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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August 31,2021More than 333,843 credit cards were used in the fourth month of the fiscal year that started in March -- a growth of 25% compared to the month before. Iranians collectively made transactions with... -
August 31,2021Despite noticeable increase in demand in the middle of the trading session on Tuesday, most stocks closed under renewed sell-side pressure. Adding to the pattern of decline a day earlier, the main...
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August 31,2021After holding back two days, foreign exchange rates clawed back on Tuesday, paring some of the losses.
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August 31,2021The economy minister said the banking system needs a paradigm shift to improve its role in expanding the economy by engaging in supply chain finance. Addressing the 31th Islamic Banking Conference...
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August 30,2021Tehran stocks slumped on Monday under unrelenting panic selling in almost all shares as nervous investors’ struggled to sell fearing that a lingering sell-off may wipe off all previous gains. The...
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August 30,2021More than 233,000 futures contracts worth 5.173 trillion rials ($20 million) changed hands at the Iran Mercantile Exchange in the calendar month ending August 21.
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August 30,2021Foreign exchange rates pared more of their previous gains on Monday dragging down gold prices in the domestic market.
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August 30,2021The Iranian Parliament’s double-urgency motion called “Surge in Housing Production” has been approved by the Guardians Council – an oversight body that ensures laws are in line with the Iranian...
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August 30,2021The judiciary and Central Bank of Iran signed a memorandum of understanding on Monday to facilitate information exchange and help detect and prevent fraud and financial crime.
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August 30,2021The Central Bank of Iran seems unsatisfied with the current electronic wallet services offered by banks and payment service providers and has warned them to revise their regulations that so far...
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August 29,2021After days of consecutive rallies, foreign exchange and gold prices dropped in Tehran on Sunday spurring a bout of selling.
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August 29,2021Lending to boost the housing sector and help people buy homes is expected to increase sharply in fiscal 2022, according to a lawmaker. As per the 2021-22 budget rules, Iranian banks are obliged to...
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August 29,2021The housing market in Tehran is on track to recovery after a seasonal slump at the beginning of the year (started March 21) due to the long Iranian New Year holiday, latest data published by the...
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August 29,2021Stock trade was choppy Sunday starting with sell-off in the early hours before demand picked up in the middle of trade and closing under higher sell-side pressure at the close of the session. The...
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August 29,2021An official at the Ministry of Industries, Mining and Trade denied “exaggerated” claims by the Iran Power Generation, Distribution and Transmission Company (Tavanir) about the role of illegal...
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August 28,2021Financial reports of banks show the majority are struggling with capital adequacy ratios (CARs) below global financial norms. Out of a total of 23 Iranian banks, CAR in eight was below zero, six...
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August 28,2021The dollar advanced above the critical 280,000 rials at the start of trading week on Saturday as the national currency is tanking under a fresh bout of volatility.
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August 28,2021Total auto insurance fraud is estimated to be more than 20 trillion rials ($71 million) per year, the National Traffic Police chief said. "We are planning to digitize the car accident reporting...
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August 28,2021Prices across large and small cap stocks rose on Saturday, extending a rally in Tehran’s share market into the sixth session. The main index of the Tehran Stock Exchange, TEDPIX, gained 25,555.18...
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August 27,2021Investment funds hold assets worth 5,300 trillion rials ($19.6 billion) in their portfolios, an official with the Securities and Exchange Organization said. “An estimated 3,700 trillion rials [$14...
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August 27,2021Tehran’s stock market posted gains for 10 weeks in a row indicating that the stuttering market is recovering after the bubble burst in August 2020. Benchmark of Tehran Stock Exchange eked out a 3....
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August 27,2021The Economy Minister Ehsan Khandouzi says finding new ways and means to sustainably finance the government budget is a priority to his ministry. “The economy indeed needs high-efficacy short-term...
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August 27,2021Iran Power Generation, Distribution and Transmission Company (Tavanir) said it shut more than 5,000 cryptomining farms across the country as part of a plan to help improve and stabilize the...
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August 27,2021Financial statements of 18 banks and credit institutions listed with the stock market in Tehran show most made profit on loans, outweighing interest paid on deposits. Interest on loans stood at 2...
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August 27,2021The Central Bank of Iran allocated $7.2 billion for importing essential goods in the first five mounts of the current fiscal year that started in March. According to a CBI website report,...
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