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.

  • Special Committees Reimbursing Depositors of Shadow Banks
    Four special committees are pursuing the liquidation of the last remaining illegal credit institutions and their main task is to identify the assets of these entities for auction, a deputy Majlis...
  • Port Service Rates Moderated
    Ports and Maritime Organization of Iran has moderated prices for the port services it offers as of May 5, the deputy head of the organization said. “PMO’s approach is to ensure high throughput...
  • Iranian Investors Urged to Consider Iraq as Profitable Option
    Iran’s commercial attaché to Iraq, Nasser Behzad believes many economic players who are interested in making investments and conducting business activities outside Iran do not have accurate...
  • Croatian Minister of Economy Martina Dalic (L) met with CBI Governor  Valiollah Seif (2nd R) in Tehran on May 6. 
    Croatian Minister of Economy Martina Dalic called for closer cooperation to facilitate banking ties with Iran, describing them as critical to the expansion of bilateral trade. "Banking and...
  • Majlis Amends AML/CFT Laws to Satisfy FATF
    Iranian lawmakers on Tuesday came one step closer to fulfilling deficiencies in the country's action plan with the Financial Action Task Force, and passed amendment bills to the existing Law of...
  • New President  at IFSB
    Bangladesh Bank Governor Fazle Kabir has been elected the rotating president of Islamic Financial...
  • Airbus has delivered only three of the 100 planes Iran has ordered from the European airline consortium.
    From airplanes to oilfields, billions of dollars are on the line for international corporations, as...
  • Investment Guarantees for SMEs Register 28% Growth
    Iran’s small- and medium-sized enterprises saw a 28% year-on-year increase in the value of investment...
  • Iranians’ Crypto Purchases Surpass $2.5 Billion
    Iran has so far witnessed a capital flight exceeding $2.5 billion in the form of cryptocurrency purchases, the head of Majlis Economic Commission said. “Despite the fact that a minority of the...
  • New Check-Processing System Postponed
    The Central Bank of Iran has delayed until September the implementation of a new scheme to streamline its check-processing system to give banks more time to adapt, a central bank official said....
  • About 1.1 billion shares valued at $84.1 million changed hands at TSE on May 6.
    Tehran Stock Exchange’s main index lost 250.67 points or 0.27% on Sunday compared to the day before to end trade at 92,849.9. About 1.1 billion shares valued at $84.1 million changed hands at TSE...
  • Two Steel Projects  Inaugurated in N.E.
    Two iron ore processing plants were inaugurated on Sunday in a ceremony attended by President Hassan Rouhani and Minister of Industries, Mining and Trade Mohammad Shariatmadari. The projects...
  • Housing Sector Recovery Linked  to Ancillary Factors
    The Ministry of Roads and Urban Development is upbeat about buttressing the signs of recovery in Iran’s housing sector during the current fiscal year (started March 21), but also concedes that...
  • The decision to unify the dollar’s exchange rate at 42,000 rials was made in the wake of a sharp slide in rial’s value.
    The government is committed to meeting all hard currency needs, including the ones that exceed the current caps devised in the wake of the foreign exchange rate unification implemented last month,...
  • Currently, a total of 461 types of securities are being traded on Iran’s capital market, 390 of which are shares in companies and investment funds.
    Most share prices have dropped to record lows, but fears of US sanctions snapping back and a discontent with foreign exchange rates seem to keep traders rooted in place. Currently, a total of 461...
  • TSE Reopens 39 Shares, Closes 29 in 1 Month
    Tehran Stock Exchange reopened 39 frozen stock tickers and barred 29 others from trade during the first month of the current fiscal year (March 21-April 20), according to the latest TSE data.  The...
  • Top government officials and private sector players convened at Donya-e-Eqtesad’s headquarters in Tehran on Saturday to discuss the conference’s objectives and scopes. (Photo: Amir Pourmand)
    Donya-e-Eqtesad Media Group, the Financial Tribune's parent company, is planning to hold a conference on Iran's non-ferrous metals industries by late August, encompassing sectors such as copper,...
  • About 3.6 billion shares valued at $239.66 million changed hands at TSE on May 5.
    Tehran Stock Exchange’s main index lost 511.43 points or 0.55% on Saturday compared to the day before to end trade at 93,100.7. About 3.6 billion shares valued at $239.66 million changed hands at...
  • The IMF estimates gross official foreign exchange reserves at a high $111.7 billion in 2017.
    Capital Intelligence Ratings (CI Ratings), the international credit rating agency, said Iran’s current account surplus is expected to have increased to 4.5% of GDP in 2017, which was 4% in 2016...
  • Most Iranian Mines Lack Safety Facilities
    Over 87% of Iranian mines lack standard safety, health and environmental facilities, according to an official report published by the Ministry of Cooperatives, Labor and Social Welfare. Surveying...
  • Exchange-Listed Firms’ Capital Raising Expands 44.5 Percent
    Publicly-traded companies on Tehran Stock Exchange and Iran Fara Bourse had a total of 9.6 trillion rials ($237.3 million) added to their share capitals during the first month of the current fiscal...
  • About 49.3 billion cigarettes were produced in Iran during the last fiscal year (March 2017-18), registering a 10% rise compared with the year before.
    Iranian Tobacco Company has signed a memorandum of understanding with Pishgaman Pakhsh Arman Gostar Company as the representative of Philip Morris International to import and jointly produce...
  • CII Ready to Promote Cyber Insurance
    The Central Insurance of Iran, the industry’s regulator, welcomes offers by Iranian insurers to provide coverage against cyber assaults, CII’s president said. “The insurance industry considers any...
  • Gold Coin Surges
    As the price of all gold coins continued to rise in Tehran’s market, the Central Bank of Iran...
  • Foreign Insurance Dealings in Euro
    Iran is determined to sideline the US dollar in its financial dealings for the past few years and the country’s insurance industry is no exemption, as it has emphasized a shift toward euro both on...

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