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.
May 25, 2019 19:29
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May 06,2019Members of the European financial mechanism company known as INSTEX [Instrument in Support of Trade Exchanges] and its Iranian counterpart will join talks between Iran and the five signatories of... -
May 06,2019India’s government is holding talks with a new bank to facilitate trade with Iran and process Iran/India transactions. The new bank is set to work in tandem with UCO bank, according to Gaddam... -
May 06,2019After a moderate decline in the main gauge of the Tehran Stock Exchange on Sunday, TEDPIX pared its earlier gains on Monday to record its most drastic fall in the past seven months. The TEDPIX... -
May 05,2019An update on licensed currency exchange shops shows their number has increased from 419 in the 2017-18 fiscal to 692 in the current year that started on March 21. -
May 05,2019The value of exchange-traded funds stood at 254.4 trillion rials ($1.7 billion) at the end of the first month (March 21-April 20) of the current fiscal, according to the Central Securities... -
May 05,2019Lawmakers on Sunday decided to look into the performance of the Central Bank of Iran during the past five years. The bank’s seemingly poor performance in regulating the currency market and the... -
May 05,2019After seven consecutive rallies, Tehran Stock Exchange turned bearish on Sunday and its main index, TEDPIX, shed 532 points to close trading at 224,057 points and enter a correction phase. ... -
May 04,2019Since the beginning of the current fiscal (March 21) over 2.2 billion has been sold via the Integrated Forex Deal System, locally known as Nima, the Central Bank of Iran reported. Nima is a... -
May 04,2019The share of life insurance in the overall portfolio of the Iranian insurance industry is meager which has reduced the overall penetration rate of insurance cover in the country of 80 million... -
May 04,2019After consecutive rallies last week, TSE continued to soar Saturday and added another 4,480 points to its benchmark to wrap up trading at 224,589 points. Stocks in bank, auto, tire and IT... -
May 03,2019Governor of the Central Bank of Iran has outlined six monetary and banking plans to help fend off the new US economic sanctions. Abdolnasser Hemmati in an Instagram post Friday said the CBI is... -
May 03,2019Banks and credit institutions continue to reduce their local branches in the past three months, although the overall cuts are not significant, IBENA reported. A total of 23,395 branches of banks... -
May 03,2019Amid the upbeat in the Tehran stock market, gold and currency closed the week bullish despite decline in international gold prices. The US dollar briefly climbed above the resistance level of 145... -
May 03,2019Iran’s floor area per person has increased to 27 square meters to equal that of Germany and France, up from 25 square meters in the fiscal 2006-7. The figures are lower than in Egypt, Morocco,... -
May 01,2019The value of trade in the Iran Energy Exchange (IRENEX) touched 171 trillion rials ($ 1.17 billion) in the last fiscal (ended March 20) – up 126% compared to the year before, the IRENEX boss said... -
May 01,2019The CEO of a newly registered Iranian reciprocal company for trade with Europe says the company is ready to launch its first trade with Europe, according to a notice on the Central Bank of Iran... -
May 01,2019The general price index of construction materials for residential units in Tehran rose 59.7% during the fourth quarter of the last fiscal year (ended March 20, 2019), compared with the preceding... -
May 01,2019With the stock market making new inroads, the main index of the Tehran Stock Exchange for the first time climbed above 220,000 points on Wednesday to close the trading week 1.6% higher. ... -
April 30,2019Iran's banks lent more than 7,737 trillion rials ($51.7 billion) in the previous fiscal (ended March 20). The amount was up 26% compared to the year before. A report released by the Central Bank... -
April 30,2019A mirror Iranian company has been founded to partner with the European trade mechanism, known as Instrument in Support of Trade Exchanges (INSTEX). The Special Trade and Finance Institute (STFI... -
April 30,2019After registering a whooping growth of 5,623 points on Monday, which drove the main benchmark of the Tehran Stock Exchange 2.69% higher, stocks continued the rally on Tuesday. TSE’s main index... -
April 30,2019In a new round of oil offer on the Iran Energy Exchange, the Iranian National Oil Company sold 70,000 barrels of heavy crude on Tuesday. The company had offered 1 million barrels of heavy crude... -
April 29,2019Amid uncertainty over's oil import possibilities from Iran after May 2 when the waivers to US sanctions on Iran are withdrawn, India’s state-run IDBI bank has stepped-up efforts in this direction... -
April 29,2019The 8th Conference on Monetary Policies and Banking & Production Challenges was held Monday to explore the root causes of the lingering economic challenges in Iran. The event was organized by... -
April 28,2019The Central Bank of Iran is striving to find solutions to curb the galloping inflation rates with the help of workable and viable monetary policies. In an Instagram post on Sunday the CBI boss...
