Central Bank of Iran data indicates a slight decline in the number of automated teller machines operating in one year. In the last fiscal year (March 2019-20) banks and credit…
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 average Consumer Price Index for home rents in urban areas in the last fiscal year (ended March 19, 2020) increased by 23.2% compared with the corresponding period of the year before.…
The Tehran bourse opened Monday amid sell-off pressure in early hours of trading as investors rushed to sell to save gains from previous rallies. However, the downturn was relatively…
The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’. As per the new law, four zeroes will be shaved off from the national currency. “Iran’s…
Stock market indicators climbed sharply again on Sunday as fresh liquidity fuels the relentless rallies despite serious concerns the market could crash. At the close of trading session on…
Shaparak, the nationwide payment network, processed 1.92 billion transactions worth 1,978 trillion rials ($ 12.3 billion) during the Iranian month to April 20 – down 15.7% in volume and 39.71%…
Unusually large volumes of liquidity is flowing into non-productive sectors and speculative markets, instead of boosting manufactures, an economist says. “Directing liquidity toward…
Government spokesman Ali Rabiei Saturday announced a timeframe to divest government shares in state-owned companies in three phases. The first commenced today. The government has issued a…
Symbol tickers of all companies listed on the Tehran Stock Exchange and Iran Fara Bourse (the junior equity market) were in the green Saturday amid renewed rush to buy shares.
The widening gap between the bid prices of foreign currency and their purchase in the secondary forex market could undermine the export sector growth, head of Iran Export Confederation said.…
The Benchmark of Tehran Stock Exchange climbed more than 365,000 points and gained 71% during 25 trading sessions since the beginning of the current fiscal year (March 20). A total…
In a report appraising government plans to divest its shares in state-run companies, the Majlis Research Center says it needs more in-depth studies and the plan should be suspended, for now.…
The governor of the Central Bank of Iran says issuing bonds is appropriate for plugging the budget deficits. In a note on his Instagram account Friday, Abdolnasser Hemmati said issuing…
The National Development Fund of Iran has injected 20 trillion rials ($125 million) to agent banks to help boost non-oil exports, a deputy industry minister said. "The money was deposited with…
Tehran stocks gained 32,000 points at the close of trading week on Wednesday to push the benchmark of Tehran Stock Exchange 3.8% higher. The market saw a highly rewarding week with daily…
Banks lent 9,750 trillion rials ($62.9 billion) to businesses in the last fiscal year (March 2019-20), which was up by 2,012 trillion rials or 26% compared to the year before. The Central…
The initiative to ease restrictions on trading the so-called Justice Shares will allow Justice Shares worth 3,000 trillion rails ($18.75 billion) to be offered Iran’s stock market, head of the…
Banks and credit institutions lent 137.6 trillion rials ($860 million) to 1,108 knowledge-based companies in the last fiscal year that ended on March 19. The figures indicate 74.5% hike…
Tehran stocks extended weeks of consecutive rallies on Tuesday as demand remained high for shares of big listed companies. The main gauge of Tehran Stock Exchange, TEDPIX, gained 25…
The number of bounced checks jumped in the month to March 19, marking the end of last fiscal year when the coronavirus spread in Iran hammering businesses in a way unseen in decades. A…
A review of bank debit card transactions shows that more than 228.4 million cards are either inactive and have had no transaction for long. Citing data from the Central Bank of…
Iranian Insurers’ Syndicate has asked the Ministry of Economy for financial aid to the industry burdened by the impact of the coronavirus spread. Mohammad Karimi, the IIS secretary general in a…
Unfulfilled commitments by importers of essential goods have decreased substantially thanks to measures by the Central Bank of Iran 18 months ago, an official with the bank said.
Tehran Stocks surged 28,543 points Sunday logging 3.7% growth to stand at 797,863 points, drawing nearer to the uncommon 800,000 points.
A review of the performance of financial markets in the 2019-20 fiscal shows investment in the currency and gold market yielded the lowest returns, and the stock market delivered the highest…
