Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report. Lenders sold nonfinancial assets worth 130…
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 market cap-weighted index of Tehran Stock Exchange, TEDPIX, gained 10,096 points on Saturday to close session 0.62% higher. The TSE benchmark ended trade at 1,642,037 points, a level seen by…
After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday with the dollar gaining more than 5,000 rials in Tehran’s open market. The greenback…
Checks worth about 195 trillion rials ($866 million) bounced during the Iranian month to July 21 -- up 4.9% compared to a month before. An estimated 874,000 bad checks were returned by…
The government sold 23.2 trillion rials ($100 million) in Islamic bonds in the interbank and stock market in the weekly CBI auction. The auctions are held to raise funds for government…
The Central Bank of Iran outlined key measures to tame mounting inflation and guide it toward the ±22% target. In a press release on its website, the CBI linked the galloping inflation to…
The stock market regulator met with institutional buyers, main stockholders and market markers on Thursday to mull ways to prop up the market suffering from retail traders distrust and sell-offs…
Tehran stocks again saw shareholders rushing for the exits at the close of trading session on Wednesday as investors’ hope about the market returning to the good old days faded. The…
The government divested shares worth 272 trillion rials ($1.2 billion) in 16 state-owned companies in one year ending August 2019, the Iranian Privatization Organization said a report.…
The Central Bank of Iran in a bid to help facilitate micropayments on Tuesday unveiled a regulatory framework for fintechs dealing with electronic wallets. Banks and credit institutions are now…
Eghtesad Novin Bank, also known as EN Bank, put some of its nonfinancial assets on sale becoming the first private lender to tap the capital market for surrendering assets. The bank…
The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741 points. Sell-off hit most ticker symbols of large-cap shares…
The Central Insurance company of Iran, the regulatory body, has plans to require insurers to convert all insurance procedures into digital format by the end of the current fiscal year in March…
Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehran’s open market compared to prices quoted Thursday. The greenback…
A total of 9,080 homes were sold in Tehran during the fifth month of the current fiscal year (July -Aug. 21), registering a 35.4% decline compared with the preceding month and a 175.8% growth…
Tehran stocks opened trade on Monday on a strong note amid rising demand for blue chips before retreating as offers increased by jittery investors. The main index of Tehran Stock Exchange…
The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance. In a notice posted on…
The Economy Ministry has reported the performance of the domestic capital market in the year ending August 2020. It said the capital market had grown dramatically largely due to a package…
The Central Bank of Iran’s monetary and forex policy is resilient and has resisted the perpetual hostility and economic sanctions of the United States, the bank’s governor said.
Contrary to authorized payment companies, banks have welcomed Iran’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network…
The Central Bank of Iran in a statement said it will resort to legal action to counter efforts to seize its assets at Deutsche Boerse’s Clearstream unit.
Tehran stocks pared more losses on Wednesday as demand for shares increased and investors began to line up in the buy spot. The main gauge of Tehran Stock Exchange, TEDPIX, climbed…
Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran'…
Mineral companies affiliated to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) joined hands Wednesday to set up a fund for supporting listed mineral…
The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a…
