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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January 19,2021South Korean banks wary of US sanctions are holding tight to billions of dollars in Iranian money, apparently unwilling or unable to budge before Joe Biden assumes office as the next president of... -
January 19,2021The dollar declined in the early hours of trade in Iran on Tuesday but later gained some ground against the rial. Trade commenced with the greenback as low as 210,000 rials in the first few hours...
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January 19,2021Data released by the Central Bank of Iran show total loans given by banks outpaced deposits in the month to October 21. Inclination of banks to lend is shown in the subtle, but steady, increase in...
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January 19,2021Foreign currency prices continued to fall against the rial on Monday across Iran as panic selling took on new momentum. The US dollar plunged to 215,000 rials, losing 13,000 rials or 6% in one...
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January 19,2021Share prices in Tehran took a new drubbing Monday as the bruising sell-off continued extending the long streak of losses in five sessions in a row. The main index of Tehran Stock Exchange, TEDPIX...
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January 19,2021The Central Bank of Iran blamed European governments’ party to the landmark 2015 Iran nuclear deal for the failure of the EU trade mechanism known as the Instrument in Support of Trade Exchange (...
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January 17,2021Rules for electronic wallets received the go-ahead from the Council for Islamic Jurisprudence in the Central Bank of Iran–aka the Fiqh Council.
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January 17,2021Forex and gold prices plunged in Tehran in the past three days amid optimism about a stronger rial in the coming weeks. The dollar plunged to five-month lows on Saturday fetching 229,000 rials –...
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January 18,2021Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages across the country...
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January 17,2021Following plans to streamline the underperforming tax regime, the Central Bank of Iran has announced new restrictions on the use of point-of-sale (POS) terminals. Up until last week 120,000 POS...
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January 17,2021President Hassan Rouhani has instructed the security apparatus to find and end illegal cryptocurrency mining following rare power outages across the country.
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January 17,2021Banks gave 73.93 trillion rials ($302 million) in loans to 2,722 small and medium-sized businesses plus to pending business projects with physical progress above 60% in the first three quarters of...
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January 12,2021Share prices plunged deeper Tuesday as relentless sell-off swept through most categories with retail traders again rushing for the exits. The main gauge of Tehran Stock Exchange, TEDPIX, lost 40,...
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January 12,2021In line with measures to improve security and transparency of bank transactions, the Central Bank of Iran said it plans to block unidentified transactions in less than two weeks. Mehran Mahramian...
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January 12,2021Thermal Power Plant Holding Company plans to sell standard salaf contracts worth 13.57 trillion rials ($52 million) in two phases to fund new projects, the company's CEO said. Affiliated to the...
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January 12,2021The average Consumer Price Index for housing rent levels in urban areas during the four-quarter period ending Dec. 20, which marks the end of the third quarter of the current Iranian year (fall),...
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January 11,2021The Central Bank of Iran demanded Monday South Korea release billions of its foreign exchange assets blocked in that country. South Korea’s First Vice Foreign Minister Choi Jong-kun arrived in...
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January 11,2021The main index of Tehran Stock Exchange, TEDPIX, dropped 0.41% on Monday, losing 5,375.44 points to end trading at 1,301,245. Blue chips and large caps pulled down the market cap-weighted TEDPIX...
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January 11,2021Checks worth 221 trillion rials ($850 million) bounced in the month to November 20 -- 3.1% higher on a monthly basis. According to data published by Central Bank of Iran, the number of bad checks...
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January 11,2021Reversing the course from previous sessions, gold and foreign exchange prices dropped on Monday in Tehran's market. The dollar was quoted at 248,000 rials down 1,300 rials or 0.53% compared to the...
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January 10,2021President Hassan Rouhani said on Sunday that a specific mechanism governs the stock market and underscored the critical need to avoid "unskilled intervention" in its operations. Addressing...
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January 10,2021Tehran stocks broke a 3-day losing streak on Sunday as investor sentiment was buoyed by strong opposition from top government officials to the unwanted intervention in commodity prices. The main...
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January 11,2021The National Development Fund of Iran, the sovereign wealth fund, plans to deposit 25 trillion rials ($100 million) with the Capital Market Stabilization Fund to be invested in the stock market. ...
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January 10,2021Foreign exchange and gold prices closed higher on Sunday in Tehran's forex market paring losses in previous sessions. The US dollar briefly touched the critical 250,000-rial level breached a...
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January 09,2021Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels. The US dollar fell below 250,000-rial level losing more...
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