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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January 04,2022As per a notice from the Iranian National Tax Administration, as of Monday life insurance, complementary medical insurance, social security coverage and agro products insurance will be exempt from... -
January 03,2022The Iranian Privatization Organization is ceding the remaining government shares in the Persian Gulf Petrochemical Industries Company (PGPIC) in three phases to end Wednesday. The giant company...
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January 03,2022The nationwide payment settlement network, known as Shaparak, said it processed almost 3.26 billion transactions worth 6,679. 1 trillion rials ($22.6 billion) in the calendar month to Dec 21....
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January 03,2022The Iranian National Tax Administration in a notice announced that new value added tax (VAT) on trade in gold and other precious metals will be applicable from Monday. As per the new rules, the...
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January 03,2022The Tehran stock market saw lukewarm trade on Sunday as prices of most tickers hovered around the flatline amid declining interest of retail investors.
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January 02,2022Tehran stocks retreated at the beginning of trading week on Saturday amid a meaningful increase in capital outflow by retail investors. Toiling near the psychological 1.4 million points in the...
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January 02,2022The Industries Ministry and seven banks signed a memorandum of understanding Saturday for a pilot program for a new supply chain finance (SCF) announced by the Central Bank of Iran. The banks...
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January 02,2022Secretary of Iran's Private Banks and Credit Institutions Association says the current lending rates are too low, stressing that deposit rates must be at least 3% higher than the inflation rate...
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January 02,2022The government plans to sell its excess property via the Iran Mercantile Exchange in the near future, the IME’s deputy for supervisory affairs said.
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December 31,2021After a sharp decline in check use a month before, check transactions rebounded in the eighth month of the calendar month to Nov.21. According to data published by the Central Bank of Iran,...
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December 31,2021An estimated 470,000 futures contracts worth 19.03 trillion rials ($65.6 million) changed hands at the Iran Mercantile Exchange in the last calendar month ending Dec. 21. Agriculture products...
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December 31,2021The Central Bank of Iran has launched a new framework to help finance the supply chain, a senior bank official said. Mostafa Qamari-Vafa, head of CBI public relations, made the announcement in a...
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December 31,2021After gains a week before, Tehran stocks ended the last trading week higher amid noticeable increase in the participation of retail investors.
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December 31,2022State-owned Bank Melli Iran wants to sell 500 trillion rials ($1.22 billion) in assets by the end of the current fiscal year in March 2023. "Shares of Shazand Arak Refining Company are to be...
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December 30,2021The main gauge of Tehran Stock Exchange, TEDPIX, closed trading week slightly below the flatline as selloff pressure continued on commodity stocks. TEDPIX shed 2,553.44 points or 0.18% on...
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December 30,2021Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages. In a talk with IRIB, Ahmad...
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December 30,2021Banks, credit institutions and equity market investors again stayed away from the weekly bond auction held by the government. Bonds sold this week was hardly 99.9 billion rials ($341,000) --...
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December 30,2021Insurance companies paid 62.2 trillion rials ($207.3 million) to agents in the last fiscal year (ended March 2021), marking 44.2% growth compared to the year before. The Central Insurance company...
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December 28,2021Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments. The dollar dipped further after losing the...
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December 28,2021The Central Bank of Iran’s latest data on Tehran’s housing market show sales are picking up alongside prices. During the ninth fiscal month (Nov. 22-Dec. 21), a total of 9,772 homes were sold in...
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December 28,2021Tehran stocks were mixed on Tuesday as most small-size companies gained while blue chips faltered. The equal-weighted index of Tehran Stock Exchange gained more than 0.5%. This index better...
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December 28,2021In a meeting with CEOs of state-owned banks on Tuesday the Economy Minister Ehsan Khandouzi instructed them not to arbitrarily raise lending rates. Khandouzi said the rates lenders charge on loans...
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December 28,2021Central Bank of Iran is to unveil an instant payment system which will replace the existing card-to-card transfers. Unlike banks, payment service providers (PSPs) are concerned about the new...
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December 28,2021The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Monday unveiled an electronic platform for issuing smart commercial cards. The Minter of Industry Reza Fatemi Amin,...
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December 28,2021The Energy Ministry has announced new rules for supplying cryptominers electricity generated from renewable power plants. “Legal miners can enter into agreements with renewable power plants at...
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