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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January 24,2022Tehran Stocks posted the second big loss in two straight sessions on Monday amid retail investors struggling to exit the market and the nonstop outflow of capital. The main index of Tehran Stock... -
January 24,2022The Iranian Privatization Organization is seeking to divest the remaining government shares in three banks, the IPO head said. “The government holds 8% stake in Bank Saderat Iran, 10% in Bank...
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January 24,2022The National Informatics Corporation of Iran has submitted to the regulatory sandbox of the stock market a plan to launch digital asset funds, the CEO said. "The proposal is to create asset...
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January 24,2022Monetary data released by the Central Bank of Iran show that highly liquid assets are growing at a much slower pace than their less liquid peers. Two main components of money supply, (M1) stood...
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January 24,2022An estimated 7.3 million tons of goods and commodities worth 599 trillion rials ($2.2 billion) were traded in the spot market of the Iran Mercantile Exchange in the calendar month ending Jan. 20...
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January 23,2022The Iran National Tax Administration announced tax exemptions for businesses that register their POS terminals before February 21. "We have extended the deadline for registering POS payment...
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January 24,2022Tehran stocks closed Sunday under heavy selloff pressure as budgetary decisions weakened sentiments. The main index of Tehran Stock Exchange, TEDPIX, lost 25,254 points or 1.97% for the day to...
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January 23,2022Banks will no longer demand collateral for loans below 1 billion rials, a deputy with Economy Ministry said. Abbas Hosseini, the ministry’s deputy for banking, insurance and state company affairs...
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January 23,2022Bounced checks reached an estimated 544,000 in the ninth calendar month ending Dec. 21, down 13.6% compared to the month before. Total value of the rejected checks was 255 trillion rials ($910...
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January 23,2022Insurance companies generated 799 trillion rials ($2.95 billion) in premium in the first three quarters of the current fiscal year (ends in March – up 36% on the same period last year. Life...
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January 23,2022Shares in Tehran opened trading week on Saturday mixed amid demand for some large caps in the early hours of trade, but selloff pressure mounted as the session drew to a close. The benchmark of...
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January 23,2022The National Development Fund of Iran gave 880 trillion rials ($3.2 billion) in loans in the first seven months of current fiscal year (March 20-Oct.21), the managing director of the sovereign...
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January 21,2022The National Development Fund of Iran, the sovereign wealth fund, will inject fresh funds into the Capital Market Stabilization Fund (CMSF) in the coming weeks, the CMSF chief said. Amir Mahdi...
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January 21,2022The monetary base expanded to unprecedented levels in the calendar month to Dec. 31 due mainly to banks’ excessive borrowing from the Central Bank of Iran. It grew 37.6% in the 12 months ending...
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January 22,2022Tehran stocks ended the last calendar month on Jan. 20 down 3% registering the third consecutive month that stocks are under mounting pressure.
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January 21,2022South Korea is in consultations with Iran over the proposed use of Tehran's funds held under US sanctions to pay dues to the United Nations and regain its voting rights, Korean government sources...
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January 21,2022Tehran stocks bucked a declining trend at the close of trade on Wednesday – a trend that has dominated the share market over the past five sessions. The fragile recovery was due to the price rise...
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January 21,2022The Central Bank of Iran in collaboration with the Trade Promotion Organization has agreed to further ease procedures for exporters who failed to repatriate their overseas income in the past three...
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January 21,2022Central bank Governor Ali Salehabadi said Tuesday the regulator is in the process of reforming regulations to help ease the people's access to financial services. "Banks must prioritize funding...
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January 21,2022Government bonds again failed to attract buyers at this week’s auction on Tuesday as both in situational investors in the bourse and banks stayed away. According to Central Bank of Iran data...
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January 19,2022Tehran’s share market faced a bruising selloff on Tuesday as a wave of panic selling dragged down prices in majority of the tickers. Under unrelenting sell-side pressure, the benchmark of Tehran...
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January 18,2022The Central Bank of Iran’s plan to launch a supply chain finance (SCF) mechanism is expected to help improve the allocation of funds across economic sectors, the bank’s SCF Department said. Hamid...
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January 19,2022Loans by banks and credit institutions increased 59.5% in the first nine months of current fiscal year (March 21-Dec. 21). Banks lent 20,195 trillion rials ($74 billion) to various economic...
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January 18,2022The Money and Credit Council has approved a proposal by the Central Bank of Iran for minting a digital rial as a central bank digital currency (CBDC), CBI deputy governor for innovation...
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January 17,2022After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market. The US dollar closed at 274,800 rials in Tehran’s unofficial market...
