The Central Bank of Iran said Sunday it has sacked heads of bank branches for flouting rules related to interest rates on deposits. Las week the CBI said it was inspecting bank branches…
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.
The Central Insurance company of Iran (CII) on Saturday granted an operating license to one more general insurance company, Farda Smart Insurance Company, to offer digital service.
Tehran Stock Exchange's main index, TEDPIX, gained 37,167.71 points or 2.33% on Sunday to end at 1,635,229.22. The TSE equal-weighted index gained 2.14%. About 19.85 billion shares worth 105.63…
Hurdles to forex allocation for the import of essential goods have been removed and as of Sunday an extra $1.5 billion was budgeted for such imports, news outlets in Tehran said Monday.
Tehran Stock Exchange's main index, TEDPIX, added 11,677.17 points or 0.71% on Monday to end at 1,646,905.82. The TSE equal-weighted index was higher by 0.80%. About 19.56 billion shares worth…
Imported cars will be offered at Iran Mercantile exchange (IME) later this month if the prerequisites are met, a spokesperson for the Ministry of Industries, Mining and Trade said.
Insurers generated 1,268 trillion rials ($3.12 billion) in premium in the first nine months of the current fiscal year (ends March) -- up 58.4% on the same period last year. Medical…
Tehran Stock Exchange's main index, TEDPIX, gained 21,282.96 points or 1.29% on Tuesday to end at 1,668,188.25. The TSE equal-weighted index climbed 1.46%. About 18.5 billion shares worth 113.4…
Banks and credit institutions gave 1,390 trillion rials ($3.42 billion) in loans to encourage youth marriage and childbirth since the beginning of the calendar year last March The Central Bank…
The Social Security Organization (SSO) paid 880 trillion rials ($2.1 billion) in outstanding debts to banks as instructed by President Ibrahim Raisi, Solat Mortazavi the Minister of Labor,…
Despite recent reports in the local media, banks have denied a halt in loans due to the reported rise in interest rates. Alireza Qeitasi, secretary of the State Banks Coordination Council…
The average residential rent in Iran’s urban areas has increased by 46.4% in the ninth month of the current Iranian year (Nov. 22-Dec. 21) compared with the similar month of the year before,…
The governor of the Central Bank of Iran Mohammad Reza Farzin held talks on Tuesday with Sheikh Mansour bin Zayed Al Nahyan, the deputy PM and minister of the presidential court in Abu Dhabi on…
Bank Shahr has received permission from the Central Bank of Iran to launch a real estate investment trust. According to a press release seen on the bank's website, the private lender…
The weekly government bond auction on Wends day held by the Central Bank of Iran again failed to impress in the absence of equity market investors and banks. Auctions are held by CBI on behalf…
The secretary of Private Banks and Credit Institutions Association says collateralization is crucial for giving loans and banks are not required to lend without collateral. "Banks need to…
The domestic e-payment network, Shaparak, says most payment service providers (PSPs) showed meager change in their market share in the month to Dec 22. Beh Pardakht Mellat topped the list…
A special taskforce to integrate efforts for regulating cryptocurrencies has been set up by the government. The National Taskforce of Cryptocurrencies held its first meeting in Tehran…
Banks and credit institutions are mandated to allocate up to 2,000 trillion rials ($4.92 billion) in interest-free lending for government programs including loans to newlyweds, for childbirth…
Trade at the Iran Mercantile Exchange (IME) is expected to exceed 10,000 trillion rials ($24.63 billion) by the end of the current fiscal year in March, Hamed Soltani Nejad, the IME head said.…
The loan to deposit ratio (LDR) declined for nine months to December 22 by 82.4%, which was 0.3 percentage points lower than the beginning of the fiscal year last March at 83%, the Central Bank…
The governor of the Central Bank of Iran reiterated that increasing interest rates is a compulsion. Addressing senior bankers, Mohammad Reza Farzin asked banks to follow rules on the cap on…
Tehran’s share market wrapped up the week on Wednesday up almost 2.24%. Tehran Stock Exchange main index, TEDPIX, gained nearly 37,000 points or 2.24% in the week to end at 1,689,144.1.…
Digital banking professional say innovative credit services, namely lendtech and BNPL (buy now and pay later), will dominate Iran's fintech ecosystem this year, thanks to the galloping inflation…
The governor of the Central Bank of Iran, Mohammad Reza Farzin, said the bank has gained access to a big part of its blocked assets in some foreign countries and is using it to control currency…
