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.
July 21, 2023 18:51
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January 09,2023Hurdles 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. The... -
January 09,2023The First Vice-President Mohammad Mokhber at the weekend announced the Cabinet's decision to boost the capital of the Central Bank of Iran by 28.748 trillion rials ($70.8 million) from the bank’s...
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January 09,2023Tehran 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...
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January 09,2023The 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 more...
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January 09,2023The 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. In a note...
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January 07,2023The supervisory body of the domestic payment network, Shaparak, said Bank Mellat acquired 17.95% of the electronic payment transactions in the calendar month to December 22. Bank Melli and Bank...
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January 07,2023Two local insurance companies, namely Amin Re and Mellat Insurance, have received regulatory permission to issue reinsurance bonds for the first time in Iran. According to a press release seen on...
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January 07,2023The Bank of Industry and Mine (BIM) said it funded some 210 knowledge-based companies and startups in the country since last year. According to a press release posted on the BIM website, the...
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January 07,2023Tehran Stock Exchange's main index, TEDPIX, gained 18,941.54 points or 1.20% on Saturday to end at 1,598,061.37. The TSE equal-weighted index climbed 1.89%. About 18.2 billion shares worth 108.38...
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January 06,2023The governor of the Central Bank of Iran Mohammad Reza Farzin held talks in Qatar on Thursday in the framework of plans to promote banking ties with the Persian Gulf Arab states. Heading a...
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January 06,2023Banks were the only buyers of government bonds in the last weekly auction held on Wednesday. Auctions are held by the Central Bank of Iran on behalf of the Economy Ministry to raise funds for the...
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January 06,2023Iran’s sovereign wealth fund, known as the National Development Fund of Iran (NDFI), is worth more than $147 billion, a deputy head of the fund said. Since inception in 2011 the fund “$122 billion...
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January 06,2023Banks' Coordination Council and the Association of Private Banks and Credit Institutions issued a joint statement on Thursday stating that they will abide by the Central Bank of Iran's rules on...
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January 05,2023The National Development Fund of Iran bought 20 trillion rials ($49.8 million) in shares since the beginning of the current fiscal year last March, head of NDFI Domestic Investment Affairs said...
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January 05,2023Tehran Stock Exchange's main index, TEDPIX, lost 12,239.10 points or 0.77% on Wednesday to end at 1,579,114.59. The TSE equal-weighted index lost 0.47%. About 14.6 billion shares worth 80.96...
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January 05,2023The Central Bank of Iran on Wednesday warned banks and credit institutions to uphold the newly-set interest rates on deposits or face prosecution. In a notice seen on the CBI website, the...
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January 05,2023An estimated 3.76 billion retail transactions were processed by the domestic electronic payment network Shaparak in the ninth month of the calendar year to December 22. Overall business via the...
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January 04,2023The parliamentary board responsible for monitoring government approvals’ compatibility with the law has rejected a decision by the government requiring the Central Insurance company of Iran (CII)...
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January 04,2023The main index of Tehran Stock Exchange, TEDPIX, lost 1,931.06 points or 0.12% on Tuesday to end at 1,591,353.87. The TSE equal-weighted index gained 0.48%. About 17.18 billion shares worth 94.84...
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January 04,2023The High Board of Divestures has approved block sale of 51% controlling shares in Tehran's two main football clubs, Esteghlal and Persepolis. According to a press release from the Iran...
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January 02,2023Some 50,000 transactions suspected of money laundering were detected in the banking network in the past one and a half years, a deputy economy minister said. “During the period 1,000 cases were...
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January 02,2023After recent setbacks, the Tehran Stock Exchange's main index, TEDPIX, gained 28,918.87 points or 1.85% on Monday to end at 1,593,284.96. The TSE equal-weighted index gained 1.89%. About 12.1...
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January 02,2023Some state banks have started offering higher interest rates on deposits even though the Central Bank of Iran has not yet approved the increase, media reports in Tehran said Monday. A report by...
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January 02,2023The Central Insurance company of Iran (CII) has published a report on the risk retention capacity of domestic insurers adding three new companies to the list. According to the CII website, the...
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January 02,2023Tehran Stock Exchange's main index, TEDPIX, slumped by another 26,130.25 points or 1.64% on Sunday to end at 1,564,365.67. The TSE equal-weighted index lost 2.43%. About 13.37 billion shares worth...
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