An estimated $1.2 billion worth of mineral products were exported during the first three months of the current Iranian year that started on March 20 -- a 47% rise compared to last year’s…
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>
As the shockwaves of Britain voting to leave the European Union on Friday continue to shake global markets, the effect was felt in Iran a day later – due to markets being closed on Friday–, a…
Iran Insurance Company has signed a contract with Honar Credit Fund (art fund) and the Ministry of Culture and Islamic Guidance to provide supplementary health insurance policies to members of the…
Data from the Ministry of Roads and Urban Development shows that in the first quarter of the Iranian fiscal year ending on June 20, apartment sales rose 4% compared to the same period last year…
An international group that monitors money laundering worldwide decided on Friday to suspend its restrictions on Iran for one year and welcomed Iran's promises to improve in the areas of AML and…
Leading Turkish online payment company, Iyzico, will soon be able to handle payments in Iran, according to Barbaros Ozbugutu, co-founder and CEO of the company.
The goods and services Consumer Price Index for urban areas in the 12 months ending June 20, which marks the end of the Iranian month of Khordad, increased 9.7% compared with last year’s…
About 1 million tons have been added to Mouteh Gold Mine’s proven reserves after new mineral discoveries were made in the region, Ali Asgharzadeh, an official with the Iranian Mines and Mining…
Close to half of Iran’s cement producers risks bankruptcy by the yearend unless the industry’s pressing problems are addressed.
Mohammad Atabak, a member of Cement Employers Association…
More than 53,000 tons of aluminum ingots were produced in the first two months of the current Iranian year (March 20-May 20, 2016), indicating a 2% decline compared with the corresponding period…
More than 89,000 tons of coal concentrate were produced, mainly by Central Alborz and Tabas Parvardeh coal companies, in the first two months of the current Iranian year (started March 20), which…
An international group that monitors money laundering worldwide decided on Friday to keep Iran on its blacklist of high-risk countries but welcomed Iranian promises to improve and called for a one…
Tahmasb Mazaheri, a former governor of the Central Bank of Iran has warned that a surge in liquidity over and above 10% would not be acceptable in the current fiscal year that started in March and…
The Monetary Authority of Hong Kong on Friday lifted the restrictions imposed on Melli Bank Plc (MB) in respect of the affairs, business and property of its Hong Kong Branch (MBHK). MB is…
Debts of banks to the Central Bank of Iran amounted to 836.1 trillion rials ($27.3 billion at the official exchange rate) by the end of the fiscal year that ended in March, marking a year-on-year…
Italian luxury brand Molteni has opened a flagship showroom in the Iranian capital, describing itself as a “pioneer” for design companies moving into the country following the lifting of trade…
Tehran Stock Exchange’s benchmark index shed 232 points or 0.31% during the week that ended on June 22 to close at 73,645.
More than 3.9 billion shares valued at $239.5 million were traded…
Over 29,000 tons of copper cathode and 39,000 copper anode ingots were domestically produced in the first two months of the current Iranian year (started March 20), which indicates a 7.5% rise in…
South Korea’s Daewoo Engineering & Construction, which has been engaged in the Iranian market for decades, has sought to expand its business in the country at a faster rate, following the…
The anticipated economic revival due to lifting of sanctions by the western countries, coupled with expanding automotive fleet, will drive sales of tires in Iran, a recent report by Canada-based…
In comments posted on the news website of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, Ahmad Hatami Yazd, a former banker, has claimed that non-performing loans (NPLs) are the…
The Central Bank of Iran has plans to either dissolve or merge banks and credit institutions with a track record of poor performance, the bank's governor, Valiollah Seif said on Tuesday.
…
Iran Insurance Company’s share of premiums saw a 7.7% y/y decline, accounting for 31.7% of the total earned premiums during the two months that ended on May 20.
Data from the Central…
The Office of Foreign Assets Control (OFAC) of the US Treasury Department has given Brazilian banks permission to work with Iran in euro, said the director of the Brazilian Foreign…
Tehran Stock Exchange's main index gained 845.60 points or 1.16% to close Wednesday trade at 73,644.8.
More than 760 million shares valued at $50.7 million were transacted for the day.
…
