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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March 13,2022The Money and Credit Council, the top banking and monetary decision making body, will have the final say on loans ordered by the Majlis, Mohammadreza Pourebrahimi, head of the Majlis Economic... -
March 13,2022The Central Bank of Iran is intensifying controls over bank loans via electronic platforms, head of the CBI public relations department said. In a note posted on his social media account, Mostafa...
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March 13,2022A major Iranian cryptocurrency exchange platform, Nobitex, has published a detailed report on its performance in 2021, claiming that it recorded 728% growth in the number of users. The exchange...
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March 12,2022Tehran’s share market showed some sign of recovery in the last trading week that ended on Wednesday as retail investors showed renewed interest.
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March 12,2022The lowest bond sale was recorded Tuesday in the past three weeks during the weekly auction held by the Central Bank of Iran. Out of the 76.7 trillion rials ($300 million) bonds on offer,...
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March 12,2022More than 126.6 million bank cards were used at least once during the eleventh Iranian month (Jan. 20-Feb. 19) of the current fiscal year, data released by Shaparak, the company in charge of...
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March 12,2022The Raisi administration has prepared a plan of action in which reforming the banking sector is a key priority. In the plan published in the local media, the government of President Ebrahim Raisi...
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March 11,2022The 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 futures...
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March 11,2022After a brief correction the day earlier, Tehran stocks resumed rally on Wednesday closing the trading week in positive territory. The benchmark of Tehran Stock Exchange, TEDPIX, gained 11,733.74...
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March 11,2022Price 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 Organization...
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March 11,2022After a brief rally in the session before, foreign exchange rates retreated on Wednesday in Tehran’s unofficial market.
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March 11,2022The Oil Ministry and Export Development Bank of Iran on Wednesday signed a deal to provide knowledge-based companies in the oil, gas and petrochemical industries loans up to 20 trillion rials ($78...
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March 09,2022Tehran stocks on Tuesday bucked an ascending trend that lasted for three sessions as investor jitters to save gains gave way to selloff pressure.
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March 09,2022To 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 2022-23...
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March 08,2022Insurance 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 of...
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March 09,2022Social 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 said...
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March 08,2022The 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 the CBI...
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March 08,2022The 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...
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March 07,2022Economy Minister Ehsan Khandouzi has asked the new head of the Central Insurance company of Iran to end reinsurance operations. "CII's involvement in the reinsurance sector may be a wise decision...
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March 07,2022After two successive declines since the beginning of the business week on Saturday, forex rates jumped again on Monday driving up gold prices. The US dollar was traded at 259,000 rials in Tehran’...
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March 08,2022Tehran’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 Stock...
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March 07,2022Data 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....
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March 06,2022Listed 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 of...
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March 07,2022The 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...
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March 06,2022The 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...
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