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.

  • Lending Rates Unchanged 
    Despite recent reports in the local media, banks have denied a halt in loans due to the reported rise in interest rates.  Alireza Qeitasi, secretary of the State Banks Coordination Council, in a...
  • Insurers Q1-Q3 Premium Income Up 54%, CII Says
    Insurers generated 1,268 trillion rials ($3.12 billion) in premium in the first nine months of the current fiscal year (ends March) -- up 58.4% on the same period last year.  Medical insurance...
  • SSO Repays $2b in Bank Debt
    The Social Security Organization (SSO) paid 880 trillion rials ($2.1 billion) in outstanding debts to banks as instructed by President Ibrahim Raisi, Solat Mortazavi the Minister of Labor, Welfare...
  • Shares Move Higher 
    Tehran Stock Exchange's main index, TEDPIX, gained 21,282.96 points or 1.29% on Tuesday to end at 1,668,188.25. The TSE equal-weighted index climbed 1.46%. About 18.5 billion shares worth 113.4...
  • $3.4 Billion Paid in Mandatory Loans
    Banks and credit institutions gave 1,390 trillion rials ($3.42 billion) in loans to encourage youth marriage and childbirth since the beginning of the calendar year last March The Central Bank of...
  • Stocks Advance  
    Tehran Stock Exchange's main index, TEDPIX, added 11,677.17 points or 0.71% on Monday to end at 1,646,905.82. The TSE equal-weighted index was higher by 0.80%. About 19.56 billion shares worth 105...
  • IME to Offer Foreign Cars  
    Imported cars will be offered at Iran Mercantile exchange (IME) later this month if the prerequisites are met, a spokesperson for the Ministry of Industries, Mining and Trade said. “So far there...
  • $1.5b Earmarked for Food Imports
    Hurdles to forex allocation for the import of essential goods have been removed and as of Sunday an extra $1.5 billion was budgeted for such imports, news outlets in Tehran said Monday.  The...
  • Government to Boost CBI Capital
    The First Vice-President Mohammad Mokhber at the weekend announced the Cabinet's decision to boost the capital of the Central Bank of Iran by 28.748 trillion rials ($70.8 million) from the bank’s...
  • Stocks 2.33% Higher
    Tehran Stock Exchange's main index, TEDPIX, gained 37,167.71 points or 2.33% on Sunday to end at 1,635,229.22. The TSE equal-weighted index gained 2.14%. About 19.85 billion shares worth 105.63...
  • Bank Branch Managers Sacked for Flouting Interest Rate Rules
    The Central Bank of Iran said Sunday it has sacked heads of bank branches for flouting rules related to interest rates on deposits.  Las week the CBI said it was inspecting bank branches more...
  • Digital Insurance Co to Start Operation
    The Central Insurance company of Iran (CII) on Saturday granted an operating license to one more general insurance company, Farda Smart Insurance Company, to offer digital service. In a note...
  • Acquirers of E-Payments Named
    The supervisory body of the domestic payment network, Shaparak, said Bank Mellat acquired 17.95% of the electronic payment transactions in the calendar month to December 22. Bank Melli and Bank...
  • 2 Companies to Issue Reinsurance Bonds
    Two local insurance companies, namely Amin Re and Mellat Insurance, have received regulatory permission to issue reinsurance bonds for the first time in Iran.  According to a press release seen on...
  • Startups Borrow $105m From BIM
    The Bank of Industry and Mine (BIM) said it funded some 210 knowledge-based companies and startups in the country since last year.  According to a press release posted on the BIM website, the...
  • TEDPIX Gains 1.20% 
    Tehran Stock Exchange's main index, TEDPIX, gained 18,941.54 points or 1.20% on Saturday to end at 1,598,061.37. The TSE equal-weighted index climbed 1.89%. About 18.2 billion shares worth 108.38...
  • CBI Head Visits Doha
    The governor of the Central Bank of Iran Mohammad Reza Farzin held talks in Qatar on Thursday in the framework of plans to promote banking ties with the Persian Gulf Arab states.  Heading a...
  • Banks Buy $25m Bonds
    Banks were the only buyers of government bonds in the last weekly auction held on Wednesday. Auctions are held by the Central Bank of Iran on behalf of the Economy Ministry to raise funds for the...
  • NDFI Tops $147 Billion
    Iran’s sovereign wealth fund, known as the National Development Fund of Iran (NDFI), is worth more than $147 billion, a deputy head of the fund said. Since inception in 2011 the fund “$122 billion...
  • Banks Agree to Uphold Rates
    Banks' Coordination Council and the Association of Private Banks and Credit Institutions issued a joint statement on Thursday stating that they will abide by the Central Bank of Iran's rules on...
  • NDFI Says Investing in Stocks 
    The National Development Fund of Iran bought 20 trillion rials ($49.8 million) in shares since the beginning of the current fiscal year last March, head of NDFI Domestic Investment Affairs said...
  • TEDPIX Lower as Metal and Mining Stocks Fall
    Tehran Stock Exchange's main index, TEDPIX, lost 12,239.10 points or 0.77% on Wednesday to end at 1,579,114.59. The TSE equal-weighted index lost 0.47%. About 14.6 billion shares worth 80.96...
  • CBI Again Warns Banks on Rates
    The Central Bank of Iran on Wednesday warned banks and credit institutions to uphold the newly-set interest rates on deposits or face prosecution.  In a notice seen on the CBI website, the...
  • E-Payments Keep Growing
    An estimated 3.76 billion retail transactions were processed by the domestic electronic payment network Shaparak in the ninth month of the calendar year to December 22. Overall business via the...
  • Parliament Rejects Gov't Ruling on Support for Insurance Startups
    The parliamentary board responsible for monitoring government approvals’ compatibility with the law has rejected a decision by the government requiring the Central Insurance company of Iran (CII)...

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