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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May 11,2020Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by... -
May 11,2020Justice Shares would be offered on a gradual basis to avoid hurting share prices resulting from oversupply, head of the Iranian Privatization Organization said. Justice Shares are shares of big...
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May 11,2020Tehran Stocks closed Monday a little below the flat line before bouncing back into positive territory as investors went for SAIPA shares in after-hour trade. The benchmark of Tehran...
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May 11,2020Interest rates for interbank lending dropped 3.9% in the last fiscal year (March 2019-20) compared to the year before, according to Central Bank of Iran data. The lending rate dropped from an...
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May 10,2020After breaking past the key 1,000,000 points one day before, Tehran stocks moved further up on Sunday. The benchmark of Tehran Stock Exchange, TEDPIX, gained another 2.2% adding 23,035 points to...
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May 10,2020Total market capitalization of four bourses in Iran reached 35,215 trillion rials ($220 billion) in mid- April. The figure was 26,149 trillion rials ($163 billion) a month earlier, indicating...
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May 10,2020The High Council of Economic Coordination approved a proposal Sunday to increase capital of the Export Guarantee Fund of Iran, the main export credit agency. The council, which is an ad-hoc body...
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May 10,2020Lawmakers on Sunday voted in favor of modifying laws related to currency and goods smuggling, increasing fines and penalties for those who smuggle foreign currency to and from Iran. They set a...
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May 09,2020Bank Melli Iran, the largest domestic lender, paid 239,000 plus marriage loans to newlywed during the last fiscal year that ended in March. According to BMI’s news portal, the total amount of ...
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May 09,2020Gold in the domestic market is being traded at all-time highs with analysts warning about bubbles in the price of the precious metal. Emami gold surged more than 2.5% Saturday and was traded at...
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May 09,2020After tumbling near psychological levels in two successive sessions, the benchmark of TSE made history on Saturday to comfortably climb above 1,000,000 points. It was the TSE’s all-time record in...
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May 08,2020Iran’s capital market made available 2,650 trillion rials ($16.5 billion) in funds for the government and listed companies in the last fiscal year (March 2019-20). The amount was 111% higher than...
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May 08,2020The Ministry of Roads and Urban Development plans to tap the existing capacity of Iran Mercantile Exchange to fund projects in the transportation and housing sector, an official with the ministry...
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May 06,2020Iran’s stock exchange regulator is easing conditions for issuing trading codes for new investors, cut red tape, encourage more people to the bourse and put the market on a stronger footing. ...
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May 06,2020After a long halt due to lack of buyers, oil officials in Tehran resumed trading crude oil at the Iran Energy Exchange on Wednesday. State-owned National Iranian Oil Company put 1 million barrels...
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May 06,2020The main gauge of Tehran Stock Exchange closed trading week Wednesday in negative territory to buck a bullish trend that dominated the market for 21 consecutive sessions. The TSE benchmark,...
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May 06,2020Central Bank of Iran data indicates that the percentage of banks’ outstanding loans to deposits declined again in the calendar month to January 20. The loan to deposit ratio (LDR) stood at 78.6%...
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May 06,2020Bank Maskan, the agent bank of Iran’s housing sector, declared in its latest report that the value of loans allocated in the last fiscal year that ended on March 19, 2020, increased by 17.5%...
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May 05,2020Central Bank of Iran data indicates a slight decline in the number of automated teller machines operating in one year. In the last fiscal year (March 2019-20) banks and credit institutions...
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May 05,2020Iran Insurance Research Center has reviewed the impact of covid-19 spread on the key industry, projecting a decline of 15.07% in premiums in the first quarter (March 21-June 1) of the current...
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May 05,2020The government decision to lop four zeroes off the national currency could have some positive impact on the stock market, analysts say. The move would seemingly have little influence on the...
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May 05,2020The average Consumer Price Index for home rents in urban areas in the last fiscal year (ended March 19, 2020) increased by 23.2% compared with the corresponding period of the year before. The...
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May 05,2020While it was 2% shy of moving past the psychological 1,000,000 points, Tehran stocks slipped on Tuesday as sell-off pressure swept through a broad range of shares. The benchmark of Tehran Stock...
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May 04,2020The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’. As per the new law, four zeroes will be shaved off from the national currency. “Iran’s...
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May 04,2020The Tehran bourse opened Monday amid sell-off pressure in early hours of trading as investors rushed to sell to save gains from previous rallies. However, the downturn was relatively short-lived...
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