary Policies Conference on Feb. 26 in Tehran. (Photo: Amir Pourmand)
    Iran's economy is bedeviled by a series of major issues arising from decades of mismanagement that has made the banking system bear the brunt as the country's predominant financer, although efforts...
  • Hot-rolled coil was MSC’s main steel production during the period under review with output reaching 3.74 million tons.
    Iran’s largest flat steel producer Mobarakeh Steel Company ended the 11 month of the current fiscal year (Feb. 19) with robust growth in sales value and double-digit upticks in production and sales...
  • About 978 million shares valued at $74.40 million changed hands at TSE on Feb. 26.
    Tehran Stock Exchange’s main index gained 18.31 points or 0.02% to end Monday trade at 98,098.5. About 978 million shares valued at $74.40 million changed hands at TSE for the day. Trading at TSE...
  • FATF decided for a third time to suspend its countermeasures against Iran.
    The Financial Action Task Force finally issued a public statement about Iran on Friday, ending months-long speculations about the fate of a country it has kept on it blacklist for almost a decade...
  • Insurers-Capital Market Coop. Could Tame Liquidity
    Cooperation between the insurance industry and capital market could help control the volume of liquidity, whose rise has triggered concerns in recent years, the head of the Central Insurance of...
  • No Buyer for Struggling Steelmaker
    A 45.31% stake in Ahwaz Rolling and Pipe Mills Company offered by the Iranian Privatization Organization on Sunday failed to attract any buyers. The organization put up over 1.7 billion shares...
  • Irrigation Efficiency at 45%
    Irrigation efficiency in Iran has increased from 35% 10 years ago to 45% presently, the head of Soil and Water Research Institute affiliated with the Ministry of Agriculture said. Kambiz Bazargan...
  • Decoding Iran’s High Savings Trend
    In a sample of 25-odd developing countries that make up acronyms like Next-11, MINT, BRICS, ASEAN, BIMSTEC and CIVETS, Iran at 38% had one of the highest savings rate in 2016.  It had prominent...
  • About 884 million shares valued at $129 million changed hands at TSE on Feb. 25.
    Tehran Stock Exchange’s main index shed 96.63 points or 0.1% to end Sunday trade at 98,080.3. About 884 million shares valued at $129 million changed hands at TSE for the day. Trading at TSE and...
  • Total residential deals registered during the 11 months to Feb. 19 equaled 168,933, which indicate an increase of 12.8% compared with the same period last year.
    The total number of housing deals in Tehran reached 18,400 during the 11th Iranian month to Feb. 19, registering a 17.7% increase compared with the same month of last year, the Central Bank of Iran...
  • Iran-Denmark Trade Tops 11% in 2017
    Iran exported close to €10 million worth of commodities to Denmark in 2017, indicating a 37.7% rise compared with the previous year. Imports of Iran from the European country last year amounted to...
  • Iran aims to export 8 million tons of steel by March 20.
    Iranian steelmakers exported 6.55 million tons of steel during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), posting a 48% year-on-year growth, according to the Iranian...
  • Each Iranian annually goes to the movies 0.3 times on average.
    Although the price of cinema tickets in Iran is among the cheapest in the world, the number of Iranian movie-goers is small compared to many neighboring countries, let alone famous movie-producing...
  • Call for Privatizing Insurance Entity
    The Iran Chamber of Commerce, Industries, Mines and Agriculture has announced its readiness to steer Iran Insurers Syndicate to increase the share of private businesses in an industry suffering...
  • Continued Action to Improve the Situation With FATF
    Following the Financial Action Task Force’s latest decision, Iran’s Ministry of Economic Affairs and Finance issued a statement declaring that while it expected better results, the country will...
  • IME Trade Value at  All-Time High
    Trade value at Iran Mercantile Exchange hit 1.03 quadrillion rials ($23 billion) during the first 11 months of the current fiscal year (March 21-Feb. 19), marking a 39% year-on-year growth and...
  • INSIG Workers to Receive Delayed Payments by March 20
    Iran National Steel Industrial Group’s workers will receive their delayed payments by the end of the current fiscal year (March 20), Majlis representative of Khuzestan Province’s Ahvaz City, Ali...
  • Exports to Thailand, Indonesia See Biggest Rise
    Iran’s exports to Thailand and Indonesia, crude oil excluded, registered the highest growth compared to other export destinations during the first 10 months of the current fiscal year (March 21,...
  • Export Billet Prices Climb Amid Higher Offers, Transactions
    Iranian export billet prices went up by $5-15 per ton on an FOB basis in the week that ended Feb. 21 with higher offers being accepted by customers. Metal Bulletin’s weekly price assessment for...
  • Renewed Efforts to Sideline US Dollar in Foreign Trade
    Months after a meeting between Iran’s Leader Ayatollah Seyyed Ali Khamenei and Russian President Vladimir Putin in Tehran spurred officials and lawmakers to sideline the US dollar in Iran’s...
  • Rial Gaining Ground
    Rial continued its gain against the US dollar in Tehran's foreign exchange market, as the Central Bank of Iran pushed through with its rescue package to stabilize the currency that had lost a...

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