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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July 12,2022The ratio of bank loans to deposits bucked a rising trend that lasted for six straight months, indicating caution of banks to lend. Loan-to-deposit ratio (LDR) of banks and credit institutions... -
July 12,2022Tax on stock and share trade reached 16.2 trillion rials ($52 million) in the first quarter (March 20-June 21) of the current fiscal year, posting 74% increase on Q1 of last year. Also known as...
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July 12,2022The Central Insurance company of Iran (CII), the industry’s regulator, has reduced the share of mandatory reinsurance both in life and non-life segments for the current fiscal year to help empower...
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July 12,2022The Central Bank of Iran’s monopoly over minting gold coins should be blamed for shortages in the bullion market, a vice president of the Tehran Gold and Jewelry Union said. “Due to monopoly over...
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July 11,2022The Governor of the Central Bank of Iran Ali Salehabadi said the central banks of Iran and Russia have agreed to expand banking and monetary relations. Heading a delegation, Salehabadi was...
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July 11,2022The government sold 32.5 trillion rials ($104 million) bonds at the seventh weekly auction held by Central Bank of Iran last week. Bond auctions are held to help plug the government’s budget...
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July 11,2022The monthly report by Iran's e-payment network, Shaparak Company, shows Saman Electronic Payment company (SEP) topped the list of payment service providers in terms of the volume of transactions in...
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July 11,2022Iran’s foreign debt was $8.14 billion on April 20, CBI data showed. This was $650 million or 7.3% lower from the corresponding period in the last fiscal year that ended in March. Medium and...
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July 06,2022Tehran stocks closed trading week Wednesday in negative territory amid continuous outflow of capital by retail investors. The main gauge of Tehran Stock Exchange, TEDPIX, lost 8,471.09 points or...
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July 06,2022Iran Power Generation, Transmission and Distribution Company, Tavanir, announced new severe measures to discourage unlicensed cryptomining. According to the company spokesman, Mostafa Rajabi...
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July 06,2022Municipalities in big cities sold 114.7 trillion rials ($370 million) ‘participatory bonds’ in the last fiscal year that ended in March. This was more than double on an annualized basis (106.8%)...
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July 06,2022The Central Bank of Iran is planning to help municipalities tap a new supply chain finance mechanism for urban development. Asghar Abolhassani, the CBI vice governor made the announcement at a “...
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July 05,2022The benchmark of Tehran Stock Exchange, TEDPIX gained 3,918.61 points or 0.26% on Tuesday to end trade at 1,511,075. The TSE’s equal-weighted index gained 0.08%, indicating the performance of...
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July 05,2022Growth in term deposits lagged behind sight deposits as more depositors park money for shorter periods in banks, recent data from the Central Bank of Iran show. Total sight deposits reached 8,671...
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July 05,2022The total number of credit cards, with at least one monthly transaction, increased 15% to June 20. The last monthly report published by Shaparak, the company in charge of supervising and...
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July 05,2022The Central Bank of Iran says annualized broad money growth has been of the declining order. Broad money stood at 49,434.7 trillion rials ($159.5 billion) -- down 37.3% to May 21. This was the...
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July 05,2022Economy Minister Ehsan Khandouzi said Sunday that the government has a positive but rules-based approach towards cryptocurrencies "Policymakers have gone overboard in pushing opposing views that...
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July 05,2022The rail pared more past losses on Monday and strengthened against major foreign currencies in Tehran’s unofficial market. A dollar traded at 314,500 rials in the middle of the day, shedding 1.5...
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July 05,2022Experts and financial authorities have apparently come to the conclusion that promoting futures contracts is a must to help improve the struggling capital market, the managing director of Iran Fara...
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July 05,2022The Central Bank of Iran has instructed commercial banks to expedite marriage and childbirth loans. As per a bylaw seen on the CBI website, lenders are also told to facilitate (ease) the lending...
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July 03,2022An estimated 3.701 billion retail transactions were processed by the domestic electronic payment network, known as Shaparak, in the third month of the calendar year to June 20. They were worth 7,...
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July 03,2022Total assets of Iranian banks was 107,065.4 trillion rials ($334.5 billion) at the end of the first calendar month of fiscal year to April 20. It was 46% higher y/y but down 3% on a monthly basis...
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July 03,2022The benchmark of Tehran Stock Exchange, TEDPIX, closed slightly above the flatline on Sunday amid mounting uncertainty and consecutive decline in retail trade. The market cap-weighted TEDPIX...
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July 03,2022Foreign currencies slipped in Tehran’s free market on Sunday impacting the bullion market. The dollar was down 2.3% after logging about 7% gain against the rial in three consecutive sessions to...
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July 03,2022The Central Bank of Iran says from mid-April it allocated $815 million for importing medicine. According to a press statement seen on bank's website, the money was paid as a part of an agreement...
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