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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April 25,2020The process of merging five military banks and credit institutions with state-owned Bank Sepah will be complete in the current calendar month to May 20, CEO of Sepah said. The megamerger includes... -
April 25,2020Tehran stocks climbing again on Saturday amid relentless investor zeal for shares and the obvious reluctance on the part of sellers. All market indicators were in green at the start of the week...
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April 24,2020Security of investment and business in Iran was slightly lower last autumn (Sep. 22-Dec.21, 2019) compared to the summer season, according to a seasonal study by the Majlis Research Center, the...
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April 24,2020The Central Bank of Iran said the government's 10-million-rial ($62) was paid to nearly 17 million heads of households in need by Tuesday -- part of a scheme to help low-income families partly deal...
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April 22,2020Major currencies gained against the rial Wednesday with the USD heading upward after breaking past 160,000 rials. It was traded as high as 162,400 rials at Tehran’s open market up 2,400 rials...
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April 22,2020New transactions using the European Union’s financial settlement mechanism INSTEX (Instrument in Support of Trade Exchanges) will take place soon, German Foreign Minister Heiko Maas told a press...
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April 22,2020Tehran stocks stretched two-week gains at the close of trading week on Wednesday amid rising trade by retail investors and a renewed rush for micro-cap stocks. The market-cap weighted index,...
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April 22,2020Mehr Iran Qarzol-Hasanah Bank (QMB) paid 2.3 million interest free loans to applicants during the last fiscal year (ended in March) -- accounting for 35% of all loans granted during the 12 years...
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April 22,2020Amid the outbreak of the novel coronavirus, the Purchasing Manager's Index for Iran's housing sector fell to the lowest level in the month ending March 19 since the index was first calculated for...
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April 21,2020The governor of the Central Bank of Iran on Monday urged lenders to tap into the stock market to divest shares and get rid of their non-financial assets. In a directive to CEO of banks and credit...
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April 21,2020Industrial Bank of Korea, one of South Korea’s largest banks, will pay $86 million to settle US and New York state criminal and civil charges it allowed an illegal transfer of more than $1 billion...
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April 21,2020While global stocks got a rare drubbing from the US crude oil price crisis, stocks in Tehran stuck to their strong forward march again on Tuesday to extend a bullish trend dominating the market for...
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April 20,2020Iran’s central bank governor has again called on the International Monetary Fund to resist US pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion)...
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April 20,2020Directors of banks and credit institutions decided Sunday to set a 15% cap on long-term deposits, a decision compatible with the CBI ceiling. However, lenders were apparently given leeway to raise...
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April 19,2020Most Iranian insurance companies have managed to meet the government's requirements regarding minimum capital to be able to operate. Regulations calling for insurance companies' capital threshold...
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April 19,2020After solid gains a session earlier, Tehran stocks staged another rally on Sunday and climbed 3.18% to extend a nine-day winning streak. Adding 21,242.42 points, the main gauge of Tehran Stock...
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April 19,2020Iran’s gold market will reopen on Monday following a month-long hiatus due to restrictions ordered by the government on almost all businesses to impede spread of the coronavirus.
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April 19,2020Iran will receive $50 million from the World Bank to help the health sector cope with the coronavirus pandemic, a deputy health minister said.
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April 18,2020The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President...
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April 18,2020Despite the growing traction of investment in stocks, banks seemed to be the most attractive option for Iranians in the last fiscal year (March 2019-20), according to a poll by Iran Student Polling...
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April 18,2020Foreign currency rates declined in Tehran’s open market on Saturday for the third consecutive day with the downturn extended to the gold market. The US dollar was traded 156,000 rials, down from...
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April 18,2020Stocks swept almost all the stocks at Tehran Stock Exchange and the junior equity market aka Iran Fara Bourse on Saturday. The market-cap weighted TSE benchmark, TEDPIX, climbed 3.58% and gained...
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April 17,2020The Iranian Mines and Mining Industries Development and Renovation Organization, will be listed on the Tehran Stock Exchange by the end of the month, head of the Iranian Privatization Organization...
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April 17,2020The Export Guarantee Fund of Iran, the state-owned export credit agency, has raised the ceiling of its coverage to help support businesses affected by the COVID-19.
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April 17,2020The CBI vice governor for economic affairs, Peyman Ghorbani, has been appointed first vice chair of International Monetary Fund’s Group of Twenty-Four (G-24).
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