Khouzestan Steel Company, the largest Iranian semis producer, keeps enhancing its positions in the Far Eastern slab market.
Over the past few weeks, the supplier has managed to sign several…
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.
Tehran Stock Exchange’s main index gained 142.30 points or 0.18% to end Tuesday trade at 77,849.5.
More than 858 million shares valued at $60.5 million changed hands for the day.
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With the first development phase of Kish South Kaveh Steel Company going on stream, domestic crude steel production capacity has reached 31 million tons per annum, Minister of Industries, Mining…
Luxemburg banks are welcome to establish branches in Iran, as it would help two-way commercial relations, said Valiollah Seif, Central Bank of Iran governor, during a meeting with Etienne …
The past week saw Iran’s diplomatic outreach bear fruit. Long sessions of political horse-trading that led to the nuclear agreement and in effect spared a volatile region the dangers of…
The Central Bank of Iran has come up with a slew of measures to reduce the mountain of non-performing loans. The proposals, as part of the banking overhaul plan, would also help curb future growth…
The way to ensure that Iran’s economic growth will be strengthened in the foreseeable future is for real banking interest rates to come down, says the director of the Macro-Economics and Modeling…
Iran is expected to export close to 15 million tons of iron ore by the end of the current fiscal year (started March 20), the head of Iranian Iron Ore Producers and Exporters Association said.
The services sector employed 49.4% of the Iranian population, whereas industrial and agricultural sectors provided 31.4% and 19.1% of the population with jobs respectively.
This was stated…
Organized by MillionaireAsia Pte Ltd and in collaboration with Hong Kong-based Basio Consultants and Services Ltd, the First Iran Investment Summit will be held in Singapore on October 26. A large…
Luxembourg’s Economy Minister Etienne Schneider started his three-day visit to Iran on Monday.
He is accompanied by a Chamber of Commerce business delegation comprising 40 representatives…
Iran’s Ports and Maritime Organization is planning to expand the capacity of Iranian commercial ports from the current 209 million tons to 217 million tons, managing director of the organization…
Tehran Stock Exchange’s main index gained 138.10 points or 0.18% to end Monday trade at 77,707.2.
More than 945 million shares valued at $106 million changed hands for the day.
Negin…
Marine industries have applied for one trillion rials ($31.6 million) in loans from banks since the beginning of the fiscal year in March, said the head of the Fund for Development of Marine…
Vice-governor of the Central Bank of Iran says the banking overhaul plan has been devised, among other things, to curb the effects of a war between the banks and credit institutions on interest…
The Central Bank of Iran has issued new guidelines clarifying domestic banks’ interaction with their foreign peers and businesses. The guidelines, published in the form of a directive Sunday,…
Tehran Stock Exchange’s main index lost 317.30 points or 0.41% to end Sunday trade at 77,569.1.
More than 1.1 billion shares valued at $75 million changed hands for the day.
Vehicle…
Iran’s railroad transportation capacity needs to increase fourfold to 88 million tons in about nine years to help fulfill the steelmaking target set in the 20-Year Vision Plan (2005-25), said an…
A large segment of Iran’s workforce is jobless.
A new study shows long-term unemployment at alarming levels, especially among college graduates and women. Although Iran’s economy is…
In a bid to minimize the export of unprocessed iron ore, all producers of the industrial material are mandated to prioritize meeting the domestic demand by offering their products in Iran…
Iranian steel buyers struggled to fix prices last week despite the stagnant market, which usually favors them in determining prices rather than sellers.
The above statement was made by…
New guidance from the Obama administration offers reassurance to foreign banks which have been skittish about doing US dollar transactions with Iran, lawyers and former sanctions officials in the…
Export Development Bank of Iran, the state-owned bank specializing in financing foreign trade, has managed to reestablish correspondent relations with 90 banks in 65 countries after the lifting of…
Some banks are reportedly offering foreign exchange services through Automated Teller Machines. Confirming the news, Nasser Hakimi, head of Central Bank of Iran’s IT department, said the move is…
The banking overhaul plan–a roadmap enacted by President Hassan Rouhani to transform the outdated banking system–would allow the banking sector to fend for itself without relying on the Central…
