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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February 18,2022Forex rates in Tehran retreated at the end of trading week on Thursday after gains in the middle of the week. The US dollar closed at 264,500 rials in the free market, down 1.8% or 5,000 rials... -
February 18,2022Banks gave 509.4 trillion rials ($1.92 billion) to 1,176 knowledge-based companies in loans in the first 10 months of current fiscal year (March 21- Jan 20). The amount was up 126.9% compared to...
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February 18,2022Almost 87 trillion rials ($328 million) was paid in security deposit loans for those renting homes since the beginning of the current fiscal year in March 2021, an official at the Central Bank of...
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February 16,2022Average loan-to-deposit (LDR) ratio increased to 81.3% by end of the Iranian month to Nov. 21, rising 1.1 percentage points compared to March 2021. The ratio was little changed on the preceding...
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February 16,2022Iran and South Korea have held working-level consultations to discuss ways to resolve yearslong disputes over Tehran's assets frozen under US sanctions, Seoul's foreign ministry said Wednesday.
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February 16,2022The benchmark of Tehran Stock Exchange, TEDPIX, closed trading week on Wednesday in negative territory, shedding 848.28 points or 0.07% to stand at 1,282,475.44. About 3.97 billion shares worth 26...
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February 16,2022Banks continue to help fund the economy while the capital market struggles to improve its footprint financing businesses. The role of banks had diminished in the past two years due largely to the...
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February 16,2022The Money and Credit Council, the main decision-making banking and monetary body, has agreed to extend the repayment period for Qarzol-Hassanah (interest-free microcredit) loans.
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February 16,2022Foreign exchange rates in Tehran have moved upward since the beginning of the Iranian week on Saturday after posting successive declines. Extending a three-day rising trend, the US dollar clawed...
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February 16,2022An estimated 65,000 loans were given in three weeks after the announcement of a rare government initiative promoting collateral-free microloans. The Economy Minister Ehsan Khandouzi said this in...
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February 16,2022The Securities and Exchange Organization has announced an agreement in principle to launch a Real Estate Investment Trust (REIT) fund, the SEO deputy for supervisory affairs said. Alireza Nasser-...
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February 16,2022Shaparak Company, the Central Bank of Iran affiliated company supervising the domestic e-payment network, recorded 85% decline in phishing cases since the implementation of the mandatory one-time...
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February 13,2022Banks and credit institutions gave 22,946.1 trillion rials ($86.1 billion) in loans in the first ten months of current fiscal year that ends in March. Compared to the corresponding period last...
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February 13,2022The financial evaluation of Tehran's two main football clubs is over and both are set to go public via the Iran Fara Bourse base market in the coming weeks. As per the assessments, Esteghlal...
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February 13,2022With the share market languishing in the red amid the non-stop capital outflow by retail investors, new listed companies issuing IPOs no longer see welcome signs from investors. Investor turnout...
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February 13,2022Municipalities of seven major cities issued 89.3 trillion rials ($330 million) in bonds in the first nine months of present fiscal year to Dec. 21. Compared to same time last year, the bond sale...
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February 13,2022Tehran stocks opened trading week on Saturday in positive territory only to retreat later as most shares pared early gains. The benchmark of Tehran Stock Exchange, TEDPIX, shed 52.65 points and...
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February 13,2022Insurance companies in Iran paid 16.7 trillion rials ($63 million) in Covid-related medical bills since the outbreak of the coronavirus pandemic in February 2020. The Central Insurance company of...
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February 12,2022Data released by Shaparak, the company in charge of Iran's domestic payment network, show more than 123.1 million bank cards were used at least once in the ninth month to December of the current...
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February 12,2022The supply of foreign currency for import needs improved substantially in the past five months, head of the Central Bank of Iran public relations office said. In a note on his social media...
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February 12,2022The Majlis Research Center has warned that a toxic mix of incorrect fiscal and monetary policies could add fuel to the inflation fire in the next fiscal year that begins in March. In a report on...
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February 11,2022The National Development Fund of Iran is making progress in collecting unpaid debts by private companies, a deputy with the sovereign wealth fund said. In a press release seen on the NDFI website...
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February 11,2022The government has no contingency for marriage loans which are set to double in the March 2022-23 fiscal year, a senior banker said. Mohammad-Reza Jamshidi, the secretary general of the Iranian...
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February 11,2022Tehran stocks closed Wednesday relatively lukewarm with major market indicators slightly above the flatline. The benchmark of Tehran Stock Exchange, TEDPIX, gained 3,045.12 points or 0.24% to end...
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February 11,2022Latest figures released by the Central Insurance company of Iran, the supervisory authority of the industry, show the critical status of medical insurance with its loss ratio crossing 106% in the...
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