Last year was bleak for shareholders in Tehran. Risk aversion was high. Money sipped away from the equity markets as banks soaked up deposits. Heavyweight industries in the Tehran stock Exchange,…
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.
Iran Insurance Company (IIC) will increase the compensation payment ceiling for Compulsory Motor Third Party Liability Insurance (CMTPL) to 2.2 billion rials ($78,000 at official exchange rate)…
The Tehran Stock Exchange (TSE) overall index lost steam Tuesday amid skeptical sentiments and overreactions.
A report released by the International Monetary Fund (IMF) this week showed a growing interest in Islamic banking among the lenders, which is expanding in much of the world. Last October,…
The Iran Alloy Steel Company (IASCO) produced more than 419,000 metric tons of alloy steel in the Iranian calendar year 1393 (ended March 20), indicating 8% growth compared to the previous year,…
Ilam Cement Company exported more than 1 million metric tons of cement during the past Iranian calendar year (ended march 20), IRNA reported. A company official, Hassan sabbagh-Bigdeli spoke of…
The ceiling for payment via debit cards has been limited to 500 million rials ($15,300 at market exchange rate) by the Central Bank of Iran, apparently to counter rising financial crime. A…
State-owned banks have jointly sent a letter to the Central Bank of Iran (CBI) calling for an official decision about cuts in interest rates, said a senior banking official on Monday.
The…
Last week’s nuclear agreement between Iran and the major powers will create an enabling environment for the banking operations in the next three months, a banker has predicted.
“Banks…
Three new insurance companies are set to start operating in the year that started March 21, said Mohammad Ebrahim Amin, director of Central Insurance of Iran (CII), the primary insurance regulator…
As hot debates over Iran’s post-sanction economy continue a university lecturer has speculated that the US dollar may plunge further to as low as 26,000 rials because supply seems to be increasing…
The industry and mining sectors managed to attract more than 907 trillion rials of banking facilities during the first 11 months of the past Iranian year (ended March 20), based on a report issued…
Around 18,216 tons of various polymers from local petrochemical complexes were offered in a bustling day in Iran Mercantile Exchange’s oil and petrochemical trading floor on Monday, IME’s public…
Vast exploration operations have resulted in the discovery of more than 250 million metric tons of iron ore reserves as well as 150 million tons of coal; Fooladnews cited chairman of the Iranian…
The head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) says a “comprehensive coal plan” will be formulated in the current Iranian calendar year (started…
The chinaware industry in Iran is experiencing hard times as almost 60 percent of active chinaware manufacturing units have been forced to close down in recent years due to decline in demand in…
German companies are hoping to win billions of euros worth of business from Iran after world powers reached a preliminary nuclear accord with Tehran, and Germany’s engineering body urged banks to…
The framework agreement between Iran and five permanent members of the UN Security Council plus Germany (P5+1) will take time to finalize, and the sanctions will roll back in due course, but…
Banks will have to engage in more widespread activities and prepare for a more effective presence on an international scale, said Central Bank of Iran’s (CBI) governor Valiollah Seif.
His…
Higher offtake of goods from the United Arab Emirates to Iran will depend on the stance of UAE banks on opening letters of credit, say trade sources, as last week nuclear deal between Iran and…
Close to 8,400 tons of bitumen 6070, as well as 480 tons of roof insulation were offered on the export trading floor of Iran Mercantile Exchange (IME) on Sunday.
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) says it is expanding exploration operations of mines into the western regions of the country, Tasnim news…
M obile applications or in other words “mobile apps” have become so integrated in the day to day lives of smartphone and tablet computer users that it’s becoming increasingly difficult to imagine…
Huge gains at the Tehran Stock Exchange (TSE), once again were accompanied by spectacular surge of indices, with the TEDPIX soaring more than 2,400 points at Sunday's close, which is a record high…
Car import tariffs in the new Iranian calendar year (started march 21) will remain unchanged, said Abbas Hosseini, an official at the industry ministry. He said just like last year, import tariffs…
