The Iranian Privatization Organization is selling 14 trillion rials ($390.4 million) in government property in thei current Iranian month to September 21. The assets on sale include an 80% stake…
Business And Markets
<p>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.</p>
Iran has an ambitious target to become the world’s 6th largest steel producer by raising crude steel production capacity to 55 million tons per year, as part of the goals envisioned in the 20-Year…
Tehran Stock Exchange’s main index gained 147.40 points or 0.19% to end Tuesday trade at 76,669.6.
More than 1.5 billion shares valued at $82.6 million changed hands for the day.
…
The Taiwan-based payment company Castles, specializing in payment tools, has started a semi knocked-down production line in Iran’s Arvand Free Trade Zone, in cooperation with Bank Pasargad’s…
Iranian banks can only provide (or choose not to provide) clients with banking services based on the laws and regulations of the country, but are not allowed to cite any form of international…
The insurance industry’s total generated premiums amounted to 76.1 trillion rials ($2.4 billion at market exchange rate) in the four months that ended July 20, marking a year-on-year growth of 20…
The German state of Bavaria has authorized three Iranian lenders to open branches in Munich, announced its State Minister of Economic Affairs and Media Ilse Aigner at a press conference in Tehran…
Iran’s two major coal producing companies extracted 680,420 tons of the mineral and produced 222,895 tons of coal concentrate during the five months to August 21, which indicates 56% and 38%…
Afghanistan's Ministry of Urban Development and Housing says the third phase of the Khawf-Herat railroad will be completed by the end of the week.
The phase, which is 62km long, connects…
Aluminum is the world’s fastest growing industrial metal and Iran has the potential to be a major player in this sprinting, lucrative sector, according to a presentation made by the London-based…
Tehran Stock Exchange’s main index gained 12.80 points or 0.02% to end Monday trade at 76,522.2.
More than 874 million shares valued at $38.5 million changed hands for the day.
Bank…
The government has bought 11.3 million tons of wheat worth 144 trillion rials ($4.04 billion) from local farmers since the beginning of the harvest season in late March, which is 1.3 million tons…
The lifting of sanctions against Iran in January this year was supposed to open new trade avenues for countries across the world — especially Iran’s neighboring countries, including Pakistan. But…
Tehran Stock Exchange’s main index lost 237.60 points or 0.31% to end Sunday trade at 76,509.4.
More than 1.8 billion shares valued at $90.6 million changed hands for the day.
Sahand…
Equities sank on Sunday in both of Tehran's exchange markets as the bearish mood among traders persisted.
Foreign interest in Iran’s stock market has risen sharply since the implementation of the nuclear deal a year ago.
Although there were no legal barriers for foreign investment in Tehran’s…
The Central Bank of Russia sees no obstacle to using local currencies in its dealings with Iranian banks, the bank’s deputy governor said.
“It is always possible to open new bank branches…
Central Bank of Iran Governor Valiollah Seif appointed Amir Shokri as director general on CBI’s Board of Executives. Formerly, Shokri was the head of CBI’s money issuance and circulation office,…
Bank Sepah’s first blind-friendly branch started operating on Sunday. The branch, located in downtown Tehran, offers special services for the visually impaired customers, including brail printing…
Talks are underway for launching a special bank for cooperatives to increase the share of cooperatives in financial markets and in keeping with the Fifth Five-Year Development Plan (2011-16),…
Insurance Research Center, affiliated with the Central Insurance of Iran, has recently crafted the draft version of a comprehensive set of measures for promoting commercial insurance, as part of…
Sina Bank, EN Bank, Parsian Bank and Tourism Bank on Thursday signed an agreement to share knowhow for boosting the quality of banking services, especially in the area of electronic banking. The…
The Central Bank of Iran is planning to launch a foreign currency bourse in the banking system, probably after the unification of foreign exchange rates by the end of the current Iranian year (…
Tehran Stock Exchange's main index shed 420.90 points or 0.55% to end Saturday trade at 76,747.
More than 458 million shares valued at $58.7 million changed hands for the day.
Pars…
Iran exported more than 267,200 tons of non-oil goods worth $82.3 million to Egypt during the first four months of the current fiscal year (March 20-July 21), registering a 45% decline compared to…
