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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September 20,2019With a new person in charge of the IT department of Iran’s central bank, long-awaited reforms in bank service fees will be announced in the near future as part of a broader banking reform package... -
September 18,2019The unusually high number of bank branches has long been a source of concern for both economic experts and government officials, giving rise to calls for cutting the number of barely used and...
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September 18,2019The governor of the Central Bank of Iran, Abdolnasser Hemmati, appointed Mehran Moharamian as the new vice governor for IT affairs.
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September 18,2019The benchmark of Tehran stocks shed 8,000 points on Wednesday, bringing down TEDPIX more than 2.6% lower amid a massive selloff of stocks. Following a series of consecutive rallies since the...
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September 17,2019The new head of INSTEX, Michael Bock, who was in Tehran this week, says some small European bank are willing to join the barter trade mechanism. According to Bock, small banks in Italy, Germany...
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September 17,2019Governor of the Central Bank of Iran says Iran and Russia have connected their financial messaging services to handle two-way banking transactions.
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September 17,2019The main gauge of Tehran Stock Exchange shed more than 3,800 points on Tuesday amid investors’ rush to sell shares to save profits. Stocks fell as investors were disturbed by a gloomy market...
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September 16,2019The newly appointed German head of Iran-EU trade mechanism, known as Instrument in Support of Trade Exchange (INSTEX), was in Tehran to discuss issues of mutual interest. On the first day of the...
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September 16,2019Banks paid 2,188 trillion rials ($19.3 billion) in loans during the first four months of present calendar year to July 22. Compared to the corresponding period last year, the figure was up 30.9...
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September 16,2019Head of the Supreme Council of Iran Free Trade Zones announced on Monday a plan to start an international stock exchange in the FTZs in the coming months. According to Morteza Bank, the...
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September 16,2019The symbol tickers of commodity stocks started trading day on Monday mainly in green as investors reacted to the steep rise in crude oil prices in international markets. After a brief correction...
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September 15,2019A report by the Central Bank of Iran on the participatory bond market said municipalities in major urban areas sold more than 12.5 trillion rials ($110 million) worth of participatory bonds up...
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September 15,2019The Supreme Council of Economic Coordination extended the authority of the central bank governor, Abdolnasser Hemmati, for one more year to intervene and regulate the foreign exchange market, the...
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September 15,2019Investors’ caution to save earlier gains kept Tehran stocks from making further headway on Sunday after conquering the historic peak of 300,000 points a day earlier. The main gauge of Teheran...
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September 14,2019Banks met nearly 57% of industrial units' capital need in the last Iranian fiscal year (ended March 2019), says a deputy minister of industries. "Industries wanted 2,890 trillion rials ($25...
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September 14,2019The Tehran Stock Exchange benchmark crossed the psychological level of 300,000 points on Saturday, extending a winning streak into the sixth day. Most symbol tickers at TSE ended green for the...
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September 13,2019Data about loans given by banks and credit institutions based on different Islamic banking contracts show “partnership loans” had the biggest share by the end of the third quarter of the present...
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September 13,2019The CEO of Bank Sepah -- the state-owned lender with which five military banks are merging -- says the number of branches of merged banks will be cut by 10%. Considering the number of Bank Sepah...
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September 13,2019Utility companies that offer electricity on the energy bourse will be eligible for 10% tax exemption, head of the Iran Energy Exchange said. Industrial units with electricity consumption of above...
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September 11,2019The winning streak of Tehran Stock Exchange continued Wednesday, with the main index climbing more than 3,000 points or 1.08%, hovering near 300,000. Recent news about recapitalization was among...
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September 11,2019Cryptocurrency miners will be eligible for tax exemption if, like non-oil exporters, they repatriate their overseas earnings, Iran's National Tax Administration said. As per INTA regulations...
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September 11,2019The Majlis Research Center, the influential research arm of the parliament, has stressed the need to start currency swap deals with the main trading partners to help keep the economy immune against...
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September 10,2019An estimated 2.35 billion transactions worth 2,617 trillion rials ($23.05 billion) were processed by Iran's domestic payment network, Shaparak, during the fiscal month to August 22. The latest...
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September 10,2019Pundits and economic experts looking closely at the key insurance sector are prone to ask one question: Why should the insurance industry be exempt from value added tax as some quarters have been...
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September 07,2019The plan to merge five military-affiliated banks and credit institutions has entered the next phase after majority ownership of the merging entities was transferred to state-run Bank Sepah, CEO of...
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