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.
April 05, 2020 21:07
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January 25,2020Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500 rials, compared to previous working day's close. According to the Tehran Gold and Jewelry... -
January 25,2020The Export Guarantee Fund of Iran is collaborating with insurance companies to expand risk coverage for export companies, the EGFI chief said. Outlining the new strategy of Iran’s main export... -
January 25,2020Unlike the shaky global markets, Tehran stocks opened trading week in positive territory as investors sold metal and commodity equities to buy shares of less export-oriented firms, perturbed by... -
January 24,2020Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October 22), according to the... -
January 24,2020The Ministry of Industries, Mining and Trade has issued 1,000 plus licenses for cryptocurrency mining units so far, an official with Iran’s ICT Guild Organization said. A limited number of... -
January 22,2020The Ministry of Economy plans to sell Manfa’at Sukuk bonds worth 47 trillion rials ($361 million) on January 25 as part of financial measures to compensate budgetary needs in current fiscal year... -
January 22,2020Central Bank of Iran has allocated up to 700 trillion rials ($5.3 billion) to companies via the CBI’s new funding scheme dubbed the ‘Productive Credit Certificate’, the bank’s governor said. The... -
January 22,2020The Industrial Management Institute has placed three privatized lenders atop its list of the largest domestic banks in fiscal year 2019-2020. The organization released the latest list of its 500... -
January 22,2020Tehran stocks rebounded at the end of trading week on Wednesday after two sessions of price corrections sparked by bleak quarterly reports. Tehran Stock Exchange eked out a 1.2% gain for the day... -
January 21,2020Iran’s stock market made funds available for businesses to the tune of 1,290 trillion rials ($9.9 billion) in the first nine months (March 20- Dec 21) of current fiscal year, the Tehran Chamber of... -
January 21,2020A list of 150 companies that failed to repatriate their export revenues has been sent to the judiciary, head of Iranian Export Confederation said, noting that the deadline of the Central Bank of... -
January 21,2020Central Bank of Iran announced Tuesday that lenders will stop offering payment services via the conventional static passwords as of next week that starts on Saturday. According to a notice on... -
January 21,2020Having purchased 5,423 homes in Turkey, Iranians ranked the second biggest foreign buyers of real estate in the neighboring country after Iraqis in 2019, figures released by the Turkish Statistical... -
January 21,2020The main gauge of Tehran Stock Exchange, TEDPIX, dropped 0.93% on Tuesday while the equal-weighted index took a reverse course and climbed more than 1% for the day. Indicators report a downturn... -
January 20,2020The Central of Iran in a directive has ordered banks and credit institutions to send it the names of the checkbook holders who have had more than 20 bounced checks times. -
January 20,2020Domestic insurance companies' total payout in the first nine months of the current fiscal year (March-December 2019) amounted to 220 trillion rials ($1.6 billion), with the auto and medical... -
January 20,2020A group of banking experts, including former governors of Central Bank of Iran, has criticized provisions of a new banking bill as ambiguous, impractical and lacking informed analysis. Not... -
January 19,2020The Majlis Joint Commission has approved an increase in marriage loans given to newlyweds, the Minister for Sports and Youth Masoud Soltanifar said. The commission, which is studying the budget... -
January 19,2020Having accomplished one goal of bringing a semblance of stability to currency market, the Central Bank of Iran will now concentrate on controlling inflation, the governor said. “From now on,... -
January 19,2020Iran Customs Administration has required all its offices to follow anti-money laundering regulations approved by the government last October. As per the notice, customs offices across the country... -
January 19,2020Iran Chamber of Cooperatives has measured the purchasing managers’ index (PMI) for the country’s real-estate and construction sectors, under the Farsi acronym “Shamekh”, for the ninth month of the... -
January 19,2020The main index Tehran Stock Exchange,TEDPIX, gained 732.53 points, or 0.18%, on Sunday to end trading at 410,694.5. About 6.38 billion shares valued at 37.56 trillion rials ($288.92 million)... -
January 18,2020Insurance companies are facing restrictions for transferring risk to foreign reinsurance companies, though talks are underway with reinsurance companies in Azerbaijan, Russia and Syria, according... -
January 18,2020The government plans to offer its shares in Tabriz Oil Refining Company and two insurance firms, namely Alborz Insurance Company and Amin Reinsurance Company in the near future. According to...
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January 18,2020The first transactions were reported under the newly unveiled Open Market Operation on Saturday when 10,000 treasury bills were traded between the Central Bank of Iran and a bank in need of...
