Private banks have a minimal role in confiscating real estate of business owners who defaulted on their loans.
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.
Iran’s foreign debt was $8.83 billion by end of the third quarter of the current fiscal year ending Dec. 21. According to Central Bank of Iran data, the foreign debt was $518 million or 5…
Central Bank of Iran data show that term deposits are growing over sight deposits, yet another indication that people keeping their money in banks for longer periods.
Foreign exchange rates plunged and the rial strengthened on Saturday amid new reports about progress in negotiations to revive the Iran nuclear deal. The dollar lost more than 3.6%…
Almost 5,144 centers involved in illegal cryptomining were shut since last year. Fars News Agency said the collective power consumption of the banned centers was close to 607 megawatts, whereas…
Head of the Trade Promotion Organization said it wants to use resources designated to bolster export by the National Development Fund of Iran, the sovereign wealth fund, to issue supplier credit…
After losses for four consecutive weeks, Tehran stocks showed signs of recovery in the last trading week that ended on Wednesday purred by new government pledges to bolster the bourse. …
The government is planning to give subsidies via credit cards from the beginning of the next Iranian year in March to replace forex subsidies, a deputy minister of economy said.
Seoul and Tehran are reportedly mulling holding the first working-level meeting this month to resolve issues regarding Iran's assets frozen in South Korean banks due to the 2018 US economic…
Investors showed no inclination Tuesday to buy government bonds for the third straight week during the weekly auction held by the Central Bank of Iran. No bank or credit institution took…
The government officially adjusted downward the initial revenue projection from feedstock prices sold to industries in the 2022-23 fiscal budget.
Foreign exchange rates fell again on Wednesday in Tehran amid optimism among traders over the outcome of the ongoing talks between Iran and world powers in Vienna to restore the landmark 2015…
Tehran stocks paused at the end of trading week on Wednesday after a weeklong rally as investors focused on saving gains. The main index of Tehran Stock Exchange, TEDPIX, failed to advance…
An official at the Economy Ministry said the new collateral-free lending program is not all-inclusive. Abbas Hosseini, the ministry’s deputy for banking, insurance and state-run companies, said…
Share prices in Tehran extended a winning streak into the fifth session on Tuesday pushing up the main index of Tehran Stock Exchange, TEDPIX, above the psychological 1.3 million points. …
Iran's nationwide payment settlement network, known as Shaparak, said it processed almost 3.09 billion transactions worth 6,267.4 trillion rials ($22.09 billion) in the calendar month to Jan. 21…
The Securities and Exchange Organization has allowed market making funds to issue various types of option contracts.
The Majlis Joint Commission on Tuesday made major budget decisions related to banking and the capital market. The commission is a key group responsible for reviewing the March 2022-23 budget.
Tehran stocks closed on Monday in positive territory continuing a bull run that has dominated the share market for four straight sessions. The market cap-weighted benchmark of Tehran Stock…
Trade at the wholesale forex market, known as the regulated market, has declined sharply due mainly to restrictive currency trade policies.
The new orders given to state banks to give microloans to salaried employees without demanding collateral will add to the myriad of problems of the lenders, a banking expert said. Bahaedin…
The Iran Privatization Organization said shares of Tehran's two main football clubs, Esteghlal and Persepolis, will be offered in the stock market by late February.
Tehran stocks extended the winning streak into the third session on Sunday amid noticeable increase in retail investors in share trade. The main index of Tehran Stock Exchange, TEDPIX…
The Economy Ministry is apparently determined to compel banks to accept collateral-free microloan requests as it has set a deadline for state-owned lenders to submit a report to this effect.…
Loan to deposit ratio of banks stood at 81.4% by end of the Iranian calendar month ending Oct. 22, indicating a 1.6% annual rise. According to the Central Bank of Iran data, the ratio was up 1.…
