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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September 04,2020The stock market regulator met with institutional buyers, main stockholders and market markers on Thursday to mull ways to prop up the market suffering from retail traders distrust and sell-offs... -
September 04,2020The Central Bank of Iran outlined key measures to tame mounting inflation and guide it toward the ±22% target. In a press release on its website, the CBI linked the galloping inflation to the...
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September 02,2020The government divested shares worth 272 trillion rials ($1.2 billion) in 16 state-owned companies in one year ending August 2019, the Iranian Privatization Organization said a report. According...
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September 02,2020Tehran stocks again saw shareholders rushing for the exits at the close of trading session on Wednesday as investors’ hope about the market returning to the good old days faded. The benchmark of...
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September 02,2020The Central Bank of Iran in a bid to help facilitate micropayments on Tuesday unveiled a regulatory framework for fintechs dealing with electronic wallets. Banks and credit institutions are now...
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September 01,2020The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741 points. Sell-off hit most ticker symbols of large-cap shares from the...
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September 01,2020Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehran’s open market compared to prices quoted Thursday. The greenback was traded...
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September 01,2020Eghtesad Novin Bank, also known as EN Bank, put some of its nonfinancial assets on sale becoming the first private lender to tap the capital market for surrendering assets. The bank placed a...
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September 01,2020The Central Insurance company of Iran, the regulatory body, has plans to require insurers to convert all insurance procedures into digital format by the end of the current fiscal year in March 2021...
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September 01,2020A total of 9,080 homes were sold in Tehran during the fifth month of the current fiscal year (July -Aug. 21), registering a 35.4% decline compared with the preceding month and a 175.8% growth...
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August 31,2020Tehran stocks opened trade on Monday on a strong note amid rising demand for blue chips before retreating as offers increased by jittery investors. The main index of Tehran Stock Exchange, TEDPIX...
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August 31,2020The Economy Ministry has reported the performance of the domestic capital market in the year ending August 2020. It said the capital market had grown dramatically largely due to a package of...
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August 31,2020The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance. In a notice posted on its...
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August 30,2020The Central Bank of Iran’s monetary and forex policy is resilient and has resisted the perpetual hostility and economic sanctions of the United States, the bank’s governor said. In a note posted...
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August 30,2020The Central Bank of Iran in a statement said it will resort to legal action to counter efforts to seize its assets at Deutsche Boerse’s Clearstream unit. The statement was in response to reports...
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August 30,2020Contrary to authorized payment companies, banks have welcomed Iran’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network fees,...
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August 26,2020Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's...
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August 26,2020The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-...
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August 26,2020Tehran stocks pared more losses on Wednesday as demand for shares increased and investors began to line up in the buy spot. The main gauge of Tehran Stock Exchange, TEDPIX, climbed further 4.16%...
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August 26,2020Mineral companies affiliated to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) joined hands Wednesday to set up a fund for supporting listed mineral...
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August 25,2020The Iranian Privatization Organization published a notice Tuesday outlining details about subscription of government shares in four refineries via an exchange-traded fund. It called on the public...
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August 25,2020Foreign currencies recorded gains Tuesday in Tehran’s free market. The dollar shot up 3,600 rials, or 1.54%, to reach 233,000 rials. It had registered meager declines earlier in the week.
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August 25,2020State-owned Bank Melli Iran, the largest domestic lender, says it ceded nonfinancial assets worth 26.13 trillion rials ($113 million) in the first five months (March 20- August 21) of the current...
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August 25,2020Investors in the Tehran stock market heaved a sigh of relief Tuesday as market indicators turned green after eleven sessions of bear market. The main index of Tehran Stock Exchange, TEDPIX,...
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August 24,2020Tehran stocks suffered one more hit on Monday amid visible efforts by the regulatory body and institutional traders to prop up the market but to no avail because of rising sell-side pressure. The...
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