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.

  • Bond Buyers Skeptical
    The weekly bond auction held by the Central Bank of Iran tumbled on Tuesday after doing relatively well last week. Total sale this week reached 16.4 trillion rials ($66 million), down 66% compared...
  • Iran: Call for Crypto Use to Pay for Imports
    Cryptocurrency could be used to import electronic devices, says Shahab Javanmardi, a member of the Iran Chamber of Commerce Industries Mining and Agriculture, noting that a change in government...
  • Vaccine Volunteers Insured
    Iran Insurance Company, the country’s largest insurance company and the only company owned by the government, signed an agreement with Razi Vaccine and the Serum Research Institute to provide...
  • CBI Strengthens Oversight of Banks
    The Central Bank of Iran's decision to exercise stronger control of the balance sheets of banks and credit institutions will hinder their functions, the CBI vice governor for supervisory affairs...
  • Economy Minister Scorns Divestment Procedures
    The Economy Minster Farhad Dejpasand says most of the properties divested by the government have merely resulted in change in ownership and in practice the government continues to exercise control...
  • TEDPIX Gains Ground
    The main index of Tehran Stock Exchange, TEDPIX, closed Monday in positive territory after consecutive losses.  Investors' interest in the giants of Tehran's bourse pushed up the TEDPIX by 1.3%....
  • Gov't to Sell Stake in Refineries to 3 Banks
    Residue shares of the government in four major refineries and some state-run companies are to be sold to three semi-private banks, it was decided at a Cabinet meeting in Tehran on Sunday.  The...
  • Regulator Wants Changes to 3rd Party Auto Insurance Law
    Central Insurance company of Iran has proposed amending the third-party auto insurance law to remove the ceiling on claims by owners of expensive cars.  “The insurance industry believes that there...
  • SHTA Seen as Secure Channel to Pay for Import of Vaccines
    Head of the Iran-Switzerland Chamber of Commerce says the Swiss trade channel, known as the Swiss Humanitarian Trade Agreement (SHTA) can be used to remove hurdles to import vaccines to fight Covid...
  • MRC Takes Issue With  Gov't Divestiture Policy
    In a review of the budget bill for the next fiscal year (2021-22), the Mjalis Research Center gaged the projected government revenue from divesting assets and its planned divestiture policy.  It...
  • Small Caps’ Rally Pauses 
    All market indicators closed trade on Sunday in red with small caps bucking a rising trend of liquidity flowing into large caps. The liquidity flow, however, was not enough to push the main index...
  • Iran's CB Official: Beware of Cryptocurrency
    As cryptocurrencies, especially Bitcoin, hit record highs, the Central Bank of Iran has recommended the public to refrain from investing in the digital currency.
  • Iran's CB Designing Crypto-Rial
    The Central Bank of Iran is studying the issuance of “crypto-rial” as a central bank digital currency (CBDC) and a digital form of the country’s fiat money, the CBI director of Payment Systems...
  • TEDPIX Drops 1.7%
    While small caps continue to eke out gains, the big listed companies extended losses on Saturday with the main index of Tehran Stock Exchange losing 1.7%.  TEDPIX lost 24,407.5 points to end...
  • Stockbrokers’ Sales Soar
    Books of brokerage firms operating in Iran's capital market show significant improvement in performance in the Iranian month to Dec. 20.  Deals worth 6,750 trillion rials ($27 billion) were...
  • Debt Relief for Virus-Hit Businesses
    The Central Bank of Iran on Saturday announced financial relief to businesses battered by months of lockdowns to curb the Covid-19 pandemic.  Proposed by the National Coronavirus Headquarters "non...
  • Sepah Emerges as Biggest Lender
    The recent bank merger of five banks and credit institutions linked to the military forces with the state-owned Bank Sepah has turned the latter into the biggest bank in Iran.  The megamerger...
  • CBI Funding Vaccine Import
    The Central Bank of Iran said it has found a way to pay for the import of Covid-19 vaccine after previous efforts failed.  The announcement was made by the Central Bank of Iran Governor...
  • Glimmer of Hope in Bond Market
    The government sold bonds worth 48.8 trillion rials ($195 million) at an auction on Tuesday – a sizable growth compared to previous auctions.  It was the highest weekly sale since Sept. 8 and a...
  • Pardis Insurance Co. Gets License
    The High Council of Insurance, the insurance industry regulator, has issued agreement in principle for the founding of Pardis Insurance Company. According to Risknews, the general insurance...
  • Forex and Gold Move Up
    Gold and currency prices rose on Wednesday in Tehran after remaining lukewarm for several days. Vacillating below 250,000 rials in the past few sessions, the dollar jumped to 260,000 rials in the...
  • Debit Card Fraud Declines
    Almost a year after the Central Bank of Iran announced the one-time password (OTP) compulsory, the payment regulator says the move has significantly reduced phishing and suspicious transactions....
  • Small Caps Extend Gains
    Penny stocks added to previous gains at the close of trading week on Wednesday while large cap shares continued to tread water.  Amid increase in prices of small caps, the equal-weighted index...
  • Small Caps in Upbeat Mode
    A broad range stocks rallied in Tehran on Tuesday but sentiment was high for the small cap stocks as seen in most  recent sessions.  Rising demand for shares of smaller listed companies pushed up...
  • New Rules Coming for Market Makers
    A board member of Tehran Stock Exchange says there are plans to revise rules guiding the performance of market makers in the stock market. Market makers have come under mounting criticism due to...

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