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.
January 24, 2022 12:47
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December 18,2021The Industries Ministry and Central Bank of Iran signed a memorandum of understanding to coordinate the foreign trade programs of the former with the forex policy of the latter. According to a... -
December 18,2021After a weeklong bear market, Tehran stocks opened trading week Saturday on a strong note buoyed by reports that the government seeks to initiate a new support program. The benchmark of Tehran...
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December 18,2021The government plans to inject fresh capital into the Capital Market Stabilization Fund (CMSF) to stimulate the battered share market. Citing a recent decision taken by the Government Economic...
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December 17,2021The government has cut its income forecast from bonds in the 2022-23 draft budget. In the proposed budget, published by the Planning and Budget Organization, the government plans to sell 880...
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December 17,2021The Central Bank of Iran said it has made available subsidized forex ($1=42,000 rials) for medicine import upon the orders from President Ebrahim Raisi. “$2.5 billion has been allocated for...
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December 17,2021Tehran stocks left behind a bearish trend in the last trading week that ended on Wednesday with capital flowing out thanks to retail traders rushing for the exits. The benchmark of Tehran Stock...
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December 15,2021The Iran Mercantile Exchange will unveil futures contracts backed by copper next week, the IME Derivative Market Department announced. As per a notice on imereport.ir, the first round of copper...
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December 15,2021The Securities and Exchange Organization has ordered manufacturers listed with the stock market to include data about energy consumption costs in their financial reports. Companies are required...
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December 15,2021The Central Insurance company of Iran, the industry’s regulator, has welcomed the government's action plan to create the conditions for offering insurance risk securities, saying that it would...
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December 15,2021The main gauge of Tehran Stock Exchange, TEDPIX, closed trading week Wednesday slightly above the flatline. The market cap-weighted benchmark gained 1,373 points or 0.11% to end trading at 1,293,...
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December 15,2021The government sold 71 trillion rials ($240 million) in bonds during the weekly auction held by the Central Bank of Iran. Unlike the past two rounds, banks made a bigger contribution but...
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December 14,2021The Central Bank of Iran said it has intensified supervision over exchange bureaus and penalized offending moneychangers. In a press release seen on its website on Tuesday, the regulator said it...
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December 14,2021The government’s income forecast from selling stakes in listed companies has declined sharply in the proposed 2022-23 budget. It expects to generate 710 trillion rials ($2.3 billion) from its...
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December 14,2021Private banks and credit institutions are against increasing interest rates, the secretary of Iran's Private Banks and Credit Institutions Council said. "Bank CEOs agreed to comply with rates set...
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December 14,2021The pressure from sellers of blue chips eased in Tehran’s share market on Tuesday, but majority of penny stocks were hit by the unrelenting sell-off. The market-cap weighted benchmark of Tehran...
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December 13,2021Tehran shares Monday extended the long streak of losses amid mounting pressure from sellers that put the benchmark of Tehran Stock Exchange to where it was five months ago. The market cap-...
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December 13,2021The share of housing in the Iranian households’ spending budget has reached an unprecedented high. According to official statistics, households living in urban areas spent an average of 43% of...
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December 13,2021Iran Fintech Association, a non-government society formed by founders of fintech applications, has again voiced opposition to the recently announced restrictions on financial facilitators. The...
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December 13,2021Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains. The dollar lost the psychological 300,000 rials support level and retreated to 298,000...
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December 13,2021Russian President Vladimir Putin lamented the fall of the Soviet Union and said he worked an extra job as a taxi driver after its collapse to make ends meet.
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December 13,2021Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget. This is 25% higher on...
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December 12,2021The government has allocated 1,000 trillion rials ($3.4b) to help compensate the elimination of subsidized foreign currency in the 2022-23 budget. Scrapping the controversial forex subsidies is...
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December 12,2021The main index of Tehran Stock Exchange, TEDPIX, lost another 1.78% on Sunday amid unrelenting sell-side pressure in all share categories. The benchmark shed 23,679.64 to end trade at 1,320,761,...
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December 12,2021Insurance companies are required to collect 5 trillion rials ($16.6 million) from third-party auto insurance policies in the next fiscal year. As per the 2022-23 draft budget sent to the Majlis on...
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December 12,2021Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal. The dollar dropped more than...
