The Raisi administration has prepared a plan of action in which reforming the banking sector is a key priority.
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.
Price spread at Tehran’s stock market will be adjusted ±10% starting from the next fiscal year on March 21, said the vice-chairman of board of directors of the Securities and Exchange…
The Iran Energy Exchange (IRENEX) for the first time on Wednesday launched futures contracts backed by energy carriers. Naphtha and methanol are the underlying assets of the first…
After a brief rally in the session before, foreign exchange rates retreated on Wednesday in Tehran’s unofficial market. The dollar went as high as 263,500 rials on Tuesday before giving…
Tehran stocks on Tuesday bucked an ascending trend that lasted for three sessions as investor jitters to save gains gave way to selloff pressure. The main index of Tehran Stock Exchange, TEDPIX…
Social Security Investment Company, known by its Persian acronym Shasta, plans to invest 4,000 trillion rials ($15.3 billion) in projects of its subsidiaries, the company’s managing director…
To facilitate microloans the Majlis on Tuesday obliged lenders to diversify assets that can be used as collateral. The decision was made during the ongoing parliamentary debate on the…
The Industries Ministry signed a memorandum of understating with five banks to involve them in a new plan of action initiated by the Central Bank of Iran to fund industries. In January…
Insurance companies are still facing hefty medical insurance bills related to the coronavirus pandemic. Latest figures show 83.8% growth in medical insurance payouts during the first 11 months…
The fate of heavy subsidies granted to import essential goods at the cheap rate of 42,000 rials per dollar remains elusive, as members of parliament delegated in a Sunday vote the responsibility…
Tehran’s share market rallied on Monday extending a winning streak into the third session amid increasing participation of retail investors and fresh liquidity. The main index of Tehran…
Economy Minister Ehsan Khandouzi has asked the new head of the Central Insurance company of Iran to end reinsurance operations.
Data published by Iran’s payment settlement network, Shaparak, show online payment gateways and point-of-sale terminals processed more than 3.22 billion transactions in the calendar month to Feb…
After two successive declines since the beginning of the business week on Saturday, forex rates jumped again on Monday driving up gold prices.
Tehran stocks extended the previous session’s rally on Sunday as investors welcomed shares of big commodity companies, namely mining, metal, petrochemical and refinery industries. The…
The Central Bank of Iran governor on Sunday has urged the Majlis to approve provisions of the 2022-23 budget with minimal revenue deficit. Ali Salehabadi said an unbalanced fiscal budget will…
In the ongoing parliamentary debate on the proposed 2022-23 budget, MPs have given the okay to the government to sell unwanted real estate via the Iran Mercantile Exchange. Accordingly,…
The government started offering stakes in the two main football clubs, Esteghlal and Persepolis, on Sunday. Subscription started in the morning and within two hours Esteghlal sold 167,403,903…
Listed government-controlled companies will pay 290 trillion rials ($1.1 billion) in dividends to shareholders of the so-called Justice Shares before the yearend on March 20, said a board member…
After months of promises and delays, the two main Iranian football clubs, Esteghlal and Persepolis, will go public on Sunday. People were asked to subscribe during a press conference held…
The managing director of Iran Fara Bourse, the junior equity exchange, says abrupt expansion of daily price spread in the stock market is not a wanted approach.
Foreign exchange rates continued to slide Saturday in Tehran’s free market, mostly under the influence of positive reports on the Iran nuclear deal talks in Vienna.
The Majlis has let the government settle parts of its debt to public and private entities by divesting it shares in state-owned companies. During a parliamentary debate on the 2022-23…
The supply of foreign currency at the secondary foreign exchange, known as Nima, has increased by 66% in the past 11 months ending Feb. 19 compared with the corresponding period of last year.…
The price of US dollar and other major foreign currencies declined in Tehran’s market on Friday, after posting stability in the past week. The dollar lost more than 1.14% against the rial…
