Mehr Eghtesad Bank officially merged with Bank Sepah on Monday, becoming the second military-affiliated bank in Iran to merge with the state-owned Sepah. Mohammad Kazem Choghazardi, CEO…
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.
The Monetary and Banking Research Institute has proposed a series of proposals to supplement previous measures to cope with negative impact of Covid-19 on the economy.
The main gauge of Tehran Stock Exchange climbed more than 1.8% on Monday adding 17,708 points to stand at 988,188 points, drawing closer to the 1,000,000 milestone.
The remarkable performance of Iran’s share market in recent months can attract foreign investors, the deputy foreign minister for economic affairs said. In a review of the Foreign…
Brokerage firms processed 7,024 trillion rials ($41 billion) in stock market deals in the first two months of the current fiscal year (March 20 to May 20), around 40% of which was handled by…
In the first Central Bank of Iran auction of Islamic bonds on Tuesday, the government generated 51 trillion rials ($300 million). The move to open a primary interbank market for bond auctions…
Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of injecting foreign currency into the market to control forex rates.
In a press release outlining reasons behind the monumental growth in liquidity in recent months, the Central Bank of Iran blamed borrowing from the National Development Fund of Iran and the new…
The price of Emami gold coin fell by 2.2% on Saturday in Tehran after posting a near permanent increase for weeks. According to the Tehran Gold and Jewelry Union website, the coin was…
Transactions processed by Iran’s electronic payment network (Shaparak) shot up in the last calendar month to May 20 as businesses gradually opened after lockdowns over the coronavirus pandemic…
The benchmark of Tehran Stock Exchange moved to new highs at the start of trading week on Saturday amid renewed investor sentiments toward the market’s future. TSE’s main gauge, TEDPIX,…
The government’s decision to offer its stakes in several companies in the stock market and allow the so-called ‘Justice Shares’ to be tradable saved the bourse from a potential bubble…
Association of Bureaux de Change Operators of Iran has required authorized moneychangers to keep a record of their daily operations in the central bank-affiliated SANA system and Nima platforms…
Tehran stocks experienced one of its best days on Sunday climbing more than 4.4% as sentiments were boosted by new government pledges to support the market. The benchmark of Tehran…
The Purchasing Managers' Index in the second month of the current fiscal year (April 20-May 20) settled at 60.55 from 18.75 in the preceding month (March 20-April 19), showing signs of recovery…
Bank Melli Iran, the biggest lender, accepted 14,000 marriage loan applications worth 7.4 trillion rials ($43.5 million) during the first two months of current fiscal year (March 20-May 20).…
Deposits in banks and credit institutions increased by more than 5,500 trillion rials ($32.3 billion) in one year ending Feb 19, indicating 27.5% rise compared to the corresponding period a year…
Iranian exporters’ difficulties in getting paid by their foreign buyers is a major risk to their business, says the managing director of Export Guarantee Fund of Iran. Pointing to…
After sold gains in four previous sessions, Tehran stocks appeared lukewarm on Monday as investors were more inclined to sell and save gains. The main index of Tehran Stock…
Close to 50% of the population in Iranian metropolises are living in rented homes, a deputy roads and urban development minister said. Mahmoud Mahmoudzadeh added that findings of the National…
The CBI said Tuesday 49 trillion rials ($288 million) worth of government bonds were sold to banks on Tuesday in the second round of bond auctions organized by the Central Bank of Iran. …
Credit cards seem to be gaining traction among Iranians. The total number of active credit cards is close to 80,000. However, comparing this number to the previous month shows 121.13% growth. A…
After rising more than 1% at the opening of trade, Tehran stocks closed Tuesday’s session near a flatline as sell-off pressure mounted in the final hours of the session. The main index of…
The Government-Private Sector Dialogue Council on Tuesday approved seven proposals out of nine to ease rules and procedures for repatriation of exporters’ overseas earnings and help promote the…
Tehran Stock Exchange closed Wednesday’s session 3.18% higher, with its main gauge, TEDPIX, gaining 35,561 points to close trading week at an all-time high of 1,153,679 points. The rally…
