Business And Markets

Mouteh Gold Mine produced 295 kilograms of gold bars in the 10 months to January 19, registering a 45% growth compared with last year’s corresponding period. The mine’s output for the Iranian…

Iranian steel mills produced 1.52 million tons of crude steel in January, registering an 11.3% growth compared with last year’s similar month. 

By coming into line with the Central Bank of Iran’s attempts to implement IFRS standards, the Iranian banking sector’s structural issues have delivered a painful blow to investors on equity…

Tehran Stock Exchange’s main index gained 47 points or 0.06% to end Wednesday trade at 77,847.2.

About 1.2 billion shares valued at $55.7 million changed hands for the day.

Bahonar…

A new directive concerning direct tax regulations has been issued, which enables the Iran National Tax Administration to identify taxpayers and their incomes, announced an official with INTA. “The…

Bank Mellat has released its first financial projections for the next Iranian fiscal year on earnings per share and total revenue.

Shaparak, Iran’s nationwide payment network, processed 1.09 million successful transactions worth 1,258 trillion rials ($32 billion) during the month ending January 19, marking a 30% growth in…

The Central Bank of Iran has denied recent reports that put the interbank lending rate at 26%, stressing that its average is considerably lower.

"The average for interbank rates stands at…

Iranian private steelmakers produced 3.42 million tons of crude steel during the 10 months to January 19, registering a 45% rise compared with last year’s corresponding period, Iran Steel…

Iran Steel Producers Association has voiced its opposition to plans to reduce import tariffs on a number of steel products in an open letter to the First Vice President Es’haq Jahangiri last week…

Two trillion rials (about $54.5 million) worth of contraband were confiscated by the Islamic Republic of Iran Customs Administration during the 11 months to February 18, registering a 56% rise…

Tehran Stock Exchange’s main index gained 102.00 points or 0.13% to end Tuesday trade at 77,800.2.

About 2.3 billion shares valued at $87.2 million changed hands for the day.

Bafgh…

Bank Melli Iran and the Central Bank of Russia have agreed to revitalize cooperation to support the two countries’ trade ties.

During a meeting with Dmitry Skobelkin, the deputy governor of…

A number of provisions in a revised law pertaining to motor insurance will ensure that premiums will be set fairly by considering criteria such as driving records, announced the head of the…

The exponential growth of fintech startups in Iran, along with financial and technical services provided by various domestic entities, has placed Iran on the path to become a regional fintech hub…

Tehran Chamber of Commerce, Industries, Mines and Agriculture is to host a high-ranking Slovak delegation on March7, 2017, to pursue the development of financial trade and ease banking relations…

Since three years ago, the Central Bank of Iran has endeavored to simplify the process of establishing foreign banks in free trade zones in line with economic policies, the secretary-general of…

The government will grant 800 billion rials (over $21 million) in aid to farmers whose orchards were damaged in Mazandaran by frost last November, the head of the northern Iranian province’s…

Iran has hired an attorney and plans to fight the European Steel Association’s allegations that the country is engaging in dumping practices in the continent, according to deputy minister of…

After the decision of the government to go for a long-term lease plan instead of privatizing Pakistan Steel Mill, an Iranian firm and some other local companies finally agreed to get the mill on…

Tehran Stock Exchange’s main index gained just 39.60 points or 0.05% to end Monday trade at 77,698.2.

About 650 million shares valued at $42.2 million changed hands for the day.

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A member of Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the government’s measure to revaluate the Central Bank of Iran’s foreign exchange assets to increase the…

The Central Bank of Iran has managed to control foreign exchange rates and promote a relative stability in the forex market despite a turbulent season that saw the rial drop to historic lows…

Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas Field.

Tehran Stock Exchange’s main index gained 59.50 points or 0.08% to end Sunday trade at 77,658.6.

About 712 million shares valued at $40 million changed hands for the day.

Azarbaijan…