Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against f their operations…
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.
Foreign exchange rates continued to rise Tuesday in Tehran’s open market extending an ascending order that started on Saturday. The dollar was choppy reaching above 286,000 rials early in the…
An estimated 8.9 million tons of goods worth over 629 trillion rials ($2.2 billion) were sold in the spot market of the Iran Mercantile Exchange in the calendar to Nov. 21. This was 18%…
Iran's Social Security Organization covered 37.05 million people in the first quarter of the current Iranian year that started in March, posting 3.1% growth on the same period last year. The…
After a short-lived rally in the earlier session, sell-side pressure loomed large in Tehran’s share market on Tuesday reflecting investor nervousness in the highly volatile market. The…
The government is trying to curb the harmful inflationary impact of the increasing money supply, head of the Plan and Budget Organization said. “The aim is to bring down inflation to…
Insurance companies in Iran paid 13.63 trillion rials ($48.3 million) in Covid-related medical bills since the outbreak of the deadly virus in February 2020. Gholamreza Soleimani, head of the…
The Economy Ministry paid the principal amount and interest on bonds worth 582 trillion rials ($2.07 billion) up until Nov 20.
More than 405.7 trillion rials ($1.4b) was the principal…
Head of the Plan and Budget Organization said the government’s income from selling debt has been used mainly to reimburse bonds sold in the past. In a note posted on Twitter, Masoud Mirkazemi…
The Economy Ministry has prepared an inventory of 2,500 properties owned by different government organizations that have no legal constraints vis-à-vis divestments. The properties…
The Central Bank of Iran has given details about its recently-announced instant payment system seen as a major development in the country's banking and payment network. According to Davoud…
Loans by banks and credit institutions reached 14,828.9 trillion rials ($52.9 billion) in the first seven months of current fiscal year (March 21-Oct 22). Lending increased 5,474.2 trillion…
The Central Bank of Iran has announced tougher restrictions on underperforming banks as part of measures to “control money issuance” by banks. It increased reserve requirements of five banks by…
Iran Insurance Company, the sole state-owned company, still generates the most premium income, despite efforts to increase and expand private firms. Data published by the Central Insurance…
The government plans to swap 890 trillion rials ($3.1 billion) of its unpaid debt to the Social Security Organization with shares, the SSO caretaker said. In a talk with Fars News Agency,…
Iranian payment service provider companies have been ranked among the world’s top 150 in 2020, according to a report by the Nilson Report magazine, a journal specializing in payment industry…
The government’s revenue from selling state-owned assets was almost zero in the first half (March 21-Sept.22) of the fiscal year, a report by the Supreme Audit Court (SAC) shows. It has been…
Tehran’s share market was mostly bearish in the last Iranian week as panic selling continued amid the ubiquitous investor uncertainty. The benchmark of Tehran Stock Exchange, TEDPIX, shed 45,…
The Economy Minister Ehsan Khandouzi unveiled a plan of action Wednesday to control galloping inflation and boost economic growth. The much awaited roadmap was discussed at a meeting of the…
After a 2-month hiatus, the government’s weekly bond auction resumed Tuesday and was well-received by institutional buyers. The government offered 100 trillion rials ($357 million) in debt of…
Two life insurance companies recorded the highest growth in premium income in the first seven months of the current fiscal year that started in March.
The main benchmark of Tehran Stock Exchange closed trading week on Wednesday slightly above the flatline as most large caps stumbled. TEDPIX pared most of the gains made in the early hours to…
The head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM,) Masoud Khansari, said the government policy of subsidizing foreign currency is partly responsible for the…
The Central Bank of Iran is to launch an instant payment platform in late December, a deputy governor of the bank said.
The Central Bank of Iran issued new gaudiness to further limit banking services to and transactions by minors and the legally incapacitated. Banks are banned from “granting any type of payment…
