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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July 10,2020A new exchange-traded fund joins Iran Fara Bourse, the junior equity market, on Saturday with 10% of its units for subscription. -
July 10,2020The Central Bank of Iran on Thursday said lenders can raise the ceiling when issuing certificate of deposit up to a level that doesn’t cross 20% of total long-term deposits at the end of last...
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July 08,2020Main benchmark of Tehran stocks came out of the gate in green at the close of trading week on Wednesday but lost the upbeat mood later in the session under sell side pressure. Shares experienced...
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July 08,2020After a brief hiatus major currencies resumed rallies going back to their bad old ways in Tehran on Wednesday as CBI’s selected moneychangers demanded higher rates. The US dollar rose to 224,000...
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July 08,2020President Hassan Rouhani on Wednesday reiterated the need to continue supporting the share market by boosting the supply side and listing more companies. Speaking at a weekly Cabinet meeting,...
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July 08,2020Unsold government assets in three banks and two insurance companies will be on offer again next week, the deputy economy minister for banking, insurance and state companies' affairs said. In May...
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July 07,2020Adding another 1.68%, the benchmark of Tehran Stock Exchange, TEDPIX, moved 28,786 points higher to close at 1,747,136. The equal-weighted index closed at flatline and retreated 0.07% to settle...
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July 07,2020Iran Chamber of Commerce, Industries, Mines and Agriculture plans to set up a special committee to monitor procedures involved in repatriation of export earnings to the country that has become a...
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July 07,2020The government raised 49.9 trillion rials ($232 million) by selling Islamic bonds in the debt market on Tuesday. Out of this figure, 19.9 trillion rials ($92 million) was sold to lenders and non-...
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July 07,2020The government will offer incentives to whistleblowers who name unauthorized cryptocurrency miners to the relevant authorities, managing director of Power Generation, Distribution and Transmission...
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July 07,2020The Purchasing Managers' Index of the hosing sector for the third month of the current fiscal year (May 21-June 20) settled at 64.36 from 60.55 in the preceding month (April 20-May 20), showing...
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July 06,2020More than 2.73 billion transactions worth 3,886.38 trillion rials ($18.5 billion) were processed by the national retail payment network ‘Shaparak’ during the calendar month to June 20. Shaparak...
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July 06,2020Steep rise in the price of shares of Social Security Investment Company, known locally as Shasta, pushed up the benchmark of Tehran Stock Exchange, TEDPIX, to new levels, threatening a temporary...
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July 06,2020After a concerning pattern of hikes in the price of gold and foreign currency in Tehran, both assets registered decline in Monday trade. The US dollar was close to 214,300 rials in the open market...
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July 05,2020Tehran’s stock market trading platform has been overwhelmed by the systemic increase in the number of investors and the ensuing irresistible volume of deals conducted by the seemingly dilapidated...
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July 05,2020Iranian insurance companies generated 270 billion rials ($1.35 million) selling marine insurance policies in the first two months of current fiscal year (started March 2020) to register 65% growth...
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July 05,2020Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday after the 10% rise...
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July 05,2020Tehran stocks opened Sunday in negative territory with the benchmark of Tehran Stock Exchange losing about 2,000 points only to rebound later as a fresh rally in the currency market boosted...
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July 04,2020After climbing 13% last week, the Tehran Stock Exchange lost some momentum at the opening of trading week on Saturday as sell-off visited majority of shares. TSE opened more than 35,000 points...
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July 04,2020Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rials on Saturday. This came after price gaps between the CBI...
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July 04,2020Stock market authorities are planning to launch a real estate exchange market to help address mounting challenges of the housing sector, a member of the High Council of Securities and Exchange said...
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July 03,2020In bid to further narrow the rate spread in the interest rate corridor (IRC) the Central Bank of Iran announced that it would raise rates on interbank deposits by 1 percentage points to 13%...
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July 03,2020Data released by the Central Insurance of Iran, the body in charge of supervising the industry, shows that the Covid-19 pandemic has impacted the business of insurance companies in various aspects...
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July 03,2020Governor of the Central Bank of Iran Abdolnasser Hemmati said Friday the government will use part of the existing money supply to plug the fiscal deficit. Hemmati said this in his social media...
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July 01,2020Tamin Cement Investment Company, the largest construction holding in Iran, went public on Wednesday offering 15% of its shares in an initial public offering. Stakes comprised 1.65 billion shares,...
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