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.

  • Taking stock of the extended volatility in Iran’s financial markets, the Majlis Research Center examined the root causes and offered some potential solutions.  In the view of the parliamentary...
  • Iraq to Unfreeze Iranian Assets
    An agreement was reached between the Central Bank of Iran, Central Bank of Iraq and the Trade Bank of Iraq to unfreeze Iran's financial assets in the neighboring country.  Abdolnasser Hemmati, the...
  • Small Increase in E-Transactions
    Shaparak, the main payment settlement network in Iran, processed 2.92 billion transactions worth 4,875.12 trillion rials ($16.25 billion) in the last calendar month to Sept. 21. Compared to the...
  • Rial Enters Crisis Mode
    The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency.   In the open market the dollar was quoted at 312,000...
  • Retail Traders Lift Stock Market
    Tehran stocks reported the highest daily growth on Sunday since late August fueled by spike in foreign currency rates and renewed demand from retailers.  After a lukewarm market on Saturday, the...
  • Gold Smashes Record
    Coming on the heels of the chaotic forex market, gold prices shot up in Iran on Sunday as the Emami gold reached 161 million rials, rising 5.5 million rials or 3.41% in one day.  It was the...
  • Gold and Forex Make History in Tehran
    Gold and foreign currency in Tehran posted strong gains in post-holiday trading on Saturday jumping to record highs. Emami gold coin jumped 7.5 million rials, or 4.82%, to an all-time high of 155....
  • News US sanctions against Iranian banks are less likely to have further impact as they are already under multilayer restrictions, a monetary expert and former banker said.  The US Treasury...
  • Urban Rent Inflation Tops 24%
    The average Consumer Price Index for rents in urban areas during the four-quarter period ending Sept. 21, which marks the end of the second quarter of the current Iranian year, increased by 24.3%...
  • TEDPIX Near Flatline
    Tehran stocks opened trading week on Saturday amid a lukewarm reception of blue chips and relatively high demand for shares of smaller companies.  The market-cap weighted index of Tehran Stock...
  • Decline in Bad Checks
    The total value of bad checks reached 190 trillion rials ($655 million) by the end of the month to August 21, down 2.6% on a monthly basis and the number dropped by 9.2%. A total of 794,000 checks...
  • 3.5% Rise in Building Permits in Fiscal 2019-20
    The Statistical Center of Iran has published its latest findings concerning building permits issued in Iran, especially in the capital city Tehran, during the last fiscal year that ended on March...
  • Aversion to Gov’t Bonds Persists
    Bond auctions held Tuesdays by the Central Bank of Iran concluded with none of the legal or individual investors showing interest in the government bonds.  As per an earlier announcement, there...
  • Trump Flirts With Sanctions
    Governor of the Central Bank of Iran Abdolnasser Hemmati, said Thursday that the new US sanctions against Iranian banks are yet another blow to the few remaining channels to pay for food and...
  • Court Invalidates Privatization of Giant Farming Company
    The Supreme Audit Court of Iran, the supervisory arm of the parliament, issued a ruling reversing a decision by the Iranian Privatization Organization two years ago to divest Moghan Agro Industrial...
  • Banks Notified to Adjust Forex Rates in Financial Reporting
    New exchange rates should be used by banks as the basis for converting their forex debt and assets into rial, the Central Bank of Iran said Thursday. As per a CBI bylaw, each euro will be equal to...
  • Economy Ministry: Plans to Divest Hit a Snag
    Government organizations refuse to abide by budgetary laws that call for relinquishing more than 60 trillion rials ($210 million) in assets, an official with the Economy Ministry said.   Despite...
  • Housing PMI Down 4.5% to 50.54
    Purchasing Managers' Index for the sixth month of the current fiscal year (Aug. 22-Sept. 21) settled at 50.54 from 52.94 in the preceding month (July 22-Aug. 21).  Iran Chamber of Cooperatives has...
  • BIM Unveils Open Banking Platform
    Bank of Industry and Mine, a specialized bank owned by the government, unveiled an open banking platform in line with belated plans to access new financial technologies.  The platform, developed...
  • CBI Forex Dealers Raise Rates
    Unabated rallies in currency rates propelled exchange shops affiliated to the Central Bank of Iran to push rates to unprecedented levels on Tuesday.  The dollar climbed 10,000 rials to 292,000...
  • Small Caps Lift Tehran Shares
    Following two consecutive loss sessions, Tehran’s share market saw increase in demand on Tuesday, particularly for small-cap stocks. The market-weighted benchmark of Tehran Stock Exchange, TEDPIX...
  • Tehran Stock Market Losses Multiply
    Tehran stock market losses multiplied on Monday as sell-side pressure outweighed demand and many categories saw price declines. The main index of Tehran Stock Exchange, TEDPIX, lost 32,808.06...
  • CSDI: Trading Codes Exceed 20 Million
    Data released by the Central Securities Depository of Iran show that the number of trading codes has reached 20.5 million.  More than 40% of the codes was issued in the current fiscal year that...
  • Forex Back on Fast Track
    Foreign exchange rates in Iran’s free market climbed again on Monday after a lull in the past two sessions as the US dollar clawed back losses in previous trade.  The greenback surged to 293,000...
  • BSI Reports Stronger Performance
    The semi-private Bank Saderat Iran’s financial performance improved in the last calendar month (August 21- Sep 21) as the bank reported a strong enough balance sheet.   

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