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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June 24,2020Iranian export companies have refrained from returning $27.5 billion of their overseas revenues over the past two years, says an official with the Central Bank of Iran. "A portion of the total is... -
June 24,2020Iranian rial hit new lows against major currencies on Tuesday with the US dollar breaking above the psychological 200,000 rials. After tumbling near the critical level a day earlier, the...
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June 24,2020Shares in Tehran closed trading week Wednesday with large-cap companies rallying in the absence of significant demand for small stocks. The market-cap weighted benchmark of Tehran Stock Exchange,...
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June 24,2020The Central Bank of Iran said Wednesday that it would set the cap on interest rates for interbank deposits at 12%, up from the previous 10%. In a press release on its website, the CBI said the...
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June 24,2020Bonds worth 61.5 trillion rials ($315 million) were sold in the fourth round of a series of weekly bond auctions held by the Central Bank of Iran. CBI hosts the auctions every Tuesday for Islamic...
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June 24,2020Tehran stocks made one of the biggest advances on Tuesday, rising almost 50,000 points as demand for most commodity shares remained high and increase in currency rates boosted inflation...
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June 24,2020Saman Insurance Company has extended its frontier by launching a subsidiary insurance company in Iraq. According to a press release published on the company's website, the insurer aims to help...
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June 24,2020The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial. ISNA reported that the CBI...
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June 22,2020An Afghan bank may open a branch in Iran's Chabahar Free Trade Zone, Energy Minister Reza Ardakanian said, without mentioning the name. "Afghanistan is exempt from sanctions…[therefore] Afghan...
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June 22,2020Iran’s share market is booming on the back of huge inflow of fresh money and a substantial increase in investors in the past three months. The managing director of Securities and Exchange...
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June 22,2020Tehran Stocks rallied on Monday as the unprecedented surge in currency rates continued to boost investor sentiments over future rise in share prices. The benchmark of Tehran Stock Exchange,...
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June 22,2020Data released by the Central Bank of Iran shows sight deposits are growing at a higher pace and term deposits are increasingly losing appeal. Total sight deposits increased by 58.9% by the end...
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June 21,2020Tehran shares rallied again on Sunday as demand remained high for shares of large companies and amid sell-off in majority of smaller companies. The benchmark of Tehran Stock Exchange, TEDPIX,...
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June 21,2020The Central Bank of Iran issued an ultimatum on Sunday to non-oil exporters to expedite repatriation of their overseas earnings. If they fail to comply their names will be made public through the...
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June 21,2020Data released by the Iranian insurance regulator show that insurers managed to increase their premium income by selling less popular insurance types such as fire and liability insurance.
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June 21,2020The price of Emami gold coin rallied to an all-time high of 80 million rials ($410) on Sunday to post a 2.55% increase compared to Saturday's close. Forex rates also continued their mad dash. ...
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June 21,2020Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets. Hemmati pointed to the growing appeal...
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June 20,2020Tehran stocks opened trading week 3.3% higher on Saturday gaining close to 41,000 points as the market defied the negative political climate and rallied on rising currency prices. The rally put the...
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June 20,2020Major currencies continued to gain against the rial on Saturday with the dollar breaking past the critical 190,000 rials. The greenback was traded at 190,500 rials for the day, up more than 2,500...
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June 20,2020The Central Bank of Iran sold Islamic bonds worth 9 trillion rials ($48 million) in the third round of auction held on a weekly basis to sell government bonds. Seventy trillion rials ($380...
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June 19,2020Iran and Iraq will invoke past agreements to expedite settlement of Iraqi arrears using a trading mechanism designed to supply basic goods to Iran. Governor of the Central Bank of Iran...
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June 19,2020The nationwide online database of all residential properties across the country will be completed and put at the Iranian National Tax Administration’s disposal by next week, Mahmoud Mahmoudazadeh,...
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June 19,2020The US dollar added another 2,500 rials on Thursday in Tehran's free market to close trade at 187,500 rials -- the highest closing price ever. Its latest ascend started last Saturday and raised...
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June 19,2020Iran’s foreign debt was $9.031 billion at the end of last fiscal year that ended in March, dropping slightly from $9.339 billion at the end of fiscal 2018-19 to register 3.4% decline. Medium and...
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June 15,2020A review of the stock, currency, gold and housing markets shows that although all four displayed upbeat performance in the first calendar month of current fiscal year (March 20- April 19), there...
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