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.
October 25, 2021 23:36
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October 10,2021The Economy Minister Ehsan Khandouzi said banks need to focus on ways and means to strengthen the economy saddled with high inflation, rising prices, low productivity, joblessness, declining value... -
October 10,2021Tehran stocks on Sunday extended big losses incurred a session earlier with sell-off particularly hitting most small caps. The main gauge of Tehran Stock Exchange, TEDPIX, shed 10,420.55 points...
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October 10,2021Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year. Banks' foreign assets posted 61%...
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October 09,2021Tehran stocks opened the week on Saturday under renewed sell-side pressure in almost all categories, bucking a rising trend that lasted for eight sessions in a row. The benchmark of Tehran Stock...
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October 09,2021A senior Iranian diplomat said unilateral American sanctions on developing countries violate basic principles of human rights, stressing that such illegal restrictive measures amount to crime...
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October 09,2021Tax on stock trade took a drubbing in the first six months of current fiscal year (March 21- Sept 22) under a persistent bearish trend. Government income from tax on share trade amounted to 33.75...
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October 09,2021Money supply has jumped to unprecedented levels as government borrowing from the Central Bank of Iran takes on extraordinary proportions. CBI data on Saturday show the net value of government’s...
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October 08,2021Total deposits in banks and credit institutions grew by 47% by the end of the first quarter of the current fiscal year (started March 2021), to 43,149 trillion rials ($158.6 billion). Deposits...
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October 08,2021The Trade Promotion Organization of Iran again extended the forex realization timeline for exporters and temporarily suspended legal action against non-compliant companies. Forex repatriation...
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October 08,2021Ali Salehabadi was appointed Wednesday as the new governor of Central Bank of Iran. He replaces Akbar Komijani.
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October 05,2021Iran's domestic payment transaction network, Shaparak, processed more than 3.42 billion transactions in the month to September 21, marking an 8.49% growth compared to the month before and up 17.38...
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October 05,2021As the budget deficit expands, the Economy Ministry has asked the government to divest a part of its stakes in seven companies. According to a press release published on the Cabinet website...
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October 05,2021Interbank rates continued to rise this week for the sixth consecutive week amid the central bank’s expansionary measures. It surged to 19.35% to hit the highest level in the current fiscal year...
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October 05,2021Loans are generally insufficient to plug housing affordability gaps, so a more sustainable solution is to tackle the factors that make costs so prohibitively high in the first place, Gholamreza...
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October 03,2021The managing director of Securities and Exchange Organization in a letter asked the economy minister to reconsider mandatory prices for the auto sector. Mohammad Ali Dehqan-Dehnavi said imposing...
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October 03,2021The Majlis Research Center says the March 2021-22 budget is facing “huge deficits” and needs early reconsideration to minimize its detrimental impact on the economy. While budget deficits are...
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October 03,2021The High Council of Insurance, the regulatory body of Iran’s insurance industry, decided on Sunday to suspend the controversial agent commission framework. According to a press release seen on the...
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October 03,2021Sell-side pressure continued to take a toll on Tehran stock market on Sunday after reporting gains a session earlier. The benchmark of Tehran Stock Exchange, TEDPIX gained 3,213.65 points or 0.22...
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October 02,2021The vice president for economic affairs on Saturday announced the government’s plan of action to “facilitate exports and improve import management.” Mohsen Rezaee communicated the provisions of...
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October 02,2021The Central Bank of Iran says it has plans to further increase the repatriation of foreign currency by exporters, noting that it is not too concerned about meeting forex demand. "The integrated...
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October 02,2021Tehran stocks opened trading week on Saturday on upbeat mode as promising half-yearly reports of companies shifted investors’ attention to commodity stocks. The benchmark of Tehran Stock Exchange...
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October 01,2021Most Iranian insurance companies managed to improve to level 1 in the fiscal 2020-2021 fiscal year, the Central Insurance company of Iran reported. According to Risknews, except for Asmari...
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October 01,2021The CEO of Tehran Stock Exchange Ali Sahraee submitted his resignation after unregistered cryptocurrency mining equipment was discovered in the TSE premises.
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September 29,2021Deposits in private banks reached 18,174 trillion rials ($66 billion) by the end of the fiscal year ending in March, posting 44% growth compared to the year before. Electronic Banking Magazine...
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September 29,2021After almost a month of relative stability, foreign exchange rates jumped Wednesday in Tehran’s open market.
