The dearth of supply is one of the reasons behind skyrocketing home prices in Iran, says Hossein Afshin, an official with Majlis Research Center.
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.
The Central Insurance company of Iran announced the risk retention and reinsurance capacity for insurance companies. According to data published by the CII website, the main state-owned Iran…
The Tehran Stock Exchange closed trading day in positive territory amid rising demand for bank and auto stocks. After a two-day lukewarm performance, the main TSE index soared on…
Banks have plans to divest 400 trillion rials ($3 billion) of their surplus property before the current fiscal is out in March 2020, said the deputy economy minister for banking, insurance and…
The Majlis Research Center has proposed a roadmap to help wean the economy away from oil revenues by making better use of the nation’s abilities and potential for raising income and…
Iran’s ambassador to London, Hamid Baeidinejad, said US threats to sanction Iran’s reciprocal trade entity to Europe’s Instrument in Support of Trade Exchange could put an end…
The Association of Bureaux de Change Operators of Iran will hold a briefing on Wednesday for members of the regulated foreign exchange market scheduled to be launched in the near future. …
An official with Iranian National Tax Administration says those who have not sold the pre-purchased gold coins or used it for reimbursing their marriage portion liabilities will be exempt from…
First Vice President Es'haq Jahangiri has given a nod to a proposal by the Iran Chamber of Commerce, Industries, Mines and Agriculture to ease rules demanding the Certificate of Origin for…
More than 1,300 point of sale terminals operating outside Iran have been blocked after the Central Bank of Iran enforced its decision to ban all such systems in foreign countries. In…
The National Development Fund of Iran, the country’s sovereign wealth fund, has signed a contract with the Export Development Bank of Iran to augment development projects worth $230 million.…
The main gauge of Tehran Stock Exchange which was hampered by petrochemical sanctions to continue its previous rallies on Saturday, climbed 1.3% on Sunday to hit an all time record of 229,800…
Currency rates are declining and have hit the lowest level Sunday compared to the past three months following mixed economic and political developments in and outside Iran.
Electricity bills for cryptocurrency miners should be calculated in real prices, a deputy energy minister said in Tehran at the weekend. Homayoun Haeri said crypto miners should pay their…
The Instrument in Support of Trade Exchanges, known as INSTEX, a European Union mechanism for financial settlements with Iran, is failing to gain momentum, Russia’s permanent envoy to the EU,…
Banks lent 342 trillion rials ($2.55 billion) during the first month of the current fiscal (March 21-April 20). The amount indicates 32.9% growth compared to the corresponding period in the…
Taxing gold coins should not push up prices of the yellow metal because the tax is to be levied on wholesalers who pre-purchased coins from the Central Bank of Iran, says the president of…
Heads of the central banks of South Korea and Iran met in Seoul to discuss banking hurdles between the two sides and find workable solutions. In meetings with South Korean officials, the…
The governor of the Central Bank of Iran says the main function of the open market operation is to help fight inflation by regulating short-term interest rates in the interbank market.…
According to data published by the Tehran Stock Exchange, five brokerage firms accounted for more than 27.1% of total trade in the capital market during the first two months (March 21-May 20) of…
Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April…
Two 2 million barrels of natural gas condensate is on offer at discounted prices in the international ring of the Iran Energy Exchange today (Monday). Amirhossein Tebianian, the National…
Banks have given 5.5 trillion rials ($40 million) to help compensate losses in flood-stricken areas, according to the data released by the Industries Ministry. Bank Refah allocated…
The Industries Ministry has no plan for now to distribute essential goods via electronic coupons, the deputy minister for domestic trade said. “As there is no shortage of [essential]…
Restrictions on foreign currency trade by authorized exchange bureaus have pushed people towards the black market, chief of the founding board of Association of Bureaux de Change Operators of…
