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.

New General Insurance Company Makes Debut
New General Insurance Company Makes Debut
Business And Markets
New General Insurance Company Makes Debut
July 21, 2023 18:51
  • Fate of Iran’s Airplane Orders in European Hands
    Fate of Iran’s Airplane Orders in European Hands
    Economy
    Fate of Iran’s Airplane Orders in European Hands
    May 04,2018
    The fate of Iran Air’s post-sanctions contracts with western planemakers depends on European’s reaction to US President Donald Trump’s expected decision to leave the 2016 nuclear deal, an advisor...
  • The logo of the new Joon lower-cost airline is pictured on a plane scale model during a news conference in Paris, France, on Sept. 25, 2017. (File Photo)
    The logo of the new Joon lower-cost airline is pictured on a plane scale model during a news conference in Paris, France, on Sept. 25, 2017. (File Photo)
    Economy
    Air France Cuts Back on Iran Flights
    May 04,2018
    Air France is cutting its Joon subsidiary’s service between Paris and Tehran to the summer...
  • Forex Lenders Expand
    Forex Lenders Expand
    Economy
    Forex Lenders Expand
    May 04,2018
    The Central Bank of Iran has allowed Tejarat, Parsian and Mellat banks to join their peers Melli and Saman in operating as the authorized lenders of hard currency to importers, outbound tourists...
  • Metal Bulletin’s weekly price assessment for Iranian billet exports was $480-500 per ton FOB on May 2, against $495-505 per ton FOB a week earlier.
    Metal Bulletin’s weekly price assessment for Iranian billet exports was $480-500 per ton FOB on May 2, against $495-505 per ton FOB a week earlier.
    Economy
    Export Billet, Slab Prices Drop on Market Instability
    May 04,2018
    Prices for Iranian steel billet and slab exports decreased in the week that ended on May 2, with...
  • Iran Mall Hosts CIDEX 2018
    Iran Mall Hosts CIDEX 2018
    Economy
    Iran Mall Hosts CIDEX 2018
    May 04,2018
    The inauguration of First Construction Industry Development Exhibition (CIDEX 2018) on May 1 coincided with the launch of the first phase of Iran Mall, an all-Iranian monumental project slated to...
  • Over 2.35 billion shares valued at $144.6 million were traded on TSE last week, registering a 42% and 36% decline compared to the week before.
    Over 2.35 billion shares valued at $144.6 million were traded on TSE last week, registering a 42% and 36% decline compared to the week before.
    Economy
    Equity Traders Show Bear Market Signs
    May 04,2018
    Uncertainty is in the air these days for Iran’s financial markets, especially stocks.  Recent upheavals in the foreign exchange market, coupled with the looming political risks, have all but...
  • Tourism Bank Returns to IFB
    Tourism Bank Returns to IFB
    Economy
    Tourism Bank Returns to IFB
    May 04,2018
    After an 18-month hiatus, Tourism Bank returned to trading on Iran Fara Bourse on Tuesday, making it the first IFB-listed lender to unfreeze its shares in the current fiscal year (started March 21...
  • Iranians placed a lot more bets on gold in the first quarter of 2018.
    Iranians placed a lot more bets on gold in the first quarter of 2018.
    Economy
    Iran Gold Demand at 3-Year High in Q1
    May 04,2018
    Iran's gold demand more than tripled in the first quarter of 2018 while Saudi Arabia's dropped 15%, data released by the World Gold Council show.  Iranians placed a lot more bets on gold in the...
  • Telecoms Giant MTN Faces Profit Repatriation Problem
    Telecoms Giant MTN Faces Profit Repatriation Problem
    Economy
    Telecoms Giant MTN Faces Profit Repatriation Problem
    May 04,2018
    South Africa-based multinational mobile telecommunications company MTN faces the risk of...
  • Foreign Insurance Dealings in Euro
    Foreign Insurance Dealings in Euro
    Economy
    Foreign Insurance Dealings in Euro
    May 04,2018
    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...
  • Iran’s low level of public external debt is an important rating strength.
    Iran’s low level of public external debt is an important rating strength.
    Economy
    CI Affirms Iran’s Sovereign Ratings
    May 02,2018
    Capital Intelligence Ratings (CI Ratings), the international credit rating agency, has announced that it has affirmed Iran's Long-Term Foreign and Local Currency Sovereign Ratings at 'BB-' and its...
  • Iran had a total of 12.42 million wage-earning workers during the fiscal 2016-17, 70% of whom operated in the private sector.
    Iran had a total of 12.42 million wage-earning workers during the fiscal 2016-17, 70% of whom operated in the private sector.
    Economy
    Public Employees Earn More as Private Workers Dominate Market
    May 02,2018
    Most Iranian breadwinners are working in the private sector, even though those engaged in the public sector work tend to earn more and are placed in higher income deciles. However, households with...
  • Mellat Insurance Company is Iran’s first private insurance entity.
    Mellat Insurance Company is Iran’s first private insurance entity.
    Economy
    Mellat Signs Reinsurance Deal With Munich Re
    May 02,2018
    Mellat Insurance Company, affiliated with Bank Mellat, has signed a contract with Munich Re, the biggest reinsurance company in the world, based on which the German firm will cover the entire life...
  • IRALCO’s shares at TSE grew 26.9% from April 16 to May 1.
    IRALCO’s shares at TSE grew 26.9% from April 16 to May 1.
    Economy
    IRALCO Prospects Brighten After US Sanctions on Russian Producer Rusal
    May 02,2018
    In market disruptions, one’s loss is usually another’s gain. This was particularly true for the aluminum market in April. Carnage was unleashed on April 6 by the imposition of United States’...
  • Industry PPI Inflation at 15.5%
    Industry PPI Inflation at 15.5%
    Economy
    Iran's Industry PPI Inflation at 15.5%
    May 02,2018
    Producer Price Index for the industrial sector in the four quarters ending March 20, 2018, which marks the end of winter, increased by 15.5% compared with the same period of last year, according to...
  • Construction Permits Increase
    Construction Permits Increase
    Economy
    Construction Permits Increase
    May 02,2018
    The number of permits issued for the construction of residential units both across Iran and in Tehran registered increases during the third quarter of the previous fiscal year to Dec. 21, 2017,...
  • About 625 million shares valued at $35.42 million changed hands at TSE on May 1.
    About 625 million shares valued at $35.42 million changed hands at TSE on May 1.
    Economy
    TEDPIX, IFX Gain Traction
    May 02,2018
    Tehran Stock Exchange’s main index gained 0.04 points on Tuesday compared to the day before to end trade at 93,612.1. About 625 million shares valued at $35.42 million changed hands at TSE for the...
  • Iranian mills offered May-June output billet at $500-510 per ton FOB, although bids came in at $495-500 per ton FOB.
    Iranian mills offered May-June output billet at $500-510 per ton FOB, although bids came in at $495-500 per ton FOB.
    Economy
    Billet Export Prices Flat Over Slow Buying Activity
    May 02,2018
    In Iran, export prices for steel billet remained unchanged in the week that ended April 25, as buying activity slowed.  
  • Banking Merger Imminent
    Banking Merger Imminent
    Economy
    Banking Merger Imminent
    May 02,2018
    Reports suggest that the planned merger of two lenders, namely Mehr Eqtesad Bank and Samen Credit Institution, with Ansar Bank will take place in the coming days. According to ISNA, Samen and Mehr...
  • Isfahan Hosts Int’l Stone Expo
    Isfahan Hosts Int’l Stone Expo
    Economy
    Isfahan Hosts Int’l Stone Expo
    April 30,2018
    The 14th International Exhibition of Stone, Quarries & Related Industries opened in Isfahan Province on Monday. The five-day event will witness local and foreign companies showcase their latest...
  • SSIC Subsidiary to Sell Stake in Mobarakeh Steel
    SSIC Subsidiary to Sell Stake in Mobarakeh Steel
    Economy
    SSIC Subsidiary to Sell Stake in Mobarakeh Steel
    April 30,2018
    A 4.06% stake in Iran’s largest steelmaker Mobarakeh Steel Company has been scheduled to be sold by Saba Tamin Investment Company on May 5. The sale comprises 3.04 billion shares with a base price...
  • Yazd: Tile, Ceramic Production Hub of Iran
    Yazd: Tile, Ceramic Production Hub of Iran
    Economy
    Yazd: Tile, Ceramic Production Hub of Iran
    April 30,2018
    Producing half of the 550 million square meters per year of the domestic output of tiles and ceramics, Yazd Province is the production hub of these products in Iran, the deputy head of Iran’s Tiles...
  • Seif: Currency Volatility Not Linked to Past Banking Woes
    Seif: Currency Volatility Not Linked to Past Banking Woes
    Economy
    Seif: Currency Volatility Not Linked to Past Banking Woes
    April 30,2018
    The governor of the Central Bank of Iran has decried analyses linking the recent volatility in the foreign exchange market to past woes besetting the banking system.  Valiollah Seif wrote on his...
  • The first phase of Tehran’s ambitious Iran Mall project is slated for first launch on May 1.
    The first phase of Tehran’s ambitious Iran Mall project is slated for first launch on May 1.
    Business And Markets
    Iran Mall’s 1st Phase Takes Off
    April 30,2018
    Iran Mall, an all-Iranian monumental project slated to be one of the world's top five commercial and cultural complexes and the biggest in the Middle East, is to have its first of the two phases...
  • Last year’s IPOs barely boosted the average market float, partly due to the fact that most of their buyers were large-cap institutional investors.
    Last year’s IPOs barely boosted the average market float, partly due to the fact that most of their buyers were large-cap institutional investors.
    Economy
    Tehran Stocks’ Average Free Float at 20 Percent
    April 30,2018
    Companies listed on Tehran's equity market had an average free float of slightly over 20% in the last fiscal year (March 2017-18), according to the latest market data released by Securities and...

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