The western Kurdistan Province accounts for 10 percent of Iran’s gold mine reserves, Mehr News Agency quoted head of Kurdistan’s Industry, Mine and Trade Organization, Mohammad Dare Vazami, as…
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.
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The shoe industry in Iran is one of the most neglected sectors of the economy, to the extent that official data about the sector are hard to come by.
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The chief executive officer of Dana Insurance Company on Tuesday announced the insurer’s objectives for the fiscal year that started March 21, while reviewing the private firm’s achievements in…
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After protests by shareholders in front of the Tehran Stock Exchange on Hafez Street and nasty comments about stock manipulation and insider trading in the social media, the government has stepped…
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Minister of Economy Ali Tayebnia said on Tuesday that Iran has signed six anti-money laundering pacts with foreign nations to boost experience and knowledge-sharing between states.
Tayebnia…
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The governor of the Central Bank of Iran has reacted to reports that his bank is deeply involved in the currency market, saying that the CBI only intends to help avoid shocks. “Fluctuations in the…
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Price swings in Tehran Stock Exchange besides low trade volume and value were accompanied by further retreat of the benchmark on Wednesday trading, with most of the indices settling in red.
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Close to 200,000 tons of granulated iron ore, with the base price of $15 per ton, were offered by Sangan Iron Ore Complex on Iran Mercantile Exchange's (IME) export trading floor on Wednesday, IME…
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Breakfast cereals are many people's choice as the first meal of the day. It is eaten hot or cold, usually mixed with milk and sometimes yogurt or fruit. Apart from satisfying the…
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According to the ministry of industry, mine and trade, Iran Alumina Company – as the sole producer of alumina in the country – plans to accelerate its exploration operations to discover new…
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The prospect of Iran’s capital market liberalization and integration into global financial markets in the post-sanctions era was reviewed by Islamic finance specialist, Hassan Daher in a…
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A new private sector facility to produce oxidized bitumen was inaugurated by Minister of Cooperatives, Labor and Social Welfare, Ali Rabiei, in the southwestern city of Abadan which will increase…
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Hossein Abdoh Tabrizi, former secretary-general of the Securities and Exchange Organization, said many banks are window dressing their financial statements and have reported false earnings during…
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A two-day conference to discuss monetary and exchange rate policies will take place from May 31 until June 1 in Tehran. Farhad Nili, the head of Money and Credit Council, said the 25th annual…
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T he nuisance value of unauthorized institutions is prompting monetary officials, who seem bent on organizing them, to keep the heat on the illegal firms.
Peyman Ghorbani, vice governor of…
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After two years of shady operations, the Capital Market Development Mutual Fund’s (CMDMF) website has started its test run in a bid to change its image, the chief executive of Iran Financial…
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A central bank official said financial authorities have been on the horns of dilemma as to how to respond to conditions since March last year, when inflation fell considerably but interest rates…
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Three major copper mines extracted more than 12 million tons of copper ore during the first month of the current Iranian year, (started March 21), Eghtesad-News reported.
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The Iran Mercantile Exchange’s agricultural trading floor played host to close to 5,500 tons of durum wheat, 1,200 tons of white sugar and 645 tons of rice supplied by local farmers as well as 700…
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The history of drinking coffee in Iran goes back to the ninth century AD when the Sufis used the drink to help them stay up for overnight rituals. The drink became very popular in Safavid era in…
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Unsettled investors keep shrugging off the massive devaluation and the record low Price Earnings, exacerbating recent routs at Tehran Stock Exchange.
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A number of Japanese steel companies have shown interest in building steel plants near the port city of Chabahar in Sistan and Baluchestan Province, IRNA reported on Monday.
The requests…
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According to head of Industry, Mine, and Trade Organization in East Azarbaijan Province, Hossein Nejati, the crude steel output in the province would increase to 21 million tons from the current 6…
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The Central Bank of Iran announced on Monday that commercial banks are allowed to engage in mass building projects if they use savings, rather than their internal resources, to fund them.
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The spokesman of the economic committee of the parliament, Rahim Zare’, announced that a motion on usury-free banking was approved Sunday on the floor, a move that would limit usury banking…
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