The Ministry of Economy announced a timeframe to launch the first phase of a divestiture scheme based on which government will sell its stakes in state-affiliated companies. The plan calls for…
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>
A total of 1,243 homes were sold in Tehran during the first month of the current fiscal year (March 20-April 19) to register an 87.8% decline compared to the month before. In the month…
Foreign currency rates jumped 58.5% in the last calendar month to April 19 in the secondary forex market, known as Nima, compared to the same month last year.
The Central Bank of Iran has required banks and credit institutions to increase their loan to deposit ratio in each province to at least 50%. The new measure aims to help create a balance…
The process of merging five military banks and credit institutions with state-owned Bank Sepah will be complete in the current calendar month to May 20, CEO of Sepah said. The megamerger…
Security of investment and business in Iran was slightly lower last autumn (Sep. 22-Dec.21, 2019) compared to the summer season, according to a seasonal study by the Majlis Research Center, the…
The Central Bank of Iran said the government's 10-million-rial ($62) was paid to nearly 17 million heads of households in need by Tuesday -- part of a scheme to help low-income families partly…
Tehran stocks stretched two-week gains at the close of trading week on Wednesday amid rising trade by retail investors and a renewed rush for micro-cap stocks. The market-cap weighted…
Major currencies gained against the rial Wednesday with the USD heading upward after breaking past 160,000 rials. It was traded as high as 162,400 rials at Tehran’s open market up 2,400 rials…
Mehr Iran Qarzol-Hasanah Bank (QMB) paid 2.3 million interest free loans to applicants during the last fiscal year (ended in March) -- accounting for 35% of all loans granted during the 12 years…
New transactions using the European Union’s financial settlement mechanism INSTEX (Instrument in Support of Trade Exchanges) will take place soon, German Foreign Minister Heiko Maas told a press…
Amid the outbreak of the novel coronavirus, the Purchasing Manager's Index for Iran's housing sector fell to the lowest level in the month ending March 19 since the index was first calculated…
While global stocks got a rare drubbing from the US crude oil price crisis, stocks in Tehran stuck to their strong forward march again on Tuesday to extend a bullish trend dominating the market…
Industrial Bank of Korea, one of South Korea’s largest banks, will pay $86 million to settle US and New York state criminal and civil charges it allowed an illegal transfer of more than $1…
The governor of the Central Bank of Iran on Monday urged lenders to tap into the stock market to divest shares and get rid of their non-financial assets. In a directive to CEO of banks…
Directors of banks and credit institutions decided Sunday to set a 15% cap on long-term deposits, a decision compatible with the CBI ceiling. However, lenders were apparently given leeway to…
Iran’s central bank governor has again called on the International Monetary Fund to resist US pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion)…
Most Iranian insurance companies have managed to meet the government's requirements regarding minimum capital to be able to operate.
Iran will receive $50 million from the World Bank to help the health sector cope with the coronavirus pandemic, a deputy health minister said. This is the first time since 2005 that Iran…
After solid gains a session earlier, Tehran stocks staged another rally on Sunday and climbed 3.18% to extend a nine-day winning streak. Adding 21,242.42 points, the main gauge of Tehran…
Iran’s gold market will reopen on Monday following a month-long hiatus due to restrictions ordered by the government on almost all businesses to impede spread of the coronavirus. …
Stocks swept almost all the stocks at Tehran Stock Exchange and the junior equity market aka Iran Fara Bourse on Saturday. The market-cap weighted TSE benchmark, TEDPIX, climbed 3.58% and…
Foreign currency rates declined in Tehran’s open market on Saturday for the third consecutive day with the downturn extended to the gold market. The US dollar was traded 156,000 rials,…
Despite the growing traction of investment in stocks, banks seemed to be the most attractive option for Iranians in the last fiscal year (March 2019-20), according to a poll by Iran Student…
The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation,…
