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 01,2020The exchange-traded fund holding shares of the government in four refineries listed with Tehran Stock Exchange started trade on Tuesday. The ETF, dubbed ‘First Refinery’ holds government shares... -
December 01,2020A new round of volatility returned to Tehran's chaotic foreign exchange market Tuesday amid rising uncertainty and prospects of further political tensions. Quoted below 260,000 rials in the early...
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December 01,2020The main index of Tehran Stock Exchange, TEDPIX, gained 7,727.15 points or 0.53%, Tuesday to end trading at 1,473,701.9. About 13.74 billion shares valued at 162.27 trillion rials ($649.08 million...
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December 01,2020Monetary variables, such as broad money supply, needs to be assessed in light of special circumstances and unusual circumstances, a Central Bank of Iran official said. "Focusing only on monetary...
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December 01,2020In the calendar month ending Oct.21 a total of 734,000 checks bounced – down 15% compared to a month before. In value terms, bad checks increased 4.5% worth 214 trillion rials ($856 million),...
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November 30,2020Home prices have declined by 10% over the past three weeks, as rising supply has put a downward pressure on prices, Mostafa Qoli-Khosravi, the head of Tehran Realtors Association, said recently...
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December 01,2020Currency rates eked out gains on Monday after several dull sessions with the dollar advancing above 250,000 rials. The spike extended to gold prices though the metal has been under pressure due to...
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November 30,2020Tehran stocks extended a bullish trend Monday as a set of supportive measures buoyed up investor sentiments and partially restored their fading trust in the volatile market. The main gauge of...
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December 01,2020Iran’s banking industry is showing renewed interest in issuing credit cards. Data released by the Central Bank of Iran indicates 70% increase in the number of active credit cards up until October...
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November 29,2020Interest rate in the interbank market declined by 1.6 percentage point in the last calendar month to Nov.20. "The interbank rate declined steadily to draw nearer to caps set by the regulator,"...
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November 29,2020The National Development Fund of Iran, the country's sovereign wealth fund, has deposited 10 trillion rials ($40 million) with the Capital Market Stabilization Fund to be invested in the stock...
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November 29,2020Tehran’s share market took a big step forward Sunday as 82% of stocks saw higher prices amid strong demand and fresh liquidity. The main index of Tehran Stock Exchange gained 36,425 points...
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November 29,2020The Governor of the Central Bank of Iran says inflation expectation has declined noticeably in recent weeks and should help businesses ravaged by the coronavirus and tough economic times. In a...
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November 29,2020The High Council of Insurance, Iran’s main insurance authority gave the green light to two new insurance companies last week -- Pars Reinsurance Company and Charisma Life Insurance Company. Pars...
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November 29,2020Kosar Credit Institution officially merged with the state-owned Bank Sepah to become the third financial entity to complete the merging process. The CEO of Bank Sepah Mohammad Kazem Choqazardi...
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November 29,2020Tehran's share market opened trading week on Saturday in positive territory amid rising demand for most stock categories. TEDPIX, the main index of Tehran Stock Exchange, gained 23,223 points or...
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November 29,2020The Central Bank of Iran has 105 IT-based projects at hand in line with its mandate to improve transparency, responsibility and objectivity in the business environment, CBI's vice governor for IT...
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November 28,2020The Central Bank of Iran last week granted short-term loans worth 33.1 trillion rials ($130 million) to banks in need of liquidity in the interbank market.
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November 27,2020Foreign exchange and gold prices were sluggish in the preceding Iranian week and like other markets stepped back due to the new round of lockdown to curb the spread of the coronavirus. The US...
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November 28,2020In letters to two senior government officials on Thursday, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture called for revising the steel pricing mechanism at the Iran...
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November 27,2020A total of 4,466 homes were sold in the capital during the eighth fiscal month (Oct. 22-Nov. 20), registering a 48.4% decline compared with the preceding month but a 9.9% growth compared with the...
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November 26,2020Following approval by the Majlis and Guardian Council, the long-awaited Natural Disaster Insurance Fund will be established in the next fiscal year. It will cover homes against all natural...
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November 26,2020After weeks of dull trade Iran's debt market saw renewed interest for government bonds. On Tuesday it sold bonds worth 54.7 trillion rials ($210 million) at the weekly auction held by the Central...
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November 26,2020Tehran stocks closed trading week Wednesday higher amid a lukewarm performance of most large-cap shares and rising demand for penny stocks. The main index of Tehran Stock Exchange, TEDPIX, gained...
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November 26,2020The plan to tax transactions via point-of-sale machines is one step closer to realization as the Central Bank of Iran and Iranian National Tax Administration give it the finishing touches. Mehran...
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