Addressing renewed calls for dropping three zeros from Iran’s national currency, Ali Tayyebnia, the economic minister, supported the move. He, however, was soon to add that the time is not…
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.
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The Central Bank of Iran has issued a directive requiring travelers and truckers in transit entering the country to declare currency valued over $10,000 to the Ministry of Economy’s…
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Saman Bank has started offering real estate consultancy services to its VIP customers, helping them rent property and manage their earnings. Saman, through a subsidiary company, will help…
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A law that was approved nearly a decade ago and provides incentives to finance the housing sector has been officially communicated to the relevant bodies by first vice president Eshaq Jahangiri.…
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Tehran Stock Exchange’s main index gained 37.80 points or 0.05% to end Sunday trade at 79,048.5.
More than 1.1 billion shares valued at $109 million changed hands for the day.
Saipa…
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The Iranian Privatization Organization is selling a 20% stake in Hamedan’s Ibn Sina Petrochemical Complex to the public on Nov. 21.
IPO will act on behalf of National Petrochemical Company…
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Hot rolled coil’s import prices keep on rising in Iran amid the global uptrend.
The rise in the import segment does not support the buying activity of Iranian customers, so only few deals…
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Consumerism and binge shopping have become a way of life in Iran.
Nima Tabibi, in his write-up in the Persian weekly Kargadan, invites readers to reconsider their economic choices.
…
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Plans are underway to increase annual stone exports by 13-fold to reach $2 billion by 2020, says a member of the board of directors of Stone Association of Iran.
“The number is quite big,…
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A memorandum of understanding was signed by the head of Iran Chamber of Cooperatives, Bahman Abdollahi, and chairman of Turkey’s Independent Industrialists and Businessmen Association, Nail Olpak…
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Hossein Salahvarzi was appointed the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture on Sunday to fill the seat left empty after the election of Gholamhossein Shafeie as…
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The gradual move toward unifying foreign exchange rates has started but the timeframe for its realization depends on a variety of factors, says the governor of the Central Bank of Iran.
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The Bahar Azadi Gold Coin sold for 10.95 million rials ($343) Saturday in Tehran, marking 2.1% drop or 230,000 rials lower compared with Thursday’s close. The benchmark coin had reached 11.…
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Government debts to the banking sector jumped to 2.041 quadrillion rials ($64 billion) by the end of the sixth month of fiscal year (September 21), marking a 17.4% growth from the beginning of the…
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Tehran Stock Exchange’s main index gained 599.10 points or 0.76% to end Saturday trade at 79,010.7.
The gain comes after TEDPIX nosedived 1.83% or 1,459 points after news broke that Donald…
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The election of Donald Trump as US president has caused concern in Iran, with sellers in the Iranian steel market now pushing for price rises, despite stagnant domestic demand.
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Bullish sentiment in the global raw material segment favors Iranian iron ore exports.
Additional support is coming from the Iranian government’s resolve to limit the export of raw…
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Mobarakeh Steel Company’s new continuous casting machine was inaugurated by First Vice President Es’haq Jahangiri and the company’s managing director, Bahram Sobhani, last week in Isfahan Province…
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More than 180,000 tons of gold ore were extracted from Zarshouran Gold Mine in the first half of the current Iranian year (started March 20), indicating a 64% jump compared to last year’s…
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A large part of the non-performing loans in the banking system constitutes "doubtful debts", says a Tehran deputy prosecutor general.
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The director of the Export Guarantee Fund of Iran (EGFI) says exit from recession also is subject to fresh capital inflows into the economy.
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Bank Melli Iran is ready to introduce intelligent plastic banknotes in line with plans to promote usage of innovative technology in the banking sector, said Reza Mansouri, managing director of BMI…
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Officials from the Central Insurance company of Iran will visit Germany next month for talks with major German and British insurance firms. Abdolnasser Hemmati, head of the CII, said attracting…
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The first edition of IRANIMEX, powered by Europort was held last month on Iran’s Kish Island.
The exhibition hosted 300 exhibitors from 22 countries who showcased their products and…
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Iran exported more than 23,000 tons of non-oil goods worth $152 million to Germany during the seven months ending October 21, registering a 1.5% decline in value compared with last year’s…
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