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.

  • Steel Exports Rise Over 28%
    Iranian steelmakers exported 1.62 million tons of their products during the first two months of the current fiscal year (March 21-May 21), registering a 28.7% year-on-year growth, the Iranian Steel...
  • CBI, Capital Market Agree to Control  Gold Coin Bull Run
    As gold coin prices are skyrocketing, the Central Bank of Iran has reached an agreement with the capital market on implementing the latest scheme aimed at controlling the bull run. Representatives...
  • 2nd Real-Estate Investment Trust Launched
    The Iranian government on Saturday inaugurated the country’s second real-estate investment trust (REIT) called Narvan in Tehran through the Maskan Investment Group, the parent company of Bank...
  • Zargaran Joins ISOA Board
    Secretary-General of the Federation of Iranian Food Associations Kaveh Zargaran was elected a member of the board of directors of the International Sunflower Oil Association. The other 13 new board...
  • Steel Output Rises 24% to Surpass 10 Million Tons
    Iranian steel mills produced 10.14 million tons of crude steel during the first five months of 2018, up 24.3% compared with last year’s similar period, the latest report released by World Steel...
  • Non-Gov't Public Entities Mandated to  Release Financial Reports by Parliament
    Iranian MPs have voted to increase financial transparency of non-governmental public entities by mandating them to publish their financial reports. The relevant bill received overwhelming support...
  • Cheap Homeownership Loans Attract 440,000 Applicants
    Affordable loans allocated to first-time homebuyers through the Housing Savings Account have so far attracted more than 440,000 applicants, a deputy roads minister said. “At present, on average, 1...
  • India Looks to Operationalize Chabahar by 2019
    India is trying to make the strategic Chabahar Port in Iran operational by 2019, Indian Union Minister...  
  • Gov’t Mulling Creation of Forex Open Market
    The government has agreed to consider a business community proposal to recognize a "secondary" foreign exchange market where rates are determined by supply-demand mechanism.  According to...
  • New Flower Export Terminal Planned
    About 200 billion rials ($4.76 million) have been allocated from the National Development Fund of Iran for building and equipping a new flower and plant export terminal, which will soon become...
  • Tehran to Host 2 Int’l Food Expos
    The Federation of Iranian Food Industries Associations is planning to hold two concurrent food-related exhibitions, namely the Ninth International Beverages, Coffee & Tea Industry Exhibition,...
  • ICJ to Hear Iran’s Lawsuit Against US Over Frozen Assets
    The UN's top court will in October hear a case brought by Iran against the United States seeking to recover billions in frozen assets, which US courts say should go to American victims of terror...
  • About 1.62 billion shares valued at $120.17 million changed hands at TSE on June 23.
    Tehran Stock Exchange’s main index gained 528.51 points or 0.49% on Saturday to end trading at 109,401.4. About 1.62 billion shares valued at $120.17 million changed hands at TSE for the day....
  • Train Fares  Rise 10%
    Train fares have risen by 10% as of June 22, a member of the board of directors of the Association of Rail Transportation Companies announced. Alireza Sheikh Taheri was speaking on the sidelines of...
  • Currently, each US dollar is reportedly being traded for as much as 75,000 rials in Tehran’s black market.
    Seventy days after the government decided to unify the US dollar's exchange rate at 42,000 rials and assure importers that all hard currency needs would be fulfilled at that rate, it is abandoning...
  • Banks Lending to Economic Sectors Up 21% in 2 Months
    The Central Bank of Iran has published its latest report on the lending portfolio of banking system, which shows that all banks and credit institutions doled out a total of 689.5 trillion rials ($...
  • Turkey Worries Over Impact of Anti-Iran Sanctions
    Turkey’s Economy Minister Nihat Zeybekci said his country “will continue to trade with Iran as...  
  • Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (L) and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic (2nd R) address a press conference in Belgrade on June 21.
    Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari signed three agreements during his visit to Belgrade, the capital and largest city of Serbia to take part in the 15th session...
  • Iran, Syria Revive Talks of Setting Up Joint Bank
    Central Bank of Iran’s Governor Valiollah Seif discussed the proposal of establishing a joint bank with Syria.  Initially mooted years ago but left dormant due to the ongoing conflict in the...
  • Karbasian Discusses Slovakian Ties
    During a one-day visit to Slovakia, Iran’s Economy Minister Masoud Karbasian met with the country’s deputy prime minister and finance minister, Peter Kazimir, to discuss the improvement of...
  • Gao Feng
    China will maintain normal relations with Iran, the Commerce Ministry in Beijing said on Thursday.  
  • Majlis Nod to Financial Transparency Bill
    Lawmakers have agreed to fast-track a bill that seeks to promote transparency in non-governmental public entities on Wednesday with a majority of lawmakers supporting the measure that would make...
  • IME Capital to Increase by $29m
    Iran Mercantile Exchange’s shareholders have decided to increase their capital to 1.2 trillion rials ($29.52 million). The commodity exchange has finished holding its annual general meeting with...
  • About 2.55 billion shares valued at $166.73 million changed hands at TSE on June 20.
    Tehran Stock Exchange’s main index gained 2,368.52 points or 2.22% on Wednesday to end trading at 108,872.6. About 2.55 billion shares valued at $166.73 million changed hands at TSE for the day....
  • Big Benefits of a German ‘Iran Bank’
    Since US President Donald Trump pulled out of the nuclear agreement with Iran, formally known as the Joint Comprehensive Plan of Action, the EU has been looking for ideas to prevent the worst: the...

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