Iran’s national currency pared more of earlier losses on Thursday, gaining 5.6% against the dollar in two days after tanking to all-time lows on Tuesday. The US dollar had gained 13%…
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>
Central Bank of Iran monthly report shows bad checks declined in number in the calendar month to May 20 but their value increased. Bad checks were worth 167 trillion rials ($870…
Tax incentives are bein considered for new companies that want to list on the stock market in the current fiscal year (March 2020-21).
Social Security Investment Company of Iran plans to offer 15% shares in one of its giant construction holding companies, Tamin Cement Investment Company, in the bourse, CEO of the SSIC said.…
The number of home sales in Tehran stood at 11,046 during the third month of the current Iranian year (May 21-June 20), indicating an increase of 80.3% compared with the same month of last year…
Shares in Tehran closed trading week Wednesday with large-cap companies rallying in the absence of significant demand for small stocks. The market-cap weighted benchmark of Tehran Stock…
Saman Insurance Company has extended its frontier by launching a subsidiary insurance company in Iraq. According to a press release published on the company's website, the insurer aims to help…
The Central Bank of Iran said Wednesday that it would set the cap on interest rates for interbank deposits at 12%, up from the previous 10%. In a press release on its website, the CBI said the…
The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial. ISNA reported that the CBI…
Bonds worth 61.5 trillion rials ($315 million) were sold in the fourth round of a series of weekly bond auctions held by the Central Bank of Iran. CBI hosts the auctions every Tuesday for…
Iranian export companies have refrained from returning $27.5 billion of their overseas revenues over the past two years, says an official with the Central Bank of Iran.
Tehran stocks made one of the biggest advances on Tuesday, rising almost 50,000 points as demand for most commodity shares remained high and increase in currency rates boosted inflation…
Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000 rials.
Tehran Stocks rallied on Monday as the unprecedented surge in currency rates continued to boost investor sentiments over future rise in share prices. The benchmark of Tehran Stock…
An Afghan bank may open a branch in Iran's Chabahar Free Trade Zone, Energy Minister Reza Ardakanian said, without mentioning the name.
Data released by the Central Bank of Iran shows sight deposits are growing at a higher pace and term deposits are increasingly losing appeal. Total sight deposits increased by 58.9% by…
Iran’s share market is booming on the back of huge inflow of fresh money and a substantial increase in investors in the past three months.
Tehran shares rallied again on Sunday as demand remained high for shares of large companies and amid sell-off in majority of smaller companies. The benchmark of Tehran Stock Exchange,…
The price of Emami gold coin rallied to an all-time high of 80 million rials ($410) on Sunday to post a 2.55% increase compared to Saturday's close. Forex rates also continued their mad dash.…
The Central Bank of Iran issued an ultimatum on Sunday to non-oil exporters to expedite repatriation of their overseas earnings. If they fail to comply their names will be made public through…
Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets. Hemmati pointed to the growing…
Data released by the Iranian insurance regulator show that insurers managed to increase their premium income by selling less popular insurance types such as fire and liability insurance. …
Major currencies continued to gain against the rial on Saturday with the dollar breaking past the critical 190,000 rials. The greenback was traded at 190,500 rials for the day, up more…
Tehran stocks opened trading week 3.3% higher on Saturday gaining close to 41,000 points as the market defied the negative political climate and rallied on rising currency prices. The rally put…
The Central Bank of Iran sold Islamic bonds worth 9 trillion rials ($48 million) in the third round of auction held on a weekly basis to sell government bonds. Seventy trillion rials ($…
