The interbank interest rate declined for the second straight week after reaching the one-year high of 21.11% on Dec. 30. Stepping back from the recent highs, the interbank rate declined…
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.
A US appeals court put the federal government's prosecution of Turkish state-owned lender Halkbank for allegedly helping Iran evade American sanctions on hold while the bank appeals to the US…
Tehran’s currency market opened lower Saturday as fears of further decline sparkled a new bout of selling. After big losses in the recent past, the US dollar relatively stabilized last…
New data from the Central Bank of Iran show banks and credit institutions performed better in recovering non-performing loans in first half of current fiscal year ending Sep.22. The ratio…
Banks must concentrate on the credit rating of customers when studying loan requests, the Central Bank of Iran’s head of information department said. “Lenders are obliged to make thorough…
The Money and Credit Council, the top banking and monetary decision-making body, gave banks the go-ahead to issue bonds to meet their financial needs. According to a press release posted…
Head of the Majlis Economic Commission in a letter to President Ebrahim Raisi called for incorporating 10 support measures designed to revive the struggling bourse in the fiscal 2022-23 budget…
Informatics Services Corporation, affiliated to the Central Bank of Iran, has unveiled its digital check payment platform, called Checkad, as a vastly improved replacement for paper checks now…
Startups are focusing more on the capital market for funds using assorted financing instruments at the Iran Fara Bourse, the IFB deputy for financial institutions said. Most startups in…
Tehran’s share market was choppy on Tuesday as a bull-run in the early hours soon gave way to selloff that has plagued the bourse for months. The main index of Tehran Stock Exchange,…
The Central Bank of Iran and its subsidiary Informatics Services Corporation will launch a pilot for the central bank digital currency (CBDC) after the Nowruz (Iranian New Year) holidays in…
The main challenge the National Development Fund of Iran is facing is the difficulty of borrowers in reimbursing loans, the fund’s deputy for banking and credit affairs said.
The government sold 12.9 trillion rials ($46 million) bonds at the weekly auction on Tuesday held by the Central Bank of Iran. A bank was the sole buyer in the interbank market and like most…
The Central Bank of Iran and the Ministry of Industries, Mining and Trade have reached agreement to link the CBI crypto platform to the Comprehensive Trade System, which allows businesses make…
Despite government efforts to minimize the deficit in March 2022-23 budget, numbers seen in the fiscal budget show a deep gulf between income and expenditure. According to Hadi Qavami, a…
Leaving behind an unrelenting selloff session on Sunday, the pressure on Tehran’s stock market eased Monday as demand rose in the late hours of trade. The benchmark of Tehran Stock,…
Qeshm Free Trade Zone (QFTZ) is in talks with two groups of investors wanting to establish offshore banks, the caretaker of the zone said.
Selloff pressure mounted on Tehran’s share market on Sunday particularly impacting blue chips and commodity stocks spurred by the pattern of decline in currency prices. The main gauge of…
The government has taken some measures to help resolve the problem of the two main football clubs ineligibility for AFC Championship 2022, but key ownership issues of the clubs is not expected…
The rial added to recent gains on Sunday as major foreign currencies retreated. The dollar lost 3% at the Tehran’s open market or 9,000 rials to settle at 275,500 rials at the close of the…
The government’s plan to sell its shares in the Persian Gulf Petrochemical Industries Company (PGPIC) fell flat as buyers failed to provide robust guarantees, head of the Iranian Privatization…
As stocks stumble government income from taxes on share trade dropped sharply in the first three quarters (March 21-Dec 21) of the current fiscal year compared to the same period last year.…
Tehran stocks opened Saturday on a dull and uneventful session as key market indicators closed near the flatline. The main benchmark of Tehran Stock Exchange, TEDPIX, pared all gains in…
The World Bank will give $90 million to Iran to help it cope with the coronavirus pandemic, the head of the Organization for Investment, Economic and Technical Assistance of Iran said. …
