The rial compensated some of the earlier loss on Tuesday as foreign currencies dipped dragging down prices in the domestic gold market. The US dollar retreated to 324,000 rials in Tehran’…
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.
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The insurance industry was unable to meet the targets defined in the Sixth Five-Year Economic Development Plan (2016-2021), despite reasonable growth. According to a report by IBENA, the sector…
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The Central Bank of Iran said it is undertaking efforts to improve forex supply in the volatile market by encouraging non-oil export companies to increase their currency sale.
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The manger director of the National Development Fund of Iran (NDFI), Mehdi Qazanfari, said the sovereign wealth fund may be forced to resort to “legal ways” to recover its unpaid debts. “…
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Data released by Shaparak, the company in charge of Iran's domestic payment network, show more than 132.5 million bank cards were used at least once in the ninth calendar month to May 21. This…
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The Central Bank of Iran says it is committed to boost the supply side in the currency market. After crossing the record high a session before, forex rates notched another gain on Sunday…
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Tehran’s share market was bullish on Sunday as unprecedented currency prices fuelled demand for commodity-based and large cap stocks. The main gauge of Tehran Stock Exchange, TEDPIX,…
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The Industries Ministry in a statement explained why it halted the sale of cars at the Iran Mercantile Exchange. The ministry last week announced that selling autos via the IME was…
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Tehran stocks opened trading week Saturday in negative territory amid slight improvement in retail trade. The main index of Tehran Stock Exchange, TEDPIX, lost 2,008 points or 0.13% to…
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The government is drafting new measures to further reduce unauthorized cryptomining in the country. According to Mohammad Khodadadi, the official in charge of supplying power to legal…
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The National Development Fund of Iran, the sovereign wealth fund, manages $139 billion, head of the NDFI Statistics and Planning Department said. “Since inception in 2011, the fund has…
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Foreign exchange rates hit a new record in Tehran’s unofficial market on Saturday. The US dollar crossed the historic level of 320,000 rials and jumped to 327,500 rials, registering 1.5%…
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Tehran’s share market was bearish in the past trading week ending Wednesday amid outflow of capital and renewed hesitation of retail investors. The benchmark of Tehran Stock Exchange,…
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The US dollar crossed the record high of 320,000 rials on Thursday in Tehran’s open market and closed at 322,500. The price was 1.2% or 4,000 rials higher from the earlier session on…
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The Economy Ministry sold 27.5 trillion rials ($85.9 million) bonds in the third weekly auction held Tuesday by the Central Bank of Iran. The auctions are held on weekly to raise funds…
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The central bank’s digital currency project, known as crypto-rial, will not replace the banking system and is being designed to add smart features to the currency.
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The Industry Ministry says selling cars at the Iran Mercantile Exchange is incompatible with current rules to regulate the auto market. Manouchehr Manteqi, deputy minister for…
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The Central Bank of Iran Tuesday enforced more segments of the new check rules broadening the scope of cashier’s checks.
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Tehran is hosting the 19th International Exhibition on Kitchen, Bath, Sauna and Pool Industries and Equipment. The event opened at Tehran’s International Fairground on Tuesday and is scheduled…
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The Tap30 company, a ride-hailing app in Iran, will make its stock market debut soon and would be the first startup to do so. A press conference was held Tuesday in the run-up to IPO by…
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An estimated 3.547 billion retail transactions were processed by the domestic e-payment network, known as Shaparak, in the second month of the calendar year to May 20. The transactions were…
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After a brief hiatus on Monday, forex rates climbed again on Tuesday in Tehran’s unofficial market. The US dollar drew closer to 320,000 rials at midday and was traded at 319,500…
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Iran National Tax Administration has plans to tax bank card owners with more than 45 transactions in one month. It has reportedly proposed implementing new regulations, as per which bank cards…
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The Majlis on Monday began an investigation into the performance of Iranian banks. In a letter to 25 banks and credit institutions, the parliamentary committee in charge of the probe…
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Currency and gold prices retreated slightly from the recent highs as the market opened on Monday after the two-day public holiday.
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