Ten years ago, half of the imported plastics and rubber machines sold in Iran came from Germany. Today, after years of western sanctions over Iran’s nuclear programs, it’s virtually zero.
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>
The securities and exchange organization is determined to reactivate its financial diplomacy as soon as the sanctions are lifted, said Mohammad Fetanat, head of Iran's Securities & Exchange…
The Central Bank of Iran has issued a directive to banks and credit institutions to augment their support for manufacturing units, banker.ir reported.
Chief executive of Shahr Bank (city bank) called for the formation of a banking consortium to enhance public transportation in big cities. Hussein Muhammadpour Zarandi said “air pollution in urban…
Governor of the Central Bank of Iran said Sunday that interest rates would be acceptable only if they are 2% over and above the inflation rate.
Close to 32 million tons of iron ore will be produced by the end of the current Iranian year (March 19, 2016), said vice president of Iran Iron Ore Producers and Exporters Association. Bahram…
Iran’s steel mills produced 14.8 million tons of crude steel from January to November 2015, showing a 1% drop in terms of volume compared to last year’s similar period. The decline comes in line…
Iran’s 101 brokerages are struggling to get out of the red. The over two-year slump in equities, as a result of years of recession and multiple crises, has sapped their earnings.
Export Development Bank of Iran has launched a news website to cover topics in international trade, non-oil exports, and promote business information. Ali Saleh Abadi, head of EDBI, said that the…
A little over two months ago the government unveiled an incentive package to stimulate the economy and ease the recession. The plan was designed after the nuclear agreement with the six…
The Russian Agency for Export Credit and Investment Insurance (EXIAR) and its Iranian partners have agreed on mutual guarantees for transactions in national currencies, its CEO Alexey Tyupanov…
The German Euler Hermes credit institution has agreed to establish a $5 billion credit line for Iran, Mohammad Khazai deputy minister of economy said Saturday. The credit is to be granted over 2-3…
Tehran Stock Exchange’s main index TEDPIX inched up 16.20 points or 0.03% to end Saturday trade at 61,436.9.
More than 534 million shares valued at $32.5 million changed hands with daily…
Iran Mercantile Exchange’s agricultural trading board witnessed the supply of 6,229 tons of corn, 4,000 tons of durum wheat, 11 tons of rice, 500 tons of unprocessed soybean oil and 100 tons of…
Most equity market heavyweights gain from rial’s recent weakening, if the trend persists.
Next year is an exciting one for Iran’s foreign exchange market. Sanctions will be removed and…
Ahead of an expected lifting of sanctions, several US corporate giants, including personal-computer seller HP and General Electric’s oil-services unit, are actively exploring a market…
Value Added Tax rate of 9% will remain unchanged for the budget bill of 2016-17 fiscal year, announced the deputy head of Iranian National Tax Administration this week.
An interim agreement on preferential tariffs was signed by Iranian Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh and Minister in charge of Trade of the Eurasian Economic…
The government has reportedly set the rate of the US dollar exchange rate in the 2016-17 draft budget law at 29,997 rials which is slightly higher than this year’s 29,850 rials. To the surprise of…
The total number of properties insured against natural disasters has increased by 10% in the outgoing fiscal year (ends March 19).
Mohammad Farid Latifi, Disasters Management Organization’s…
The Ministry of Roads and Urban Development has expressed dissatisfaction over the interest rates set for the recently-launched mortgage scheme, saying they are unrealistically high.
Bank Maskan has so far opened more than 25,000 accounts for its new Housing Savings Account. According to the Ministry of Roads and Urban Development news website, a total of 4.9 trillion rials…
Some $17 million worth of furniture were exported from Iran during the nine-month period ending December 21, said head of Iran Furniture Manufacturers and Exporters Union, Hassan Ahmadian, on the…
Presidents of the Developing-8 Federation of Chambers of Commerce and Industry (D-8 FCCI) met in Ankara on December 24 for the second time after their first meeting in Kuala Lumpur this year, the…
The iron ore and steel sector is undergoing a major transformation.
China, the world’s largest steel producer, is grappling with a lingering slump in domestic demand. Its strategy is to…
