Tehran and other metropolitan regions in Iran get bogged down in heavy traffic jams every day. Commuting has become a nightmare, at times taking hours to drive a short distance.
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.
Rail transport took center-stage in Monday’s parliamentary session.
MPs approved a bill to allocate 1% of oil revenues to the rail sector as part of the sixth five-year development plan (…
The operations of cement factories have been disrupted by continuous gas outages every winter, according to the head of Cement Employers Association. “This has been going on for the past two years…
The Central Bank of Iran has issued a foreign exchange directive that curbs the activities of bureaux de change and increases banks' role in forex trading, the CBI governor announced.
"…
Bank Sepah has opened a $1 billion credit line for a gas refinery project, as the first tranche of a $2.2 billion syndicated loan, said Bank Sepah’s chief executive.
Lawmakers in an open session on Sunday ratified new articles related to the sixth five-year development plan (2016-21), obligating the government and the Central Bank of Iran to take initiatives…
The Central Bank of Iran will launch the interbank foreign exchange market to prevent fluctuations in foreign exchange, CBI’s governor announced on Sunday. Valiollah Seif added that the interbank…
Tehran Stock Exchange’s main index shed 590.60 points or 0.74% to end Sunday trade at 78,896.
The support level refers to the price level, below which, historically, a stock or an index has…
One hundred forty-eight parliamentarians approved last week a motion to hand over all Iranian free trade zones to the Ministry of Economic Affairs and Finance.
The measure was added by the…
The government is unwilling to pull down the inflation further.
Economy Minister Ali Tayyebnia said the government has reached “the stiff core of the inflation” and that “it has become…
Over $25 billion will be raised in the capital market from Salaf contracts and capital increase by the end of the current Iranian year (March 20), the head of Securities and Exchange Organization…
Bank Maskan, the agent bank of the housing sector and the country’s main mortgage lender, announced a whopping year-on-year increase in the value of mortgages in the first three quarters of the…
The unification of Iran's dual foreign exchange regime and the decline in the exchange rate of major currencies were among the most important topics discussed at Saturday's meeting between top…
Noor Credit Institution is planning to increase its capital from the current 3 trillion rials ($7.5 million) to 6 trillion rials ($15 million) and become a bank, said the credit institution’s…
There is not much buying or selling happening in the UAE’s hot rolled coil market due to the uncertain situation and fluctuating prices. Besides, demand is weak at the end of the year and…
The steel industry is one of the most strategic sectors of the Iranian economy, as it accounts for the bulk of the mining sector’s exports and revenue and is at the same time vital for the…
Iran, since the lifting of economic sanctions earlier this year, has become an increasingly attractive market for South Korean heavy industry businesses, especially the construction and…
Personal auto policy and health insurance accounted for 65% of insurers’ premium income during the eight months to November 20.
The Central Bank of Iran has announced that it will hand a list of people who traded large amounts of foreign exchange in recent weeks to Iran National Tax Administration for further investigation…
The end of the current Iranian year in March will bring about an end to currency fluctuations plaguing the market, as increased supply helps moderate the market, predicts the director of the…
At present, 80% of domestic demand for food products are met through domestic production, a deputy agriculture minister said.
"The figure stood at 55% when President Rouhani first took…
Iranian aviation is being revitalized with the long-term prospects of reestablishing a global hub in Tehran.
Gold options trading started on Iran Mercantile Exchange on Wednesday. The options are being traded through brokers for the time being but, according to IME CEO Hamed Soltani-Nejad, their…
A 10-member delegation of Mobarakeh Steel Company of Iran is in Karachi to examine the possibility of acquiring Pakistan Steel Mills, Pakistan Today reported.
Secretary of Industries and…
The recent news about a possible cut in the import duty on flat steel products entering Iran has led to a halt in trading, Metal Bulletin learnt on December 28.
The exact date when the…
