Tehran stocks closed trading week Wednesday lukewarm for the second day amid decline in trade by retail investors. The benchmark of Tehran Stock Exchange, TEDPIX, gained 3,461 points or 0.27%…
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.
Iranian mills produced a total of 2.8 million tons of crude steel in January 2022, registering a 20.3% growth compared with the corresponding period of last year, according to latest data…
The Majlis on Tuesday allowed the government to take a $5- billion loan from Russia for development projects. The money is set to be used for completing development projects namely…
Data released by the Central Bank of Iran show that the growth in key indicators of monetary aggregates, namely monetary base and money supply, are losing pace. In a report on economic trends…
After sustaining hits in the beginning of trading week on Saturday, forex rates reversed course in the past two sessions along with the domestic bullion market. The US dollar clawed back near…
Tehran stocks closed Tuesday slightly higher thanks to the rally in transportation, refinery and some other commodities. The main index of Tehran Stock Exchange, TEDPIX, gained 3,287 points or…
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned lawmakers about passing legislation that put banks under additional financial pressure.
Tehran stocks closed trading session lower on Sunday as shares in majority of commodity and export companies tumbled following steep decline in currency prices. The market cap-weighted…
The Majlis on Sunday approved provisions of the next fiscal budget bill that require the government to set aside a bigger share of energy export revenue for the National Development Fund of Iran…
Extending previous losses, forex rates plunged further in Tehran on Sunday following new reports on the progress in the Iran nuclear talks in Vienna. The US dollar was traded at 256,300…
Banks should increase the share of housing loans from their total loans by four times to help meet the government's housing action plan, the CEO of Bank Maskan (main housing bank) said.
Leaving behind a lukewarm week, Tehran’s stock market again entered another period of looming uncertainty on Saturday. In choppy trade the benchmark of Tehran Stock Exchange, TEDPIX, lost 282.…
Head of the Iran Chamber of Commerce Industries Mining and Agriculture (ICCIMA) says banking restrictions are impeding funds for the struggling production sector.
Central Bank of Iran data show a sharp increase in bad checks in the month to January 20 while there was no significant change in overall check transactions. Total value of checks…
The National Informatics Corporation, the Central Bank of Iran's arm for developing financial solutions, is finalizing the long-awaited regulatory sandbox, the company's CEO said.
Forex rates in Tehran retreated at the end of trading week on Thursday after gains in the middle of the week. The US dollar closed at 264,500 rials in the free market, down 1.8% or 5,000…
Almost 87 trillion rials ($328 million) was paid in security deposit loans for those renting homes since the beginning of the current fiscal year in March 2021, an official at the Central Bank…
Banks gave 509.4 trillion rials ($1.92 billion) to 1,176 knowledge-based companies in loans in the first 10 months of current fiscal year (March 21- Jan 20). The amount was up 126.9%…
Government bond sale rebounded this week after buyers shunned offers in the past several months. Bonds offered in the primary market reached 66.4 trillion rials ($250 million) on Tuesday…
The benchmark of Tehran Stock Exchange, TEDPIX, closed trading week on Wednesday in negative territory, shedding 848.28 points or 0.07% to stand at 1,282,475.44. About 3.97 billion shares worth…
Banks continue to help fund the economy while the capital market struggles to improve its footprint financing businesses. The role of banks had diminished in the past two years due…
Iran and South Korea have held working-level consultations to discuss ways to resolve yearslong disputes over Tehran's assets frozen under US sanctions, Seoul's foreign ministry said Wednesday…
Shaparak Company, the Central Bank of Iran affiliated company supervising the domestic e-payment network, recorded 85% decline in phishing cases since the implementation of the mandatory one-…
An estimated 65,000 loans were given in three weeks after the announcement of a rare government initiative promoting collateral-free microloans. The Economy Minister Ehsan Khandouzi said…
The Money and Credit Council, the main decision-making banking and monetary body, has agreed to extend the repayment period for Qarzol-Hassanah (interest-free microcredit) loans. …
