The bond auction held weekly by the Central Bank of Iran again failed to attract big investors on Tuesday despite offers of higher yields. The government put up 26.7 trillion rials ($90…
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.
The Iranian Privatization Organization has finalized plans to divest the remaining government shares in the Persian Gulf Petrochemical Industries Company (PGPIC), the IPO chief said.
Insurance companies reported 50% growth in the life insurance segment in the first eight months of the current fiscal year (started March 2021). The Central Insurance company of Iran, the…
The government is set to create a new fund to boost investment in development projects in the provinces. The new fund is forecast in the March 2022-23 budget, according to a press release seen…
Iran Mercantile Exchange on Monday added three items to the repertoire of trading instruments of its derivative market.
To help rescue the crisis-plagued stock market, the government has announced new measures to boost demand and improve profit-taking. The Economic Coordination Headquarter approved ten measures…
Forex and gold prices saw meager growth on Monday except for the Turkish lira that posted another significant drop during the day. Moneychangers sold the dollar at 301,000 rials slightly higher…
Tehran stocks closed Monday in upbeat mode buoyed by fresh reports that the government has mobilized its energy to lift the struggling market. The benchmark of Tehran Stock…
The government’s projected income from tax on stock trade has declined by a massive 40% in the 2022-23 draft budget. It expects to earn 104.2 trillion rials ($360 million) from tax on stock…
An estimated 122.6 million bank cards were used at least once in the eight months of the current fiscal year that started in March, the company (Shaparak) in charge of supervising the domestic…
Loan-to-deposit ratio increased to 81.8% by the end of the sixth month in this fiscal year – up 3.3% percentage points compared to the corresponding period last year. The ratio was up 0.6…
Tehran stocks stumbled again on Sunday after a short-lived rally a session earlier with selloff pressure on almost all share categories. Crossing the 1.3 million level a day earlier, the…
The Industries Ministry and Central Bank of Iran signed a memorandum of understanding to coordinate the foreign trade programs of the former with the forex policy of the latter. According to a…
The government plans to inject fresh capital into the Capital Market Stabilization Fund (CMSF) to stimulate the battered share market.
After a weeklong bear market, Tehran stocks opened trading week Saturday on a strong note buoyed by reports that the government seeks to initiate a new support program. The benchmark of Tehran…
The Central Insurance company of Iran published a report on the industry's sales stating that the number of branches and agents increased in the last fiscal year (March 2020-21).
The Central Bank of Iran said it has made available subsidized forex ($1=42,000 rials) for medicine import upon the orders from President Ebrahim Raisi. “$2.5 billion has been allocated for…
The government has cut its income forecast from bonds in the 2022-23 draft budget. In the proposed budget, published by the Planning and Budget Organization, the government plans to sell 880…
Tehran stocks left behind a bearish trend in the last trading week that ended on Wednesday with capital flowing out thanks to retail traders rushing for the exits. The benchmark of Tehran Stock…
The Securities and Exchange Organization has ordered manufacturers listed with the stock market to include data about energy consumption costs in their financial reports.
The government sold 71 trillion rials ($240 million) in bonds during the weekly auction held by the Central Bank of Iran. Unlike the past two rounds, banks made a bigger contribution but…
The Central Insurance company of Iran, the industry’s regulator, has welcomed the government's action plan to create the conditions for offering insurance risk securities, saying that it would…
The Iran Mercantile Exchange will unveil futures contracts backed by copper next week, the IME Derivative Market Department announced. As per a notice on imereport.ir, the first round of copper…
The Central Bank of Iran said it has intensified supervision over exchange bureaus and penalized offending moneychangers. In a press release seen on its website on Tuesday, the regulator said…
Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said.
