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.

  • Rusk Imports at 18 Tons
    Iran imported 18 tons of rusk worth $24,277 in the last Iranian year (ended March 20, 2018), Mizan Online cited data released by the Islamic Republic of Iran Customs Administration. Germany was...
  • Tax Exemption for Small Homes
    The government plans to lift tax on the construction and renting of small homes as part of measures to...
  • DRI Exports Banned
    The government has banned the export of direct-reduced iron to increase supply to local downstream plants. The directive was conveyed to the Islamic Republic of Iran Customs Administration by the...
  • Growth in Exports From Markazi Province
    Exports of chicken parts, livestock feed, ornamental fish and frozen chicken from Markazi...  
  • Housing Sector in Danger  of Sliding Back Into Recession
    Iran’s housing sector will soon slid back into recession in view of ongoing volatilities in the foreign exchange market, which have rocked prices during the past few months, the deputy of Tehran...
  • Evaporative Cooler Exports Earn $89 Million
    Iran exported 31,756 tons of evaporative coolers worth more than $89 million during the first four months of the current fiscal year (March 21-July 22), the latest data released by the Islamic...
  • Bounced Checks Decline
    About 9.1 million checks worth 780 trillion rials ($17.68 billion) were transacted in Iran during the third month of the current fiscal year to June 21, showing a respective decline of 8.2% and 1.8...
  • Trading Code Issuance  Goes Online
    Central Securities Depository of Iran has cut the paperwork and started issuing trading codes for capital market investors online. Previously, those seeking to start trading had to contact a...
  • Day of Records in Stock Market
    It was a historic day for shares in Iran's equity market on Monday. The primary cause of the excitement is simple yet groundbreaking: The foreign currency exchange market is officially liberalized...
  • Currency Volatility to Curtail Payment Network Growth
    Ongoing currency fluctuations in Iran have the potential to put a dent in the strong growth of the country’s payment network, the head of Informatics Services Corporation, the company in charge of...
  • New Opportunity for Indian Ferro Alloy Producers in Iran
    India is one of the major exporters of ferroalloys to Iran and in turn, sources crude oil from the Islamic Republic.  
  • Stocks Rise to Notch New High
    Stocks posted solid gains on Sunday to extend their 10-day winning streak and reach a new high, defying correction expectations following a slow start to the trading week. At both Tehran Stock...
  • PPI Inflation for Services Rises 4.6% in Q1
    The average Producer Price Index for the services sector (using 2011 as the base year) in the first quarter of the current Iranian year (March 21-June 21) stood at 262.3, indicating a 4.6% increase...
  • Russian Bank to Finance Iran-Bound Exports
    The Export Development Bank of Iran has signed a deal with Moscow’s Mir Business Bank to finance the import of essential goods from Russia.The contract provides Iran with €10 million, covering the...
  • Forex Market Volatility Subsides
    Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian currency sink to...
  • TSE Firms Pay $6.6b in Dividends in 1 Month
    Tehran Stock Exchange-listed companies have paid out 292 trillion rials ($6.63 billion) of dividends to investors during the fourth month of the current fiscal year (June 22-July 22). The firms’...
  • Ice Cream Exports Top 16K Tons
    A total of 16,066 tons of ice cream worth $54.77 million were exported from Iran during the first three months of the current Iranian year (March 21-June 21), data provided by the Islamic Republic...
  • CBI Delivers Presold Gold Coins
    The Central Bank of Iran said on Saturday it has fulfilled its commitment of delivering the gold coins purchased by people during the presale scheme in the past few months. According to a...
  • TSE to Host Block Trade on Aug. 18
    Sina Food Industries Development Holding Company is set to put up a block share in its subsidiary Glucosan Company for sale on Tehran Stock Exchange on August 18 for the third time. The block is...
  • Bank Maskan Mulls Home Loan Proposals
    Bank Maskan, the agent bank of the housing sector, is considering two proposals to sweeten a home loan offer for revitalizing the stagnant housing market and boosting demand from first-time home...
  • CBI Forex Plan to Be Unveiled on Monday
    First Vice President Es'haq Jahangiri announced that the new foreign exchange plan, which is intended to address the recent volatility in the currency market, has been approved by the High Economic...
  • IRICA, Health Ministry Sign Customs MoU
    A memorandum of understanding has been signed between the Islamic Republic of Iran Customs Administration and the Ministry of Health and Medical Education to accelerate the process of customs...
  • Exchange-Listed Firms Raise $630m in 4 Months
    Publicly-traded companies on Tehran Stock Exchange and Iran Fara Bourse added 27.79 trillion rials (about $630 million) to their share capitals during the first four months of the current fiscal...
  • Online Forex System for Knowledge-Based Firms
    The Central Bank of Iran has established an exclusive online system to allocate foreign currencies at cheap government rates to innovative and knowledge-based firms in collaboration with the...
  • MPs Start Scrutinizing Banking Reform Bill
    Members of Majlis Economic Commission have commenced the process of reviewing articles of the Majlis motion to undertake long-awaited reforms in Iran's banking system and bestow the central bank...

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