Over 145% of the projected revenues for the Islamic Republic of Iran Customs Administration in the current Iranian year’s budget will be realized by the yearend, IRICA announced in a report. The…
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.
The domestic steel market is currently grappling with a glut. Some cash-strapped producers have cut down on production to weather the storm, while many large-cap players carry on at full capacity…
Iranian producers managed to sell significant volumes of steel billet to foreign customers by offering discounts.
The mills’ pricing may receive some support from the current market…
Iranian aviation company Aseman Airlines has entered into an agreement with Rolls Royce to purchase up to 100 aircraft engines, according to a statement from the country’s Ministry of Roads and…
In order to have a healthy bank, branch managers ought to ensure the bank's profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran's deputy…
Tejarat Bank is looking to the UAE and China as the next target markets to expand its operations, announced the bank’s director for international affairs.
Ali Mehrpour also detailed the…
The Personal Injury Indemnity Fund is offering a series of incentives to encourage some 10 million uninsured motorcyclists in the country to acquire an insurance policy as part of a larger scheme…
A member of Majlis Economic Commission has criticized the poor execution of a Central Bank of Iran directive by the banking network. Rahim Zare’ added that even though the directive, which ensures…
Insurance industry’s total premium income during the nine months to December 20 amounted to 200 trillion rials ($5.24 billion), registering a 21.33% growth compared with the same period of last…
Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says India’s investment information and credit rating agency ICRA in its latest update on…
The Central Securities Depository of Iran has announced the Iranian equity markets’ largest companies in terms of the number of shareholders by January 19. At Tehran Stock Exchange, the top three…
Tehran Stock Exchange’s main index gained 409.40 points or 0.53% to end Saturday trade at 77,599.1.
About 975 million shares valued at $86.3 million changed hands for the day.
Pars…
The stock market was quite eventful during the Iranian month of Bahman (January 20-February 18).
Several banks, which were barred from trading, returned to Tehran Stock Exchange, the…
Holdings account for close to 25% of the value of Iran’s capital market, according to Deputy Minister of Industries, Mining and Trade Mohammad Reza Fayyaz.
Two measures must be taken to end the lingering recession in the housing sector, said the secretary of Builders Association–a guild establishment that works in coordination with policymakers in…
For centuries, letters of credit have been a useful commercial instrument in global markets, facilitating trade not only for merchants but for governments, banks and financial institutions. In…
Enumerating the achievements of President Hassan Rouhani’s trip to Oman, the governor of the Central Bank of Iran announced that the country has no assets blocked in the Persian Gulf state.…
The total volume of term deposits in the Iranian banking system reached 9,605.5 trillion rials ($251.78 billion) by the end of the third quarter of the Iranian fiscal year (…
Before the platters of roast lamb and fragrant rice were served, visiting executives squeezed into the front room of the Swedish ambassador’s home in Tehran to applaud ambitious plans to restore…
Buying activity in the Iranian flat steel market has continued to slow over the past week, as customers are still unwilling to purchase foreign material, Metal Bulletin reconfirmed on February 15…
Tehran Stock Exchange’s main index gained 397 points or 0.5% for the week that ended February 15 to close at 77,190.
TEDPIX snapped its downward trend after three…
Iran should invest in the Iraqi cement industry to have a sustained share in the neighboring market, the head of Iran-Iraq Chamber of Commerce said.
Iran aims to export 20 to 25 million tons of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tons.
Tehran has sought to boost…
Khorasan Steel Complex is in the final stage of a production expansion project and on its way to commission its second steelmaking unit. The project will help the company strengthen its…
Grounds have been prepared for unifying the foreign exchange rates, which will finally be accomplished "when macroeconomic conditions are agreeable", vice governor of the Central Bank of Iran said…
