After holding back two days, foreign exchange rates clawed back on Tuesday, paring some of the losses. The dollar had hit the strong support level of 270,000 rials on Monday but moved toward…
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.
More 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.
The 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…
Despite 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…
The 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. As per the…
More 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. Underlying assets traded were…
The 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…
Foreign exchange rates pared more of their previous gains on Monday dragging down gold prices in the domestic market. The dollar retreated further toward 270,000 rials in Tehran’s open market,…
Tehran 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 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…
After days of consecutive rallies, foreign exchange and gold prices dropped in Tehran on Sunday spurring a bout of selling. The dollar bucked a month-long rising trend and retreated to…
Stock 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.…
Lending 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…
An 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…
The 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…
Financial 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,…
Total 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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The 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. The greenback closed the day…
Prices 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.…
Investment funds hold assets worth 5,300 trillion rials ($19.6 billion) in their portfolios, an official with the Securities and Exchange Organization said.
The 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-…
Tehran’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.
Iran 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…
Tehran stocks were choppy at the close of trading week on Wednesday and most large caps recovered from an early sell- side pressure. With rise in demand in final hours of the session, the…
The 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.
