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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September 27,2020The government’s move to sell shares in four major refineries via an exchange-traded fund was received coldly by investors as barely 20% of the assets were bought in the subscription phase. ... -
September 27,2020The Central Bank of Iran said on its website Saturday it has increased banks' reserve requirement ratio to 10-13%, after it was cut in March, to support businesses impacted by Covid-19.
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September 27,2020Tehran stocks began trading week on Saturday on a strong note but pared gains later as sell-off pressure mounted on a broad range of shares. The benchmark of Tehran Stock Exchange, TEDPIX, gained...
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September 27,2020Building on the past week gains, the US dollar temporarily moved above 290,000 rials at the start of the trading week in Tehran on Saturday but failed to advance further after intervention by the...
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September 26,2020Tehran Stock Exchange on Saturday banned day trading until further notice, a move seen to encourage investors to adopt “a buy and hold” approach. In a notice published by the Securities and...
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September 25,2020The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money...
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September 25,2020The Central Bank of Iran said Thursday that it had sent to the judiciary a third list of companies who defaulted and failed to meet their obligations to repatriate earnings from sales. In a press...
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September 25,2020Weekly bond auction data indicates a steep decline in investor interest in Islamic bonds issued by the government. The government on Tuesday sold bonds worth 7.1 trillion rials ($26 million) at...
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September 25,2020After touching 280,000 rials on Wednesday, the US dollar again extended gains against the rial on Thursday. It sold for 286,500 rials in Tehran’s open market, rising 6,000 rials, or 2%, compared to...
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September 25,2020After four straight sessions of bear market, Tehran stocks closed in positive territory on Wednesday. The main index of Tehran Stock Exchange, TEDPIX, gained 30,271 points to close at 1,611,452...
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September 25,2020The national currency plunged to new lows on Wednesday as the dollar advanced to new record high. The greenback broke past the critical 280,000-rial level for the day in Iran’s open market and was...
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September 25,2020An estimated 3.152 million tons of goods worth 303 trillion rials ($1.12 billion) were traded at the Iran Mercantile Exchange in the sixth month of the Iranian fiscal year (August 21-Sep 21),...
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September 23,2020Caretaker of the Industries Ministry says the government will soon put an end to the practice of companies’ renting commercial cards for export. “Owners of such [rented] cards are not exporters...
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September 22,2020The Central Insurance company of Iran, the regulatory body of the market, has warned agents against receiving insurance premium stressing that premiums must be paid directly to the insurance...
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September 22,2020Tehran Stock Exchange’s primary index, TEDPIX, slipped 13,954.47 points, or 0.87%, to close Tuesday trade at 1,581,206.28. Losses sustained by auto companies, refineries and energy firms were the...
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September 22,2020Stock yields were higher than other markets in the first half of the Iranian fiscal year (March-Sep. 2020). TEDPIX, Tehran Stock Exchange's main index shot up 211% during the period. Half Bahar...
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September 21,2020After rising a session earlier, the US dollar lost momentum on Monday and stayed unchanged apparently after political tensions impacting investor sentiments eased. The greenback was worth 272,500...
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September 21,2020The Trade Promotion Organization of Iran will suspend commercial ID cards of 350 exporters who repatriated less than 70% of their earnings, the TPO head said. Last month, the TPO gave exporters...
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September 21,2020The main index of Tehran Stock Exchange, TEDPIX, fell below the supportive level of 1.6 million points losing more than 57,000 points on Monday, extending a losing streak into the third day. ...
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September 21,2020Three thermal power plants are to sell their electricity to authorized cryptocurrency miners in Iran, the managing director of Thermal Power Plant Holding Company, affiliated to Energy Ministry,...
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September 21,2020More than 5.45 million investors took part in the listing of Sepehr Saderat Financial Group Company, the investment arm of Bank Saderat Iran. The listing process commenced after the regular...
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September 20,2020A recent study conducted by Pulse Ware Company and University of Tehran academics shows that costs of circulating banknotes is still lower than the electronic payment fees, despite claims to the...
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September 20,2020About 1,000 estates owned by the government are on the divestiture list by the time the current fiscal is out next March, an official with the Economy Ministry said.
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September 20,2020Tehran’s share market saw a bruising sell-off on Sunday pulling down the main market indicators as political concerns weighed on investor sentiment. The main index of Tehran Stock Exchange,...
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September 20,2020After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%. Keeping pace with the upsurge,...
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