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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May 19,2020The long-delayed plan to privatize Esteghlal and Perspolis, Iran's two top football clubs, seems to be in the final stages. Stocks of the two clubs are to be offered on the Iran Fara Bourse soon... -
May 19,2020Petroleum products valued at $133 million were traded in the international ring of the Iran Energy Exchange in the fiscal month ending May 16. Gasoline, liquefied natural gas and diesel topped...
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May 18,2020Governor of the Central Bank of Iran Abdolnasser Hemmati on Monday sought to reassure the public about stable currency rates and urged businesses to support CBI plans. "With the efforts of my...
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May 18,2020The Plan and Budget Organization says role of the stock market and the Central Bank of Iran monetary policy is pivotal to curbing inflation. Referring to macroeconomic indicators during the Dec....
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May 18,2020Tehran Stocks rebounded on Monday as investors found share prices -- depressed during a four-day bearish trend -- attractive enough to place orders. The main gauge of Tehran Stock Exchange,...
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May 17,2020The main gauge of Tehran Stock Exchange added to the four-day losing streak on Sunday with its main gauge, TEDPIX, shedding 19,865 points. The market-cap weighted TSE’s benchmark was down 2% to...
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May 17,2020Following reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined conditions for doing so. The so-called import...
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May 17,2020The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran. The moneychangers traded the dollar at 170,230 rials, up 2,300...
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May 17,2020The Central Insurance company of Iran has ordered insurance companies to convert before the end of the week all personal auto policies into electronic format. Gholamreza Soleimani, the CII chief...
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May 16,2020Tehran stocks shed more of the previous gains at the start of trading week on Saturday to extend a losing streak into the third day. The benchmark of Tehran Stock Exchange lost more than 30,000...
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May 16,2020The government’s plan to divest its shares in state-run companies via exchange-traded funds can neither be called privatization nor a realistic move toward a market economy, says Davoud Soori, an...
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May 16,2020Major currencies started trading week on a positive note after recording a brief drop on Thursday. The US dollar fetched 172,000 rials in Tehran’s open market on Saturday, registering 1.68%...
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May 15,2020Foreign currency offered at the secondary foreign exchange market increased significantly in the past week, the Central Bank of Iran said. Forex sold in the secondary market (known locally as...
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May 15,2020With apposite monetary policy instruments at its disposal, the Central Bank of Iran is ready to implement “inflation targeting” measures, the CBI governor said. “Within this policy, the ‘target...
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May 15,2020An estimated 450 trillion rials ($2.7 billion) in liquidity poured into Iran‘s stock market since the beginning of the fiscal year (March 20), CEO of the Securities and Exchange Organization said...
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May 15,2020Tehran is not satisfied with the snail’s pace of transactions via the oft-publicized Iran-EU trade channel, said Gholamreza Ansari, deputy foreign minister for economic affairs. The channel...
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May 13,2020The Central Bank of Iran said it plans to open a primary interbank market for auctioning bonds to help the government raise funds for budgetary needs. In a notice on the CBI website, the...
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May 13,2020Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19. Even though the direct and short-term blow of the virus on the insurance sector seems...
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May 13,2020Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil exporters. ...
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May 13,2020Stocks plunged for the second day in a row on Wednesday as investors increased offers in anticipation of an extended market correction in the days to come. The benchmark of Tehran Stock Exchange...
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May 12,2020Price of the US dollar passed over 170,000 rials in Tehran on Tuesday, hitting a 20-month high. Emami gold coin also recorded an all-time high on Tuesday climbing to an unseen 70.087 million rials...
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May 12,2020Housing prices in five out of 22 districts of the capital city, Tehran, nearly tripled over the past two years. According to a report by ISNA, home prices in District 18 increased by 227%,...
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May 12,2020The Majlis on Tuesday obliged the Social Security Organization to sell part of its shares in its affiliated lender, Refah Bank, so that the shares don’t exceed the ceiling set by the Central Bank...
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May 12,2020The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said. The divestiture is related to non-financial...
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May 12,2020Tehran Stock Exchange experienced one of its biggest downturn in nearly two months on Tuesday, with its main index, TEDPIX, losing more than 26,318 points, or 2.5%, to retreat back to 1,021,444. ...
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