Kosar Credit Institution officially merged with the state-owned Bank Sepah to become the third financial entity to complete the merging process. The CEO of Bank Sepah Mohammad Kazem…
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 Bank of Iran has 105 IT-based projects at hand in line with its mandate to improve transparency, responsibility and objectivity in the business environment, CBI's vice governor for…
The Central Bank of Iran last week granted short-term loans worth 33.1 trillion rials ($130 million) to banks in need of liquidity in the interbank market. According to a CBI press statement,…
In letters to two senior government officials on Thursday, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture called for revising the steel pricing mechanism at the Iran…
Foreign exchange and gold prices were sluggish in the preceding Iranian week and like other markets stepped back due to the new round of lockdown to curb the spread of the coronavirus.
A total of 4,466 homes were sold in the capital during the eighth fiscal month (Oct. 22-Nov. 20), registering a 48.4% decline compared with the preceding month but a 9.9% growth compared with…
Tehran stocks closed trading week Wednesday higher amid a lukewarm performance of most large-cap shares and rising demand for penny stocks. The main index of Tehran Stock Exchange, TEDPIX…
Following approval by the Majlis and Guardian Council, the long-awaited Natural Disaster Insurance Fund will be established in the next fiscal year. It will cover homes against all natural…
The plan to tax transactions via point-of-sale machines is one step closer to realization as the Central Bank of Iran and Iranian National Tax Administration give it the finishing touches.…
After weeks of dull trade Iran's debt market saw renewed interest for government bonds. On Tuesday it sold bonds worth 54.7 trillion rials ($210 million) at the weekly auction held by the…
Investors in the Tehran share market approached blue chips and small caps differently on Tuesday. Sell-side pressure pushed the market-weighted benchmark of the Tehran Stock Exchange into…
Currency and gold prices fell again in Tehran on Tuesday. The dollar lost 2.32% or 6,000 rials to reach 252,000 rials on Tuesday in the free market. Bank-affiliated moneychangers priced…
The Central Bank of Iran says inability of meeting the inflation target it announced earlier is likely but the CBI is doing all it can to achieve the goal, the vice governor for economic affairs…
Non-performing loans of Iranian banks and credit institutions shot up 27% on annualized basis during the first quarter of the current fiscal year (March 20-June 20) to reach 2,090 trillion rials…
Foreign exchange and gold prices posted meager changes Monday amid nationwide restrictions on non-essential businesses to control spread of the Covid-19 plague. The dollar was up 0.77% to 258,…
Iran's Innovation and Prosperity Fund issued 10 trillion rials ($40 million) in guarantees for knowledge-based companies during the first eight months (March 20- Nov. 21) of the current fiscal…
The Trade Promotion Organization of Iran is doing all it can to promote barter trade by setting up special internal and international "barter chambers" to connect exporters and importers, the…
Tehran’s stock market closed in negative territory on Sunday after rallying for seven consecutive sessions. The heavy early sell-side pressure eased in the closing hours. The main index of…
The economy minister says the capital market improved its contribution to the economy in the current fiscal year that ends next March. For more than two years the government’s budget has…
The Securities and Exchange Organization, Iran's stock market regulator, said it has penalized 21 CEOs of listed companies for not abiding by SEO regulations and warnings have been sent to many…
Tehran’s stock market will host the initial public offer for the country’s second largest Iranian ride-hailing company, Tap30, in the coming weeks. It will be the first of its kind to go public…
The High Council of Insurance, the top regulatory body of Iran insurance industry, is expected to grant operational license to a new reinsurance company in the near future. Pars…
A sharp rally in the early hours of stock trade on Saturday gave way to sell-off in majority of ticker symbols as many rushed to sell and save gains. The main index of Tehran Stock…
As per a bylaw sent to banks and credit institutions new fees come into effect today (Nov. 21). Banks, including state and private plus credit institutions are obliged to abide by the…
Banks have been instructed to expand electronic services to reduce physical presence of staff and clients in line with nationwide restrictions to curb spread of the Covid-19 plague. …
