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.
July 21, 2023 18:51
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January 19,2022Loans by banks and credit institutions increased 59.5% in the first nine months of current fiscal year (March 21-Dec. 21). Banks lent 20,195 trillion rials ($74 billion) to various economic... -
January 18,2022The Money and Credit Council has approved a proposal by the Central Bank of Iran for minting a digital rial as a central bank digital currency (CBDC), CBI deputy governor for innovation...
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January 19,2022Tehran’s share market faced a bruising selloff on Tuesday as a wave of panic selling dragged down prices in majority of the tickers. Under unrelenting sell-side pressure, the benchmark of Tehran...
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January 18,2022The Central Bank of Iran’s plan to launch a supply chain finance (SCF) mechanism is expected to help improve the allocation of funds across economic sectors, the bank’s SCF Department said. Hamid...
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January 17,2022Iran’s capital market should genuinely consider use of blockchain technology as it can help address some major needs and at the same time create new vistas for reviving the share market, said...
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January 17,2022After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market. The US dollar closed at 274,800 rials in Tehran’s unofficial market...
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January 17,2022President Ebrahim Raisi in a meeting with CEOs of banks underscored the pressing need for change in managing the banking system that has come under systemic criticism for long periods. “A...
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January 17,2022Tehran stocks closed Monday in negative territory paring gains made in the early hours of trade. The benchmark of Tehran Stock Exchange, TEDPIX lost 4,273.22 points or 0.33% for the day to end at...
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January 17,2022Tehran stock prices plunged again on Sunday extending a losing streak that started in the middle of the last trading week. The main index of Tehran Stock Exchange, TEDPIX lost 11,692 points or 0....
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January 16,2022The Governor of Central Bank of Iran Ali Salehabadi says the economy is in recovery mode as major indicators such as export revenue, forex rates and inflation are improving. Salehabadi told state...
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January 17,2022Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said it is the private sector that bears the brunt of higher taxes forecast in the government budgets. Addressing...
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January 16,2022As per rules banks must earmark 20% of their loans to the housing sector; however "they show little if any interest in doing so despite the 18% return," a board member of the Iranian Builders'...
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January 16,2022Iranian banks have formed a consortium to fund domestic oil and gas projects estimated at $4 billion, the Economy Minister Ehsan Khandouzi said. "The consortium will finance energy development...
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January 16,2022A 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...
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January 16,2022After three lukewarm sessions, Tehran stocks opened on Saturday under mounting selloff pressure. The benchmark of Tehran Stock Exchange, TEDPIX, lost 11,633.46 points or 0.87% to retreat to 1,322...
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January 16,2022The 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 to 20.5...
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January 16,2022Tehran’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 week...
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January 15,2022New 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 of NPLs...
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January 15,2022The 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 on the...
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January 15,2022Banks 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...
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January 13,2022Informatics 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 in...
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January 13,2022Startups 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 Iran are...
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January 13,2022The United States has authorized the South Korean government to send overdue compensation to Iran's Dayyani Group under a 2018 investor-state dispute settlement (ISDS), Seoul's foreign ministry...
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January 13,2022Tehran stocks closed the trading week Wednesday near the flatline for the second day in a row as investors remain hesitant amid uncertainty. The benchmark of Tehran Stock Exchange, TEDPIX, lost...
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January 13,2022Head 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. “...
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