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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July 01,2021The Cabinet on Wednesday appointed Ali Akbar Komijani as the new governor of the Central Bank of Iran. Born in 1951, Komijani was a vice-governor of the CBI since January 2014. He was the CBI... -
July 01,2021The dollar continued to gain against the national currency on Wednesday strengthening above the critical 250,000-rial level. In choppy trade the greenback made a brief retreat to 250,000 rials...
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July 01,2021To improve transparency in the stock market, the Securities and Exchange Organization said henceforth investors will have access to the price-to-sales ratio (P/S) via the market’s bulletin board...
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July 01,2021Investors showed some renewed interest in government bonds at the weekly auction after having shunned the debt market for months. In the sixth round of auctions in the current fiscal year that...
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June 30,2021Leaving behind a prolonged bearish trend, Tehran’s stock market is making a slow advance with the main gauge of Tehran Stock Exchange, TEDPIX, gaining close to 9% in 10 consecutive rallies.
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June 30,2021Despite mounting sell-side pressure in most share categories, Tehran stocks ended Tuesday’s session higher extending a 9-day winning streak. The benchmark of Tehran Stock Exchange, TEDPIX, gained...
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June 30,2021Iran Mercantile Exchange will soon launch futures contracts backed by gold exchange-traded funds, the IME deputy head for market development said. “In diversifying derivative instruments, the IME...
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June 30,2021Foreign exchange rates continued to rise on Tuesday with the dollar crossing the 25,000-rial range -- the highest in 11 weeks. The dollar was sold at 251,300 rials in Tehran's open market, up 1....
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June 30,2021A memorandum of understanding was signed on Tuesday by heads of the Iran Energy Exchange (IRENEX) and the High Council of Free Trade and Special Economic Zones to boost cooperation. The MoU calls...
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June 28,2021Due to chronic inflation and the rising need for bank loans, credit given by banks has increased dramatically in the past decade. Overall lending increased by almost 9.4 times over ten years,...
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June 28,2021The currency market recovered from a brief hiatus a session earlier to resume past rallies on Monday and bolstered the domestic bullion market.
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June 28,2021A total of 72 tons of gold reserves have been discovered in Iran over the past six years to increase the country’s total reserves of the precious metal to 201 tons, the news portal of the Iranian...
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June 28,2021The Central Bank of Iran says it will eliminate the identification requirement when bank customer enquire about the status of checks to help customers make sure about the validity of checks more...
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June 28,2021Tehran Stocks extended a winning streak into the eighth day on on Monday following demand for a handful of large caps. The main gauge of Tehran Stock Exchange, TEDPIX, gained 5,261.09 points or 0....
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June 28,2021Banks and credit institution took over possession of more than 1,700 properties from businesses that defaulted on their loans, said the secretary of the Coordination Council of State and Privatized...
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June 28,2021A sharp rally that dominated Tehran stocks for more than a week lost momentum on Sunday as sell off increased when most investors sold shares to save gains. The benchmark of Tehran Stock Exchange...
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June 28,2021Loans to deposit ratio stood at 80.2% in the last month of the previous fiscal year that ended on March 21, down 1 percentage compared to the preceding month. The ratio, however, increased by 0.8...
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June 28,2021The Central Bank of Iran is to authorize the first neobank by the March yearend but digital banking experts doubt the readiness of the banking industry to admit fully digital players. Last...
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June 27,2021Ten big banks operated more than 47,000 automated teller machines (ATMs) in Iran by April 21, accounting for 78% of the total.
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June 27,2021Tehran stocks opened higher on Saturday extending a winning streak into the sixth day. The benchmark of Tehran Stock Exchange, TEDPIX, closed 20,728.67 points or 1.71% higher, ending trade at 1,...
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June 27,2021The Social Security Investment Company, the biggest holding company in Iran, plans to increase its capital to a level unprecedented in the history of the Tehran Stock Exchange, the CEO of the...
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June 27,2021The Central Insurance company of Iran has banned seven companies from selling third-party auto insurance policies because of their failure to meet CII's deadline for cutting ties with unauthorized...
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June 23,2021The weekly government bond auctions held by the Central Bank of Iran again failed to attract buyers this week. One credit institution was the sole buyer in the fifth round, according to a press...
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June 23,2021Foreign direct investment into Iran declined almost 10% in 2020 compared to the year before, according to the United Nations Conference on Trade and Development (UNCTAD).
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June 23,2021The Securities and Exchange Organization and Industries Ministry signed a memorandum of understanding on Wednesday to inject “small funds” into business finance.
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