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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December 13,2021Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget. This is 25% higher on... -
December 13,2021Tehran shares Monday extended the long streak of losses amid mounting pressure from sellers that put the benchmark of Tehran Stock Exchange to where it was five months ago. The market cap-...
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December 12,2021The government has allocated 1,000 trillion rials ($3.4b) to help compensate the elimination of subsidized foreign currency in the 2022-23 budget. Scrapping the controversial forex subsidies is...
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December 12,2021The main index of Tehran Stock Exchange, TEDPIX, lost another 1.78% on Sunday amid unrelenting sell-side pressure in all share categories. The benchmark shed 23,679.64 to end trade at 1,320,761,...
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December 12,2021Insurance companies are required to collect 5 trillion rials ($16.6 million) from third-party auto insurance policies in the next fiscal year. As per the 2022-23 draft budget sent to the Majlis on...
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December 12,2021Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal. The dollar dropped more than...
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December 11,2021Shaparak Company, affiliated to the Central Bank of Iran and in charge of supervising the domestic payment network, is working on a new model for assessing and rating payment service providers (...
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December 11,2021Sell-side pressure again hit the Tehran stock market on Saturday paring much of the gains in the previous session. The main index of Tehran Stock Exchange, TEDPIX, lost 4,941.46 points or 0.37...
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December 11,2021A look at the government’s proposed budget for March 2022-23 shows if passed it should be propitious for the struggling stock market. The budget draft seems advantageous for the bourse in six ways...
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December 11,2021The Central Bank of Iran said it has put into effect major parts of the Check Issuance Law, outlining a timeline for enforcing the remaining segments. The new legislation was passed by parliament...
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December 10,2021Data released by the Central Bank of Iran shows check transactions declined remarkably in the month ending Oct 22. More than 5.4 million checks worth 2,005 trillion rials ($6.7 billion) changed...
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December 10,2021After three consecutive weeks of losses, Tehran stocks bucked the declining trend in the week (ending Wednesday) making slight gains despite the pattern of capital outflow. The benchmark of Tehran...
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December 10,2021This week’s decision by the government to tax forex trade does not include people who buy currency for personal needs, a deputy head at the Iranian National Tax Administration said. On Wednesday...
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December 10,2021Ghadir Industry and Investment Development Company, better known as the “Cement Holding of Ghadir Investment” conglomerate, is to make its first stock market debut on Saturday. As per a notice...
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December 08,2021Tehran stocks rallied on Wednesday led by shares of auto companies as reports about rise in prices of domestic cars boosted sentiment. The benchmark of Tehran Stock Exchange, TEDPIX, gained 11,349...
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December 08,2021Saman Insurance Company, affiliated to Saman Bank, has become the first domestic company to offer ‘pay as you drive’ auto body insurance cost. According to a press release seen on the company's...
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December 08,2021The government bond sale stumbled again on Tuesday as banks refused to partake and purchase of stock market investors was insignificant. Total bonds sold by the Central Bank of Iran was barely...
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December 08,2021The Iranian National Tax Administration announced Wednesday that henceforth currency trade will be taxable. In a press release posted on its website, INTA said that the decision is part of the...
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December 07,2021New regulations governing value added tax on gold trade will come into effect in January, the vice president of the Tehran Gold and Jewelry Union said. Mohammad Kashti-Aray told the state...
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December 07,2021Tehran’s share market was lukewarm on Tuesday with the main gauge of Tehran Stock Exchange, TEDPIX, shedding 4,365.33 points to fall 0.33% and close at 1,337,987. The TSE’s equal-weighted index...
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December 07,2021The Central Bank of Iran will launch an electronic trade platform to register retail demand for foreign currency, the governor Ali Salehabadi said. Salehabadi was speaking during a rare tour of...
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December 07,2021The Central Insurance company of Iran is set to rank insurance companies based on new criteria to help promote competition in the gradually growing market. Gholamreza Soleimani, the CII head, made...
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December 06,2021Latest data released by the Statistical Center of Iran show the pace of runaway inflation in Tehran’s housing market is easing. Tehran’s housing Consumer Price Index in the 12-month period ending...
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December 06,2021Transactions processed by the electronic card payment network, Shaparak, increased 11.86% on a monthly basis to 6,677 trillion rials ($23.8 billion) in the month ending Nov. 21. More than 3.28...
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December 06,2021After a short-lived rally a session earlier, sell-side pressure picked up again in Tehran’s share market on Monday, paring early hour gains. The benchmark of Tehran Stock Exchange, TEDPIX,...
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