Forex rates hit new highs at Tehran’s unofficial currency market on Wednesday carrying with it the bullion market. The US dollar briefly touched the psychological 300,000 rials in the…
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.
The Central Bank of Iran on Wednesday asked banks and credit institutions to withhold processing transactions suspicious of money-laundering. In a press statement posted on its website,…
Tehran stocks were choppy Tuesday with trade in the negative zone in the early hours before paring losses and moving near the flatline at closing time. The main gauge of Tehran Stock…
The National Development Fund of Iran has rejected a proposal by private companies to resolve repayment of currency arrears at lower rates.
Market makers funds accounted for 8% of the total intermediaries operating in the capital market in the last fiscal year (ended March 20) -- up 6% on the year before, a deputy at the Securities…
Foreign currencies posted considerable growth in Tehran’s free market with the US dollar quoted at 291,800 rials on Tuesday. According to Esghtesadnews.com, the dollar crossed the…
A wave of selloff swept across Tehran’s share market on Monday breaking a long winning streak as prices of most stocks went into a correction zone after the bullish run. The…
Currency trade in the secondary market, known locally as Nima, reached almost $4 billion from the beginning of the fiscal year in late March to May 9. In press statement posted on its website…
An estimated 129.9 million bank cards were used at least once in the month to April 20, Shaparak, the company in charge of Iran's domestic payment network, reported Monday. The number was down…
Funding via the money and capital markets reached close to 36,860 trillion rials ($131 billion) in fiscal 2021-22. Iran’s capital market contributed 7,180 trillion rials ($25 billion) to the…
Iran’s crowdfunding market reached 1,345 trillion rials ($4.8 million) by the end of the last fiscal year (March 20), a deputy chief at the Iran Fara Bourse said.
Tehran stocks extended gains on Sunday with small caps and penny stocks in the lead. Extending a winning streak for five consecutive sessions, the benchmark of Tehran Stock Exchange,…
Government policy of giving billions in subsidized currency for importing basic goods must be blamed for the exploding monetary base and rampant inflation, a senior official at the Central Bank…
The governor of the Central Bank of Iran and Qatar's ambassador in Tehran met on Sunday in Tehran. Unlocking billions in Iranian assets overseas was among the key issues discussed between Ali…
Tehran stocks opened trading week Saturday on a strong note amid increasing participation of retail investors. The benchmark of Tehran Stock Exchange, TEDPIX, gained 14,078 points or 0.92…
Insurance companies generated 115 trillion rials ($4.11 billion) in premium income in the last fiscal year (March 2021-22) posting 41% growth on the year before. Data released by the Central…
The Central Bank of Iran said the ratio of non-performing loans improved in the third quarter of the last fiscal year (Oct. 22-Dec. 21, 2021). The ratio of NPLs to total loans stood at 7…
Banks will accept forex deposits and pay interest in cash in the same currency, the Central Bank of Iran said. In a press statement posted on its website, the central bank said that the…
More than 3.196 billion retail transactions were processed by the Iranian payment settlement network, known locally as Shaparak, in the first month of the calendar year to April 20. The…
The National Development Fund of Iran, the sovereign wealth fund, is set to resume payment to the Capital Market Stabilization Fund, the CMSF head said.
Money supply increased 39% in the Iranian fiscal year ending March 20 reaching 48,324.4 trillion rials ($172.5 billion). On a monthly basis, the broad money increased by 2,084 trillion rials ($…
Tehran stocks ended trading week mixed with large caps lagging behind amid upbeat mode in small-sized companies. The equal-weighted index of Tehran Stock Exchange ended in positive…
Export firms sold $1.1 billion of their overseas income at the secondary foreign exchange platform (known locally as Nima) from the beginning of the fiscal year (March 21) until Thursday (April…
The Central Insurance company of Iran (CII), the regulatory body of the industry, has added four names to the blacklist of unauthorized applications selling insurance policies. CII's…
A review of performance of forex, gold and stock markets over ten years show that the average returns were higher than the inflation rate. According to data compiled by the Tehran Chamber…
