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 13,2021Data released by the government indicates its budget earnings reached 2,630 trillion rials ($9.7 billion) in the first five months (March 21-August 22) of the current fiscal year. It said 1,495... -
September 13,2021Currencies pulled back against the rial on Monday in Tehran’s market though some of the losses were pared later. The dollar briefly fell below the psychological 270,000 rials in the early hours of...
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September 12,2021Iran's National Tax Administration has called on financial experts, tech companies and labs to collaborate in improving the process of evaluating the quality of data collected from POS terminals...
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September 12,2021Data published by the Central Bank of Iran on Sunday suggest interbank rates have increased steadily for three weeks in a row. The rate presently stands at 18.5%, the highest since July 29. It is...
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September 12,2021Iran Fara Bourse, the junior equity market, plans to offer shares of a railroad company based on new rules guiding initial public offerings. Rail Pardaz No’Afarin Company is to go public on Monday...
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September 12,2021Tehran’s share market on Sunday experienced its second biggest loss in six months as investors forayed to sell in the middle of the trading session. The benchmark of Tehran Stock Exchange, TEDPIX...
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September 11,2021Iran Insurance Company, the largest and the only one owned by the government, has raised the ceiling for digital payment of third-party auto accident claims by 14 times, from 500 million rials ($1,...
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September 11,2021The Iran Energy Exchange has so far sold “Capacity Certificate” worth 18.24 trillion rials ($70 million) since the financial instrument was first launched in February 2020. Certificates changed...
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September 11,2021The Industries Ministry intends to increase commodities offered at the Iran Mercantile Exchange, a deputy minister said. “The ministry has a vision to offer [more] goods via the IME,” Mohammad-...
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September 11,2021Tehran stocks opened trading week on Saturday slightly higher amid a shift of investor attention from penny stocks to large caps. The benchmark of Tehran Stock Exchange, TEDPIX, gained 4,452.89...
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September 10,2021The government is set to allot the so-called Justice Shares to new eligible groups and those who failed to receive the free shares when they were first given to the public. The Minister of Labor,...
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September 10,2021Foreign exchange rates extended gains on Thursday after the dollar advanced above 270,000 rials a session before. The greenback closed more than 1% higher or 2,900 rials, reaching 278,200 rials in...
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September 10,2021Closing unauthorized cryptomining farms to prevent blackouts remains on the agenda of the Iran Power Generation, Distribution and Transmission Company (Tavanir) as demand for electricity remains...
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September 10,2021Banks and credit institutions gave 9,007.8 trillion rials ($33 billion) in loans in the first five months of the current fiscal year (March 21-August 22). Lending was 51.3% or 3,054.9 trillion...
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September 08,2021Tehran stocks closed trading week on Wednesday partially recovering from heavy losses a session before. The benchmark of Tehran Stock Exchange, TEDPIX, gained 2,948.65 points or 0.19% to end trade...
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September 08,2021The forex market in Tehran was volatile on Wednesday as most foreign currencies posted gains reportedly spurred by expectations arising mainly from political developments. The dollar vacillated...
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September 08,2021The number of insurers in Iran, including reinsurance, life insurance and general insurance companies, is likely to reach 46 with the regulator saying that 13 new firms are getting ready to enter...
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September 08,2021Four members of President Ebrahim Raisi’s administration were sworn in on Wednesday for the Money and Credit Council, the top monetary and banking decision-making body. The council convened headed...
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September 08,2021After two weeks of moderate success, the weekly bond auction, held by the Central Bank of Iran on behalf of the government, failed to attract buyers. The government barely sold 7.3 trillion rials...
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September 07,2021The stock market will host initial public offering for two companies on Wednesday, including a giant steel company and a cosmetic firm. Sirjan Jahan Steel Complex Company (SJSCCO) will offer 10%...
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September 07,2021The Central Bank of Iran says plans for promoting contactless payment are making progress. "More than 20,000 contactless payment terminals are installed across the country. With the help of a...
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September 07,2021Given the torrent of new investors in the bourse in a relatively short period, the regulator has stepped up efforts to make indirect investment in the market attractive for investors lacking...
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September 07,2021The Securities and Exchange Organization (SEO) has obliged companies listed in the stock market to make public their real estate properties. As per a bylaw issued by the SEO’s board of directors...
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September 07,2021A correction phase that started Sunday deepened on Tuesday as sell-side pressure mounted across a broad range of small and large caps. The benchmark of Tehran Stock Exchange, TEDPIX, shed 15,397....
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September 06,2021Tehran’s share market was choppy on Monday as sell-side pressure mounted in the middle of the session causing shares to pare gains. The benchmark of Tehran Stock Exchange, TEDPIX, gained more than...
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