The Iran Energy Exchange and Iran Mercantile Exchange, the two commodity exchanges, approved capital increase this week. In their annual general meetings the two took stock of the capital…
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.
Iran’s Trade Promotion Organization in a notice urged exporters to meet the Sept 21 deadline to repatriate their forex income. The deadline is for businesses that exported goods in…
The Central Bank of Iran says volatility in the currency market is ephemeral. In a press release published on its public relations website, it said “macroeconomic variables improved last year…
A total of 363 companies are responsible for the majority of the unreturned overseas export income, an official with Iran’s Trade Promotion Organization said. “They have not repatriated forex…
A recent study estimates that information technology investment barely accounts for 1.73% of Iranian banks' annual spending. This is while a sharper focus on the key sector can and will boost…
Tehran stocks were choppy on Sunday. The market opened in negative territory before briefly moving to the positive side in mid-trade and returning into the red zone again. Despite the ease in…
Foreign exchange rates in Tehran started the week without fanfare as the market takes a wait-and-see approach given the uncertainty surrounding the extended nuclear talks in Vienna and the…
The Trade Promotion Organization of Iran gave export incentives to the tune of 33 trillion rials ($132 million) to 200 plus companies, the TPO chief said. Hamid Zadboum said the support was in…
The nationwide electronic payment network, known as Shaparak, handled 3.3 billion transactions worth 5,527.27 trillion ($22.1 billion) during the third month of the current fiscal ending June 21…
Tehran stocks bucked a rising trend on Saturday that lasted for 10 sessions in a row as sell-side pressure mounted again in most large caps.
With the decline in number of deals and noticeable investor reluctance, income tax from share trade declined sharply in the first quarter of current fiscal year (March 21-June 21). Also known…
The Majlis Industries and Mines Commission has completed examining a bill that calls for auto marketing via the Iran Mercantile Exchange. Dubbed as “Disciplining the Auto Industry”, the bill…
Lawmakers reportedly have a plan for disciplining the cryptocurrency market, one of the articles of which requires licensed miners to regularly report the Central Bank of Iran regarding their…
To improve transparency in the stock market, the Securities and Exchange Organization said henceforth investors will have access to the price-to-sales ratio (P/S) via the market’s bulletin board…
The Cabinet on Wednesday appointed Ali Akbar Komijani as the new governor of the Central Bank of Iran. Born in 1951, Komijani was a vice-governor of the CBI since January 2014. He was the CBI…
Investors showed some renewed interest in government bonds at the weekly auction after having shunned the debt market for months. In the sixth round of auctions in the current fiscal year that…
The dollar continued to gain against the national currency on Wednesday strengthening above the critical 250,000-rial level. In choppy trade the greenback made a brief retreat to 250,000 rials…
Leaving behind a prolonged bearish trend, Tehran’s stock market is making a slow advance with the main gauge of Tehran Stock Exchange, TEDPIX, gaining close to 9% in 10 consecutive rallies.
Iran Mercantile Exchange will soon launch futures contracts backed by gold exchange-traded funds, the IME deputy head for market development said. “In diversifying derivative instruments, the…
A memorandum of understanding was signed on Tuesday by heads of the Iran Energy Exchange (IRENEX) and the High Council of Free Trade and Special Economic Zones to boost cooperation. The…
Foreign exchange rates continued to rise on Tuesday with the dollar crossing the 25,000-rial range -- the highest in 11 weeks. The dollar was sold at 251,300 rials in Tehran's open market…
Despite mounting sell-side pressure in most share categories, Tehran stocks ended Tuesday’s session higher extending a 9-day winning streak. The benchmark of Tehran Stock Exchange, TEDPIX,…
A total of 72 tons of gold reserves have been discovered in Iran over the past six years to increase the country’s total reserves of the precious metal to 201 tons, the news portal of the…
Due to chronic inflation and the rising need for bank loans, credit given by banks has increased dramatically in the past decade. Overall lending increased by almost 9.4 times over ten years,…
The Central Bank of Iran says it will eliminate the identification requirement when bank customer enquire about the status of checks to help customers make sure about the validity of checks more…
