The Governor of the Central Bank of Iran Ali Salehabadi said the CBI will soon issue forex-backed bonds to fund development projects. CBI officials have recently spoken about plans 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 Majlis Research Center, the research wing of the parliament, has assessed the impact of the government ban on cryptomining and closure of unauthorized mining centers, saying that the policy…
The loan-to-deposit ratio (LDR) of banks and credit institutions increased for five consecutive months, indicating the penchant for higher lending. LDR was 83.2% by end of the last fiscal year…
Investment funds in the domestic capital market held assets worth 6,078 trillion rials ($19.6 billion) by end of the first Iranian calendar month to April 20. The assets were managed by…
The High Council of Economic Coordination gave the Central Bank of Iran additional authority to restore calm to the chaotic currency market. The council is the ad hoc decision-making body…
More than 41,000 automated teller machines across the country are now connected to the Central Bank of Iran's Sayyad system that allows account holders to register checks and assess the…
During a choppy trade on Wednesday, the benchmark of Tehran Stock Exchange, TEDPIX, pared early hour gains and ended slightly below the flatline. The market cap-weighted TEDPIX lost 731…
The National Development Fund of Iran has received the go-ahead to broaden its investment scope, the sovereign wealth fund’s board of directors announced. In a meeting attended by President…
After a one-day hiatus, foreign exchange rates soared on Wednesday at Tehran’s free market, which also pushed up prices in the bullion market. The US dollar advanced to as high as 317,…
The government generated 30.1 trillion rials ($97 million) in the second round of weekly bond auction held by the Central Bank of Iran on Tuesday. The auctions are held by CBI on behalf…
The government on Tuesday submitted a bill to parliament regarding Iran's contribution to the sixth round of Islamic Development Bank's (IDB) capital increase.
Logging daily gains since last week the US dollar crossed the critical 310,000-rial level on Monday in the open market and closed at 311,000 rials, rising more than 3%. America’s currency…
The 29th Monetary and Banking Conference in Tehran ended Tuesday after debating the trends in inflation and adopting strategies to curb it.
Bucking a two-day losing trend, the benchmark of Tehran Stock Exchange, TEDPIX, ended trade Monday in positive territory. The market cap-weighted TEDPIX gained 3,322 points or 0.22% to…
The Central Bank of Iran plans to launch its digital currency project, known as the crypto-rial by the end of the summer. Governor Ali Salehabadi made the announcement at the opening ceremony…
Despite the Reserve Bank of India (RBI) allowing use of third-party currency for doing business with Iran, Indian tea exporters are facing difficulties as Tehran is unable to make direct payment…
Data released by the Central Bank of Iran show broad money registered a slight monthly decline in the first month of current fiscal year ending April 20.
The Central Insurance company of Iran (CII) published a report on the industry's performance saying the number of branches and insurance agents increased in the last fiscal year that ended in…
Tehran Municipality is buying material and equipment for its urban expansion projects from the Iran Mercantile Exchange, a deputy mayor said Sunday.
The Central Bank of Iran Sunday issued new instructions obliging banks to monitor the transactions of customers based on their “level of activity”. The instructions, seen on the CBI…
Tehran’s share market opened the week Saturday again in negative territory with retail investors rushing for the exits. The main gauge of Tehran Stock Exchange, TEDPIX, lost 11,085 points…
Cryptomining centers' access to the national power grid will be cut during the summer season as electricity consumption peaks.
Trade in the Iran Energy Exchange (IRENEX) reached 1,480 trillion rials ($4.9 billion) in the last fiscal year that ended on March 20. According to Ali Naqavi, managing director of IRENEX, this…
The extended and failed debate over repaying foreign currency loans taken earlier from the National Development Fund of Iran (NDFI) has entered a new phase as the Iran Chamber of Commerce,…
Tehran’s share market again saw nervous investors trying to sell and exit the market in the last trading week that ended on Wednesday. Net capital outflow by retail investors reached 22.…
