Business And Markets

Despite the challenges surrounding the drop in global oil prices and the Iranian government experiencing problems in financial cash flow due to years of sanctions, Iran’s construction market is…

Talks are underway for freeing Iranian insurance companies’ frozen assets overseas, the Central Insurance company of Iran’s deputy director for reinsurance said, noting that insurers will receive…

Bank Sepah plans to open branches in China and South Korea, a board member of the bank said.

"Bank Sepah has plans to increase its share in establishing branches and to set up new branches…

Six insurance firms operating in free trade zones recorded a whopping 81.1% growth in total generated premiums during the first half of the fiscal year that ended on September…

The Eurasian Economic Union (EEU) has begun discussion on having a privileged trade agreement with Iran at the initiation of Armenia, the Armenian deputy minister of foreign affairs said. “When we…

Iran’s first biaxially-oriented polyethylene terephthalate production line has been launched by Sepehr Polymer Sepahan Complex in Isfahan Province. It was inaugurated by First Vice President Es’…

Qeshm Island, like its smaller but better-known neighbor Kish Island, does not feature in the travel bucket-lists of many international tourists.

Of the 397,000 people who flew to the…

Iranian securities markets had a rocky week, compared to their usual morbidity, while the rial sank to its lowest in 10 months against the US dollar.

The long-term growth of Iran’s largest iron ore mineral zone located in the northwestern Khorasan Razavi Province and the realization of the ambitious expansion goals set for the sector require…

India’s National Aluminum Company is likely to keep in abeyance its plans to put up a greenfield smelter in Iran.

Nalco had planned to establish a 0.5 million-ton per annum smelting…

With roughly $10 billion of assets ready to be divested, Iranian Privatization Organization presents valuable opportunities to both domestic and foreign investors that are unique in many aspects,…

The Central Bank of Iran has updated its regulations regarding the operation of bureaux de change, banning currency forward deals by individuals and companies. CBI requires forex operations to be…

Greece defied EU and US pressure last month to reapply sanctions on the Iranian bank Saderat, the first sign of dissent inside the European Union on Iran, media claimed on Tuesday.

As…

Trade between Britain and Iran is beginning to grow and the government is working to resolve banking concerns that are limiting further expansion, British trade minister Liam Fox said on Wednesday…

Iran’s asphalt production exceeds domestic demand by more than 115 million tons, said the head of Iran Road Maintenance and Transportation Organization, Davoud Keshavarzian, at the Eighth Bitumen…

Iran is ranked 120th among 190 economies in the World Bank’s Ease of Doing Business ranking, down three notches from its 117th place last year.

One major factor placing the country so low…

Tehran Stock Exchange’s main index inched up 11.70 points or 0.01% to end Wednesday trade at 79,670.9.

This comes as the TEDPIX surged over 1,000 points or 1.31% to 80,340.70 points on…

Japan Steel Works Ltd. sees significant potential in the Iranian extrusion market with the lifting of nuclear sanctions on the country and plans a seminar there in early 2017 to kick off its…

Lawmakers will back the promotion of financial technologies and innovations, as they bolster the economy, said Majlis First Deputy Speaker Masoud Pezeshkian.

India’s Finance Ministry may replace UCO Bank with another public sector lender to make its Iran oil payments. While no final decision has been made, an Indian official said the ministry “favored…

The 2016 edition of Kish Invex exhibition kicked off its first two days with a special focus on Iran's reintegration into the world economy with a number of high-ranking Iranian officials…

Wire rods and structural quotes went up due to the uptrend in the global market while poor demand for rebar in Iran did not let prices increase to the same extent.

Billet sales were also…

Iran’s largest industrial complex plans to increase its annual steel production capacity to 10.3 million tons by the end of the current fiscal year (March 20, 2017), says Bahram Sobhani, managing…

Shares on Tehran Stock Exchange fell on Tuesday, ending the five-week rally that brought the market to a 6-1/2-month high on Saturday. The Iran Fara Bourse took its own course and hit a two-year…

Companies listed on Tehran Stock Exchange raised 9 trillion rials ($248 million at market exchange rate) in the seven months ending October 21 through stock splits, retained earnings and other…