The interbank rate stood near 20% for months before making a steady but subtle rise above 21% on Saturday. It hit 21.14% to reach the highest in the past year and a half, according to…
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 Economy Ministry says it reimbursed 496.31 trillion rials ($1.6 billion) bonds (principal and interest) since the beginning of current fiscal year until July 11. Of this 370 trillion…
Struggling with recession and liquidity crunch, Tehran’s share market registered four straight weekly losses last week. The bearish trend was spurred by huge sell-off in small-sized…
The Central Insurance company of Iran, the industry’s regulator, has required insurers to get approval before selling insurance policies worth higher than the set caps in several categories.
Iran Energy Exchange is collaborating with the National Iranian Oil Company on plans to launch commodity-linked certificate of deposits backed by oil and energy carriers. Ali Naqavi, the…
Government borrowing from the Central Bank of Iran in the form of discretionary funding has declined sharply, the Economy Ministry said. Based on ministry data, the government took 16.3…
Tehran stocks recovered Wednesday from a declining trend that lasted for five sessions. The benchmark of Tehran Stock Exchange, TEDPIX, gained 6,517 points or 0.44% to end trade at 1,490,…
More than 80% of the bonds offered by the government was bought by underwriting financial institutions in the last weekly auction. In the absence of banks, underwriters bought 22 trillion…
The High Council of Securities and Exchange has decided to resume selling cars via the Iran Mercantile Exchange after the Industries Ministry suspended it last month. According to Mohsen…
Tehran stocks closed Tuesday lower again amid mounting sell-side pressure on small caps and retail investors rushing to the exits.
The Securities and Exchange Organization (SEO) is diversifying methods of fund municipalities, the SEO chief said. “Up until now, municipalities were funded largely by issuing participatory…
Bank Melli Iran is planning to use ‘LendTech’ to ease the processing of microloans, an official with the bank said. The measure is in accord with the Economy Ministry's recent notifications to…
The High Council of Securities and Exchange has given the go-ahead to banks to issue certificate of deposits that can be publically traded in the equities market. The Governor of Central…
Tax on stock and share trade reached 16.2 trillion rials ($52 million) in the first quarter (March 20-June 21) of the current fiscal year, posting 74% increase on Q1 of last year. Also…
The benchmark of Tehran Stock Exchange, TEDPIX, plunged deep below the critical 1.5 million points on Monday. The market-cap weighted TEDPIX lost 10,915.17 points or 0.73% to retreat…
The Central Insurance company of Iran (CII), the industry’s regulator, has reduced the share of mandatory reinsurance both in life and non-life segments for the current fiscal year to help…
The ratio of bank loans to deposits bucked a rising trend that lasted for six straight months, indicating caution of banks to lend. Loan-to-deposit ratio (LDR) of banks and credit…
The Central Bank of Iran’s monopoly over minting gold coins should be blamed for shortages in the bullion market, a vice president of the Tehran Gold and Jewelry Union said.
The monthly report by Iran's e-payment network, Shaparak Company, shows Saman Electronic Payment company (SEP) topped the list of payment service providers in terms of the volume of transactions…
The Governor of the Central Bank of Iran Ali Salehabadi said the central banks of Iran and Russia have agreed to expand banking and monetary relations. Heading a delegation, Salehabadi…
Iran’s foreign debt was $8.14 billion on April 20, CBI data showed. This was $650 million or 7.3% lower from the corresponding period in the last fiscal year that ended in March.
The government sold 32.5 trillion rials ($104 million) bonds at the seventh weekly auction held by Central Bank of Iran last week.
Municipalities in big cities sold 114.7 trillion rials ($370 million) ‘participatory bonds’ in the last fiscal year that ended in March. This was more than double on an annualized basis (106.8…
Tehran stocks closed trading week Wednesday in negative territory amid continuous outflow of capital by retail investors. The main gauge of Tehran Stock Exchange, TEDPIX, lost 8,471.09…
The Central Bank of Iran is planning to help municipalities tap a new supply chain finance mechanism for urban development. Asghar Abolhassani, the CBI vice governor made the announcement…
