Based on the latest report by the Central Bank of Iran, the economy experienced a 7.4% growth during the first half of the current fiscal year (started March 20) compared with the corresponding…
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.
Tariff rates on flat steel imports will be cut down by half to 10% in a bid to balance the domestic steel market, Deputy Industries, Mining and Trade Minister Jafar Sarqeyni announced during a…
Europe's Airbus signed a firm contract on Thursday to sell 100 jets to Iran Air, completing a return by western plane giants and paving the way for deliveries to start next month, a year after…
Tehran Stock Exchange’s main index shed 434 points or 0.5% during the week that ended December 21 to end at 80,250.
IFX, Iran Fara Bourse’s benchmark, added 5.9 points or 0.7% to end the…
The banking sector lent 3.26 quadrillion rials ($82.7 billion) to 5.3 million applicants during the eight months ending Nov. 20, marking a 48.4% growth compared with the same period of last year,…
The Export Development Bank of Iran has rekindled its dealings with 90 international banks after the country reached a nuclear accord with world powers last year, announced the bank’s chief…
With the impending implementation of the plan to switch the Iranian monetary unit from rial to toman, the Central Bank of Iran may issue banknotes with higher denominations, the chief executive of…
The US dollar broke the 40,000-rial threshold in Tehran's market on Wednesday, recording an all-time high for the currency.
While the American currency had begun to rally in November, the…
Esfahan Steel Company has started the production of pure liquid argon, announced ESCO’s head of Energy Management Department, Hassan Khazaei, on Tuesday. According to Khazaei, the production of a…
Stocks continued their moribund trading in Tehran's two equity markets during the Iranian calendar month of Azar (ended Dec. 20), while the rial hit historic lows and moved to money markets…
The International Financial Reporting Standards Foundation has published a new profile on the use of IFRS standards in Iran.
Tehran Stock Exchange’s main index inched up 127.30 points or 0.16% to end Wednesday trade at 80,250.
More than 753 million shares valued at $25.6 million changed hands for the day.
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The US dollar on Tuesday was exchanged for 39,700 rials in Tehran's market, coming closest to the 40,000 rials in recent history, according to the Association of Bureaux de Change Operators…
Bank Melli Iran’s subsidiary in UK, Melli Bank Plc., has recently connected to Target 2, the European interbank payment network, said director of BMI’s Department for International and…
The International Monetary Fund, in its latest assessment of Iran’s economy, has forecast a decent growth rate for the country both for 2016 and 2017.
The report was released on Monday as…
The current rate of the US dollar in the Iranian market varies greatly from the rate predicted in the annual budget and the discrepancy must be managed by the government, says the head of Majlis…
Indian exporters have written to the Reserve Bank of India to expedite clearances for Iranian banks that have applied to open branches in India.
Tehran Stock Exchange’s main index lost 290.40 points or 0.36% to end Tuesday trade at 80,122.7.
More than 1.2 billion shares valued at $52.5 million changed hands for the day.
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Iran Mercantile Exchange is scheduled to feature wheat exports for the first time next week. Over 14 million tons of wheat were produced during the eight months to November 20, more than 11.5…
Over 16.4 million tons of crude steel were produced by Iranian steel mills in the 11 months of 2016, registering an 11% growth year-on-year, according to a preliminary report exclusively sent by…
Since Mobarakeh Steel Company was founded in the early 90s, it has produced 90 million tons of steel products, 82% of which have been supplied to the domestic market, according to the company’s…
Despite Ireland having access to the Iranian beef market since 2013, Irish Minister for Agriculture Michael Creed has said that no beef exports have taken place due to current unfavorable trading…
The International Migrants Day was marked on Sunday. Migration Policy Institute once called Iran a unique country since it has experienced simultaneous emigration and immigration to extreme…
Iranian government has proposed the allocation of 4.7 trillion rials ($145.8 million) for upgrading informal settlements on the outskirts of urban areas in the annual budget for 2017-18, said…
Iran’s economy is looking ahead to 2017 with both big prospects and hefty challenges in store.
