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 15, 2021 00:34
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April 11,2021The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has repaid 110 trillion rials ($440 million) in debt to the government. -
April 11,2021The Energy Ministry's recent move to raise electricity prices for cryptomining has drawn the indignation of miners who claim the measure will tempt illegal mining and capital flight. Those...
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April 11,2021Tehran stocks opened trading week Saturday in negative territory extending a long losing streak that has lasted for two weeks. The main index of Tehran Stock Exchange, TEDPIX, lost 9,213 points...
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April 11,2021Gold prices declined again in Tehran on Saturday amid widespread closure of markets and despite lukewarm trends in the foreign exchange market. The Emami gold coin lost 1.65% and was worth 104.1...
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April 10,2021Governor of the Central Bank of Iran Abdolnasser Hemmati has denied accusations that the CBI's interest rate policy had a role in the stock market collapse in the last calendar year that ended in...
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April 10,2021For the first time since the birth of Shaparak Network, Iran's domestic payment network, Beh Pardakht Mellat e-payment company lost its pole position as company with the highest number of monthly...
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April 10,2021Foreign exchange rates dropped on the last day of trading week Thursday, distressing prices in the domestic bullion market. The dollar lost close to 1.5% against the national currency to fetch...
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April 07,2021The Energy Ministry Wednesday published new regulations guiding cryptomining work. Miners will be charged 16,574 rials for one kilowatt-hour of electricity, the ministry website reported. It said...
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April 07,2021Tehran shares closed trading week on Wednesday in negative territory as sell side pressure continued to depress prices for seven sessions in a row. The main index of Tehran Stock Exchange,...
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April 07,2021The Expediency Council on Wednesday cancelled a meeting to discuss two bills demanded by the Financial Action Task Force, the global anti-money laundering watchdog, citing the resurgence of the...
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April 07,2021The Government Economic Coordination Council has expanded the purview that allows exporters to meet their forex repatriation commitment via "import in lieu of export". According to Hamid Zadboum...
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April 07,2021Foreign exchange rates rose again on Tuesday with the dollar surging above the critical 250,000 rials level.
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April 07,2021The Rouhani administration has submitted a bill to the parliament that allows ECO Trade and Development Bank to open a representative office in Tehran to help expand ties between Iran and members...
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April 07,2021More than 3.23 billion transactions worth 5,822.06 trillion rials ($23.3 billion) were processed by Iran’s payment settlement network, Shaparak, in the last month of the fiscal year that ended on...
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April 07,2021In a meeting with members of Intergovernmental Group of Twenty-Four (G24), the Governor of the Central Bank of Iran Abdolnasser Hemmati said the International Monetary Fund and World Bank must take...
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April 07,2021Tehran's share market was close to bucking a six-day declining trend Tuesday but a rally in the beginning of trading session ended in selloff. Sell side pressure pushed the main index of Tehran...
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April 06,2021Shaparak, the company affiliated to the Central Bank of Iran and in charge of supervising Iran's payment network, is to rank payment service providers (PSPs), the company director said.
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April 06,2021Bank loans to newlyweds climbed to 430 trillion rials ($1.7 billion) in the last fiscal year (March 2020-21), indicating 65% growth compared to the year before.
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April 06,2021The managing director of Securities and Exchange Organization says provisions of the fiscal budget (March 2021-22) should be enforced with extra caution because it could have mixed effects on the...
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April 06,2021Tehran stocks closed lower Monday to register the sixth consecutive decline despite some respite from the sell side compared to the earlier session. The main index of Tehran Stock Exchange,...
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April 06,2021The economy minister Monday denied reports that the government borrowed from the Central Bank of Iran to cover its huge budget deficits in the last fiscal year (March 2020-21). "The government did...
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April 04,2021The managing director of Iran Fara Bourse, the junior equity market in Tehran, says removing limits on daily share prices would be a boon for bourse. Amir Hamouni told IRNA said eliminating the...
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April 04,2021With the bearish trend dragging on, the Tehran share market slumped on Sunday to extend a losing streak into the fifth day. The main index of Tehran Stock Exchange, TEDDPIX, lost 13,469 points or...
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April 03,2021Data released by the Central Insurance company of Iran shows decent growth in insurers' premium income from two recently digitalized categories, namely fire insurance and transportation insurance...
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April 03,2021An estimated 227 trillion rials ($908 million) worth of checks bounced in the month to Feb 18 -- up 8.8% compared with the earlier month. The Central Bank of Iran said the number of bad checks...
