Iranian export billet and slab prices strengthened over the week that ended on Wednesday due to renewed bookings. Metal Bulletin’s weekly price assessment for Iranian export billet was $508-510…
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.
The Organization for Economic Cooperation and Development (OECD) has unsurprisingly upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on…
About 4.2 million tons of agricultural products worth $4.005 billion were exported from Iran during the nine months to Dec. 22, 2017, a deputy agriculture minister said.
“Agricultural…
Khorasan Steel Company set a record in monthly direct-reduced iron production, as it produced 128,029 tons of the steelmaking material in the 10th month of the current fiscal year (Dec. 22, 2017…
The Ministry of Industries, Mining and Trade issued 3,235 industrial permits across the country in the first seven months of the current Iranian year (March 21-Oct. 22, 2017).
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Iran exported $183 million worth of home appliances during the nine months to December 21, 2017, an official with the Trade Promotion Organization of Iran said.
Masoud Kamali Ardakani…
Tehran Stock Exchange’s main index gained 297.48 points or 0.3% to end Wednesday trade at 99,522.2.
About 1.27 billion shares valued at $77.87 million changed hands at TSE for the day.…
Bank Melli Iran’s large-cap investment arm, Tosee Melli Group Investment Company, is planning for a major downsizing by selling off shares in 30 companies.
TMGIC’s shares in eight of the…
Winners of this year’s edition of Nourbakhsh Banking Innovation Awards were introduced late Tuesday at the close of the two-day Seventh Conference on Electronic Banking and Payment Systems in…
After days of rallying against the rial in Tehran's foreign exchange market, the US dollar is showing signs of losing momentum.
On Wednesday, the rial was quoted at 45,720 to the dollar…
Members of the Money and Credit Council, a high-level financial decision-making body with the Central Bank of Iran, in its latest meeting decided to form a committee with the specific aim of…
The Iranian Parliament on Wednesday passed a bill aimed at joining the United Nations Convention Against Transnational Organized Crime.
President Hassan Rouhani said Iran has sufficient foreign exchange reserves to overcome any turbulence in the currency market and prevent the national currency from depreciating further.
…
The share of digital transactions in Iran has reached 10% of the total volume of liquidity in the country by the end of the seventh month of the current fiscal year on Oct. 22.
Shaparak…
The second and final day of the biggest electronic banking event in Iran featured several international keynote speakers, included several side events and workshops, on Tuesday.
Bank Melli Iran, the nation’s biggest bank, is planning to establish a branch of its subsidiary Mir Business Bank–based in Russia– in Iran, a member of its board said.
Armenian Prime Minister Karen Karapetyan has called on Eurasian Economic Union member states to take advantage of preferential terms in Meghri Free Economic Zone and export goods to Iran.
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Out of the 15 trillion rials ($325 million) earmarked for agricultural mechanization in the current Iranian year that started on March 21, 2017, 598 billion rials ($130 million) have been paid…
The government sold 4.54 trillion rials ($98.27 million) worth of public companies’ shares to the private sector in the first 10 months of the current fiscal year (March 21-Jan. 20). About 3.95…
Bank Saderat Iran is scheduled to hold its annual and extraordinary general meeting on Feb. 4, according to the bank’s announcement on Codal.ir.
Two back-to-back meetings will see…
Tehran’s iconic Milad Tower on Monday hosted the largest banking event of the year, which whole-heartedly supported financial technology and innovative solutions to succor an economy…
Governor of the Central Bank of Iran Valiollah Seif assured markets on Monday that the big rally in foreign exchange rates is temporary and that the market will cool off.
Bank Maskan, the agent bank of the housing sector, is upbeat about emerging out of its years-long stagnancy, as 14.2 million housing bonds have been traded by the end of the 10th month of the…
Trade Capital Bank, Tejarat Bank’s affiliate in Belarus, has active banking ties with its counterparts in the Eastern European nation, according to the minister of industries, mining and trade…
Iran became the world’s second largest direct-reduced iron producer in 2017 by producing 20.5 million tons of the steelmaking material, up 28.3% year-on-year, the latest data by World Steel…
