The judiciary in Tehran has reported a jump in court cases related to illegal cryptomining calling for new measures to further restrict subsidized electricity for mining cryptocurrencies.
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.
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Iran Fara Bourse, the junior equity market, is studying 15 requests from venture capital funds (VC), eight of which are in the final stage, the IFB chief said. Amir Hamouni said so far 10…
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The government on Saturday suspended enforcement of the new check issuance law until next March to prevent check-holders rushing to banks to settle payment issues arising from unfamiliarity with…
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Foreign exchange rates declined on Saturday impacted by prospect of a stronger rial in light of optimism that Iran’s financial and banking ties with the outside world were set to improve.
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Beh Pardakht Mellat (BPM), a payment service provider affiliated to Bank Mellat, topped the list of transactions processed in the eighth month of Iran’s fiscal year (Oct. 22-Nov. 20)
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More than 2 million tons of goods worth 243 trillion rials ($972 million) were traded at the Iran Mercantile Exchange in the month to Dec.13. Compared to the preceding month, the value…
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The Expediency Council, the top legislation vetting body, in a statement confirmed that the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved a government request to extend…
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Despite higher bank fees the banking sector is expected to decline 0.3% in the current fiscal year that ends in March, estimations by the Majlis Research Center show.
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The Guardians Council–a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has approved the parliament’s bill on revisions to Article 54 of Direct Tax Code, i.e…
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Managing directors of banks and credit institutions have called on the Central Bank of Iran to revise regulations related to the verification of customers’ identity to enable banks offer a wider…
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Extending a bearish trend that started on Sunday, Tehran’s share market stumbled Wednesday closing the trading week with negative returns. The main index of Tehran Stock Exchange, TEDPIX…
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The government sold bonds worth 145 trillion rials ($580 million) at the weekly auctions in the third quarter the current fiscal year (Sept. 22-Dec. 20). Despite growth in earnings from the…
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The Majlis Research Center has called on the government postpone its rial redenomination agenda until after the economy has undergone fundamental structural reforms.
As per the ‘…
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The Central Bank of Iran is using a smart platform to detect and block unauthorized payment gateways, developed and used by online betting and gambling websites.
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Tehran stocks extended a losing streak into the third session Tuesday amid relentless sell-off. The main index of Tehran Stock Exchange shed 55,834 points, pulling down TEDPIX by 3.8%. The…
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The Iran Chamber of Commerce, Industries, Mines and Agriculture has criticized the budget bill for fiscal March 2021-22 and called for rethinking.
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Iran and Afghanistan can resolve issues related to export income repatriation by creating a joint fund through which Afghan migrants in Iran can send money home and exporters repatriate their…
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Tehran stocks on Monday extended losses from the previous session as sell side pressure refused to ease on almost all stock categories. TEDPIX, the main index of Tehran Stock Exchange,…
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The loan-to-deposit ratio (LDR) increased slightly at the end of sixth calendar month (Sept. 21) posting two straight growth periods after extended declines. LDR was 78.5% in the reviewed…
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Two pending bills demanded by the Financial Action Task Force, the global anti-money laundering watchdog, will again be discussed at the Expediency Council, the top legislation vetting body.…
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Iran Insurers’ Syndicate has called on the government to release details about how third-party auto insurance tax revenue is spent. The syndicate has strongly opposed imposing higher taxes on…
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After a relatively good session earlier, Tehran stocks stumbled on Sunday and jumped back into negative territory. The main index of Tehran Stock Exchange, TEDPIX, lost 11,694.17 points, or 0.77…
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Plans are underway to launch standard salaf contracts for low-cost housing projects, head of the Ministry of Road's Housing Economy Department said. "Salaf contracts have been prepared by…
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The Securities and Exchange Organization, the stock market regulator, announced new caps for investment funds operating in the stock market. The ceiling is set at 500 trillion rials ($2…
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The average price of each square meter of a residential property in Iran stood at 152 million rials ($584) in the month ending Nov. 20, says Mahmoud Mahmoudzadeh, the head of Housing Department…
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