The Money and Credit Council–the highest monetary decision-making body – voted Tuesday to lower lending rates by two percentage points. The decision comes after private banks decided earlier this…
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.
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In response to ambiguities concerning the status of Iran in the Financial Action Task Force (FATF), the general manager of the anti-money-laundering division of the Central Bank of Iran said…
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Money and Credit Council–a decision-making body– has increased the minimum capital needed for the establishment of banks in free trade zones from €25 million to €150 million. The MMC also…
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The Central Bank of Iran has prohibited banks and credit institutions from depositing money into accounts of other lenders or financial institutions outside the interbank market.
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Iran’s first iron ore beneficiation plant will become operational by the end of September, says managing director of Jalalabad Iron Ore Complex. The plant, with an annual production capacity of…
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Over 400 million tons of iron ore, 500 million tons of coal and 90 tons of gold deposits have been discovered since the government of President Hassan Rouhani took office in 2013.
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Tehran Stock Exchange’s main index wiped 250.20 points or 0.34% to close Wednesday trade at 73,940.3.
More than 1.4 billion shares valued at $77.1 million were traded for the day.
…
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Iranian chromite miners are going through a tough time. High extraction costs, depressed domestic demand and global prices as well as unrestrained imports of the mineral have brought many of the…
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Iran is home to the Middle East’s largest fire clay mines with refractory minerals unmatched in quality worldwide.
The country’s fire clay production sector, however, has so far been unable…
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The Majlis Research Center says in a new report that the housing sector is not capable of acting as a driving force for the economy, saying that the apparent weakening purchasing power and large…
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A senior member of the Central Bank of Iran’s Fiqh Council says the disclosure of deposits’ performance as part of the new financial statements by banks is not only an advantage but a necessity…
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German and Austrian banks have opened $1 million -10 million in credit lines for Iranian business, said Asadollah Asgaroladi, a board member of the Iran Chamber of Commerce, Industries, Mining and…
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Sarmad Insurance Company, affiliated to Bank Saderat Iran, has joined the Federation of Afro-Asian Insurers and Reinsurers (F.A.I.R.), the company website reported on Tuesday.
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Tehran Stock Exchange’s benchmark index gained 447 points or 0.61% on Tuesday to end at 74,190.5.
More than 1.1 billion shares valued at $71.1 million changed hands for the day.
Yazd…
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The International Exhibition of Stones, Mining, Machinery and Related Industries will be held in Tehran’s International Fairground on July 18-31.
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Domestic demand for fixed income securities is rising. An agreement between banks to lower their borrowing rates has boosted demand for bonds even more, due to their higher rates compared to bank…
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As western planemakers seek to finalize lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country's national flag…
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Outlining banks' newly updated accounting rules, the head of Monetary and Banking Research Institute of the Central Bank of Iran gave assurances that the new financial statements will steer the…
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Some 36,900 homes were sold in Tehran during the three month ending June 20, showing a growth of 5.6% compared with the same period last year.
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The Organization for Economic Cooperation and Development (OECD) has upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported…
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Post Bank Iran, a state-owned commercial bank, has been tasked by the government’s to help fund job opportunities in rural areas. The bank is to receive 3 trillion rials ($98 million) in credit to…
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Tehran Stock Exchange’s main index, TEDPIX, inched up 71.54 points or 0.10% to close Sunday trade at 73,743.50.
Close to 950 million securities valued at $62.3 million were traded in the…
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Eleven million people live in informal settlements across Iranian metropolises, says a board member of the Urban Development and Revitalization Organization (UDRO), affiliated to the Ministry of…
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Plans are underway to increase domestic aluminum production capacity from the current 470,000 tons per year to 800,000 tons by 2020, says Deputy Minister of Industries, Mining and Trade Mehdi…
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The securities and Exchange Organization has given the go-ahead for creating credit ratings agencies to increase market transparency as a first step to acquiring the trust of foreign investors,…
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