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.

  • A total of 3.32 million tons of slab, bloom, billet and ingot were produced during the two months, up 20% YOY.
    A total of 7.7 million tons of iron ore concentrate were produced in Iran during the first two months of the current fiscal year (March 21-May 21), to register a 27% growth compared with last year’...
  • About 1.1 billion shares valued at $58.74 million changed hands at TSE on June 12.
    Tehran Stock Exchange’s main index gained 254.47 points or 0.27% on Tuesday to end trading at 96,101.9. About 1.1 billion shares valued at $58.74 million changed hands at TSE for the day. Trading...
  • Change of Leadership at ESCO
    Mansour Yazdizadeh has replaced Ahmad Sadeqi as the new managing director of veteran steelmaker Esfahan Steel Company. The new director has spent most of his professional career at ESCO. Yazdizadeh...
  • One out of three Iranian young people (ages 15-24) did not participate in the labor market at all in the fiscal 2016-17.
    The share of Iranian young people (ages 15-24) who were not in employment, education or training (NEETs, for short) fell from 38.3% in the fiscal 2011-12 to 36.2% in 2016-17, according to a report...
  • The European Commission has adopted an update of the European Investment Bank’s External Lending Mandate, which would make Iran eligible for the bank’s investment activities.
    The European Union is taking steps to protect EU companies investing in Iran from...  
  • Banks Reclaiming TM Arrears
    Chief executives of some of Iran's biggest banks have met with the newly-elected mayor of Tehran, Mohammad Ali Afshani, to reach agreement on reclaiming billions of dollars in liabilities owed by...
  • Top-level Iranian and Chinese officials confer as part of meetings that led to the signing of four major MoUs in Qingdao.
    During President Hassan Rouhani's visit to China, the two countries signed several agreements to boost trade and financial ties, including an agreement to use their respective currencies. ...
  • Gov’t to Receive 4m Tons of Free Bitumen
    The National Iranian Oil Company will provide various ministries and governmental organizations with 4 million tons of free bitumen valued at up to 30 trillion rials ($714.28 million), a...
  • About 1.06 billion shares valued at $53.59 million changed hands at TSE on June 11.
    Tehran Stock Exchange’s main index lost 68.38 points or 0.07% on Monday to end trading at 95,847.5. About 1.06 billion shares valued at $53.59 million changed hands at TSE for the day. Trading at...
  • Uptrend in Gold Coin, Forex Rates
    The Emami benchmark gold coin gained another 1% in Tehran on Monday and was traded at close to 25 million rials ($59), a new all-time high, according to Tehran Gold and Jewelry Union’s website. 
  • About 821 million shares valued at $53.27 million changed hands at TSE on June 10.
    Tehran Stock Exchange’s main index lost 161.11 points or 0.17% on Sunday to end trading at 95,916. About 821 million shares valued at $53.27 million changed hands at TSE for the day. Trading at...
  • Copper Concentrate Output Over 100K Tons Last Year
    Major Iranian copper producers produced 107,795 tons of copper concentrate during the first month of the current fiscal year, Farvardin (March 21-April 20), which indicates a 15% growth compared...
  • A petition signed by 50 MPs against the CFT bill was rolled out in the parliament’s open session on June 10.
    Members of Iran's Parliament during Sunday's open session voted to postpone for two months the review process of the government-proposed bill aimed at joining the United Nation's International...
  • Forex Transfer Cap Announced
    In a directive on Saturday, the Central Bank of Iran authorized foreign currency transfers (through the hawala system operated via the Integrated Forex Deals System) of up to €5 million or its...
  • ESCO is Iran’s oldest steelmaker and the largest producer of structural steel.
    Esfahan Steel Company's major shareholder is planning to sell its stake in the veteran Iranian steelmaker and potential domestic and foreign buyers have already lined up, the managing director of...
  • How Public Investment Could Help Strengthen Iran’s Growth Potential
    Since the early 2000s, growth in Iran has been insufficient to improve real GDP per capita incomes.  
  • Bank Saderat’s branch in Doha
    In spite of all efforts to boost economic ties with Qatar, Iran’s only active bank in the Arab nation, Bank Saderat, is still facing serious hurdles, according to its chief executive. “We have...
  • Gold Coin Rally Intensifies
    Gold coins kept rallying nationwide on Sunday, taking its lead from Tehran's market, in signs that investors are showing renewed interest in the safe haven asset.  The rally, which took off on the...
  • About 955 million shares valued at $49.29 million changed hands at TSE on June 9.
    Tehran Stock Exchange’s main index gained 78.34 points or 0.08% on Saturday to end trading at 96,077.1. About 955 million shares valued at $49.29 million changed hands at TSE for the day. Trading...
  • Aluminum Output Near 61,000 Tons
    Iran’s major aluminum companies produced 60,947 tons of aluminum products during the first two months of the current fiscal year (March 21-May 21), which indicates a 9.7% increase compared with...
  • Tehran to Host ‘Agrofood 2018’ in June
    The 25th International Exhibition of Agricultural Industries, Food, Machinery and Related Industries, also known as ‘Agrofood 2018’ has been scheduled to open on June 29 at Tehran’s International...
  • $5b of Foreign Investments in 2017-18
    The volume of foreign investments attracted during the previous fiscal year (ended March 20, 2018) registered a notable increase compared with the previous year, the head of the Organization for...
  • Governor of the Central Bank of Iran Valiollah Seif
    Governor of the Central Bank of Iran Valiollah Seif said the prospect of Iran and China using local currencies in bilateral trade will eliminate any difficulties arising from the fallout of the US...
  • IMIDRO, 2 Iranian Firms Join Forces to Develop Gold Mine
    Iranian Mines and Mining Industries Development and Renovation Organization recently signed a deal with two Iranian firms to develop the second phase of Zarshouran Gold Mine in northwestern Iran....
  • The opening of the German representation office in Tehran is in line with the aims and activities defined in an MoU signed between the two countries in 2016.
    With the aim of expanding bilateral cooperation in the field of food and agriculture, Germany has been implementing a project named “Representative of the German Food and Agribusiness in Iran”...

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