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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May 18,2022The government will divest its stakes worth 2,100 trillion rials ($7 billion) in several companies to repay its debt to public organizations by March 2023 when the calendar year ends, head of the... -
May 18,2022The Iranian National Tax Administration (INTA) said foreign currency dealers must also pay tax if they trade outside the purview of official exchange bureaus and banks. In a notice posted on its...
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May 18,2022The benchmark of Tehran Stock Exchange, TEDPIX, on Tuesday broke past the strong resistance level of 1.6 million points – the same place 20 months ago. The market cap-weighted TEDPIX gained 22,...
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May 18,2022Senior financial and economic officials found flaws with the functioning of the National Development Fund of Iran and underscored the need to improve its efficiency. One of the main concerns is...
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May 18,2022The Central Insurance company of Iran (CII), the state regulator of the industry, says it has launched a special unit to support insurtech startups. Promoting insurance-related startups was...
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May 18,2022The loan-to-deposit ratio (LDR) of banks and credit institutions has been of the ascending order for four straight months, indicating a higher inclination to lend. It was 82.8% by end of the month...
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May 17,2022The Securities and Exchange Organization (SEO) says it will facilitate funding for the housing sector by launching new instruments. Speaking at a ceremony at the Iran Mercantile Exchange on...
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May 16,2022The Central Bank of Iran says the supply of currency for imports outpaced damned over the past three weeks. “Forex resources are enough to fully cover imports as well as [needs of] the people,”...
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May 17,2022After a brief lull the session before, Tehran’s share market resumed rally on Monday. The main gauge of Tehran Stock Exchange, TEDPIX, gained 10,820 points or 0.69% to end trade at 1,583,800....
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May 16,2022Competition remains intense in the retail electronic payment industry, with Saman Electronic Payment company topping the list of service providers in terms of the total number of transactions in...
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May 15,2022The Central Bank of Iran on Sunday announced rules for independent anti-money laundering (AML) and counterterrorist financing department for all banks and credit institutions. As per a press...
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May 15,2022The Central Bank of Iran on Sunday banned companies from importing goods without declaring the origin(s) of their foreign currency. In a press statement seen on its website, the CBI said that the...
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May 15,2022Bank Melli Iran, the biggest state lender, opened two special branches in Tehran to help fund knowledge-based companies, the CEO said. Mohammadreza Farzin said Sunday the special branches will...
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May 14,2022Forex rates and gold prices dropped at the beginning of business week on Saturday bucking a rising trend that dominated the whole of last week. Reaching the multi-month high of 307,000 rials as...
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May 14,2022The Central Insurance company of Iran, the regulator of the sector, is planning to put an end to its supremacy over the reinsurance market by increasing the number of players, head of the company...
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May 14,2022Tehran stocks opened trading week Saturday on a strong note building on previous gains with small caps and penny stocks in the lead. The main gauge of Tehran Stock Exchange, TEDPIX, gained 13,...
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May 14,2022The Governor of Central Bank of Iran Ali Salehabadi says the government has undertaken major reforms to improve the banking sector. The reforms concentrate on controlling influential factors in...
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May 14,2022Tehran stocks were bullish in the week ending on Wednesday, extending three weeks of a winning streak. Shares of small-sized companies contributed the most to gains though large caps attracted...
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May 13,2022The Governor of Central Bank of Iran Ali Salehabadi says the government’s move to pay new cash subsidies would have little impact on money supply with no significant inflationary consequences. In...
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May 14,2022Foreign exchange rates in the unofficial market extended weeklong gains against the rial hitting fresh highs on Thursday. The dollar was traded at as high as 308,000 rials posting more than 3%...
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May 13,2022Amin Re, a leading reinsurance company in Iran, has applied for permission for starting Iran's first Takaful insurance company in Kish Island. According to Risknews, Amin Re submitted application...
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May 13,2022Forex rates hit new highs at Tehran’s unofficial currency market on Wednesday carrying with it the bullion market. The US dollar briefly touched the psychological 300,000 rials in the middle of...
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May 13,2022Disbanded illegal cryptocurrency mining centers across Iran have reached 6,914 since the crackdown began in 2020 and most were in five provinces including Tehran. According to IRIBnews.ir, total...
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May 13,2022The Central Bank of Iran on Wednesday asked banks and credit institutions to withhold processing transactions suspicious of money-laundering. In a press statement posted on its website, the CBI...
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May 13,2022Tehran stocks closed trading week Wednesday bullish amid new demand that sent share prices to multi-month highs. The benchmark of Tehran Stock Exchange, the market cap-weighted TEDPIX, gained 24,...
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