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.
September 18, 2021 21:45
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September 18,2021Tehran share market opened the trading week on Saturday under sell-side pressure, registering the third biggest loss in the past six months. The main index of the Tehran Stock Exchange, TEDPIX,... -
September 18,2021Bank Melli Iran, the state-run lender, said the lender has divested its stake in assorted companies worth 133 trillion rials ($492 million). Divestments were completed in two years with the...
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September 18,2021After notching higher in the past three weeks, updates by the Central Bank of Iran indicate that the interbank interest rate continued its upward trend this week. Interbank rate rose by 0.24...
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September 18,2021The Central Insurance company of Iran agreed to review its newly-announced framework about agent and brokers' commissions, which has raised objections among insurers.
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September 18,2021The Central Bank of has announced new regulations for issuing gift cards by banks compatible with the Anti-Money Laundering law. Banks and credit institutions are allowed to sell gift cards only...
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September 17,2021Macroeconomic data released by the Central Bank of Iran show the monetary base and money supply continued to rise in the month ending August 22. The monetary base grew 42.1% or 1,530 trillion...
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September 17,2021Tehran’s share market recorded its worst weekly performance since mid-June last week as the benchmark of Tehran Stock Exchange, TEDPIX, hovered near 1.5 million points. The market-cap weighted...
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September 17,2021With higher returns investment funds have become lucrative investment venues and are attracting more money, the Securities and Exchange Organization’s deputy chief for supervisory affairs said. In...
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September 17,2021The company in charge of supervising Iran's domestic payment network, Shaparak, said more than 118.8 million bank cards were used at least once in the calendar to August 22. The number was down 4....
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September 15,2021Iranian lawmakers passed a motion that will see the years-long ban on import of cars lifted conditionally. The decision was made at the open session of the parliament on Wednesday following the...
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September 15,2021Government bond sale rebounded this week as 132.5 trillion rials ($490 million) in debt was sold to banks, securities underwriters and equity market investors. As per the data released by the...
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September 15,2021A recent study by the Majlis Economic Commission has recommended a new approach to the cryptocurrency industry to be able to use it in improving the economy.
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September 15,2021The Governor of Central Bank of Iran Akbar Komijani has again called on banks to exercise a robust control over their books. Addressing senior bank managers on Tuesday, Komijani said weak balance...
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September 15,2021Tehran stocks failed to extend the previous session’s rally as broad range of shares slumped at the end of trading week on Wednesday. The benchmark of Tehran Stock Exchange, TEDPIX, lost 8,670...
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September 14,2021Leaving behind two consecutive downturns, stock investors heaved a sigh of relief on Tuesday as sell-side pressure eased in major share categories. The benchmark of Tehran Stock Exchange, TEDPIX,...
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September 14,2021The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said. “Allocating subsidized currency creates the ground for rent-seeking and...
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September 14,2021Iran Power Generation, Distribution and Transmission Company (Tavanir) says whistleblowers helped in almost 20% of the total illegal cryptomining farm detections since the beginning of the fiscal...
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September 14,2021A steel company’s initial public offer was held on Wednesday, joining five other companies that went public last week. Sabzevar Pars Steel Complex is offering 15% of its stake comprising 600...
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September 14,2021Foreign exchange rates on Tuesday pared most of loss incurred on Thursday and in the process lifted gold prices in the domestic market. The dollar advanced above the 270,000 level in Tehran’s open...
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September 13,2021Insurance companies sold nearly 18 million life insurance policies in the four months of the current fiscal year that started in March, up 17.79% year-on-year. Life insurance accounted for 15.83%...
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September 13,2021Tehran stocks extended losses on Monday with the benchmark of Tehran Stock Exchange, TEDPIX, losing 1%. The market cap-weighted TEDPIX shed 14,709 points to plunge deeper below the 1.5 million...
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September 13,2021Data released by the government indicates its budget earnings reached 2,630 trillion rials ($9.7 billion) in the first five months (March 21-August 22) of the current fiscal year. It said 1,495...
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September 13,2021Currencies pulled back against the rial on Monday in Tehran’s market though some of the losses were pared later. The dollar briefly fell below the psychological 270,000 rials in the early hours of...
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September 12,2021Data published by the Central Bank of Iran on Sunday suggest interbank rates have increased steadily for three weeks in a row. The rate presently stands at 18.5%, the highest since July 29. It is...
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September 12,2021Iran Fara Bourse, the junior equity market, plans to offer shares of a railroad company based on new rules guiding initial public offerings. Rail Pardaz No’Afarin Company is to go public on Monday...
