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.

  • Iranian Banks Allowed to Guarantee Investments in Oman
    The Central Bank of Iran has allowed lenders to issue guarantees for Iranian businesses planning to invest in Oman or those who seek to take out loans from Omani banks, the head of Iran-Oman...
  • Gold, USD Go Separate Ways
    On Thursday, which marked the last trading day in Iran’s markets, gold coin had a slight drop of 25,000 rials ($0.51) and fetched 16.33 million rials ($336), Banker.ir, an analytical news website,...
  • All-Out Growth in Interbank Market
    The Central Bank of Iran has released its latest data on the country's interbank market, indicating that it has registered growth both in terms of the number and value of deals. According to the...
  • Banks Extend Loans Worth $106 Billion in 11 Months
    The Central Bank of Iran has released its latest report on loans allocated by lenders, which show that the services sector again attracted the highest share while a majority of loans were doled out...
  • Over 12.58 billion shares valued at $436.7 million were traded on TSE during last week.
    Tehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment.  All eyes are now set on the...
  • Metal Bulletin’s weekly price assessment for Iranian billet exports widened at both ends of the range to $515-530 per ton FOB on March 14, against $518-520 per ton FOB a week earlier.
    Iranian exporters of semi-finished steel products continue to push for higher prices after successfully selling billet and slab volumes in recent weeks.  Metal Bulletin’s weekly price assessment...
  • Bank Melli Reviving Ties With French Bank
    High-level executives with Bank Melli Iran and France’s Banque Delubac met on Wednesday in Tehran to discuss a potential restoration of relations that were cut off after Iran was slapped with...
  • Iran National Pavilion Opens  in Shanghai Free Trade Zone
    Iran National Pavilion has been launched in the Shanghai Free Trade Zone for increasing exports of goods and services, and attracting foreign investment.
  • Farshad Heydari (C) addresses a press conference in Tehran. 
    The controversy surrounding the high number of Iranian bank branches is still raging with the dominant theme being the extension of lenders’ sphere of influence far wider.  This, the critics say,...
  • 5th Iran Int’l Aluminum Confab Scheduled
    Aluminum Research Center of Iran is scheduled to hold the Fifth Iran International Aluminum Conference on April 24. IIAC 2018 will be held in partnership with Iranian Mines and Mining Industries...
  • Iran’s International Property Rights Index Improves
    Iran’s International Property Rights Index score increased by 0.28 compared with 2016 to stand at 4.52 (out of 10) for 2017.  The country ranked 99th out of 127 countries under study, showing no...
  • In the course of the current year, CBI has taken concrete steps to organize state accounts.
    The Central Bank of Iran’s latest report on the transfer of state accounts to CBI has shown that 84% of the designated entities have participated in the scheme that promises more transparency and...
  • 7% Increase in Airport Traffic
    Iran Airports Company registered 35,073 takeoffs and landings during the Iranian month ending Feb. 19, which shows a 7% rise compared with last year’s corresponding period. Close to 4.31 million...
  • The two banks’ saga at the equity market is a mirror of their sorry state of financial affairs.
    The long wait finally came to an end on Wednesday, as two major banks’ frozen stock tickers reopened on Tehran Stock Exchange after a year and a half.  This is great news for frustrated investors...
  • About 1.38 billion shares valued at $51.46 million changed hands at TSE on March 14.
    Tehran Stock Exchange’s main index lost 788.19 points or 0.82% to end Wednesday trade at 95,525.9. About 1.38 billion shares valued at $51.46 million changed hands at TSE for the day. Trading at...
  • 28,000 First-Time Homebuyers Empowered by Bank Maskan
    More than 28,000 people have become homebuyers from Bank Maskan’s main initiative to boost the purchasing power of applicants during the first 11 months of the current fiscal year to Feb. 19....
  • Cryptocurrencies in Long-Term Plans
    Iran’s vice president for science and technology believes that studies focusing on cryptocurrencies should be included in the long-term plans of the country since a decision on the issue cannot be...
  • MIDHCO Subsidiaries to Issue $219m Worth of Sukuk
    Three of Middle East Mines Industries Development Holding Company’s subsidiaries plan to issue 10.6 trillion rials ($219.64 million) of Islamic bonds to finance their expansion projects, an...
  • No Steel Price Rise  at IME Until June 21
    At the behest of private producers and downstream users, the Ministry of Industries, Mining and Trade has banned price increases for all steel products at Iran Mercantile Exchange up until June 21...
  • Uptrend in Shaparak Transactions Continues
    Shaparak, the Central Bank of Iran-affiliated supervisory entity in charge of the country’s payment settlement network, has released its latest report for the 11th month of the current fiscal to...
  • Iranian Delegates Meet European Regulators in London
    Delegates from Iranian banks met with representatives of the European Banking Authority this week in Canary Wharf. 
  • Biggest Government  Privatization Bid Flops
    Iran’s largest privatization attempt in the current fiscal year (started March 21, 2017) kicked off on March 12 with less than a percent of the offered assets finding buyers. According to Jafar...
  • TEDPIX Trade Up 0.12%
    Tehran Stock Exchange’s main index gained 119.77 points or 0.12% to end Tuesday trade at 96,314.2. About 852 million shares valued at $43.28 million changed hands at TSE for the day. Trading at...
  • Ghavamin, Hekmat Iranian and Kowsar are among banks and credit institutions to be merged  in the next fiscal year (starting March 21).
    A new wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a top official at the Central Bank off Iran said.   Farshad...
  • Gov’t Bonds Worth $222m for Roads Ministry
    The Economic Council agreed on Monday that the government issue 10 trillion rials (about $222 million) worth of bonds for purchasing new airplanes and maintaining the country’s roads. The issuance...

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