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.

  • Trade between Iran and Ireland stood close to €134.5 million in 2017, registering a 140.5% upsurge compared with 2016.  Iran’s trade with Ireland saw the second highest year-on-year increase after...
  • Installing customs and border protection equipment, and using X-ray trucks and sniffer dogs have been among the measures taken to combat smuggling.
    More than 36.21 trillion rials ($810.38 million) worth of contraband goods were confiscated in Iran during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), registering a 23....
  • The capital market’s last days of the current fiscal year are usually the busiest in terms of block sales.
    The capital market’s last days of the current fiscal year (ending March 20) are usually the busiest in terms of block sales, and this year is no exception. Banks, mining companies and automakers...
  • Iran has not seen any meaningful banking reforms in the past six decades.
    The research arm of Iran's Parliament has recommended that the lawmakers approve the government's bill to undertake long overdue reforms in the banking system, but only if it is combined with...
  • Seif: Banking Relations a Far Cry From Before JCPOA
    The governor of the Central Bank of Iran said on Monday Iran’s banking relationship with the outside world is incomparable with what it was before the nuclear deal was reached between Iran and word...
  • About 1.14 billion shares valued at $49.70 million changed hands at TSE on March 5.
    Tehran Stock Exchange’s main index lost 155.57 points or 0.16% to end Monday trade at 97,198.7. About 1.14 billion shares valued at $49.70 million changed hands at TSE for the day. Trading at TSE...
  • Iraq Tops Countries Using Iran for Cargo Transit
    More than 9.5 million tons of commodities were transited through Iran from the beginning of the current Iranian year on March 21, 2017, to March 1, 2018. The neighboring Iraq, with 2.5 million...
  • The agreement on the construction of the rail link was approved by Armenian and Iranian governments in 2009.
    China is interested in the project designed to build a rail link between Armenia and Iran.
  • Iran Currency Market Gearing Toward Euro
    The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency.  Announced last week, the ban blocks imports priced in the US dollar...
  • Risk Retention, Reinsurance Caps Announced
    The Central Insurance of Iran has announced the latest risk retention and inward reinsurance capacity allowed for insurance companies. According to data published by the industry’s regulator on its...
  • IFB Launches Merger & Acquisition Platform
    Iran Fara Bourse has launched a merger and acquisition negotiation platform to facilitate the process of public assets’ privatization on the capital market and improve sales transparency, IFB’s...
  • Over half of Iran’s commercial trading is carried out at Shahid Rajaee which also accounts for over 85% of all container throughput in the country.
    Close to 79.2 million tons of commodities were loaded and unloaded in Hormozgan Province’s Shahid Rajaee Port during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19),...
  • Presale of Gold Coins Hit $175m
    Since the launch of the gold coin presale by the Central Bank of Iran on Feb. 17 to cool the market, some 600,000 coins worth 8 trillion rials($175 million) have been sold, the head of Banknote and...
  • Next Fintech Regulatory Framework Soon
    The Central Bank of Iran’s next regulatory framework document for fintechs dealing with personal finance and account information management will be publicly disclosed early next fiscal year that...
  • Germany’s SBH Signs Training MoU With Iran
    Germany’s Stiftung Bildung and Handwerk (Education and Craft Foundation) signed a memorandum of understanding with the Technical and Vocational Training Organization and Iran Chamber of Commerce,...
  • The number of art galleries in Iran has been on the rise in recent years.
    The number of Iranian art galleries has been rising in recent years, a member of the Faculty of Art and Architecture of Islamic Azad University said. In an exclusive interview with Financial...
  • About 1.36 billion shares valued at $58.78 million changed hands at TSE on March 4.
    Tehran Stock Exchange’s main index lost 34.39 points or 0.04% to end Sunday trade at 97,354.3. About 1.36 billion shares valued at $58.78 million changed hands at TSE for the day. Trading at TSE...
  • CBI Prepares Policy Blueprint
    The Central Bank of Iran has prepared a set of policies for the monetary and foreign exchange markets, which will act as a blueprint for regulating these markets, the bank's deputy governor...
  • President Rouhani addresses the 57th annual general meeting of the Central Bank of Iran at the CBI headquarters in Tehran on March 4.
    The 57th annual general meeting of the Central Bank of Iran was chaired by President Hassan Rouhani on Sunday, at which the president spoke of economic achievements during his tenure and what is to...
  • Alborz Insurance Company’s Controlling Stake Sold
    The government successfully sold its shares in Alborz Insurance Company on Saturday to a consortium made up of pension funds and an investment company. A total of 693.6 million shares,...
  • Mobarakeh Steel Company topped the charts in terms of sales value, as it sold 140.68 trillion rials ($3.1 billion) worth of steel products, up 54.97% year-on-year.
    Major Iranian steelmakers had a good run during the first 11 months of the current fiscal year (March 21-Feb. 19), as they unanimously posted double and some even triple-digit growth in their sales...
  • About 2.41 billion shares valued at $125.54 million changed hands at TSE on March 3.
    Tehran Stock Exchange’s main index lost 572.99 points or 0.58% to end Saturday trade at 97,388.7. About 2.41 billion shares valued at $125.54 million changed hands at TSE for the day. Trading at...
  • CBI Pushing for Rate Unification Despite Forex Volatility
    The Central Bank of Iran is working to fulfill the longstanding pledge of unifying the dual foreign exchange rates, despite recent volatility that unsettled the currency market.  Valiollah Seif,...
  • Zarif Focuses on Banking Hurdles in E. Europe Tour
    Iran’s high-ranking political and economic delegation, headed by Foreign Minister Mohammad Javad Zarif, completed the last leg of its East Europe tour on Saturday after focusing on resolving...
  • Airport Traffic Increases by  8 Percent
    Iranian airports registered 451,000 takeoffs and landings in 2017, which shows an 8% rise compared to 2016. Over 56 million passengers and 549,000 tons of cargo were transported last year,...

Pages

Financialtribune.com