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.

  • Shares Slump
    Tehran Stock Exchange's main index, TEDPIX, lost 16,348.23 points or 0.89% on Wednesday to end at 1,821,771.06 and the TSE equal-weighted index dipped 0.17%. About 16.75 billion shares worth 102....
  • Rial Pares Losses 
    Currency rates dropped in Tehran’s unofficial markets after months of record highs. The US dollar traded at 525,000 rials on Wednesday in the open market down 2.4% on the previous day.  The euro...
  • Stocks Log Gains 
    Tehran Stock Exchange's main index, TEDPIX, gained 29,046.47 points or 1.61% on Tuesday to end at 1,838,119.40. The TSE equal-weighted index was up 0.81%. About 18.79 billion shares worth 105.9...
  • Gov't, State Banks to Issue New Debt
    The government can raise up to 2,000 trillion rials ($4.65 billion) from bonds based on the proposed 2023-24 budget. Lawmakers this week approved the cap for government debt. Bonds are largely...
  • $2b Supplied via ICE in First Week After Launch
    The Central Bank of Iran said $2 billion was supplied to the market via the newly-created Iran Center of Exchange (ICE) in the first week of its operation.  From the total forex offered via the...
  • Stocks Finish Mixed
    Tehran Stock Exchange's main index, TEDPIX, gained 4,774.18 points or 0.26% on Monday to end at 1,809,073.81 but the TSE equal-weighted index lost 0.36%. About 21.56 billion shares worth 122.84...
  • MRC: Gov’t Should Be Responsible for Sale of Excess Assets of Banks
    The Majlis Research Center has proposed amendments to rules to help ease the sale of excess assets of state-owned banks.  In a report seen on the MRC website, the influential body suggested that...
  • New Bid to Prop Up Rial 
    The ‘Council for Coordination of the Three Branches of Power’ has decided to delegate more authority to the Central Bank of Iran to enable it prop up the rial and stabilize the chaotic forex market...
  • TSE Extends Winning Streak 
    Tehran Stock Exchange's main index, TEDPIX, gained 65,517.30 points or 3.77% on Sunday to end at 1,804,299.04 while the TSE equal-weighted index added 2.04%. About 26.8 billion shares worth 156.66...
  • ETF Trade Up 146%
    Trade via exchange-traded funds at Iran Fara Bourse (IFB) reached 85,403 trillion rials ($170.8 billion) in the first eleven months (ended Feb. 22) of the calendar year -- 146% higher on the same...
  • Interbank Rates at Record High
    Interbank rates continued to climb last week reaching the highest level in seven years. According to EcoIran Web TV, rates posted 0.75% growth during the week to February 23, to reach 23%. ...
  • FATF Keeps Iran on Blacklist 
    The global anti-money laundering watchdog, the Financial Action Task Force (FATF), will maintain Iran's position on its blacklist until the country completes its full Action Plan.  "If Iran...
  • Tehran Stocks Show Resilience 
    Tehran Stock Exchange's main index, TEDPIX, gained 82,188.58 points or 4.96% on Saturday to end at 1,738,782.27, posting the highest daily growth in recent months and displaying some rare...
  • Senior Gov’t Officials Talk Runaway Forex/Gold Prices
    First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief lawmakers on the state...
  • Bond Investors Stay Put 
    The bond market again signaled unease as investors remain unimpressed despite rising yields as seen over the past several months.  The government managed to sell some bonds in the last weekly...
  • CryptoRial Getting Closer to Reality  
    The Central Bank of Iran says the pre-pilot phase of its Central Bank Digital Currency project, CryptoRial, is complete and now in its pilot phase.  "The pre-pilot phase ended successfully with...
  • 18% Increase in IME Trade 
    An estimated 10.399 million tons of goods were traded in the spot market of the Iran Mercantile Exchange (IME) in the last calendar month to Feb 22. Compared to the month before, the deals...
  • Insurance Innovation Center Launched
    The Central Insurance company of Iran (CII) has launched its long-awaited innovation center to promote innovative solutions for growing sector. Speaking at the opening ceremony of the center on...
  • Major Indices Fall
    TEDPIX, the main index of Tehran Stock Exchange, lost 2,822.67 points or 0.17% on Wednesday to end at 1,656,593.35 and the TSE equal-weighted index slumped 0.76%. About 14.8 billion shares worth...
  • Bounced Checks Down 9.7%
    An estimated 450,000 checks bounced in the eighth fiscal month ending January 22, down 9.7% on the previous month as banks cleared more checks compared to the recent past.  The total checks were...
  • Iran, China Discuss Boosting Trade in National Currencies
    Economy Minister Ehsan Khandouzi says Iran and China talked about increasing the share national currencies in two-way trade during President Ebrahim Raisi's visit last week to Beijing. 
  • TEDPIX Up 4.09% 
    Tehran Stock Exchange's main index, TEDPIX, gained 65,154.31 points or 4.09% on Tuesday to end at 1,659,416.45. The TSE equal-weighted index climbed 2.82%. About 18.7 billion shares worth 115.4...
  • CGTR Is Set to Play Bigger Role
    The Central Bank of Iran wants to gradually expand the scope of the newly-established Currency and Gold Trade Center (CGTR) so that it could replace the free (unofficial) market, the CBI governor...
  • CBI Says to Use New Credit Rating System
    The Central Bank of Iran will announce a new mechanism for assessing bank customers' credibility in the next Iranian year (starts March 21), the CBI deputy head for innovative technologies said...
  • New Center for Forex and Gold Is Launched
    The Central Bank of Iran officially unveiled the Currency and Gold Trade Center apparently in the latest bid to control forex and gold prices that have jumped to levels unseen in the history of the...

Pages

Financialtribune.com