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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January 09,2021The main gauge of Tehran Stock Exchange, TEDPIX, lost 1.9% on Saturday as supply continued to outweigh demand. It shed 24,808 points to fall below the critical 1.3 million points, ending trade at 1... -
January 09,2021Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels. The US dollar fell below 250,000-rial level losing more...
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January 09,2021Banks gave 659,000 marriage loans worth 344 trillion rials ($1.37 billion) to newlyweds since the beginning of the current fiscal year last March to December 10. According to Ali-Asghar...
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January 09,2021Gold prices in Iran slipped on Thursday influenced more from trends in international markets than domestic forex rates.
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January 09,2021In a report on the economy in the next March 2021-22 fiscal year, the Majlis Research Center said inflation will largely be the inability of the government performance in realizing its budget...
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January 09,2021The governor of Central Bank of Iran said he hopes stability in financial markets would be restored in the coming weeks as "excitement arising from political developments ebbs". In a note posted...
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January 08,2021The Central Bank of Iran Tuesday said it had rejected a deal between Ayandeh Bank and Hami Sazeh Kian Company over divesting 35% shares in the giant Iran Mall Complex, a $3.5-billion shopping and...
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January 08,2021Non-oil export companies have not repatriated €17.5 billion to the country over two years from May 2018 to June 2020, according to the head of the commercial services department of Iran's Trade...
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January 08,2021The Governor of Central Bank of Iran Abdolnasser Hemmati said the bank has made the advance payment for importing Covid-19 vaccine. In a note on his social media account late Tuesday, he said the...
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January 08,2021Iran's stock market logged one the biggest downturns in the past several sessions on Wednesday as relentless sell-off continued to pummel share prices. The Tehran Stock Exchange extended the...
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January 08,2021Government bonds worth 15.6 trillion rials ($60 million) were sold to banks, investment funds and buyers at the stock market during the weekly auction held by the Central Bank of Iran. Buyers...
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January 05,2021The Majlis Joint Commission has made an amendment to the 2021-22 fiscal budget bill based on which state banks can increase capital by up to 100 trillion rials ($400 million) by selling...
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January 05,2021The Industries Ministry on Tuesday announced a controversial policy based on which steel products have to be sold at the Iran Mercantile Exchange at prices equivalent to 70% in the Commonwealth of...
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January 05,2021Most commodity stocks in Tehran went into a tailspin on Tuesday as a government decision to intervene and control steel prices made the market jittery. After sessions of bear market, stocks had...
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January 05,2021After posting slight increases a session earlier, the US dollar climbed to 260,000 rials on Tuesday up 0.57% compared to the previous day's close. The greenback was traded at 256,820 rials in the...
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January 05,2021Tehran's stock market posted gains on Monday after a dull performance a session earlier thanks to surge in most large caps. The main index of Tehran Stock Exchange, TEDPIX, gained 19,132 points...
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January 04,2021Gold prices surged on Monday in Tehran amid sharp increase in the international market. After weeks of a lukewarm market due to relative stability in forex rates, as the main driver of gold prices...
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January 05,2021The Governor of the Central Bank of Iran Abdolnasser Hemmati criticized the parliament’s decision to raise forex rates for importing essential goods, saying that it would negatively impact monetary...
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January 04,2021Tehran's two main football clubs Esteghlal and Persepolis are set to be listed on the stock market because the financial restructuring required of them is complete, the deputy head of the Iranian...
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January 03,2021The Central Bank of Iran's underperformance in notifying clear export repatriation rules and lack of a comprehensive data platform to track export repatriation commitments are causing concern for...
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January 03,2021After heavy losses a session earlier, most indicators at Tehran's share market closed slightly above the flatline on Sunday, thanks to institutional traders' tilt on the buy side. Both the market...
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January 03,2021Insurance companies in Iran generated 48.01 trillion rials ($192 million) in premium during the first eight months of the fiscal year (March-Nov 2020) up 23.9% compared to the same period last...
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January 02,2021The managing director of the Securities and Exchange Organization, Hassan Ghalibaf-Asl, has again asked government bodies to stop intervention in pricing products of listed companies. Ghalibaf-...
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January 02,2021Authorities closed 1,620 illegal cryptocurrency mining farms that were used 250 megawatts of electricity since July 2019, when mining was legalized, spokesman of the Power Generation, Distribution...
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January 02,2021Tehran's share market opened trading week Saturday amid weakened sentiment over what lies ahead for share prices in the near future. The main index of Tehran Stock Exchange, TEDPIX, lost 43,682...
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