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.

  • Bruno Le Maire (R) and Olaf Scholz 
    Germany and France said they are working on financing solutions to sidestep US sanctions against countries such as Iran, including a possible role for central banks. The discussions, which also...
  • TEDPIX Nosedives 2.53%
    Tehran Stock Exchange’s main index lost 3,543.27 points or 2.53% on Tuesday to end trading at 136,765.9. About 2.23 billion shares valued at $64.66 million changed hands at TSE for the day....
  • New Towns Will  Undo Old Problems
    Twelve “new towns” have been planned in 10 provinces with the aim, among other things, of developing urban living areas and creating much-needed jobs.  Financial Tribune’s sister publication,...
  • Concerns Over Halkbank’s  Iran-Related Fines
    Investors are worried about a US Treasury investigation into majority state-owned Turkish lender...
  • Fresh Rally in Forex, Gold Markets
    Foreign exchange witnessed a fresh rally in the open market, which was accompanied by a surge in the price of gold coin.  On the Central Bank of Iran's website Sana that reports the average...
  • Int’l Carpet Expo in September
    The 10th International Exhibition of Floorings, Moquette, Machine-Made Carpet and Related Industries is scheduled to open at Tehran International Fairground on Sept. 6. According to the official...
  • Investment Funds Capitalize on Stocks Rally
    The record monthly growth in the Iranian stock market last month (July 23-Aug. 22), with a 26% increase registered in Tehran Stock Exchange alone, led to the prosperity of investment funds....
  • Tehran Home Sales Fall as Prices Soar
    The Central Bank of Iran on Tuesday released its latest data concerning Tehran's housing market, indicating that the volume of home deals has significantly declined as prices have jumped for the...
  • US Pressure on Iran to Facilitate SWIFT Alternative
    A group of US lawmakers have urged the US Treasury Department to cut off Iran from the Society for...
  • Iran Steel Output Soars by 23%
    Iranian steel mills produced a total of 14.45 million tons of crude steel during the first seven months of 2018, up 23.6% compared with last year’s corresponding period, according to the latest...
  • ‘IRAN PLEX 2018’ in September
    The 17th International Exhibition of Poultry, Livestock, and Related Industries, also known as IRAN PLEX 2018, is scheduled to open at Tehran International Fairground on September 6, the event’s...
  • Iran’s Crypto Blueprint on Track
    Informatics Services Corporation, the principal entity in charge of designing Iran's national cryptocurrency, has announced new details about the nascent currency's blueprint. According to...
  • TEDPIX Maintains Momentum
    Tehran Stock Exchange’s main index gained 1,726.61 points or 1.25% on Monday to end trading at 140,309.2. About 2.46 billion shares valued at $90.27 million changed hands at TSE for the day....
  • Surge in Speculative  Gold Coin Trade
    Speculative trade in the gold coin market is surging, although the coin’s price bubble has burst, the head of Iran’s Specialized Gold and Jewelry Commission said. Mohammad Keshti-Aray, however,...
  • $5.5b Worth of New Mining Projects Underway
    The Iranian mining sector is expecting new projects to come on stream by March 2019 with an investment of $5.5 billion. According to the Ministry of Industries, Mining and Trade, Iranian Mines and...
  • Banana Imports Hit $176m in Four Months
    More than 180,706 tons of fresh and dried bananas worth $176 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22). This marks a 22.6% and 2%...
  • Economist Censures Gov’t Crackdown on Warehouses
    Economists and businesspeople believe that cracking down on production units and warehouses, and treating them as criminals will have adverse consequences, as economic players will lose trust in...
  • 9.5 Million Checks Transacted in 1 Month
    A total of 9.5 million checks amounting to 866 trillion rials ($10.31 billion) were transacted in Iran during the fourth month of the current fiscal year that ended on July 22. In terms of numbers...
  • 70% of Essential Goods Imported Via Imam Khomeini Port
    Imam Khomeini Port in the southern Khuzestan Province accounts for 70% of Iran’s imports of essential goods. According to Adel Deris, the director general of Khuzestan Ports and Maritime...
  • Handmade Carpet Exports Rise 21% to $100 Million
    Iran exported $100 million worth of hand-woven carpets during the first four months of the current fiscal year (March 21-July 22), registering an increase of 21.7% in value compared to last year’s...
  • CBI Expected to Lift Crypto Ban
    When the Central Bank of Iran announces its new regulatory frameworks concerning virtual currencies, it is expected to lift a previous blanket ban on cryptocurrencies. Nasser Hakimi, CBI's deputy...
  • Banks Lagging Behind AGM Schedule
    More than a month has passed since the July 22 deadline set for Iran’s banks and credit institutions to finalize their financial statements and hold their annual general meetings, but only a...
  • TEDPIX Trades 1.64% Higher
    Tehran Stock Exchange’s main index gained 2,239.18 points or 1.64% on Sunday to end trading at 138,582.6. About 1.74 billion shares valued at $73.96 million changed hands at TSE for the day....
  • The Numbers Behind BA, Air France and KLM’s Iran Pullout
    British Airways confirmed on August 23 that it would end its services to Iran, namely its five times...  
  • Home Loans Surge by 52.8%
    Bank Maskan, the sole specialized bank in the housing sector, has recorded an annual increase of 52.8% in the volume of loans it has paid to finance related deals.  According to Hibna, the bank's...

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