The Azadi gold coin fell below the nine million rial mark as bearish sentiments prevailed Tehran’s gold market. The price of the Azadi coin dropped 0.33 percent to 8,9550,000 rials on Tuesday…
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.
Almost 615 tons of local and foreign soybean meal was offered on the agricultural trading floor at Iran Mercantile Exchange (IME) on Tuesday, the IME’s PR and foreign affairs office reported.
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The Iranian Association of Steel Manufacturers has criticized the frequent changes to the iron ore export duties, reported Fooladnews.
With an annual production of 78 million metric tons, Iran’s cement industry ranks third in the world after China and India and first in the Middle East, IRNA reported on Tuesday citing an industry…
Iran continues to dominate the global pistachio export market, with a 50% share in exporting the popular nut, said the Iranian Pistachio Association (IPA), attributing the figure to the high ratio…
An investment license has been issued by the head of the Securities and Exchange Organization (SEO) for a European company to invest over $20 million in Iran's capital market, Ali Salehabadi, head…
Despite a desperate need at home for scrap steel, it is widely exported due to higher prices in international markets, reported Fooladnews. The Customs Administration recently announced the export…
Foreign firms especially from India have shown interest in investing in Chabahar Port, Secretary of Free Zones Coordination Council, Akbar Torkan, said on Monday.
“Appropriate…
More than 90 percent of Bank Keshavarzi’s (Agri-Bank) facilities have been directed at the agriculture sector including farming, livestock, poultry, fisheries, forestry, farm mechanizations and…
In a bid to address the liquidity problem faced by the manufacturers, a new production fund will be established to provide loans to the manufacturing units through a new line of credit, the head…
A sum of $15.3 million, the largest insurance claim in Iran’s history, has been given to Tehran Metro Company in damages for a flash flood two years ago, Mahmood Amrollahi, the CEO of Iran…
The Central Bank of Iran can become independent only when its policies remain stable for at least seven to 10 years, suggested a prominent Iranian economist.
The latest 2014 report by the World Steel Association shows Iran is slightly behind its rising growth trend in production of crude steel, despite a significant 50% production growth during the…
Stocks waxed and waned in a mixed session at the Tehran Stock Exchange (TSE) on Monday, after the TEDPIX managed to shift to an uptrend at the end of trading hours to eventually record a flat…
The country is developing new qualitative goals for the auto industry, an official in the ministry of industry, mine, and trade told Mehr News.
More than 41,643,000 tons of cement was produced in the seven months ending October 22, Mehrnews reported. Moreover, 45,024,204 tons of clinker was produced within the same period. The figures…
Nearly 86,400 tons of unwrought aluminum worth $155.1 million was exported in the seven months ending October 22, showing a 26 percent decrease compared to the same period last year, ISNA reported…
Insurance authorities are set to discuss the problems facing the private firms providing supplemental health insurances in the next session of the Supreme Council of Insurance, according to the…
A new report suggests the construction of one of Tehran’s largest residential structures called the Third Millennium Tower has resumed after almost four years of inactivity.
Commercial banking in Iran will continue to grow next year but the growth pace is expected to slow down, according to new forecasts. This will be partly due to inflationary pressure and high…
To maintain communication with the rest of the world, Iran has no other choice but to move on to Internet Protocol version 6 – the latest version of the IP, said the telecom minister on Sunday.
A report on the performance of the insurance market in the first six months of current Iranian year (March 21-September 22) shows a 38 percent increase in insurance premiums, as well as 24 percent…
The ministry of economic affairs and finance has no intention to increase the rate of value added tax (VAT) for next year, according to the president of Iranian National Tax Organization. In a…
A senior Polish official has voiced his country’s readiness to expand cooperation with Iran in the banking sector, FNA reported.
The National Iranian Copper Industries Company (NICIC) has offered various types of copper on the industrial and mining trading floor of the Iran Mercantile Exchange on Sunday, IME’s public…
