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.
July 21, 2023 18:51
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June 12,2022The government is drafting new measures to further reduce unauthorized cryptomining in the country. According to Mohammad Khodadadi, the official in charge of supplying power to legal... -
June 12,2022Foreign exchange rates hit a new record in Tehran’s unofficial market on Saturday. The US dollar crossed the historic level of 320,000 rials and jumped to 327,500 rials, registering 1.5% rise on...
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June 11,2022Tehran’s share market was bearish in the past trading week ending Wednesday amid outflow of capital and renewed hesitation of retail investors.
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June 10,2022The Economy Ministry sold 27.5 trillion rials ($85.9 million) bonds in the third weekly auction held Tuesday by the Central Bank of Iran. The auctions are held on weekly to raise funds for the...
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June 10,2022The US dollar crossed the record high of 320,000 rials on Thursday in Tehran’s open market and closed at 322,500. The price was 1.2% or 4,000 rials higher from the earlier session on Wednesday...
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June 09,2022The central bank’s digital currency project, known as crypto-rial, will not replace the banking system and is being designed to add smart features to the currency. "Our primary aim in developing...
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June 09,2022The Central Bank of Iran Tuesday enforced more segments of the new check rules broadening the scope of cashier’s checks. A cashier's check is a check guaranteed by a bank, drawn on the bank's own...
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June 09,2022Forex rates pulled back on Wednesday after reaching all-time highs a session before in Tehran’s unofficial market. The US dollar was quoted at 318,500 rials at the close of the day down 0.3% on...
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June 09,2022The Industry Ministry says selling cars at the Iran Mercantile Exchange is incompatible with current rules to regulate the auto market. Manouchehr Manteqi, deputy minister for transportation...
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June 08,2022Tehran is hosting the 19th International Exhibition on Kitchen, Bath, Sauna and Pool Industries and Equipment.
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June 09,2022Tehran’s share market closed trading week Wednesday slightly higher amid unwillingness of retail investors to trade.
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June 08,2022After a brief hiatus on Monday, forex rates climbed again on Tuesday in Tehran’s unofficial market. The US dollar drew closer to 320,000 rials at midday and was traded at 319,500 rials, more...
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June 08,2022The Tap30 company, a ride-hailing app in Iran, will make its stock market debut soon and would be the first startup to do so. A press conference was held Tuesday in the run-up to IPO by Iran Fara...
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June 08,2022An estimated 3.547 billion retail transactions were processed by the domestic e-payment network, known as Shaparak, in the second month of the calendar year to May 20. The transactions were worth...
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June 08,2022Tehran’s share market closed Tuesday near the flatline as stocks partially recovered past losses. The main gauge of Tehran Stock Exchange, TEDPIX, gained 1,078.19 points or 0.07% to end trade at...
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June 07,2022Iran National Tax Administration has plans to tax bank card owners with more than 45 transactions in one month. It has reportedly proposed implementing new regulations, as per which bank cards...
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June 07,2022Currency and gold prices retreated slightly from the recent highs as the market opened on Monday after the two-day public holiday. The US dollar shed more than 0.6% or 2,000 rials to change...
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June 07,2022Extending a long losing streak, Tehran stocks opened Monday under fresh selloff pressure, registering the biggest daily loss in one month. The benchmark of Tehran Stock Exchange, TEDPIX, shed 27,...
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June 07,2022The Majlis on Monday began an investigation into the performance of Iranian banks. In a letter to 25 banks and credit institutions, the parliamentary committee in charge of the probe ordered CEOs...
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June 07,2022The Governor of the Central Bank of Iran Ali Salehabadi said the CBI will soon issue forex-backed bonds to fund development projects. CBI officials have recently spoken about plans to issue forex...
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June 06,2022The High Council of Economic Coordination gave the Central Bank of Iran additional authority to restore calm to the chaotic currency market. The council is the ad hoc decision-making body...
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June 06,2022The Majlis Research Center, the research wing of the parliament, has assessed the impact of the government ban on cryptomining and closure of unauthorized mining centers, saying that the policy was...
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June 06,2022Investment funds in the domestic capital market held assets worth 6,078 trillion rials ($19.6 billion) by end of the first Iranian calendar month to April 20. The assets were managed by 289 funds...
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June 06,2022The loan-to-deposit ratio (LDR) of banks and credit institutions increased for five consecutive months, indicating the penchant for higher lending. LDR was 83.2% by end of the last fiscal year (...
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June 05,2022During a choppy trade on Wednesday, the benchmark of Tehran Stock Exchange, TEDPIX, pared early hour gains and ended slightly below the flatline.
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