The Iranian housing market is on a slow but steady path to escape its lingering recession with as an uptick in housing starts and heralds better days for the key sector.
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.
Insurance Research Center, a think-tank affiliated with the Central Insurance of Iran, has finalized the draft version of “corporate governance principles” for domestic insurance companies.…
Recent fluctuations in the rial/dollar exchange rate have prompted a lively debate among economists and financial experts in Iran over forecasting currency movements.
A lot of ink has…
Tehran Stock Exchange’s main index shed 175.60 points or 0.22% to end Saturday trade at 79,206.6.
More than 684 million shares valued at $45.6 million changed hands for the day.
…
Around 2,400 trillion rials ($60 billion at market exchange rate) have been paid as cash subsidies under the so-called "Subsidy Reform Plan" ever since the controversial scheme came into effect in…
Presently 9.2 million investors are trading in Iran’s securities market, the head of Central Securities Depository of Iran said.
“A total of 22,500 codes were issued in the three weeks to…
Russian steelmaker Magnitogorsk Iron & Steel Works, otherwise known as MMK, has started shipping its flat steel products to Iran through Kazakhstan’s port of Aktau. Transportation through…
The British government is coaxing lenders into facilitating trade with Iran. Recently, British officials have sought to boost business ties with Iran—a year on from the lifting of international…
A year has passed since Iran’s nuclear accord was implemented, but a number of business community representatives are of the belief that there is still a long way to go until things normalize.
The Central Bank of Iran will be in charge of paying the salary of civil servants from the start of the next Iranian year (starting March 21, 2017).
Rahmatollah Akrami, deputy minister of…
The Korea Trade Insurance Corporation announced on January 19 that it succeeded in collecting €97 million for the MAPNA project in Iran. In the power plant construction project, Doosan Heavy…
Iran has signed major economic contracts with Syria in what Tehran and Damascus have hailed as “a new page” in economic ties.
Syria’s economy is shrinking fast as industrial and…
As Iran Air has begun receiving its first brand-new, western airplanes in decades, it seems that President Hassan Rouhani’s efforts to lift sanctions have paid off. However, rejuvenating a long…
The Second Yazd International Exhibition of Industries and Mines was inaugurated by Deputy Minister of Industries, Mining and Trade Mehdi Karbasian in Yazd Province on Thursday. Participants in…
Iran’s Kish South Kaveh Steel, otherwise known as SKS, which entered the merchant billet market at the end of 2015, intends to reach higher utilization by focusing on exports.
Buying activity was absent in the Iranian flat steel import market over the past week.
The main factor behind the halt in purchasing was the high price of foreign material, compared with…
British investment company Amedeo Resources announced on Thursday that it has acquired a 2.5% stake in Ganjine Kani Company for $500,000, a copper mining company close to the city of Mashhad in…
The Central Bank of Iran has published a report detailing the achievements of the country’s nuclear accord with world powers in the banking and monetary sectors, as the country marks the first…
The Central Insurance of Iran, the industry’s regulator, has held talks with more than 140 foreign insurance and reinsurance companies that sought to enter the Iranian market since the lifting of…
The Central Bank of Iran requires banks to consider Iranian companies’ joint ventures with foreigners as a single entity. The measure allows joint venture companies to apply for large loans and…
Cabinet members have made decisions regarding increasing the capital of public-sector banks, repaying the government's debts and waiving loan repayment fines in their latest meeting on Wednesday…
Tehran Stock Exchange’s main index gained 101.80 points or 0.13% to end Wednesday trade at 79,382.2.
More than 1.3 billion shares valued at $59.7 million changed hands for the day.
…
After an Airbus A321 airliner landed in Tehran’s Mehrabad Airport on January 12, a ceremony was held to mark the occasion.
The jet is part of a total of 200 planes Iran has ordered from…
Iranian buyers now prefer locally produced flats, as their prices are more competitive compared to those of imported material. “When domestic quotes rose, we bought large volumes of imported…
The US dollar was exchanged for 38,500 rials in Tehran’s market, the Association of Bureaux de Change Operators of Iran announced, down by 800 rials or 2% compared with Monday.
