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.

  • US Siege Bars Access to Vaccine
    The Governor of the Central Bank of Iran Abdolnasser Hemmati said efforts to transfer money for buying the coronavirus have been futile due to United States economic siege.  In a note posted on...
  • Stocks Slip After Rally
    Tehran stocks opened trade on Monday in positive territory only to jump later into the red under sell-side pressure.  The main index of Tehran Stock Exchange, TEDPIX, gained 10,000 points at the...
  • Iran Insurance Company (IIC) and ISACO, a major auto aftersales services company affiliated to Iran Khodro (IKCO), signed a deal on Monday to develop a joint platform for digitizing claims...
  • 2nd Private Equity Fund Listed at IFB
    Iran Fara Bourse, the junior equity market, hosted a subscription for units of a private equity fund on Monday -- the second of its kind.  The fund is dubbed as Turquoise Servat Afarin Private...
  • Currency Stable, Gold Slightly Higher
    Foreign exchange and gold prices in Tehran saw no significant swing for the second successive day. The US dollar gained 0.38% or 1,000 rials on Sunday and bought 258,000 rials in the open market...
  • Stake Sale Big Part of Budget
    The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget.  As per the draft published by...
  • TEDPIX Crosses 1.5m Threshold
    Tehran stock market extended a winning streak on Sunday with the benchmark of Tehran Stock Exchange climbing above 1.5 million points as positive developments boosted sentiment.     TSE's main...
  • Monthly E-Payments Decline
    The nationwide payment settlement network, Shaparak, processed approximately 2.76 billion payments worth 4,379.55 trillion rials ($16.8 billion) in the calendar month to Nov. 20. Transactions were...
  • Stocks Get Breathing Space
    After lukewarm performance in the past two sessions, small and large cap stocks gained on Saturday amid noticeable support from institutional traders.     The market-cap weighted benchmark of...
  • Distressed Loans Restructured
    The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said.  Restructuring was proposed by...
  • Concerted Efforts Enhance Security of e-Transactions
    Shaparak Company, the body in charge of supervising Iran’s e-payment network, is making concerted efforts to better detect fraud and improve security of the fledgling e-payment network, the company...
  • New Procedures for Divesting Bank Assets
    The Central Bank of Iran has announced new guidelines for divesting non-financial assets of banks and credit institutions.  The guidelines are as per provisions of the law to Remove Barriers to...
  • Talks on Mandatory Home Insurance
    The Central Insurance company of Iran, the industry’s regulatory body, is in the process of setting up a special fund to cover 30 million homes against natural disasters. 
  • MRC Looks at Retail Inflation
    The Majlis Research Center in a report explored the main reasons behind the sharp increase in consumer prices in the second quarter of the current fiscal year (June 21-Sept.21). "The Consumer...
  • Bonds High on Budget Bill
    The government hopes to sell bonds worth about 750 trillion rials ($3 billion) in the 2021-2022 fiscal year. As per the new budget bill sent to parliament on Wednesday, the government said it...
  • Gov't Quits Subsidy Policy in New Budget
    The government has put an end to subsidized currency rates ($1=42,000 rials) in the proposed 2021-22 fiscal budget, the spokeswoman for Plan and Budget Organization said.  The cheap currency has...
  • EU Pushed Back When Trump Sanctioned Iran’s Banks in Oct.
    Germany, France and Britain urged the Trump administration in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter legitimate humanitarian trade...
  • Tehran Housing Market Reviewed
    The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the capital city Tehran during the second quarter of the current Iranian year (June...
  • Bond Sale Generates $78m
    The government sold bonds worth 19.5 trillion rials ($78 million) at the weekly auction on Tuesday -- apparently   higher compared with the nine months’ average but way lower than the previous week...
  • Forex and Gold Halt Rise
    Gold prices and foreign exchange rates retreated on Wednesday after rallying for two consecutive sessions. The dollar lost 3.14% or 8,000 rials, and was quoted at 255,000 rials in Iran’s open...
  • Trade in Refinery ETF Commences
    The exchange-traded fund holding shares of the government in four refineries listed with Tehran Stock Exchange started trade on Tuesday.  The ETF, dubbed ‘First Refinery’ holds government shares...
  • Volatility Returns to Forex Market
    A new round of volatility returned to Tehran's chaotic foreign exchange market Tuesday amid rising uncertainty and prospects of further political tensions.  Quoted below 260,000 rials in the early...
  • TSE Notches Up 0.5%
    The main index of Tehran Stock Exchange, TEDPIX, gained 7,727.15 points or 0.53%, Tuesday to end trading at 1,473,701.9. About 13.74 billion shares valued at 162.27 trillion rials ($649.08 million...
  • Call for Informed Monetary Analysis
    Monetary variables, such as broad money supply, needs to be assessed in light of special circumstances and unusual circumstances, a Central Bank of Iran official said.  "Focusing only on monetary...
  • Tehran High on List of Bad Checks
    In the calendar month ending Oct.21 a total of 734,000 checks bounced – down 15% compared to a month before.  In value terms, bad checks increased 4.5% worth 214 trillion rials ($856 million),...

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