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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July 18,2020The US dollar made one more leap on Saturday extending a rally that has lasted for seven successive sessions. The greenback strengthened close to 5% against the rial in Tehran’s open market, adding... -
July 18,2020Stocks in Tehran took a reverse at the opening of trading week on Saturday with interest in large-cap stocks shifting to smaller companies with market indicators showing mixed results. Heavily...
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July 17,2020New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Association said. “It...
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July 17,2020The Central Bank of Iran said the initiative to hold bond auctions has been positive so far in that it is helping the government fund its deficit spending without the need to expand the monetary...
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July 17,2020The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials after falling briefly near the critical level. The greenback closed...
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July 15,2020Major currencies continued to rise Wednesday for five successive sessions with the US dollar moving closer to 240,000 rials in Tehran’s open market but sopped near the threshold. The greenback...
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July 15,2020The Money and Credit Council has allowed lenders to raise interest on term deposits, a move seemingly to curb the scale and scope of money flooding into some financial markets and to avoid further...
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July 15,2020The share market in Tehran closed trading week on Wednesday in negative territory as selloff pressure mounted on large-cap shares and investors rushed to the sell side. The benchmark of Tehran...
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July 15,2020The latest monthly performance report of Iran's e-payment network, published by Shaparak Company, shows Beh Pardakht Mellat Company still tops the list of payment service providers in terms of both...
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July 14,2020The government sold Murabaha bonds worth 79 trillion rials ($343 million) in the weekly bond auction Tuesday, marking the highest bond sale since the auctions commenced in May. The upsurge is...
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July 14,2020Iran and Russia are still discussing integrating interbank transaction networks, Russia's Mir and Iran's Shetab, to ease transactions between the people and businesses of the two countries, an...
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July 14,2020Bank Maskan, the main housing lender, started offering 10 trillion rials ($45 million) in mortgage-backed securities (MBS) in the bond market to raise funds for its housing projects. A MBS is an...
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July 14,2020Tehran stock market continued its forward march Tuesday as large-cap shares surged. Rising 22,774 points, the market-cap weighted benchmark of Tehran Stock Exchange, TEDPIX, moved up 1.25% to hit 1...
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July 13,2020Major currencies again gained against the rial on Monday with the dollar soaring above the critical 230,000 rials in Tehran’s free market. The greenback climbed 5,500 rials to 233,000 rials, 2.5...
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July 13,2020A package was announced Monday by the CBI outlining procedures for repatriating export earnings in the current fiscal year that ends in March 2021 and also earnings of the past two years. The...
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July 13,2020Tehran’s stock market opened in negative territory on Monday but managed to regain some lost ground late in the session as the TEDPIX, the benchmark of Tehran Stock Exchange, closed 9,274 points...
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July 12,2020In a bid to support authorized cryptocurrency mining, Iran Power Generation, Distribution and Transmission Company (Tavanir) said it will cut up to 47% of electricity tariff for miners during the...
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July 12,2020The government is revisiting its large-scale divestment schemes that were initially to be implemented via exchange-traded funds. It had earlier said that it would sell stakes in four refineries...
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July 12,2020Tehran stocks bounced back on Sunday from a downturn in the previous session gaining 4.1% with 71,484 points. Sunday’s gain put the main index of Tehran Stock Exchange at an all-time high of 1,...
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July 12,2020So far 33 knowledge-based companies are listed with the stock market and plans call for adding 16 more, the vice president for science and technology said. Sorena Sattari added that many of the...
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July 11,2020Tehran stocks started Saturday amid selloff pressure in most ticker symbols before partially recovering as demand for giants in the market picked up pace. The main gauge of Tehran Stock Exchange...
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July 11,2020Deposits with banks and credit institutions reached 27,766 trillion rials ($126.2 billion as per Saturday’s forex rates) up until the end of the calendar month to April 19. Bank deposits...
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July 11,2020Petrochemical companies contributed 40% of the currency available at the secondary foreign exchange market, known locally as Nima, secretary general of Iran's Association of Petrochemical Industry...
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July 11,2020Six industrial and mining projects with an outlay of 58.8 trillion rials ($262 million) have come on stream in three provinces. Their inauguration on July 9 by President Hassan Rouhani via...
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July 10,2020A new exchange-traded fund joins Iran Fara Bourse, the junior equity market, on Saturday with 10% of its units for subscription.
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