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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July 20,2022In its latest appraisal of risk retention capacity of insurers, the Central Insurance company of Iran (CII) gave Iran Insurance Company (IIC) the top spot. According to a report seen on the CII... -
July 20,2022Iranian payment service providers are still the largest merchant acquirers in the Middle East and Africa, according to the latest issue of Nilson Report. "The largest merchant acquirers in the...
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July 20,2022The Governor of Central Bank of Iran Ali Salehabadi says launching the rial-rubble exchange platform at the regulated forex market should help boost Russo-Iran trade. At a ceremony on Tuesday,...
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July 20,2022Tehran stocks closed on Tuesday slightly below the flatline amid steep decline in retail trade. The main gauge of Tehran Stock Exchange, TEDPIX, lost 939.22 points or 0.06% to end at 1,468,893....
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July 20,2022The Central Bank of Iran cut the “currency quota” for outbound travelers with a visa. Accordingly, authorized exchange bureaus are not allowed to sell more than €500 or equivalent in other...
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July 18,2022The CEO of Bank Melli Iran, the biggest state-owned lender, said it has signed a deal with Russia’s government-controlled Sberbank. “I was in Moscow at the invitation of the CEI of Sberbank as the...
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July 18,2022Iran Currency Exchange, known as the regulated forex market, has started trading the Russian ruble from last Tuesday. The Russian currency is the third being traded in the regulated market after...
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July 18,2022Export companies sold $13.5 billion in the secondary foreign exchange market, known locally as Nima, in four months since the beginning of current fiscal year in March. In a press statement seen...
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July 18,2022The insurance industry has reported a big jump in medical insurance policies sold in the last calendar year that ended in March. Bimeh-Dari Novin, a local magazine specialized in insurance news,...
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July 18,2022Bank Mellat topped the list of banks listed with the Tehran Stock Exchange in terms of outstanding loans and deposits, in the past fiscal year that ended in March. Electronic Banking Magazine...
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July 18,2022The Economy Ministry says it reimbursed 496.31 trillion rials ($1.6 billion) bonds (principal and interest) since the beginning of current fiscal year until July 11. Of this 370 trillion rials ($...
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July 18,2022Tehran stocks opened the week lower on Saturday amid lingering outflow of liquidity by retail investors. The main gauge of Tehran Stock Exchange, TEDPIX, lost 10,001.23 points or 0.67% to end at...
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July 18,2022The interbank rate stood near 20% for months before making a steady but subtle rise above 21% on Saturday. It hit 21.14% to reach the highest in the past year and a half, according to data...
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July 16,2022Struggling with recession and liquidity crunch, Tehran’s share market registered four straight weekly losses last week.
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July 16,2022Iran Energy Exchange is collaborating with the National Iranian Oil Company on plans to launch commodity-linked certificate of deposits backed by oil and energy carriers. Ali Naqavi, the IRENEX...
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July 16,2022The Central Insurance company of Iran, the industry’s regulator, has required insurers to get approval before selling insurance policies worth higher than the set caps in several categories. As...
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July 16,2022Government borrowing from the Central Bank of Iran in the form of discretionary funding has declined sharply, the Economy Ministry said. Based on ministry data, the government took 16.3 trillion...
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July 14,2022Tehran stocks recovered Wednesday from a declining trend that lasted for five sessions. The benchmark of Tehran Stock Exchange, TEDPIX, gained 6,517 points or 0.44% to end trade at 1,490,051....
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July 14,2022The High Council of Securities and Exchange has decided to resume selling cars via the Iran Mercantile Exchange after the Industries Ministry suspended it last month. According to Mohsen Alizadeh...
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July 14,2022More than 80% of the bonds offered by the government was bought by underwriting financial institutions in the last weekly auction. In the absence of banks, underwriters bought 22 trillion rials...
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July 13,2022Bank Melli Iran is planning to use ‘LendTech’ to ease the processing of microloans, an official with the bank said. The measure is in accord with the Economy Ministry's recent notifications to...
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July 13,2022The Securities and Exchange Organization (SEO) is diversifying methods of fund municipalities, the SEO chief said. “Up until now, municipalities were funded largely by issuing participatory bonds...
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July 13,2022The High Council of Securities and Exchange has given the go-ahead to banks to issue certificate of deposits that can be publically traded in the equities market. The Governor of Central Bank of...
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July 13,2022Tehran stocks closed Tuesday lower again amid mounting sell-side pressure on small caps and retail investors rushing to the exits. The equal-weighted index of Tehran Stock Exchange, fell 1% ...
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July 12,2022Tax on stock and share trade reached 16.2 trillion rials ($52 million) in the first quarter (March 20-June 21) of the current fiscal year, posting 74% increase on Q1 of last year. Also known as...
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