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.
September 29, 2020 19:29
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August 30,2020Contrary to authorized payment companies, banks have welcomed Iran’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network fees,... -
August 26,2020Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's... -
August 26,2020Tehran stocks pared more losses on Wednesday as demand for shares increased and investors began to line up in the buy spot. The main gauge of Tehran Stock Exchange, TEDPIX, climbed further 4.16%... -
August 26,2020The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-... -
August 26,2020Mineral companies affiliated to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) joined hands Wednesday to set up a fund for supporting listed mineral... -
August 25,2020Investors in the Tehran stock market heaved a sigh of relief Tuesday as market indicators turned green after eleven sessions of bear market. The main index of Tehran Stock Exchange, TEDPIX,... -
August 25,2020State-owned Bank Melli Iran, the largest domestic lender, says it ceded nonfinancial assets worth 26.13 trillion rials ($113 million) in the first five months (March 20- August 21) of the current... -
August 25,2020Foreign currencies recorded gains Tuesday in Tehran’s free market. The dollar shot up 3,600 rials, or 1.54%, to reach 233,000 rials. It had registered meager declines earlier in the week. -
August 25,2020The Iranian Privatization Organization published a notice Tuesday outlining details about subscription of government shares in four refineries via an exchange-traded fund. It called on the public... -
August 24,2020Following digitizing plans for the insurance industry, the Central Insurance company of Iran Monday unveiled new supervisory platforms for the transport and fire insurance categories. The CII... -
August 24,2020The Trade Promotion Organization announced a timeframe based on which commercial ID cards of exporters who have failed to return their foreign currency earnings will be suspended. Exporters have... -
August 24,2020Tehran stocks suffered one more hit on Monday amid visible efforts by the regulatory body and institutional traders to prop up the market but to no avail because of rising sell-side pressure. The... -
August 24,2020The CBI governor says the bank has kept the growth of money supply in check which is a harbinger of decline in inflation rate. Abdolnasser Hemmati told state TV that the monetary base growth has... -
August 23,2020South Korea is seeking to sell medicine and medical equipment in lieu of its arrears to Iran blocked in the south eastern country’s banks, head of Iran-South Korea Joint Chamber of Commerce said... -
August 23,2020The governor of the Central Bank of Iran said exporters transferred home $2.5 billion before the July deadline set by the regulator. The CBI had earlier announced that non-oil exporters should... -
August 23,2020Tehran stocks fell deeper on Sunday extending a losing streak that has dominated the market for more than two weeks. The benchmark of Tehran Stock Exchange, TEDPIX, shed 65,023 points to plunge... -
August 23,2020Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently paid by banks. -
August 22,2020Gold buyers should henceforth present national ID cards to able to purchase jewelry from shops, head of the Tehran Gold and Jewelry Union said. Ebrahim Mohammadvali said the measure is in line... -
August 22,2020Tehran’s currency market was calm on the first day of the week as foreign currency rates decreased but bank-affiliated moneychangers were unmoved. -
August 22,2020Tehran’s share market opened trading week on Saturday in negative territory amid stress among investors about what lies ahead. The benchmark of Tehran Stock Exchange, TEDPIX, shed close to 30,000... -
August 22,2020Subscription for units of an exchange-traded fund that holds government stakes in four refineries will commence on Wednesday, head of the Iranian Privation Organization said. “IPO has received... -
August 21,2020Iran Insurance Company has given 15 trillion rials ($65 million) in credit to policyholders who could not afford to pay their premiums due to the problems created by Covid-19. "The credit was... -
August 21,2020The plan to presale housing units through standard salaf contract will be implemented next month at the Iran Mercantile Exchange, the IME deputy for economic studies said. “IME plans to offer... -
August 21,2020The Power Generation, Distribution and Transmission Company (Tavanir) has identified and shut 1,100 unlicensed crypto mining farms with the help of whistleblowers. -
August 21,2020Oil products costing $108 million were traded in the international ring of the Iran Energy Exchange in one month to August 15. Heavy naphtha was the main item with a total of value of $36 million...
