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.
October 20, 2020 22:14
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October 20,2020Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran. -
October 19,2020Tehran stocks dived deeper on Monday extending a losing streak into the fifth session amid relentless sell-off of shares by investors in panic. Losing 51,989 points, or 3.43%, the benchmark of... -
October 19,2020Currency rates retreated further from historic highs on Monday as the Central Bank of Iran intensified efforts to intervene in the chaotic market. Gold saw a similar fate. The US dollar dropped to... -
October 19,2020The Central Bank of Iran says it has conducted the first repurchase agreement (repo) operation to implement the open market operation to regulate interbank interest rates. Repo is a form of... -
October 18,2020Stocks in major listed companies closed Sunday’s session under heavy sell-off pressure amid mounting uncertainty among investors about what lies ahead. The main index of Tehran Stock Exchange,... -
October 18,2020Gold and dollar prices declined on Sunday after posting new highs a day earlier. The half Azadi coin lost 5.82% or 5 million rials to be sold for 86 million rials. The quarter Azadi coin also lost... -
October 18,2020The insurance industry's total premium is expected to fall short of expectations in the current Iranian fiscal year, largely due to the ruinous Covid-19, rising inflation and forex rates at... -
October 17,2020In a report on macroeconomic variables, the Central Bank of Iran said soaring foreign exchange rates could buck the declining trend of inflation in the coming months. Tracking inflation in the... -
October 17,2020The US dollar jumped to an all-time high of 320,000 rials on Thursday, despite the central bank’s move to inject currency in the forever rising market. The dollar finished the week at 320,000... -
October 17,2020The Ministry of Economy says that the capital market has expanded its role in contributing to the economy thanks to the share market and rise in the number of investors. Businesses and listed... -
October 14,2020Tehran stocks closed the last day of trading week Wednesday in the red amid mounting selloff pressure. The main index of Tehran Stock Exchange, TEDPIX, lost 18,259 points, declining 1.16% to... -
October 14,2020Data from recent weekly bond auctions show increasing aversion of investors to buy bonds offered by the government, apparently due to the low returns compared to parallel markets. Struggling to... -
October 14,2020The Central Bank of Iran hopes it would be able to ease the unprecedented pressure on the currency market after billions in assets are unlocked overseas. Speaking on the sidelines of a Cabinet... -
October 13,2020The government will maintain the policy of selling its shares in state-owned companies via the bourse. Addressing economic and bank officials at a Cabinet meeting on Tuesday, President Hassan... -
October 13,2020Financial markets in Tehran on Tuesday had an uneventful session after a highly volatile day a session earlier. Major share indices, forex and gold prices were near the flat-line for the day.... -
October 12,2020Taking stock of the extended volatility in Iran’s financial markets, the Majlis Research Center examined the root causes and offered some potential solutions. In the view of the parliamentary...
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October 12,2020An agreement was reached between the Central Bank of Iran, Central Bank of Iraq and the Trade Bank of Iraq to unfreeze Iran's financial assets in the neighboring country. Abdolnasser Hemmati, the... -
October 12,2020After gains a session earlier, the main index of Tehran stocks closed Monday trade in negative territory despite increase in trade value. The benchmark of Tehran Stock Exchange, TEDPIX, shed 17,...
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October 12,2020Struggling to bring some semblance of stability to the turmoil gripping the currency market, the Central Bank of Iran said it was again pumping cash to stabilize the situation. In a press release...
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October 11,2020Tehran stocks reported the highest daily growth on Sunday since late August fueled by spike in foreign currency rates and renewed demand from retailers. After a lukewarm market on Saturday, the... -
October 11,2020Coming on the heels of the chaotic forex market, gold prices shot up in Iran on Sunday as the Emami gold reached 161 million rials, rising 5.5 million rials or 3.41% in one day. It was the... -
October 11,2020Shaparak, the main payment settlement network in Iran, processed 2.92 billion transactions worth 4,875.12 trillion rials ($16.25 billion) in the last calendar month to Sept. 21. Compared to the... -
October 11,2020The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency. In the open market the dollar was quoted at 312,000... -
October 10,2020Tehran stocks opened trading week on Saturday amid a lukewarm reception of blue chips and relatively high demand for shares of smaller companies. The market-cap weighted index of Tehran Stock... -
October 10,2020The total value of bad checks reached 190 trillion rials ($655 million) by the end of the month to August 21, down 2.6% on a monthly basis and the number dropped by 9.2%. A total of 794,000 checks...
