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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November 29,2021The government will relinquish its remaining shares in the Persian Gulf Petrochemical Industries Company (PGPIC), head of the Iranian Privatization Organization said. “The IPO plans to hold an... -
November 29,2021Tehran stocks closed Monday in negative territory as sell-side pressure continued. The benchmark of Tehran Stock Exchange, TEDPIX, shed 4,164.21 points or 0.3% to close trade at 1,363,840. TSE’s...
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November 29,2021The Plan and Budget Organization has proposed 21,120 trillion rials ($75 billion) in the March 2022-23 fiscal budget for government-controlled companies and state banks. This is 34.4% higher...
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November 29,2021Iran Blockchain and Cryptocurrency Association has started operating under the supervision of Iran Chamber of Commerce, Industries, Mining and Agriculture. Mohammad Reza Sharafi, a board member of...
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November 28,2021Interbank rates have been declining over 14 straight weeks reaching 21.09% on Thursday, the highest in one year. The rate was 19.9% in late March before declining to 17.95% on July 8, the lowest...
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November 28,2021The Trade Promotion Organization of Iran will offer 15 trillion rials ($53 million) in incentives in the next fiscal year starting in March 2022, the TPO head said. “The TPO has held talks with...
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November 28,2021Tehran stocks had an uneventful session on Sunday as millions of retail traders stood back as a precautionary measure. Amid the retail investors’ wait and see approach, retail trade extended the...
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November 27,2021Vice-President Mohammad Mokhber on Saturday announced the launch of the Natural Disaster Insurance Fund, after it was approved by the cabinet. The Majlis approved the establishment of the long-...
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November 27,2021Banks and credit institution henceforth must submit a copy of the loan contract to borrowers, the Central Bank of Iran said. The copy must bear the same legal value as the original the contract...
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November 27,2021The Central Bank of Iran has ordered moneychangers to stop selling cheaper currency to people with unspecified needs. It said the regulator will continue allocating forex for 25 services, asking...
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November 27,2021Extending a long losing streak, Tehran stocks opened Saturday under fresh selling pressure, registering the biggest daily loss in the past month. The benchmark of Tehran Stock Exchange, TEDPIX,...
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November 27,2021Banks and credit institutions paid more marriage loans in the present fiscal year (started in March), said the head of public relations department of the Central Bank of Iran. “Lenders gave 666,...
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November 26,2021The government has prepared a new bill to regulate the work of cryptocurrency mining centers. Observers, however, say the new bill has failed to address drawbacks and deficiencies in the existing...
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November 26,2021Export companies sold $18.1 billion in foreign currency in the secondary foreign exchange market, known locally as Nima, in the eight months (March 21-Nov.20). The amount was $10.7 billion in the...
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November 26,2021The government has delayed the plan to eliminate forex subsidies for basic goods, the Economy Minister Ehsan Khandouzi said. "The government initially decided to move towards ending the allocation...
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November 26,2021Tap30 company, a ride hailing app in Iran, is planning to go public becoming the first of its kind in Iran to trade on the share market. ICT Minister Isa Zarepour said Wednesday that the IPO...
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November 24,2021Tehran stocks closed trading week Wednesday in negative territory amid unceasing sell-side pressure. The benchmark of Tehran Stock Exchange, TEDPIX, lost the critical 1.4 million level losing 10...
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November 24,2021The Securities and Exchange Organization has announced new guidelines raising the minimum capital of financial institutions operating in the capital market. This was communicated to investment...
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November 24,2021The US dollar gained 1.6% or 4,700 rials and was traded at 290,030 rials in Tehran’s open market on Wednesday, the highest since March. Bank-affiliated moneychangers sold demanded 271,540 rials...
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November 24,2021Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against f their operations in...
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November 24,2021The government plans to issue 400 trillion rials ($1.4 billion) in bonds in the four months before the end of the fiscal year in March. According to a press release of the Economy Ministry,...
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November 23,2021Foreign exchange rates continued to rise Tuesday in Tehran’s open market extending an ascending order that started on Saturday. The dollar was choppy reaching above 286,000 rials early in the day...
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November 23,2021Iran's Social Security Organization covered 37.05 million people in the first quarter of the current Iranian year that started in March, posting 3.1% growth on the same period last year. The...
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November 23,2021An estimated 8.9 million tons of goods worth over 629 trillion rials ($2.2 billion) were sold in the spot market of the Iran Mercantile Exchange in the calendar to Nov. 21. This was 18% higher...
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November 23,2021After a short-lived rally in the earlier session, sell-side pressure loomed large in Tehran’s share market on Tuesday reflecting investor nervousness in the highly volatile market. The benchmark...
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