The Central Bank of Iran has no plan to increase deposit rates, the governor, Abdolnasser Hemmati, said in response to recent rumors about the likelihood of higher interest rates to help prop up…
Business And Markets
<p>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.</p>
The US dollar pared more of the early gains against the national currency amid efforts by the Central Bank of Iran to intervene in the market and balance rates. It was traded at 281,000…
Iran’s government on Saturday ratified regulations for legal cryptocurrency mining, as per which cryptocurrency mined by authorized miners would be used for imports. The measure proposed…
More than 28 million barrels of gasoline were sold at the international ring of Iran Energy Exchange on Wednesday -- a record both in terms of value and volume. The gasoline was worth 230…
The Governor of Central Bank of Iran Abdolnasser Hemmati says the government will expand barter trade as the US sanctions make export transactions difficult. In a post on his social media…
The Financial Action Task Force, the global dirty money watchdog, on Friday agreed to revamp its standards to beef up monitoring of financing aimed at evading US and United Nations sanctions and…
The main index of Tehran Stock Exchange, TEDPIX, closed the trading week Wednesday in negative territory shedding another 7,000 points. The TSE’s benchmark finished trade 0.5% lower to…
Oil byproducts worth $100 million were traded in the international ring of the Iran Energy Exchange in the month to October 18. Gasoline was at the top of list with total trade value of $…
More than 2.7 billion transactions were processed by automated teller machines in the first six months of the current fiscal year (March 20- Sept. 21), indicating a slight decline compared to 2.…
The US dollar made a strong comeback on Wednesday in Tehran’s open market after a steep decline a session earlier. Gold prices also followed suit. After a temporary hiatus on Tuesday, the…
The weekly government bond auction held by the Central Bank of Iran was again received coldly by investors for the fourth time in a row as no banks and credit institutions put in bids. …
Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran.
Sell-off continued battering Iran’s share market on Tuesday with the benchmark of the Tehran Stock Exchange, TEDPIX, having lost more than 10% in the past three sessions. TEDPIX extended…
There is growing pessimism among capital market players and shareholders of steel companies over a government decision to intervene in the pricing of steel products in the Iran Mercantile…
Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran.
Tehran stocks dived deeper on Monday extending a losing streak into the fifth session amid relentless sell-off of shares by investors in panic. Losing 51,989 points, or 3.43%, the benchmark of…
The Central Bank of Iran says it has conducted the first repurchase agreement (repo) operation to implement the open market operation to regulate interbank interest rates.
Currency rates retreated further from historic highs on Monday as the Central Bank of Iran intensified efforts to intervene in the chaotic market. Gold saw a similar fate. The US dollar dropped…
Stocks in major listed companies closed Sunday’s session under heavy sell-off pressure amid mounting uncertainty among investors about what lies ahead. The main index of Tehran Stock…
The insurance industry's total premium is expected to fall short of expectations in the current Iranian fiscal year, largely due to the ruinous Covid-19, rising inflation and forex rates…
Gold and dollar prices declined on Sunday after posting new highs a day earlier. The half Azadi coin lost 5.82% or 5 million rials to be sold for 86 million rials. The quarter Azadi coin also…
The US dollar jumped to an all-time high of 320,000 rials on Thursday, despite the central bank’s move to inject currency in the forever rising market. The dollar finished the week at 320…
In a report on macroeconomic variables, the Central Bank of Iran said soaring foreign exchange rates could buck the declining trend of inflation in the coming months. Tracking inflation…
The Ministry of Economy says that the capital market has expanded its role in contributing to the economy thanks to the share market and rise in the number of investors.
Tehran stocks closed the last day of trading week Wednesday in the red amid mounting selloff pressure. The main index of Tehran Stock Exchange, TEDPIX, lost 18,259 points, declining 1.16% to…
