Governor of the Central Bank of Iran Abdolnaser Hemmati says recommendations of the anti-money laundering body, the Financial Action Task Force, are part and parcel of international banking…
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.
As part of efforts by the Central Bank of Iran to crack down on capital flight which the banks partly blame for the currency market volatility, the CBI is enforcing its decision to ban all…
Banks lent 51.9 trillion rials ($384 million) to 626 knowledge-based companies by the end of the third quarter of the current fiscal on December 21. According to data published on…
Lawmakers on Wednesday approved one more amendment to the next year’s (March 2019-20) budget bill that requires monitoring high-value banking transactions. The measures come as an attempt to…
Stocks swung into the black on Wednesday as investors heaved a sigh of relief after President Hassan Rouhani rejected Foreign Minister Javad Zarif’s resignation. The main gauge on Tehran Stock…
After declining for nine consecutive months, home sales in Tehran showed a 39% increase in the Iranian month of Bahman (Jan. 21-Feb. 19) compared with the previous month. This comes as…
Tehran Stock Exchange turned bearish on Tuesday with the benchmark index TEDPIX losing 2,082.14 points or 1.25% after news about the resignation of Foreign Minister Javad Zarif rattled the…
The next round of crude oil offer on Iran Energy Exchange (IRENEX) will be made by the National Iranian Oil Company on March 4. Offer conditions are the same as the previous round with regard to…
The parliament approved the section of next year’s (March 2019-20) budget bill that allows the Central Bank of Iran to launch secondary markets for trading Islamic bonds issued by the government…
President Hassan Rouhani on Tuesday strongly defended his government's initiative to comply with global anti-money laundering and countering financing of terrorism standards, saying failure to…
To help inculcate transparency in statecraft, the parliament ratified one amendment to the next year’s (March 2019-20) budget bill on Monday obliging government-affiliated firms to log their…
The benchmark TEDPIX average finished above 166,000 points as the three-day rally in stock prices showed no signs of letting up. TEDPIX average extended its winning streak to a third session on…
The soon-to-be-launched regulated foreign exchange market, the framework for which has been approved, will function as an over-the-counter market. Rules for launching the first-ever…
Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects in the next fiscal…
The benchmark TEDPIX average extended its winning streak to a second session on the Tehran Stock Exchange on Sunday, backed by renewed hopes about soon-to-be-released monthly earning results of…
A study by Tehran Stock Exchange about the role and significance of the capital market in next year's (March 2019-20) budget – currently being debated in the parliament – has concluded that the…
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The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the…
In an amendment to the next budget bill, the Majlis obliged the government on Saturday to levy tax on the earnings of Astan Qods Razavi, Executive Headquarters of the Imam's Directive - shortly…
With proposals to split the Ministry of Industries, Mining and Trade into two separate ministries making the rounds once again, a business expert says the issue should be put on the backburner…
Lawmakers obliged the government on Saturday to identify and remove three high-income deciles from the list of those receiving the monthly cash subsidy payment. They ratified the measure…
Tehran Stock Exchange and Iran Fara Bourse clocked their biggest single-session point gains in more than a month on Saturday. TSE's main index, TEDPIX, rose 4,778.26 or 3.00%, as of market close…
Bank Maskan, the state-run agent bank of the housing sector, granted a total of 421,800 loans worth 157.14 trillion rials ($1.17 billion) during the 10 months ending Jan. 20. The…
Lawmakers ratified another section of next year's (March 2019-20) budget bill that allows Bank Maskan - the main housing bank - to reimburse 50 trillion rials ($400 million) of its debt to the…
Foreign exchange rates declined on Thursday, after a week of flurry brought the US dollar close to the psychological level of 140,000 rials the previous day. According to market reports, the…
The anti-money laundering body, the Financial Action Task Force announced on Friday that it has extended the suspension of countermeasures against Iran for another four months, recognizing the…
