Kish Island Hoteliers’ Society says it will unveil cryptocurrency ATMs allowing foreign travelers to exchange their cryptocurrency into rials.
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.
Almost all stock categories ended lower Sunday with sell-side pressure taking a bigger toll on small caps and penny stocks. The benchmark of Tehran Stock Exchange, TEDPIX, lost 9,735.41…
Non-performing loans declined further at the end of last fiscal year (ending March), indicating banks’ progress in recovering bad loans, Central Bank of Iran data show. The ratio of NPLs…
Recent Central Bank of Iran data show increase in money (M1) and a proportional decline in quasi money, or M2. M1 was in the region of 11,268.4 trillion rials ($36.3 billion), up 55…
Financial statements of the Securities and Exchange Organization (SEO), the capital market regulator, indicate 52% decline in its income in the last fiscal year that ended in March. …
Tehran stocks opened the week on Saturday lukewarm with the main market indicators near the flatline. The main index of Tehran Stock Exchange, TEDPIX, gained 1,601.42 points or 0.11% to…
The industrial production index (IPI) improved in the third calendar month to June 21, bucking a five-month declining trend. According to a report by the Monetary and Banking Research…
Spot trade at the Iran Mercantile Exchange (IME reached 634 trillion rials ($2 billion) in the fourth calendar month ending July 22. This was 20% down on the preceding month when…
Hammered by the deep recession and unending liquidity outflow, Tehran’s share market was stuck in the red in the last calendar month that ended on Friday (July 22).
The Raisi administration has settled its debts to three public organizations and pension funds, including the Social Security Organization, the government spokesman. “Reimbursed debts…
The supervisory body of the domestic payment network, Shaparak, said Bank Mellat acquired 19% of the electronic payment transactions in the calendar month to June 21. It said Bank Melli Iran…
Tehran stocks ended trading week on Wednesday slightly higher but unprecedented decline in retail trade continues to undermine share market. The main index of Tehran Stock Exchange,…
In its latest appraisal of risk retention capacity of insurers, the Central Insurance company of Iran (CII) gave Iran Insurance Company (IIC) the top spot. According to a report seen on…
In a new report the Central Bank of Iran said the monetary base declined on the monthly scale in the calendar month to June 21. The monetary base stood at 6,403.7 trillion rials ($20.6 billion…
The government sold only 8.2 trillion rials ($26.4 million) in the ninth bond auction held by the Central Bank of Iran on Tuesday. This was the lowest sale of debt securities by the…
Tehran stocks closed on Tuesday slightly below the flatline amid steep decline in retail trade. The main gauge of Tehran Stock Exchange, TEDPIX, lost 939.22 points or 0.06% to end at 1,…
Iranian payment service providers are still the largest merchant acquirers in the Middle East and Africa, according to the latest issue of Nilson Report.
The Central Bank of Iran cut the “currency quota” for outbound travelers with a visa. Accordingly, authorized exchange bureaus are not allowed to sell more than €500 or equivalent in…
The Governor of Central Bank of Iran Ali Salehabadi says launching the rial-rubble exchange platform at the regulated forex market should help boost Russo-Iran trade. At a ceremony on…
The insurance industry has reported a big jump in medical insurance policies sold in the last calendar year that ended in March. Bimeh-Dari Novin, a local magazine specialized in…
Iran Currency Exchange, known as the regulated forex market, has started trading the Russian ruble from last Tuesday. The Russian currency is the third being traded in the regulated…
Export companies sold $13.5 billion in the secondary foreign exchange market, known locally as Nima, in four months since the beginning of current fiscal year in March. In a press…
The CEO of Bank Melli Iran, the biggest state-owned lender, said it has signed a deal with Russia’s government-controlled Sberbank. “I was in Moscow at the invitation of the CEI of Sberbank as…
Tehran stocks opened the week lower on Saturday amid lingering outflow of liquidity by retail investors. The main gauge of Tehran Stock Exchange, TEDPIX, lost 10,001.23 points or 0.67% to…
Bank Mellat topped the list of banks listed with the Tehran Stock Exchange in terms of outstanding loans and deposits, in the past fiscal year that ended in March.
