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.

  • CBI Import Allocations Rise on Growing Banking Ties
    The Central Bank of Iran allocated $48 billion in hard currency for imports during the last fiscal year that ended on March 20, 2018, according to its governor, who put it down to new openings in...
  • The US dollar was traded for as high as about 57,000 rials in Tehran’s market on Sunday.
    Foreign exchange rates continued to surge in Tehran's market amid confusion about the causes of the rally, as both Economy Minister Masoud Karbasian and Governor of the Central Bank of Iran...
  • Mining Royalties Rise 88%
    Iranian miners paid 6.74 trillion rials ($134.87 million) in mining royalties to the government during the first 11 months of the last fiscal year (March 21, 2017-Feb. 19), indicating an 88.1%...
  • About 794 million shares valued at $32.70 million changed hands at TSE on April 8.
    Tehran Stock Exchange’s main index lost 438.53 points or 0.45% to end Sunday trade at 96,341.3. About 794 million shares valued at $32.70 million changed hands at TSE for the day. Trading at TSE...
  • Payment Transaction Fees a Challenge for Banking System
    As the new fiscal year started on March 21 and the banking system expects major reforms, the issue of payment services’ fees poses a huge challenge to the electronic banking sector. At present,...
  • No More Cheap Currency for Students
    The Central Bank of Iran has eliminated another use of foreign currencies at official rates, announcing through a directive that as of the beginning of the current fiscal year on March 21, students...
  • Manfa’a Sukuk: A Novel, Transparent Debt Instrument
    Sustainable economic growth policies are often a broad spectrum in setting macroeconomic adjustments and maintaining the progressive trend without transferring the pressure or burdens for future...
  • On Saturday, rial was traded at 51,210 to the dollar.
    With the US dollar's exchange rate remaining above the psychological threshold of 50,000 rials in Tehran's market, lawmakers frustrated with the performance of the Central Bank of Iran in managing...
  • The EU should improve the financing conditions for European businesses in Iran and shield the most important economic contracts with Iran from the effects of US sanctions.
    As the future of the Iran nuclear deal looks increasingly uncertain, European diplomats are hard...
  • Block Sale of Investment Firm  on April 11
    Atieh Damavand Investment Company is planning to sell an 8% stake in Insurance Industry Investment Company worth over 180 billion rials ($3.6 million) on April 11.  The block share is made up of...
  • On the domestic front, 371,000 takeoffs and landings were registered as more than 44.28 million passengers and 325,000 tons of goods were transported domestically.
    Iran Airports Company registered 455,613 takeoffs and landings in the last Iranian year (ended March 20, 2018), which registers an 8% rise compared with the year before, the Ministry of Roads and...
  • Rapid Economic Turnaround Predicted
    Iran has been experiencing volatility in its foreign exchange and gold markets in the past few months, but the minister of economic affairs and finance has vowed that this is only temporary and the...
  • New Import Measures Outlined
    The Central Bank of Iran has released new details about its decision to impose forex exchange controls on imports from Turkey, China, South Korea and India. According to a statement published on...
  • About 646 million shares valued at $27.66 million changed hands at TSE on April 7.
    Tehran Stock Exchange’s main index lost 370.63 points or 0.38% to end Saturday trade at 96,779.9. About 646 million shares valued at $27.66 million changed hands at TSE for the day. Trading at...
  • ‘Iran Green Trade Fair’ Next Week
    The third edition of ‘Iran Green Trade Fair’, also known as IGTF 2018, is scheduled to open on April 19. Tens of domestic and foreign companies will have the opportunity to showcase their latest...
  • CBI Elaborates on E-Wallet Fintechs
    Ahead of the publication of the latest regulatory framework by the Central Bank of Iran for fintechs operating electronic wallets and account management facilities, the regulators’ deputy for...
  • Nuts, Dried Fruit Exports Earn $2b
    Close to $2 billion worth of nuts and dried fruit were exported from Iran in the last Iranian year (March 2017-18), registering a 9% decrease compared with the corresponding period of the year...
  • Iran, Qatar Boosting Economic Cooperation
    Mohammed bin Ahmed bin Towar Al Kuwari, vice chairman of Qatar Chamber of Commerce and Industry, met...  
  • Oberbank in mid-September became the first European bank to clinch a finance agreement with Iranian lenders following the implementation of the nuclear deal.
    The Central Bank of Iran announced that its finance deal with Austria's Oberbank has not been halted after a report suggesting otherwise emerged in the past few days. "As Austria's ambassador to...
  • Gold Coin Auctions, Presales to Resume
    The Central Bank of Iran is to resume its auction and presale of gold coins as of Saturday. According to IBENA, a news website affiliated with the regulator, CBI had launched the two schemes during...
  • Tehran Stocks Held Back by New Year Slumber, Political Risks
    Iranian exporters of semi-finished steel products returned to the market after the Iranian New Year holidays late last month with price reductions that followed the trend in the wider global...
  • The government had promised to cut down flat steel import tariffs since February 2017.
    The government has finally dialed down import duties on various types of flat steel, despite objections by producers and even government bodies such as Iranian Mines and Mining Industries...
  • Semis Export Prices Drop on Downtrend in Global Market
    Iranian exporters of semi-finished steel products returned to the market after the Iranian New Year...
  • Rial slid to an all-time low against the American currency in the early days of the current year.
    Institute for Trade Studies and Research, the think tank of the Ministry of Industries, Mining and Trade, concluded in a recent report that longstanding policies practiced by consecutive...
  • Stefan Ingves (C) on April 4 met with his Iranian counterpart at the  Central Bank of Iran headquarters in Tehran.
    Iran is yet to fully regain its status in the global banking industry following the implementation of the 2015 nuclear deal that provided sanctions relief, and in case of Sweden, it hopes that...

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