Local banks saw a significant rise in the volume of bounced checks during the last calendar month ending July 22, according to the latest reports published on the Central Bank of Iran website.…
Business And Markets
<p>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.</p>
The main index of Tehran Stock Exchange TEDPIX rose more than 2.4% during the trading week to Wednesday. A total of 13.8 billion securities valued at 41 trillion rials ($350.4 million)…
In a report on the misuse of the National Development Fund of Iran, the Majlis Research Center says a large part of the sovereign wealth fund has been used in sectors outside the purview of the…
The head of Iran Blockchain Community says imposing high tariffs on electricity consumption by cryptocurrency mining is actually pushing miners out of Iran and into neighboring countries waiting…
Drawing on earlier gains on Tuesday, Tehran stocks soared Wednesday as investor sentiment got a boost by upbeat trends in global commodity markets. The main gauge of Tehran Stock Exchange…
In a directive to administrative bodies on Wednesday, the Plan and Budget Organization outlined procedures for implementing a multilateral bartering scheme involving the government, private…
The Statistical Center of Iran has published its latest figures on the number of building permits issued in the country.
The main gauge of Tehran Stock Exchange climbed 1,221 points or 0.48% on Tuesday to enter the 257,000-point channel for the first time in its history. The bourse was dominated by trade in…
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture says lopping off zeros from the national currency will not produce the desired results unless the initiative is intertwined…
Traditionally influenced by domestic currency rates, Iran’s gold market has moved away and taken a different route since the past week amid soaring prices in global markets. Despite the…
On government behalf the Economy Ministry will offer standard parallel salaf securities for crude oil worth 50 trillion rials ($427 million) today (Tuesday). The Iran Energy Exchange will host…
The main Tehran Stock Exchange index has grown more than 78,000 points since the beginning of the fiscal year (March 21) to August 11. According to Tejarat News website, the figure…
The Central Securities Depository of Iran in its new report said the value of exchange-traded funds reached 146.09 trillion rials ($1.23 billion) by the end of the calendar month to July 22.…
Light crude oil will be offered Tuesday in the international ring of Iran Energy Exchange, according to a notice on the IRENEX website. Two million barrels of oil belonging to the…
A new generation of mobile payment network will be unveiled soon, said an official with the local payment settlement network regulator, Shaparak. The new system does not require…
Governor of the Central Bank of Iran says the government is opposed to the repatriation of export earnings in rial as it would weaken the economy. “It does not make sense to repatriate earnings…
At the end of Iran’s stock market trading week on Wednesday, the main index of Tehran Stock Exchange, TEDPIX rose 0.28% compared with the reported figure for a week earlier. The TSE benchmark…
The cost of money has declined up to 1.5% following a government decision to scrap the overnight interest rate policy on deposits in January, head of the Association of Private Banks and Credit…
European efforts to launch a payments channel to facilitate trade with Iran suffered a fresh setback on Thursday when the German former diplomat who was set to take over as the new chief of…
Bank Maskan, the state-run agent bank of the housing sector, granted more than 60,000 loans worth 27,540 billion rials ($230.46 million) in the last Iranian month (June 22-July 22), indicating…
Trade in the stock market is free of capital gains tax, said the head of Securities and Exchange Organization. Shapour Mohammadi said the Economy Ministry agreed to a proposal by the…
The taxman is looking at bank accounts with high turnovers to detect cases susceptible to tax evasion, said an official with the Iranian National Tax Administration. “The Central Bank of…
Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes.
The initial public offering of four companies is in the offing in the Iran Fara Bourse, the junior stock market, said the IFB deputy for market affaiars.
The government says it recognizes mining of cryptocurrencies as an industrial undertaking and sent a directive to the relevant government bodies at the weekend. Rules primarily…
