Iran’s sovereign wealth fund, known as the National Development Fund of Iran (NDFI), is worth more than $147 billion, a deputy head of the fund said. Since inception in 2011 the fund “$122…
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 governor of the Central Bank of Iran Mohammad Reza Farzin held talks in Qatar on Thursday in the framework of plans to promote banking ties with the Persian Gulf Arab states.
Banks' Coordination Council and the Association of Private Banks and Credit Institutions issued a joint statement on Thursday stating that they will abide by the Central Bank of Iran's rules on…
Banks were the only buyers of government bonds in the last weekly auction held on Wednesday. Auctions are held by the Central Bank of Iran on behalf of the Economy Ministry to raise funds for…
The National Development Fund of Iran bought 20 trillion rials ($49.8 million) in shares since the beginning of the current fiscal year last March, head of NDFI Domestic Investment Affairs said…
The Central Bank of Iran on Wednesday warned banks and credit institutions to uphold the newly-set interest rates on deposits or face prosecution. In a notice seen on the CBI website, the…
Tehran Stock Exchange's main index, TEDPIX, lost 12,239.10 points or 0.77% on Wednesday to end at 1,579,114.59. The TSE equal-weighted index lost 0.47%. About 14.6 billion shares worth 80.96…
An estimated 3.76 billion retail transactions were processed by the domestic electronic payment network Shaparak in the ninth month of the calendar year to December 22. Overall business via the…
The parliamentary board responsible for monitoring government approvals’ compatibility with the law has rejected a decision by the government requiring the Central Insurance company of Iran (CII…
The High Board of Divestures has approved block sale of 51% controlling shares in Tehran's two main football clubs, Esteghlal and Persepolis. According to a press release from the Iran…
The main index of Tehran Stock Exchange, TEDPIX, lost 1,931.06 points or 0.12% on Tuesday to end at 1,591,353.87. The TSE equal-weighted index gained 0.48%. About 17.18 billion shares worth 94.…
Some 50,000 transactions suspected of money laundering were detected in the banking network in the past one and a half years, a deputy economy minister said. “During the period 1,000 cases were…
Some state banks have started offering higher interest rates on deposits even though the Central Bank of Iran has not yet approved the increase, media reports in Tehran said Monday. A report by…
After recent setbacks, the Tehran Stock Exchange's main index, TEDPIX, gained 28,918.87 points or 1.85% on Monday to end at 1,593,284.96. The TSE equal-weighted index gained 1.89%. About 12.1…
Nilson Report, a credible source of news and analysis of the global card and mobile payment industries, has ranked seven Iranian payment service providers among the World Leading Merchant…
The Central Insurance company of Iran (CII) has published a report on the risk retention capacity of domestic insurers adding three new companies to the list. According to the CII website, the…
The Central Bank of Iran said Sunday electronic checks can be processed electronically without referring to bank branches. Mehran Mahramian, the CBI deputy for innovative technologies said banks…
Tehran Stock Exchange's main index, TEDPIX, slumped by another 26,130.25 points or 1.64% on Sunday to end at 1,564,365.67. The TSE equal-weighted index lost 2.43%. About 13.37 billion shares…
Higher interest rates on deposits will help curb inflation under the right conditions, economic commentator Hossein Mahmoudi Asl said. “Inflation can come down [only] if the new interest rates…
At current forex rates, Iran’s capital market is worth an estimated $140 billion. This market can and will be profitable for investors if they have a long-term vision, says the CEO of Khat…
The government’s bond offer held by the Central Bank of Iran on Wednesday got a cold shoulder, again. Auctions are held weekly by the CBI on behalf of the Economy Ministry to raise funds for…
Tehran Stock Exchange's main index, TEDPIX, lost 56,819.18 points or 3.45% on Saturday to end at 1,590,495.45. The TSE equal-weighted index followed suit plunging 2.43%. The huge losses come on…
Of the 39 industrial groups active in Iran’s capital market, 28 reported profit in the month ending November 21. The subgroup of housing construction, with 8.7 trillion rials ($19.9 million) in…
Bourse experts say selling cars via the Iran Mercantile Exchange has been a success. Since the beginning of the fiscal year in March, auto offers at the IME has increased rapidly and upheld the…
Tehran Stock Exchange's main index, TEDPIX, gained 70,917.38 points or 4.5% on Wednesday to end at 1,647,314.51, the highest since September 2020, the TSE website reported.
