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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November 01,2020The US dollar rally resumed Sunday against the national currency after retreating 17% from the record high of 320,000 rials reached two weeks ago. The greenback advanced during the session...
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November 01,2020After a short-lived rally a session earlier, share prices dropped in Tehran amid sell-off pressure and uncertainty over future developments. The main index of Tehran Stock Exchange, TEDPIX, was...
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November 01,2020Data released by the Central Bank of Iran show a significant increase in monetary indicators during the first six months of current fiscal year (March 20- Sept. 21), raising fresh concerns about... -
October 31,2020The Central Bank of Iran has required banks to charge customers higher fees for banking operations in rial and electronic banking services. New banking fees will be implemented from Nov. 22, the...
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October 31,2020The national currency pared earlier losses at the beginning of trading day on Saturday as sentiment in the forex market weakened following new measures announced by the Central Bank of Iran...
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October 31,2020After nine consecutive sessions of bear market, the Tehran share market bucked the trend as indicators reached strong support levels. Led by blue chips, the main index of Tehran Stock Exchange,...
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October 30,2020The value of bounced checks in the month to Sept. 21 jumped 7.9% compared to the earlier month to reach 205 trillion rials ($732 million). The number of bad checks was 864,000 posting 8.8% growth...
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October 30,2020The Central Bank of Iran said it injected $450 million into the market to help stabilize the volatile market and control foreign exchange rates. In a press release published on its website, the...
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October 30,2020The government on Wednesday again adjusted rules for the repatriation of non-oil export revenues that has long become a bone of contention. Approved by the ‘Headquarters for Economic Coordination...
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October 28,2020After eight consecutive sessions of bear market, Tehran stocks showed signs of recovery on Wednesday as some sell-off pressure eased in the later hours of trade. Adding to the string of losses,...
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October 28,2020Banks and non-bank financial institutions again refused to participate in the weekly bond auction held by the Central Bank of Iran on Tuesday. This was the fifth weekly government bond auction...
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October 28,2020The currency and gold coin markets on Wednesday fluctuated posting drops after Tuesday's gains. The US dollar lost 2.5% or 6,000 rials during the day to close at 280,000 rials at Tehran’s open...
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October 28,2020State-owned Bank Melli Iran, the largest domestic lender, says it sold assets worth 56 trillion rials ($200 million) in the first six months (March 20-Sept. 21) of the current fiscal year. The...
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October 27,2020Not complying with standards of the Financial Action Task Force, the international anti-money laundering watchdog, has further undermined Iran’s access to international banking and financial...
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October 27,2020Foreign exchange and gold prices in Tehran increased on Tuesday after posting declines in the past couple of days. The US dollar gained 1.74% and climbed to 286,000 rials after falling 3.2% on...
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October 27,2020The Central Bank of Iran has paid the rial equivalent of €600 million demanded by the Health Ministry to help medical workers cope with the rapidly spreading Covid-19 pandemic, the CBI governor...
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October 27,2020Tehran stocks plunged Tuesday amid relentless sell-off that has continued for eight days in a row. The main index of Tehran Stock Exchange, TEDPIX, lost 2.6% for the day. Shedding 34,628 points,...
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October 26,2020In the first six months of the current fiscal year banks and credit institutions paid 6,967.2 trillion rials ($25 billion) in loans to businesses. Based on data from the Central Bank of Iran, the...
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October 26,2020The 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...
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October 26,2020Tehran’s equity market plunged deeper in the red Monday as panic selling in almost all range of shares continued, raising fresh concerns about the fate of the collapsing market. Extending a...
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October 26,2020The 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 rials in...
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October 25,2020The 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...
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October 25,2020Iran’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 by the...
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October 25,2020The 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 account...
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October 25,2020More 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 trillion...
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