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: Dollar Falters, Gold Loses Luster
    Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran.   
  • Stocks Plunge to 4-Month Lows
    Tehran 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...
  • Iran: Forex, Gold Slip for 2nd Day
    Currency 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...
  • Iran's CB Conducts First Repo Operation
    The 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...
  • Stock Trade in Distress
    Stocks 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,...
  • Gold and Dollar Pause
    Gold 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...
  • Insurers Feel the Heat
    The 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...
  • CBI Expects Higher Inflation
    In 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...
  • Forex Rates at New Record Highs
    The 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...
  • Share Market Playing Bigger Role in Economy
    The 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...
  • Tehran Shares Slip, TEDPIX Down 1.16%
    Tehran 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...
  • Iran: Bond Demand Fades
    Data 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...
  • Iran: Positivity About Unlocking Forex Overseas
    The 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...
  • Hassan Rouhani: Divestment Policy Here to Stay
    The 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...
  • Tehran: Markets Flat Amid Volatile Trade
    Financial 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....
  • Taking 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...
  • Iraq to Unfreeze Iranian Assets
    An 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...
  • After 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,...
  • Struggling 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...
  • Retail Traders Lift Stock Market
    Tehran 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...
  • Gold Smashes Record
    Coming 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...
  • Small Increase in E-Transactions
    Shaparak, 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...
  • Rial Enters Crisis Mode
    The 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...
  • TEDPIX Near Flatline
    Tehran 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...
  • Decline in Bad Checks
    The 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...

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