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.
August 13, 2022 00:51
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August 13,2022Banks and credit institutions gave 277 trillion rials ($893 million) loans to knowledge-based companies from the beginning of fiscal year to July 22, the Governor of the Central Bank of Iran said... -
August 13,2022Almost all interment payment gateways and point-of-sale terminals are fully integrated into the tax system, concluding a project that started almost two years ago, the Central Bank of Iran vice...
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August 13,2022Bond sale by the government faltered this week as the main buyers, namely banks and institutional investors in the stock market opted out. On behalf of the Economy Ministry, the Central Bank of...
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August 10,2022Forex rates in the unofficial market dropped on Wednesday dragging down prices in the domestic bullion market. The US dollar was quoted at 311,140 rials, down 5,500 rials or 1.9% in Tehran’s free...
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August 10,2022Iran's Trade Promotion Organization said $10 million in cryptocurrency was used recently for settling an import bill. Alireza Peymanpak, the TPO chief, made the announcement in a tweet noting that...
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August 10,2022Tehran’s share market saw choppy trade on Wednesday as most shares pared early hour gains amid mounting sell-off. The benchmark of Tehran Stock Exchange, TEDPIX shed 3,478.85 points or 0.24% to...
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August 10,2022The monetary regulator may consider the possibility of higher interest rates on bank deposits, the governor of the Central Bank of Iran said. Speaking on the sidelines of a Cabinet meeting in...
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August 09,2022The Iranian National Tax Administration (INTA) said value added tax will no longer be levied on commodity-linked certificates of deposit (CD) traded via the Iran Mercantile Exchange and Iran Energy...
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August 09,2022Financial statements of several banks and credit institutions listed in the stock market show most are disinclined to lend. Financial data of 11 banks analyzed by the Economy Ministry news website...
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August 09,2022The main gauge of the Tehran Stock Exchange, TEDPIX, gained 3,019 points or 0.21% on Tuesday to end trade at 1,451,941. A total of 6.48 billion shares worth 55.88 trillion rials ($180 million)...
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August 08,2022Interbank rates declined further last week after recently bucking a four-month rising trend, indicating the regulator’s intervention to control rates was effective. The rate dropped below 21% and...
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August 08,2022An estimated 3.77 billion retail transactions were processed by the domestic electronic payment network, known as Shaparak, in the fourth month of the calendar year to July 20. These were worth 6,...
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August 08,2022Banks issued 75 trillion rials ($240 million) in ‘Productive Credit Certificates’, known by its Persian acronym Gam, in one month, head of the Central Bank of Iran public relations office said. ...
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August 08,2022The US dollar and other currencies posted decline in Tehran’s free market on Wednesday, apparently under the influence of reports about the resumption of the Iran nuclear talks. The greenback was...
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August 08,2022Banks and credit institutions gave 160 trillion rials ($516 million) in collateral-free loans after the government announced a new lending program in January. According to a press release of the...
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August 08,2022Tehran’s share market improved at the close of trading week on Wednesday, building on slight gains in the previous session. The benchmark of Tehran Stock Exchange, the market cap-weighted TEDPIX...
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August 08,2022The National Development Fund of Iran, the sovereign wealth fund, is to deposit an extra 10 trillion rials ($32 million) with the Capital Market Stabilization of Fund (CMSF). “Based on talks...
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August 08,2022The bond sale boomed this week thanks to contribution of banks and credit institutions but lack of interest from investors in the capital market. In the 11th auction on Tuesday, 32 trillion rials...
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August 03,2022The Central Bank of Iran on Tuesday unveiled a supply chain finance (SCF) scheme based on contract farming to improve financing for the agriculture sector. Speaking on the sidelines of the...
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August 03,2022The main index of Tehran Stock Exchange, TEDPIX, closed session on Tuesday slightly higher, as selling pressure in the share market eased. TEDPIX gained 2,415.51 points or 0.17% to end trading at...
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August 03,2022In a new appraisal of the Central Bank Bill, the Majlis Research Center, the expert wing of Iran’s Parliament, said the bill will potentially enhance the independence of the Central Bank of Iran,...
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August 03,2022The Central Insurance Company of Iran is planning to establish an innovation center that will extend support to knowledge-based companies and startups active in the field of insurance. Majid...
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August 02,2022Russia’s State Duma supports building ties with Iran and the Central Bank of Iran, says Anton Tkachev, deputy of the State Duma, noting that the two countries need to make better use of financial...
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August 02,2022The ratio of loans to deposits has declined for three months until June 21. It was 81.7% at the end of Q1, which was 1.6 percentage points lower on mid-April when it stood at 83.3%, the Central...
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August 02,2022The benchmark of Tehran Stock Exchange, TEDPIX, gained 4,108.21 points Monday ending trade at 1,427,605. The market again saw a deep decline in trade by retail investors. Total deals handled by...
