Contraband worth 600 billion rials ($16.8 million) was confiscated during the first four months of the current Iranian year (March 20, June 20), an 80% rise compared to the same period last year,…
Business And Markets
<p>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.</p>
Steel prices in Iran dipped slightly over the past week, despite signs of a pick-up in construction activity.
The 3rd National Iranian Coal Congress ended in Semnan Province last week. The two-day event was organized with the aim of bringing together producers, industry researchers and academia to discuss…
Majlis Speaker Ali Larijani asked bankers to set easier repayment terms for debtors and forgive fines for late loan repayment, especially for creditworthy customers.
Iran’s cement sector is far from its past glory. Low domestic demand due largely to the feeble construction sector and the loss of key export destinations such as Iraq have caused the industry to…
Expansion of Middle East fleets goes on apace as more self-sufficiency is sought to cover expanding crude, chemical and products exports. At a steady rate, high-specification newbuildings are…
Equities had a mixed week in Iran, as Tehran’s two exchanges diverged in direction while the rial further weakened in foreign exchange markets.
Non-oil exports to the Netherlands during the first four months of the current Iranian year (March 20-July 21) stood at 5,400 tons worth $11.6 million, which indicates a 21% decline in value…
State-run Shipping Corp. of India Ltd., struggling for respite from an industry downturn, plans to revive a 40-year-old joint venture with Islamic Republic of Iran Shipping Lines.
Reforming the process of issuing bank licenses is one of the measures that could help expand relations with international banks, the Central Bank of Iran’s director general for banking regulations…
The commercial banks of Russia and Iran have agreed to pay for bilateral supplies of products in national currencies, the Central Bank of Russia said in a statement on Friday.
Pakistani Commerce Minister Khurram Dastgir Khan has said the federal Cabinet would approve the memorandum of understanding regarding resumption of banking ties between Iran and Pakistan to…
Given President Rouhani’s emphasis on the development of economic and trade with Lebanon, the governor of the Central Bank of Iran says he is focused on expanding banking relations with the…
Almost 95% of bank customers in Iran are using non-traditional banking services which merit a greater employment of online services and social networks in Iran’s banking sector, according to Ali…
Tejarat Nou Insurance, affiliated to Tejarat Bank, has signed an agreement with Post Bank Iran to insure property held as collateral for loans made by PBI. Tejarat Nou’s CPI insurance policies…
The rating process for Iranian banks will commence in late October and lenders will be classified into four main groups, said the Central Bank of Iran's deputy for supervisory affairs.
Tehran Stock Exchange’s main index shed 190.70 points or 0.25% to end Wednesday trade at 77,167.9.
More than 505 million shares valued at $34.2 million changed hands for the day.
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Internet provider Shatel plans to sell 10 trillion rials ($281 million) of Murabaha bonds on the Iran Fara Bourse, Securities and Exchange News Agency SENA reported on Wednesday.
The…
ADY Express Company, a subsidiary of Azerbaijan Railways, has started moving cargo via the so-called International North-South Corridor.
Mobarakeh Steel Company started using domestically produced catalysts manufactured by Sarv Oil and Gas Industries Development Company in its direct iron ore reduction plant on Wednesday. According…
Germany, the third largest pharmaceutical hub of the world, is sending representatives from its pharmaceutical industry to attend the upcoming IRANPHARMA EXPO 2016 (2nd International Exhibition on…
As the nationwide launch of credit cards by the Central Bank of Iran draws near, a private banker believes CBI is introducing the unprecedented measure to stimulate demand in the economy. …
Due to several factors including a rise in real estate deals and a notable flow of liquidity into the housing market, long-term stability in the housing sector is almost a certainty, declared the…
Export Development Bank of Iran will allocate $334 million for the expansion of the loading capacity of Chabahar port.
Head of the Management and Planning Organization said Iran is aiming for an average annual growth of 8% over the course of the next five years and to achieve this ambitious goal, the banking…
