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.
July 21, 2023 18:51
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December 20,2021Forex and gold prices saw meager growth on Monday except for the Turkish lira that posted another significant drop during the day. Moneychangers sold the dollar at 301,000 rials slightly higher... -
December 19,2021An estimated 122.6 million bank cards were used at least once in the eight months of the current fiscal year that started in March, the company (Shaparak) in charge of supervising the domestic...
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December 19,2021Tehran stocks stumbled again on Sunday after a short-lived rally a session earlier with selloff pressure on almost all share categories. Crossing the 1.3 million level a day earlier, the benchmark...
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December 19,2021The government’s projected income from tax on stock trade has declined by a massive 40% in the 2022-23 draft budget. It expects to earn 104.2 trillion rials ($360 million) from tax on stock trade...
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December 19,2021Loan-to-deposit ratio increased to 81.8% by the end of the sixth month in this fiscal year – up 3.3% percentage points compared to the corresponding period last year. The ratio was up 0.6...
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December 18,2021The Industries Ministry and Central Bank of Iran signed a memorandum of understanding to coordinate the foreign trade programs of the former with the forex policy of the latter. According to a...
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December 18,2021After a weeklong bear market, Tehran stocks opened trading week Saturday on a strong note buoyed by reports that the government seeks to initiate a new support program. The benchmark of Tehran...
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December 18,2021The government plans to inject fresh capital into the Capital Market Stabilization Fund (CMSF) to stimulate the battered share market. Citing a recent decision taken by the Government Economic...
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December 18,2021The Central Insurance company of Iran published a report on the industry's sales stating that the number of branches and agents increased in the last fiscal year (March 2020-21). More than 83,900...
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December 17,2021The Central Bank of Iran said it has made available subsidized forex ($1=42,000 rials) for medicine import upon the orders from President Ebrahim Raisi. “$2.5 billion has been allocated for...
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December 17,2021Tehran stocks left behind a bearish trend in the last trading week that ended on Wednesday with capital flowing out thanks to retail traders rushing for the exits. The benchmark of Tehran Stock...
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December 17,2021The government has cut its income forecast from bonds in the 2022-23 draft budget. In the proposed budget, published by the Planning and Budget Organization, the government plans to sell 880...
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December 15,2021The Securities and Exchange Organization has ordered manufacturers listed with the stock market to include data about energy consumption costs in their financial reports. Companies are required...
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December 15,2021The Central Insurance company of Iran, the industry’s regulator, has welcomed the government's action plan to create the conditions for offering insurance risk securities, saying that it would...
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December 15,2021The main gauge of Tehran Stock Exchange, TEDPIX, closed trading week Wednesday slightly above the flatline. The market cap-weighted benchmark gained 1,373 points or 0.11% to end trading at 1,293,...
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December 15,2021The government sold 71 trillion rials ($240 million) in bonds during the weekly auction held by the Central Bank of Iran. Unlike the past two rounds, banks made a bigger contribution but...
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December 15,2021The Iran Mercantile Exchange will unveil futures contracts backed by copper next week, the IME Derivative Market Department announced. As per a notice on imereport.ir, the first round of copper...
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December 14,2021Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said. "Bank CEOs agreed to comply with rates set...
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December 14,2021The pressure from sellers of blue chips eased in Tehran’s share market on Tuesday, but majority of penny stocks were hit by the unrelenting sell-off. The market-cap weighted benchmark of Tehran...
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December 14,2021The Central Bank of Iran said it has intensified supervision over exchange bureaus and penalized offending moneychangers. In a press release seen on its website on Tuesday, the regulator said it...
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December 14,2021The government’s income forecast from selling stakes in listed companies has declined sharply in the proposed 2022-23 budget. It expects to generate 710 trillion rials ($2.3 billion) from its...
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December 13,2021Iran Fintech Association, a non-government society formed by founders of fintech applications, has again voiced opposition to the recently announced restrictions on financial facilitators. The...
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December 13,2021Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains. The dollar lost the psychological 300,000 rials support level and retreated to 298,000...
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December 13,2021Russian President Vladimir Putin lamented the fall of the Soviet Union and said he worked an extra job as a taxi driver after its collapse to make ends meet.
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December 13,2021Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget. This is 25% higher on...
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