More than 34,000 construction permits were issued by the municipalities across the country in the spring of the current year (March 21- June 21), registering a 45.5 percent decrease compared to…
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.
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The Iran Mercantile Exchange (IME) played host to almost 518,257 tons of various commodities, worth close to 7 trillion rials on the spot market throughout the past week, which ended January 8,…
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The slack domestic market for Iranian cement overseas, which is mainly due to instability in Iraq and insecurity in its borders, has led to an 8.5 percent decline in cement export within the first…
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T he first exclusive exhibition of Italian companies in Iran was held on January 5-8 in Tehran International Permanent Fairground, showcasing dozens of Italian brands mainly in interior design.
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Tehran Stock Exchange (TSE) recorded its longest losing streak within the past couple of years, with the benchmark nose-diving almost 3 percent during the past week, which ended January 7.
…
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The CEO of Iran Insurance Company, Abbas Farashiani, has announced that Tehran ranks first in receiving third party insurance compensations. According to latest statistics available, Razavi…
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The advancement of electronics and information technology in Iran has been rapid in recent years especially in the realm of virtual banking so that the e-banking trend, which started out in the…
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A new business association has been created for Iranian business owners to develop their business skills in local and international markets.
The announcement was made by Mohammad Sadr-…
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High interest rates on loans and the inability of exporters in buying foreign currency at the official exchange rate, which is considerably lower than the market rate, were cited as primary…
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The Central Bank of Iran (CBI) is closely monitoring lenders non-banking activities, said Governor Valiollah Seif.
Many commercial banks have invested heavily in the ownership and…
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Gold coin futures contract for August delivery will be offered form Jan. 11 on the Iran Mercantile Exchange.
Each IME gold coin futures contract is for ten Emami gold coins. Each Emami gold…
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Bureaux de change did not instigate or affect the recent depreciation of the rial, said Hamid Tehranfar, deputy governor of the Central Bank of Iran on Friday.
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A new gold mine has been discovered on the outskirts of the northeastern city of Kashmar, in Khorasan-e Razavi province, IRNA cited the head of the provincial Industry, Mine and Trade Organization…
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Stocks crumpled at Tehran Stock Exchange (TSE) at Wednesday’s close, with the TEDPIX plunging in bear market territory as the majority of the stocks took it on the chin in the face of escalating…
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There is no restriction on the private sector to extract precious metals, excluding uranium, IRNA quoted the head of the Iranian Mines and Mining Industries Development and Renovation Organization…
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Some 255,000 tons of commodities were offered in Iran Mercantile Exchange (IME) on Wednesday, reported IME’s public relations and international affairs.
Around 26,800 tons of bitumen were…
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At least 1.3 million metric tons of iron ore pellets, worth $235.8 million, have been imported during the first nine months of the current Iranian calendar year (to end March 20), indicating a…
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The minister of industry, mine, and trade, Mohammad-Reza Nematzadeh has strongly criticized the current state of mine exploration across the country, describing it as “wasting the country’s…
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The United Arab Emirates will grow faster if Iran reaches a breakthrough in talks with the West as the Arab state has always acted as a gateway for Iranian business, according to a Dubai-based…
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The Central Bank of Iran cannot control the money market because of interference by certain military figures or firms, the parliamentary news agency ICANA reported on Wednesday.
Many…
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In the absence of an integrated system to regulate the forex market, the Iranian policy makers have always faced a challenge to have access to precise and updated information on exchange rates.…
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Iranian lawmakers have passed a proposal that would require the Central Bank of Iran (CBI) help provide financing for the cash flow problem facing industrial, mining, agricultural, and…
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Bank of Industry and Mine has allocated 2 trillion rials ($740 million at official exchange rate) in loans for the development of deprived regions, IRNA reported. The low-interest loans have…
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Bimeh Markazi of the Central Insurance issued a warning on Wednesday against unauthorized insurance firms. The regulator noted that “certain individuals have established firms under fake title…
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Iran has 60 billion metric tons of mineral reserves, out of which 37 billion metric tons are proven reserves and the remaining are probable mineral reserves. Currently, Iran extracts only about…
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