The state-owned Bank Sepah, with which five military banks merged recently, may face difficulty maintaining its balance sheet, CEO of the bank said.
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 Central Bank of Iran has instructed lenders to channel more resources into investment funds. The new directive is backed by an earlier decision by the High Council of Securities and…
The capital market has increased funding the economy both in the public and private sectors, in particular in the first three quarters of current fiscal year (March- Dec 2020).
The stock market showed some sign of recovery at the start of trading week on Saturday as share prices of majority of listed companies soared for the second day.
With estimated cryptomining capacity at $1.4 billion, Iran is among the top in the world, a senior Industries Ministry official said.
Insurance companies reported 18% decline in medical insurance premium in the first eight months of the current fiscal year (March-November). Figures released by the Central Insurance…
Owners of the so-called Justice Shares sold 8 billion shares worth 136 trillion rials ($600 million) since the ban on the trade was lifted last May.
The Majlis Joint Commission has decided to raise the ceiling for marriage loans to newlyweds in the next fiscal year that begins in March.
Commodities weighing 2.89 million tons worth 338 trillion rials ($1.5 billion) were traded at the Iran Mercantile Exchange in the last Iranian month (Dec.21-Jan.19). The deals grew 5% in…
After a recent pattern of decline, forex and gold prices in Tehran are rising again. The dollar, which plunged to as low as 210,000 rials last Monday, climbed to 232,000 rials on Thursday…
Extending a rally from the previous session, foreign exchange rates in Iran regained momentum on Wednesday. The dollar climbed more than 3.5% in Tehran's open market to close at 228,000 rials.…
The managing director of Securities and Exchange Organization Hassan Ghalibaf-Asl submitted his resignation to the economy minister. The resignation came days after steep declines in share…
South Korean banks wary of US sanctions are holding tight to billions of dollars in Iranian money, apparently unwilling or unable to budge before Joe Biden assumes office as the next president…
The Economy Minister Farhad Dejpasand placed responsibility for the deep downturn in the share market on other administrative bodies, namely the Industries Ministry and Central Bank of Iran.…
The dollar declined in the early hours of trade in Iran on Tuesday but later gained some ground against the rial. Trade commenced with the greenback as low as 210,000 rials in the first few…
Share prices in Tehran took a new drubbing Monday as the bruising sell-off continued extending the long streak of losses in five sessions in a row.
Data released by the Central Bank of Iran show total loans given by banks outpaced deposits in the month to October 21. Inclination of banks to lend is shown in the subtle, but steady, increase…
The Central Bank of Iran blamed European governments’ party to the landmark 2015 Iran nuclear deal for the failure of the EU trade mechanism known as the Instrument in Support of Trade Exchange…
Foreign currency prices continued to fall against the rial on Monday across Iran as panic selling took on new momentum.
Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages across the…
Rules for electronic wallets received the go-ahead from the Council for Islamic Jurisprudence in the Central Bank of Iran–aka the Fiqh Council. As per a press release posted on the CBI…
Following plans to streamline the underperforming tax regime, the Central Bank of Iran has announced new restrictions on the use of point-of-sale (POS) terminals. Up until last week 120,…
Forex and gold prices plunged in Tehran in the past three days amid optimism about a stronger rial in the coming weeks. The dollar plunged to five-month lows on Saturday fetching 229,000 rials…
Banks gave 73.93 trillion rials ($302 million) in loans to 2,722 small and medium-sized businesses plus to pending business projects with physical progress above 60% in the first three quarters…
President Hassan Rouhani has instructed the security apparatus to find and end illegal cryptocurrency mining following rare power outages across the country.
