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.
September 29, 2020 19:29
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August 12,2020The Money and Credit Council - the top monetary decision-making body - approved a proposal by the Central Bank of Iran to issue a new type of ‘Wadieh’ Islamic bond to tame money flow. According... -
August 12,2020The governor of Central Bank of Iran has backed a government crude oil presale plan of action for domestic buyers, saying that it is one of the few government options to fund the budget deficit in... -
August 12,2020Opening in positive territory in the early hours, Tehran stocks reversed course in the mid-trading session and finally ended trade in the red on Wednesday. The main index of Tehran Stock Exchange... -
August 11,2020The government sold 30.4 trillion rials ($132 million) in Islamic bonds in the interbank and stock market during the weekly auction on Tuesday. As per an earlier announcement, it was to offer... -
August 11,2020The economy and oil ministries said Tuesday that they would stick with the previously announced method to divest government shares in four refineries via an exchange-traded fund and this week’s... -
August 11,2020President Hassan Rouhani said Tuesday that the Supreme Council of Economic Coordination has approved the outlines of crude oil presale contracts to domestic buyers. Rouhani said the council... -
August 11,2020Extending earlier session’s loss, the Tehran Stock Exchange fell 3.16% on Tuesday and its benchmark, TEDPIX, lost 65,261 points to retreat to the critical 2 million points reached on August 2. ... -
August 10,2020Tehran stocks took an unexpected drubbing Monday following reports that the government had a change of heart and was suspending share offers in four refineries via exchange-traded funds. The... -
August 10,2020The state-owned Small Industries Investment Guarantee Fund provided coverage for 6.223 trillion rials ($26 million) in investments in small and medium-enterprises in the past three years.
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August 10,2020After a short-lived downturn a day earlier, major currencies climbed again on Monday with the dollar drawing closer to 220,000 rials at the end of trading session. After losing close to 9% and... -
August 09,2020The loan-to-deposit ratio (LDR) fell by 3.2 percentage points in the month to May 20 compared with the same month in the last fiscal year, to reach 77%, indicating banks’ increasing aversion to...
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August 09,2020The US dollar dropped by 21,000 rials on Sunday, losing close to 9% against the rial. The decline soon extended to bullion market, causing gold prices to fall about 10%. The greenback was traded... -
August 09,2020The government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially in May it had allowed tradability of only 30%. Justice Shares are... -
August 09,2020Renewed investor interest in large-cap stocks pushed the benchmark of Tehran Stock Exchange, TEDPIX, higher on Sunday while many smaller shares closed under sell-off. The TSE’s main gauge gained... -
August 08,2020Tehran share market trading hours will change to help ease pressure on the trading platform, CEO of the Tehran Stock Exchange said on Friday. -
August 08,2020The government earned 160 trillion rials ($695 million) by selling its shares in state companies via the stock market -- a figure far beyond initial projection in the fiscal budget (March 2020-21... -
August 08,2020In accordance with long- delayed plans to change Iran's monetary unit, four zeros have been designed in muted colors in the new 1,000,000-rial ‘Iran Check’, governor of the Central Bank of Iran... -
August 08,2020The nationwide payment settlement network, Shaparak, processed more than 2.87 billion payments worth 5,199.28 trillion rials ($23.3 billion) in the calendar month to July 21. Transactions rose 33.... -
August 05,2020The government so far has generated 500 trillion rials ($2.2 billion) from Islamic bonds in ten weekly auctions held by the Central Bank of Iran every Tuesday since early June. The auctions are... -
August 05,2020Gold coins recorded further increase on Wednesday with another 2.8% growth in prices compared to the previous day's close. -
August 05,2020The Majlis will debate a government-proposed bill based on which companies listed in the stock market can raise capital via share premium. Share premium is the difference in price between the par... -
August 05,2020Tehran’s share market strengthened above the critical 2 million points gaining another 39,142 points at the close of trading week on Wednesday. The TSE benchmark closed the session at 2,034,186... -
August 04,2020The CEO of Securities and Exchange Organization says 140 companies are in the listing process to join the Tehran Stock Exchange and Iran Fara Bourse, the junior equity market. Hassan Qalibaf-Asl... -
August 04,2020Value of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21). Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion) worth... -
August 04,2020The Central Bank of Iran says it will send to the judicial authority a bigger list of exporters that have failed to repatriate their currency earrings. Last week the CBI said it had provided the...
