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's Qeshm Island Begins Clinker Exports to India
    Qeshm Cement Company has readied a 40,000-ton batch of clinker for export to India, announced Hormoz Amiri, an official with Qeshm Free Zone Organization. “Qeshm Cement Company’s clinker shipment...
  • Inflation Expected to Rise Above 10% Next Year
    Donya-e-Eqtesad Media Group held the Fifth Iranian Economy Overview Conference on Tuesday.  The event was attended by a host of economists and market analysts whose aim was to forecast the Iranian...
  • The rial was traded at 44,740 to the dollar in Tehran on Feb. 27.
    As the crackdown on the foreign exchange black market continues, Tehran's prosecutor announced on Tuesday that so far 1,300 bank accounts belonging to unregulated currency traders have been frozen...
  • Insurers-Capital Market Coop. Could Tame Liquidity
    Cooperation between the insurance industry and capital market could help control the volume of liquidity, whose rise has triggered concerns in recent years, the head of the Central Insurance of...
  • No Buyer for Struggling Steelmaker
    A 45.31% stake in Ahwaz Rolling and Pipe Mills Company offered by the Iranian Privatization Organization on Sunday failed to attract any buyers. The organization put up over 1.7 billion shares...
  • Irrigation Efficiency at 45%
    Irrigation efficiency in Iran has increased from 35% 10 years ago to 45% presently, the head of Soil and Water Research Institute affiliated with the Ministry of Agriculture said. Kambiz Bazargan...
  • Gold Coin  Rally Explained
    Three main reasons were behind the recent gold coin rally, the head of National Gold and Jewelry Union said. Mohammad Keshtiaray also told IBENA that the surge in foreign exchange rates, the end of...
  • CBI Governor Valiollah Seif addressing the 7th Iranian Monetary Policies Conference on Feb. 26 in Tehran. (Photo: Amir Pourmand)
    Iran's economy is bedeviled by a series of major issues arising from decades of mismanagement that has made the banking system bear the brunt as the country's predominant financer, although efforts...
  • Hot-rolled coil was MSC’s main steel production during the period under review with output reaching 3.74 million tons.
    Iran’s largest flat steel producer Mobarakeh Steel Company ended the 11 month of the current fiscal year (Feb. 19) with robust growth in sales value and double-digit upticks in production and sales...
  • About 978 million shares valued at $74.40 million changed hands at TSE on Feb. 26.
    Tehran Stock Exchange’s main index gained 18.31 points or 0.02% to end Monday trade at 98,098.5. About 978 million shares valued at $74.40 million changed hands at TSE for the day. Trading at TSE...
  • FATF decided for a third time to suspend its countermeasures against Iran.
    The Financial Action Task Force finally issued a public statement about Iran on Friday, ending months-long speculations about the fate of a country it has kept on it blacklist for almost a decade...
  • Call for Privatizing Insurance Entity
    The Iran Chamber of Commerce, Industries, Mines and Agriculture has announced its readiness to steer Iran Insurers Syndicate to increase the share of private businesses in an industry suffering...
  • Continued Action to Improve the Situation With FATF
    Following the Financial Action Task Force’s latest decision, Iran’s Ministry of Economic Affairs and Finance issued a statement declaring that while it expected better results, the country will...
  • IME Trade Value at  All-Time High
    Trade value at Iran Mercantile Exchange hit 1.03 quadrillion rials ($23 billion) during the first 11 months of the current fiscal year (March 21-Feb. 19), marking a 39% year-on-year growth and...
  • INSIG Workers to Receive Delayed Payments by March 20
    Iran National Steel Industrial Group’s workers will receive their delayed payments by the end of the current fiscal year (March 20), Majlis representative of Khuzestan Province’s Ahvaz City, Ali...
  • Decoding Iran’s High Savings Trend
    In a sample of 25-odd developing countries that make up acronyms like Next-11, MINT, BRICS, ASEAN, BIMSTEC and CIVETS, Iran at 38% had one of the highest savings rate in 2016.  It had prominent...
  • About 884 million shares valued at $129 million changed hands at TSE on Feb. 25.
    Tehran Stock Exchange’s main index shed 96.63 points or 0.1% to end Sunday trade at 98,080.3. About 884 million shares valued at $129 million changed hands at TSE for the day. Trading at TSE and...
  • Total residential deals registered during the 11 months to Feb. 19 equaled 168,933, which indicate an increase of 12.8% compared with the same period last year.
    The total number of housing deals in Tehran reached 18,400 during the 11th Iranian month to Feb. 19, registering a 17.7% increase compared with the same month of last year, the Central Bank of Iran...
  • Iran-Denmark Trade Tops 11% in 2017
    Iran exported close to €10 million worth of commodities to Denmark in 2017, indicating a 37.7% rise compared with the previous year. Imports of Iran from the European country last year amounted to...
  • Iran aims to export 8 million tons of steel by March 20.
    Iranian steelmakers exported 6.55 million tons of steel during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), posting a 48% year-on-year growth, according to the Iranian...
  • Each Iranian annually goes to the movies 0.3 times on average.
    Although the price of cinema tickets in Iran is among the cheapest in the world, the number of Iranian movie-goers is small compared to many neighboring countries, let alone famous movie-producing...
  • Coated Steel Strip Production Jumps 42% in 10 Months
    Iran’s coated steel strip output reached a record 1.26 million tons in the first 10 months of the Iranian year to Jan. 20, up 42% from the same period of a year earlier, a recent report published...
  • Gold Coin Auctions to Continue
    Despite the fact that gold coin auctions organized by the Central Bank of Iran through Bank Melli’s Bank Kargoshaee were halted on Saturday, the regulator’s director of Office for Banknote Issuance...
  • The emergence of a new market structure, based on the presentation of the periodic statistics of transactions,  has priority over the growth of technology.
    Talking about statistics, almost all economists promptly think of advanced econometric analysis and prediction of nonlinear relations in an uncertain atmosphere or recognition of important...
  • About 1.38 billion shares valued at $129 million changed hands at TSE on Feb. 24.
    Tehran Stock Exchange’s main index gained 19.60 points or 0.02% to end Saturday trade at 98,176.9. About 1.38 billion shares valued at $129 million changed hands at TSE for the day. Trading at...

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