Business And Markets

Iran's minister of industries, mining and trade announced new concessions to exporters and promised closer cooperation to help resolve pending issues outlined in the long list of demand of…

The Majlis Research Center has a positive opinion about the government decision to launch the Open Market Operation enshrined in the next fiscal that starts in March, calling the move “a…

With lawmakers insisting on their own version of anti-terror finance (known as CFT) bill, the legislation on Sunday was sent to the arbitration Expediency Council for a final decision.

Tehran's main stock market closed higher on Saturday buoyed by rising oil prices and renewed appeal toward auto and bank shares. The rise in refinery and petrochemical stocks helped the main…

In an analytical report on the performance of sectors enshrined in the framework of the Sixth Five-Year Economic Development Plan, the Plan and Budget Organization has looked at the performance…

A meeting of the Expediency Council on joining the UN Convention on Transnational Crime (Palermo bill) ended without conclusion on Saturday, leaving the fate of the controversial bill unknown…

Central Bank of Iran has introduced a mechanism since November that allows payments among administrative bodies to be transferred electronically instead of checks.  

The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they acquired…

As the Central Bank of Iran struggles to stabilize the foreign exchange market – a colossal task that has long exacted energy and focus of the regulator – some argue that the CBI’s…

The Security and Exchange Organization is working on a RFP (request for proposal)  to launch a new comprehensive and intelligent anti money laundering mechanism that will help relevant…

A Majlis Joint Commission spokesperson said lawmakers have approved part of the government budget bill that allows the Oil Ministry to issue up to $3 billion in Islamic bonds in the next fiscal…

The Ministry of Roads and Urban Development is finalizing a plan for selling construction materials to major home builders on credit.  "The plan will be carried out in cooperation with…

As Iranian traders (and more broadly Europeans) wait for the launch of the long-awaited special purpose vehicle by European powers, some businesses fear that the trade mechanism may after all…

Tehran Stock Exchange’s main index TEDPIX gained 749.14 points or 0.45% on Monday to end trading at 165,445.5.  More than 2 billion shares valued at 5.3 trillion rials ($64.92 million)…

In a meeting attended by officials from the Central Bank of Iran and an association comprising players in upcoming regulated forex market on Monday, details of the mechanisms of the new market…

The third round of crude oil sales will be held on Iran Energy Exchange on January 21, a National Iranian Oil Company official said.

The Export Guarantee Fund of Iran, a state-owned export credit agency, issued $1.7 billion worth of guarantees for exporters of non-oil goods in the first nine months of current fiscal that ends…

Despite an uptick in gold prices in international markets on Monday, the yellow metal stayed almost unchanged in Tehran due largely to falling currency rates.  The benchmark Bahar Azadi…

Shaparak, the domestic electronic payment network, handled 18.55 billion transactions in the Iranian month of Azar (Nov. 22-Dec.21) worth 2,000 trillion rials ($17 billion).  

Governor of the Central Bank of Iran used Instagram on Sunday to announce that forex earnings and transfer to the country has gained momentum. Abdolnasser Hemmati said US hostility and spite…

To claim a share of Iran’s growing fintech market, Bank Mellat has launched an innovation center to help promote the application of smart technologies in banking.

The Plan and Budget Organization has released an analytical report on the performance of banks in fiscal 2017-18. It gives poor marks to the banks’ overall performance in comparison to their…

Foreign exchange rates surged in the Tehran market on Saturday, prompting the Central Bank of Iran to release a statement to reassure the public that it has a grip on the market.  "…

Germany’s foreign minister said he is hopeful Europe in the coming weeks will be able to finalize its long-promised payment channel for conducting trade with Iran. 

The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.  …