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 17,2020Foreign currencies gained against the rial on Monday bucking a declining trend that started last Wednesday. The rally as usual extended to the bullion market. The dollar changed hands for 264,000... -
November 18,2020India's state-owned UCO Bank has denied plans to halt processing Iranian transactions.
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November 18,2020India's state-owned UCO Bank has denied plans to halt processing Iranian transactions.
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November 18,2020The Central Bank of Iran has agreed to increase the investment ceiling for bank-affiliated investment companies in the share market, a move seen as another push to lift the sagging stock market. ...
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November 17,2020UCO Bank of India may reconsider cutting ties with Iranian banks following the victory of Joe Biden in the US presidential elections and an anticipated change in Washington’s Iran policy, Parham...
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November 18,2020Share prices increased on Tuesday amid high sentiment. The main index of Tehran Stock Exchange, TEDPIX, rose by 35,000 points in the early trading hours. More than 13,000 points of the gains were...
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November 15,2020Data released by the Central Bank of Iran show during the first half of the Iranian fiscal year (March-Sept. 2020), payments made through online gateways were 23.8% higher in volume and up 255% in...
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November 15,2020More than 2.8 billion transactions worth 4,839.19 trillion rials ($17.92 billion) were processed by the national payment settlement network, Shaparak, during the last calendar month (Sept.22-Oct....
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November 15,2020The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first seven months of the current fiscal year (March 20-Oct. 21),...
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November 15,2020The Central Bank of Iran is designing new banknotes that could be used even after the ‘currency revaluation’ plan is implemented, head of its money printing department said.
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November 15,2020The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI's plan to remove four zeros from the national currency.
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November 15,2020Shares in Tehran entered a choppy market on Sunday, rising more than 20,000 points in the early hours of trade before paring much of the gains. The main index of Tehran Stock Exchange, TEDPIX,...
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November 15,2020The Central Bank of Iran is ready to implement amendments to the Check Issuance Law passed by the Majlis in Nov. 2018. The new law will be enforced from the next Iranian calendar month starting Nov...
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November 15,2020Major currencies extended losses against the rial on Sunday with the dollar closing the session more than 3.7% lower. The greenback surrendered the 260,000-rial support level in the later hours...
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November 15,2020The governor of the Central Bank of Iran Abdolnasser Hemmati again instructed the CEOs of banks and credit institutions on Thursday to enforce anti-money laundering rules with extra diligence. In...
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November 14,2020Iran’s forex market seems to be relatively calm following bouts of anxiety before and after the Nov. 3 US presidential election. The dollar surged 1% or 4,000 rials to 275,000 rials in the...
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November 14,2020Tehran stocks opened trading week Saturday on a high note after losing 5.4% in the last trading week. Leaving behind a 5-day bearish trend, shares began a weak rally on Wednesday that gathered...
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November 14,2020A total of 122 domestically-made and overhauled rolling stock worth 3.66 trillion rials ($13.28 million) joined Iran’s rail fleet on Wednesday, during a ceremony attended by Minister of Roads and...
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November 14,2020The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI's plan to remove four zeros from the national currency.
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November 14,2020The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation. The CBI conducted the repurchase agreement (repo) and gave 26.5 trillion rials...
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November 11,2020Tehran Stocks edged up into positive territory in the last day of trading week Wednesday after five consecutive sessions of bear market. The main index of Tehran Stock Exchange, TEDPIX, gained 9,...
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November 11,2020Of the 51 trillion rials ($188 million) in bonds offered at the weekly auction in Tehran on Tuesday investors bought only 3.5 trillion rials ($13m) -- another sign of changing investor perceptions...
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November 11,2020Taking stock of the negative impact of higher interest rates on the capital market and the economy, the minister of economy in Tehran denied recent reports about the possibility of such a move. "...
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November 11,2020Currency rates paused Wednesday in Tehran after gaining in three straight sessions. The dollar was quoted 274,000 rials in the open market, down 0.9% compared to the earlier session. It was sold...
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November 11,2020A megamerger involving five military-affiliated banks and credit institutions will be finalized in a month, the governor of the Central Bank of Iran said. Ansar Bank, Bank Hekamat Iranian, Mehr...
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