In an unprecedented move, the Central Bank of Iran has increased the official rate of US dollar by 300 rials on Saturday.
CBI began gradually increasing the official rate of the…
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.
The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in Tehran’s open and official foreign exchange markets on Saturday. According…
A senior official disclosed details of the $13.5 billion finance deals with Germany and Japan to be used in Iran's rail projects.
The trip of Iran’s Foreign Minister Mohammad Javad Zarif to Africa also bore banking fruits, as Iran will be able to establish correspondent banking relations with South Africa, Uganda and Niger…
Iran attracted $24.95 billion in foreign investments from Sept. 23, 2013, to Sept. 22, 2017, the director general of the Ministry of Industries, Mining and Trade’s Foreign Investment Office said…
A project to use agricultural production waste as livestock feed will be piloted in 11 provinces by the end of the current Iranian year (March 20, 2018), an official with the Ministry of…
Iran Alumina Company exported 17,000 tons of alumina powder to Central Asian countries in the first six months of the current Iranian year (March 21-Sept. 22), announced the governor of Jajarm…
Nine provinces, namely Semnan (7.1), Markazi (8.2%), Gilan (9.2%), East Azarbaijan and Mazandaran (9.5%), Hamedan and Zanjan (9.7%), Ardabil and North Khorasan (9.9%) registered single-digit…
Tehran Stock Exchange’s main index gained 298.60 points or 0.34% to end Saturday trade at 86,935.4.
About 574 million shares valued at $34.800 million changed hands for the day.
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Minister of Roads and Urban Development Abbas Akhoundi has signed an agreement for implementing a cooperation program with Moscow in housing and construction sectors.
The agreement for…
Iran Moein Insurance Company, a firm with a focus on free trade zones, has started preliminary negotiations to start operations in Iraq. A delegation comprising of the firm’s board of directors…
Nomura Research Institute, a Japanese firm that provides asset management consulting and finance solutions, is interested in identifying Iran’s potential assets and helping efficiently utilize…
The first stage of integrating the banking payment systems of Iran and Russia will be implemented in the next three months, announced the CEO of Informatics Services Corporation of Iran–a…
Reinsurance industry’s representatives have sent a letter to Abdolnasser Hemmati, the head of Central Insurance of Iran, urging him to stop other insurance companies from being active in the…
Prices for imported flat steel products in Iran increased over the week ended Oct. 25 amid reduced availability of materials from Russia.
Shipments from the Russian port of Astrakhan…
Stocks closed the rather uneventful first week of the month with strong growth, mostly owing to the upsurge at both Tehran Stock Exchange and Iran Fara Bourse on Saturday.
Tehran Stock…
The international pistachio trade has faced unexpected challenges because of tensions between Tehran and Washington.
The global pistachio industry is a multibillion-dollar a year sector…
Iran Zinc Mines Development Company’s subsidiaries produced 8,478 tons of zinc ingots during the seventh month of the current fiscal year (Sept. 23-Oct. 22)–a record monthly high in output.…
President Hassan Rouhani has approved a bilateral initiative between the Central Bank of Iran and the Interior Ministry, which will grant the necessary authority to the two entities to prevent…
The Central Bank of Iran will conclude the process of overhauling the country's foreign exchange policies and rules by the end of the current Iranian year in March 2018, making them more…
The Central Securities Depository of Iran issued 240,000 trading codes for investors during the first seven months of the current Iranian year (March 21-Oct. 22) to trade in Iran’s capital…
Iranian steel mills produced 16.23 million tons of steel since the beginning of January up to the end of September, up nearly 30% compared with the nine-month period of 2016, according to the…
Russia is ready to take part in the development of the free trade zone on Armenia’s border with Iran, Russian Prime Minister Dmitry Medvedev said on Tuesday after he met with his Armenian…
Creditors of South Korea’s Dongbu Steel Company may face a setback in their plan to sell off the cash-strapped company’s electric furnace used for hot-rolled steel production to an Iranian…
Tehran Stock Exchange’s main index gained 107.60 points or 0.12% to end Wednesday trade at 86,529.2.
About 626 million shares valued at $38.98 million changed hands for the day.
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