Kavir Damghan Steel Company is to employ the so-called Stelco-Lurgi/Republic Steel-National Lead (SL/RN) method to produce direct reduced iron.
The technology, which will be imported from…
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>
Minister of Communications and Information Technology Mahmoud Vaezi has clarified the misunderstanding related to the activity, or lack thereof, of US-based multinational financial services…
Sholeh Sanat Manufacturing and Engineering Company has manufactured two high-speed burners on par with international standards, announced Ayoub Adeli, the managing director of the company.…
Tehran Stock Exchange’s main index TEDPIX scored 3,152 points or 4.2% during the Iranian month of Mordad (July 22- August 21) to end at 78,086.4.
Over 16.6 billion shares valued at $1.3…
Tehran Stock Exchange’s main index gained 117.70 points or 0.15% to end Sunday trade at 78,086.4.
More than 756 million shares valued at $70.8 million changed hands for the day.
…
Thailand is trying to claim its share of the pie in the new climate following the opening up of Iran’s economy as a result of last year’s landmark nuclear deal by sending delegations and launching…
As Iran’s central bank is signaling it will loosen its grip on the rial to end a dual-exchange rate system, Bloomberg said in a report the measure will help attract foreign investment needed to…
The average cost of renting a house in Tehran stood at 230,330 rials ($6.5) per square meter in the first quarter of the fiscal year (March 20–June 20), marking a year-on-year growth of 12.1%.
The Iranian banking sector’s total loans doled out to businesses stood at 1.3 quadrillion rials ($41.9 billion) in the four Iranian months that ended July 20, marking a 37.8% growth compared with…
The 27th Islamic Banking Conference will be held in Tehran on August 30 with a focus on interaction of usury-free banking with international banking.
The two-day annual event will be…
The Central Bank of Iran has approved the scheme to form provincial investment funds throughout Iran, announced the chairman of Majlis Budget Commission. “It has been decreed by CBI that…
When it comes to opportunities in e-commerce and retail, Iran holds great promise.
The Money and Credit Council –a decision-making body–is pondering a further cut in bank interest rates, as the inflation rate is likely to continue on its downward trend, says a former governor of…
Iranian cement producers exported about 4.4 million tons of cement and clinker–the main material used in the manufacture of cement–during the first four months of the current Iranian year (March…
Steel mills in Iran produced 10.1 million tons of crude steel during the seven months of 2016, which shows a 4.9% growth compared to the corresponding period last year, according to a preliminary…
Entering regional markets, which for variety of reasons was previously neglected or out of reach, is a goal now pursued by Iranian traders. The international sanctions, on the one hand,…
The balance in the Caucasus is changing. With Iran emerging from the malaise of sanctions, it is reaching north and becoming more assertive. Russia, too, is changing tack, aligning with…
The Italian Danieli group, which is one of the world’s largest suppliers of equipment and plants to the metal industry, is set to revamp Khorasan Steel Company’s electric arc furnace technology to…
Equities continued to slide last week finishing the six-week rally that saw stocks rise to their highest since March on Aug. 7. Even the publishing of better-than-expected first quarter growth…
Syrian Prime Minister Imad Khamis and Iranian deputy economy minister, Farhad Zargari, in a meeting in Damascus on Wednesday discussed ways to expand cooperation, namely in the economic spheres.…
One of the world’s leading maritime exhibitions, Rotterdam-based Europort has become the official and exclusive international partner of the 18th Marine Industries Conference and Iran…
Iran’s pharmaceutical industry has found itself in a catch-22. On the one hand, the country is trying to grow its pharmaceutical exports and attract investment in the industry. But on the other,…
Cement produced by Qayen Cement Company has replaced bitumen as the main construction material for Qayen-Birjand Highway, the Persian-language newspaper Donya-e-Eqtesad reported.
The…
Islamic Republic of Iran Shipping Lines and Skuld on Thursday signed an agreement to start cooperating on marine coverage. The Norwegian insurer also agreed to hold training courses for IRISL’s…
The Central Bank of Iran has never approved banks engaging in speculative and non-banking activities, said the CBI’s deputy for supervisory affairs on Thursday.
