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 09,2020Insurance companies paid 26 trillion rials ($104 million) to hospitals and medical centers mostly to compensate medical bills related to Covid-19, head of the Central Insurance company of Iran said...
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December 09,2020The Majlis Research Center says overestimation of government revenues in the last fiscal budget (March 2019- 20) is the origin of galloping inflation. In a report on the financial performance of... -
December 08,2020The government has estimated 10 trillion rials ($38.46 million) for the procurement of coronavirus vaccine in the budget bill of the next fiscal year (March 2021-22), an official with Plan and...
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December 09,2020The benchmark of Tehran's stock market plunged deep into the red on Tuesday but upbeat performance of a giant listed copper company later in the day wiped much of the losses. Reopening of the...
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December 09,2020The Central Bank of Iran needs to concoct intermediate policies to be able to adjust to negative supply shocks and control monetary supply, the bank’s governor said. Speaking on state TV late...
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December 07,2020The Governor of the Central Bank of Iran Abdolnasser Hemmati said efforts to transfer money for buying the coronavirus have been futile due to United States economic siege. In a note posted on...
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December 07,2020Tehran stocks opened trade on Monday in positive territory only to jump later into the red under sell-side pressure. The main index of Tehran Stock Exchange, TEDPIX, gained 10,000 points at the...
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December 07,2020Iran Insurance Company (IIC) and ISACO, a major auto aftersales services company affiliated to Iran Khodro (IKCO), signed a deal on Monday to develop a joint platform for digitizing claims...
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December 07,2020Iran Fara Bourse, the junior equity market, hosted a subscription for units of a private equity fund on Monday -- the second of its kind. The fund is dubbed as Turquoise Servat Afarin Private...
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December 06,2020The nationwide payment settlement network, Shaparak, processed approximately 2.76 billion payments worth 4,379.55 trillion rials ($16.8 billion) in the calendar month to Nov. 20. Transactions were...
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December 06,2020Foreign exchange and gold prices in Tehran saw no significant swing for the second successive day. The US dollar gained 0.38% or 1,000 rials on Sunday and bought 258,000 rials in the open market...
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December 06,2020The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget. As per the draft published by...
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December 06,2020Tehran stock market extended a winning streak on Sunday with the benchmark of Tehran Stock Exchange climbing above 1.5 million points as positive developments boosted sentiment. TSE's main...
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December 06,2020After lukewarm performance in the past two sessions, small and large cap stocks gained on Saturday amid noticeable support from institutional traders. The market-cap weighted benchmark of...
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December 06,2020The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said. Restructuring was proposed by...
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December 06,2020Shaparak Company, the body in charge of supervising Iran’s e-payment network, is making concerted efforts to better detect fraud and improve security of the fledgling e-payment network, the company...
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December 06,2020The Central Bank of Iran has announced new guidelines for divesting non-financial assets of banks and credit institutions. The guidelines are as per provisions of the law to Remove Barriers to...
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December 05,2020The Central Insurance company of Iran, the industry’s regulatory body, is in the process of setting up a special fund to cover 30 million homes against natural disasters.
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December 05,2020The Majlis Research Center in a report explored the main reasons behind the sharp increase in consumer prices in the second quarter of the current fiscal year (June 21-Sept.21). "The Consumer...
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December 05,2020The government hopes to sell bonds worth about 750 trillion rials ($3 billion) in the 2021-2022 fiscal year. As per the new budget bill sent to parliament on Wednesday, the government said it...
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December 03,2020The government sold bonds worth 19.5 trillion rials ($78 million) at the weekly auction on Tuesday -- apparently higher compared with the nine months’ average but way lower than the previous week...
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December 03,2020Germany, France and Britain urged the Trump administration in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter legitimate humanitarian trade...
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December 02,2020The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the capital city Tehran during the second quarter of the current Iranian year (June...
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December 03,2020The government has put an end to subsidized currency rates ($1=42,000 rials) in the proposed 2021-22 fiscal budget, the spokeswoman for Plan and Budget Organization said. The cheap currency has...
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December 03,2020Gold prices and foreign exchange rates retreated on Wednesday after rallying for two consecutive sessions. The dollar lost 3.14% or 8,000 rials, and was quoted at 255,000 rials in Iran’s open...
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