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.

  • Yazd: Tile, Ceramic Production Hub of Iran
    Producing half of the 550 million square meters per year of the domestic output of tiles and ceramics, Yazd Province is the production hub of these products in Iran, the deputy head of Iran’s Tiles...
  • Seif: Currency Volatility Not Linked to Past Banking Woes
    The governor of the Central Bank of Iran has decried analyses linking the recent volatility in the foreign exchange market to past woes besetting the banking system.  Valiollah Seif wrote on his...
  • The first phase of Tehran’s ambitious Iran Mall project is slated for first launch on May 1.
    Iran Mall, an all-Iranian monumental project slated to be one of the world's top five commercial and cultural complexes and the biggest in the Middle East, is to have its first of the two phases...
  • Iran, Turkey Eye Bank Card Integration
    Following a national currency swap deal that was recently implemented, Iran and Turkey are now pursuing the integration of bank cards in a move aimed at helping the massive flow of tourists...
  • Industrial Parks’ Exports Top $2b
    The production units of Iranian industrial parks exported $2.18 billion worth of commodities in the last fiscal year (March 2017-18), IRNA quoted deputy minister of industries, mining and trade,...
  • Financial Constraints Impeding Plane Deals
    US President Donald Trump’s threats to leave the nuclear agreement has so far made no direct impact on Iran Air’s contracts to buy airplanes from western planemakers, an advisor to the minister of...
  • TEDPIX Ends Sunday Trade 0.5 Percent Lower
    Tehran Stock Exchange’s main index lost 473.72 points or 0.5% on Sunday compared to the day before to end trade at 93,810.7. About 697 million shares valued at $43.75 million changed hands at TSE...
  • CBI Vows to Address Forex Policy Flaws
    The governor of the Central Bank of Iran acknowledged shortcomings in the government's new foreign exchange policy, promising that they would be addressed.  Valiollah Seif, in his first TV...
  • Bank Loans Reach $145b in Fiscal 2017-18
    Iran’s economic sectors received a total of more than 9.35 million counts of loans valued at 6.13 quadrillion rials ($145.95 billion) from banks and credit institutions during the previous fiscal...
  • Lead, Zinc Ore Extraction Over 920K Tons
    Major Iranian lead and zinc producers extracted 928,932 tons of ores in the last fiscal year (March 2017-18), according to the Iranian Mines and Mining Industries Development and Renovation...
  • The corridor in its entirety will connect Iranian mineral plants to those of Afghanistan.
    Section-3 of Khwaf-Herat Railroad, part of Iran-Afghanistan rail corridor, has made 80% progress, according to a delegation of the Islamic Republic of Iran Railways which recently visited Herat...
  • Call for More Housing Liquidity
    A member of Majlis Economic Commission has called for more liquidity to be directed toward the housing sector, saying that although mortgage rate cuts are likely to help boost the sector’s growth,...
  • Loans Worth $870m for Innovative Firms
    The Iranian banking network paid 37.5 trillion rials ($870 million) to 218 knowledge-based companies during the previous Iranian year (March 2017-18). According to data released by the Central Bank...
  • Import Order Registration Resumes
    An official with the Trade Promotion Organization of Iran said the registration of import orders has resumed at import registration website (Sabtaresh.tpo.ir), following the government’s new...
  • Developing an Efficient Gov’t Securities Market
    The Iranian government is seeking to develop the domestic bond market under the Sixth...
  • The Sixth Iran-Europe Banking and Business Forum convened in Tehran on April 28.
    When top-level officials and business representatives gathered in Tehran on Saturday as part of the two-day Sixth Iran-Europe Banking and Business Forum, the shadow of US President Donald Trump’s...
  • ICT Minister Mohammad Javad Azari-Jahromi (C) talks to reporters after a Cabinet meeting.
    Minister of Information and Communications Technology Mohammad Javad Azari-Jahromi said on Saturday his ministry has prepared a preliminary prototype of the national virtual currency in...
  • TEDPIX Gives Up 511 Points
    Tehran Stock Exchange’s main index lost 511.61 points or 0.54% on Saturday compared to the day before to end trade at 94,284.5. About 460 million shares valued at $21.48 million changed hands at...
  • New Capital Guidelines for Banks
    The Central Bank of Iran has released new guidelines for the way banks' capital adequacy ratios are calculated.   
  • Official Advice for Forex Depositors
    Governor of the Central bank of Iran Valiollah Seif has advised foreign currency depositors to be wary of banks’ credibility and behavior when trusting their hard currency with them. Seif referred...
  • MDF Plant Inaugurated in Northwest
    Minister of Industries, Mining and Trade Mohammad Shariatmadari inaugurated an MDF panel production plant in East Azarbaijan Province on Tuesday. Adopen Plastic Persian Industrial Company, which...
  • Iran’s rich mineral reserves ranging from iron ore to gold, as well as cheap energy, have attracted interest from foreign investors since western sanctions were lifted under the 2015 nuclear deal signed by Tehran and six world powers.
    Iran is finalizing about €2 billion of investment from Europe in copper and steel projects despite threatened new US sanctions, a government official said on Wednesday. "Early talks are also...
  • US Probing Huawei for Possible Iran Sanctions Violations
    US prosecutors in New York have been investigating whether Chinese tech company Huawei violated US sanctions in relation to Iran, according to sources familiar with the situation. Since at least...
  • Crypto Ban in Line With Currency Policies
    Iran’s minister of communications and information technology has addressed the recent ban on cryptocurrency trade and efforts by the country to develop its own virtual currency.  In a talk with...
  • Iran exported 181,097 tons of zinc products valued at $386.7 million during the previous fiscal year (March 2017-18), dropping 4.9% in tonnage and growing 46.9% in terms of value year-on-year,...

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