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.

  • Finex 2018 is hosting 390 companies, officials and potential investors at Tehran’s International Fairground.
    Finex 2018, the biggest financial sector exhibition in the Middle East, opened on Monday at Tehran’s International Fairground to host a wide array of businesses, officials and potential investors,...
  • Iran Capital Market Trading Sees 26% Growth
    Iran capital market’s trade value reached 2.47 quadrillion rials ($58.8 billion) in the last fiscal year (ended March 20, 2018), growing 26.6% compared to the year before, the head of Securities...
  • New Lease of Life for Iranian Bauxite Project in Guinea
    Iran’s dormant bauxite project in Guinea-Conakry has recently sprung back to life, as companies operating it have announced an international tender for developing the mine and constructing a...
  • Iran's Payment Networks Post Annual Growths
    All of Iran's payment systems and networks registered annual growths both in terms of number and volume of transactions in the previous fiscal year that ended on March 20, the chief executive of...
  • Exchangers Not Going Away
    The governor of the Central Bank of Iran emphasized the role of moneychangers in the foreign exchange market, saying that the regulator is not seeking to remove them from the Iranian economy....
  • A delegation of high-ranking officials from Qatar’s Ports Management Company recently paid a visit to Iran’s southern ports and met their Iranian counterparts.
    Qatar plans to invest in the development of southern ports of Iran to help expand economic cooperation and increase bilateral trade, the director of Qatar Ports Management Company said at a press...
  • About 466 million shares valued at $22.43 million changed hands at TSE on April 16.
    Tehran Stock Exchange’s main index lost 481.19 points or 0.5% on Monday compared to the day before to end trade at 95,506.3. About 466 million shares valued at $22.43 million changed hands at TSE...
  • Exchangers Await CBI Decision
    Representatives of the Iranian Association of Bureaux de Change will soon hold a meeting with Central Bank of Iran’s officials to decide the fate of foreign exchange shops and the role envisaged...
  • Major Mineral Explorations Underway
    Mineral explorations are currently underway in areas spanning over 250,000 square kilometers in Sistan-Baluchestan, Kerman and Kurdestan provinces, the chairman of Iranian Mines and Mining...
  • Iran is home to 68 types of minerals with more than 37 billion tons of proven reserves and 57 billion tons of potential reserves.
    Iran exported more than 60.2 million tons of mineral products worth over $8.9 billion in the last fiscal year (ended March 20, 2018), down 7.8% in tonnage and up 3.2% in value compared to the year...
  • Nasser Hakimi
    The Central Bank of Iran is expected to announce its regulatory framework for fintechs in the coming months and according to the regulator's deputy for innovative technologies, European standards...
  • The special government meeting for the forex market was held on March 15 with senior Cabinet members in attendance.
    First Vice President Es'haq Jahangiri said on Sunday the government intends to establish a "new foreign exchange system" that will be in the country's national interests.  Jahangiri added that...
  • Loans to Industrial, Mining Sector Up 8.3%
    Banks and credit institutions provided the industrial and mining sector with 1.51 quadrillion rials ($36 billion) worth of loans in the last fiscal year's first 11 months (March 21, 2017-Feb. 19),...
  • About 503 million shares valued at $22.55 million changed hands at TSE on April 15.
    Tehran Stock Exchange’s main index lost 299.44 points or 0.31% on Sunday compared to the day before to end trade at 95,987.6. About 503 million shares valued at $22.55 million changed hands at TSE...
  • Yazd to Host  Int’l Textile Expo
    The 10th International Exhibition of Yazd Textile Industry is scheduled to be held from May 8 to 11 in the city of Yazd in central Iran. Textile machinery and products, leather, apparel and machine...
  • Housing Imbalance to Hurt Tenants
    Iranians renting homes may be exposed to higher than expected increases in rent prices, as supply and demand are imbalanced, the first deputy of the Tehran Association of Realtors said. “The lack...
  • US Connections Prevent Swedish-Iranian Banking Ties
    Lack of banking ties is a major issue concerning Iran’s relations with Sweden as it is with most other countries.  
  • Pakistan Loses Iran Market Over Lack of Payment Mechanism
    The absence of a credible payment mechanism remains the major irritant in Iran-Pakistan trade.  
  • Over 4.1 billion shares valued at $215.69 million were traded on TSE during last week, indicating a 281% and 319% growth respectively compared to the week before.
    Holidays were truly over for Tehran’s stock market, as the last trading week came to a close on April 11.  No more limited trade volume, lethargy in anticipation of political risks and creeping...
  • New Year Pay Rise Rates Set
    The Supreme Labor Council late Wednesday announced wage rise rates for the new Iranian year that began on March 21.  Minimum wage workers—those who receive 9.29 million rials (about $221)–will get...
  • The government announced this week that it is enforcing a single exchange rate to the dollar.
    As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market.  According to measures decided at...
  • Better Financial  Relations to Fast-Track Iran-Uruguay Trade
    An Iranian delegation was in Uruguay earlier this week to participate in a bilateral trade conference and improvement of banking relations was at the forefront of prerequisites for expanding ties...
  • Metal Bulletin’s weekly price assessment for Iranian billet exports fell to $495-505 per ton FOB on April 11, from the previous range of $500-515 per ton FOB.
    Buying activity in the Iranian export market for steel billet was muted in the week that ended...  
  • The benchmark Bahar Azadi gold coin   lost more than 11% on Tuesday. 
    When the Central Bank of Iran abruptly announced the unification of the US dollar's exchange rate from Tuesday, the gold market reacted swiftly and prices declined.   CBI announced late Monday...
  • Bigger Role  for Euro
    Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency....

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