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.
July 21, 2023 18:51
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April 27,2018Governor 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... -
April 27,2018Minister 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...
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April 27,2018Iran 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...
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April 27,2018US 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...
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April 27,2018Iran’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...
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April 25,2018Tehran Stock Exchange’s main index gained 219.84 points or 0.23% on Wednesday compared to the day before to end trade at 94,796.1. About 888 million shares valued at $45.96 million changed hands...
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April 25,2018Iranian banks have shrunk by 0.3% in the previous quarter ending March 20 compared with the previous year, fulfilling a long-held target for an industry marked by overcapacity and rapid...
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April 25,2018Secretary of the Association of Banks and Private Institution said banks have agreed on a number of schemes to support domestic production. Mohammad Reza Jamshidi also explained that these measures...
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April 25,2018Iran is on track to launch a new aluminum smelter early next year that would boost the country’s output by 70%, making it self-sufficient in the metal by taking advantage of its rich natural gas...
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April 25,2018The export price index stood at 323.1 in the 11th Iranian month of Bahman (Jan. 21-Feb. 19), registering a 7.5% increase compared to the preceding month and a 33.5% rise compared with last year’s...
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April 25,2018Iran's highest financial decision-making body has approved further cuts in interest rates to make the most attractive home loans cheaper and more affordable. The entity also eased conditions for...
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April 25,2018Iran’s First Vice President Es’haq Jahangiri on Wednesday sought to reassure importers that their currency requirements will be fully met by the government and spoke of the banking system’s new...
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April 25,2018Natural disasters such as frost and drought inflict losses of between 120 and 150 trillion rials ($2.8-3.5 billion) to farmers and orchard owners in Iran every year, a board member at Agricultural...
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April 25,2018Iranian steel mills produced 6.8 million tons of crude steel in the first quarter of 2018, up 47% compared with last year’s similar period, according to the latest report released by World Steel...
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April 24,2018The current fiscal year (started March 21) will see the issuance of 12 batches of corporate bonds totally...
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April 24,2018Tehran Stock Exchange’s main index gained 276.97 points or 0.29% on Tuesday compared to the day before to end trade at 94,576.5. About 578 million shares valued at $32.79 million changed hands at...
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April 24,2018Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it...
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April 24,2018As the Central Bank of Iran launched a new round of gold coin presales since the beginning of the new fiscal year (March 21), a total of five million coins have been sold by Bank Melli branches,...
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April 24,2018A South African business delegation of economic players in the fields of food, chemicals, pharmaceuticals, auto parts, aviation, steel, communications, meat industry and furniture is due to visit...
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April 24,2018Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source...
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April 24,2018Iran's state-owned banks have sold excess assets worth 135 trillion rials ($3.21 billion), which included real estate, company shares and other resources, from the beginning of President Hassan...
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April 24,2018As the Central Bank of Iran is continuing its rate unification and market control policies, the Tehran police force is maintaining its support for the regulator by cracking down on speculative and...
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April 24,2018Despite the increase in the population of workers in Iran, the number of workplace accidents and fatalities in the last Iranian year (March 2017-18) remained unchanged compared to the year before,...
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April 23,2018Mouteh Gold Mine produced 602 kilograms of gold ingots during the previous fiscal year (March 2017-18), registering a 58% growth compared with the year before, according to data released by the...
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April 23,2018The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis. The government had to intervene to bring back stability by fixing USD...
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