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.
July 21, 2023 18:51
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June 18,2019The main index of Tehran Stock Exchange TEDPIX lost 1,000 points or 0.43% on Tuesday to end trading day at 237,148 points. -
June 18,2019The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
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June 17,2019Iran's plans to join the UN Convention on Transnational Crime were reviewed by the joint commission of Iran's Expediency Council on Sunday. The commission invited the Central Bank of Iran, Economy...
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June 17,2019Iran’s capital market is ready to establish a committee with Islamic countries to design joint financial Islamic instruments, head of the Securities Exchange Organization told the 11th...
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June 17,2019The Majlis Research Center holds the view that the government can significantly boost its foreign currency earnings by rewriting the Central Bank of Iran’s controversial policy on repatriating...
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June 16,2019The company overseeing the soon-to-be launched regulated foreign exchange market cut the membership fees for exchange bureaus from the previously announced 1 billion rials ($7,700) to 250 million...
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June 16,2019The British government is locked in crunch talks in an effort to avoid a lengthy high court battle by settling a £1.25 billion legal claim by Iran’s Bank Mellat.
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June 15,2019The ratio of e-payments to cash payments rose from 59.1% in the first half of the previous fiscal (to Sept. 2018) to 62% by the yearend on March 20, IBENA reported citing Central Bank of Iran data...
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June 16,2019The main gauge of Tehran Stock Exchange gained more than 4,000 points as the demand for commodity stocks rose on Sunday. The market, which was dominated by auto and bank stocks in recent days,...
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June 15,2019Deposits in Iranian banks and credit institutions totaled 20,223 trillion rials ($155 billion) during the eleven-months to Feb 19, up 32% compared to the same period a year ago. The deposits...
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June 15,2019Data released by Shaparak payment and settlement network show that during the last Iranian month to May 21, it processed 2.14 billion retail transactions worth 2,759 trillion rials ($20.2 billion...
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June 14,2019The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments. The US dollar rose 4% in the open market and was sold for 136,...
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June 14,2019The dearth of supply is one of the reasons behind skyrocketing home prices in Iran, says Hossein Afshin, an official with Majlis Research Center. “The supply of homes has decreased by 50% over...
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June 14,2019Ambassadors from France, Germany and the UK to Iran released a joint statement on Friday underscoring the commitments of their governments to launch the first transaction soon with Iran using the...
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June 14,2019The company overseeing the soon-to-be-launched regulated forex market held a meeting Wednesday to brief exchange bureaus on the role, functions and responsibilities of the new market. The meeting...
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June 12,2019Banks have plans to divest 400 trillion rials ($3 billion) of their surplus property before the current fiscal is out in March 2020, said the deputy economy minister for banking, insurance and...
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June 12,2019The Central Insurance company of Iran announced the risk retention and reinsurance capacity for insurance companies. According to data published by the CII website, the main state-owned Iran...
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June 12,2019The Tehran Stock Exchange closed trading day in positive territory amid rising demand for bank and auto stocks. After a two-day lukewarm performance, the main TSE index soared on Wednesday to...
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June 11,2019Iran’s ambassador to London, Hamid Baeidinejad, said US threats to sanction Iran’s reciprocal trade entity to Europe’s Instrument in Support of Trade Exchange could put an end to INSTEX, and by...
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June 11,2019The Majlis Research Center has proposed a roadmap to help wean the economy away from oil revenues by making better use of the nation’s abilities and potential for raising income and reducing...
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June 10,2019An official with Iranian National Tax Administration says those who have not sold the pre-purchased gold coins or used it for reimbursing their marriage portion liabilities will be exempt from the...
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June 10,2019More than 1,300 point of sale terminals operating outside Iran have been blocked after the Central Bank of Iran enforced its decision to ban all such systems in foreign countries. In February the...
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June 10,2019The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the regulated foreign exchange market scheduled to be launched in the near future. In an...
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June 10,2019First Vice President Es'haq Jahangiri has given a nod to a proposal by the Iran Chamber of Commerce, Industries, Mines and Agriculture to ease rules demanding the Certificate of Origin for imported...
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June 09,2019Currency rates are declining and have hit the lowest level Sunday compared to the past three months following mixed economic and political developments in and outside Iran. The rial clawed back...
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