Business And Markets

While in positive territory in the early hours of trading,  the main gauge of the Tehran Stock Exchange reversed course in mid-day trading, causing the TEDPIX to shed more than 1,000…

The Central Bank of Iran on Monday again postponed the opening of the long-awaited regulated foreign exchange market.  CBI Governor Abdolnasser Hemmati had said earlier that the market…

The merger of five banks and credit institutions -- affiliated to military forces – with the state-owned Bank Sepah is in progress with the major tasks completed,  CEO of the bank said.…

State-owned Bank Maskan, the main lender in the housing sector, is to join the regulated forex market, head of the bank’s department for international affairs said Sunday.  

A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the stock market was among the top-performing market during the first quarter (March. 21-June. 20) of the current…

Enthusiastic buyers purchased the entire 5000 tons of Iranian octane 95 gasoline offered on the Iran Energy Exchange on Sunday, according to data available on the IRENEX online bulletin board.…

Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli Iran. 

For the first time in the history of Iran’s oil industry, 3,000 tons of Euro-5 gasoline was sold via the international ring of Iran Energy Exchange.   The sale was part of a total of…

The managing director of Export Guarantee Fund of Iran, Afrouz Bahrami, was elected as a member of Aman Union's board of directors for two years. 

With the appointment of Bernd Erbel as new president of the Instrument in Support of Trade Exchanges (INSTEX) earlier in the week, it appears that the Iran-EU trade mechanism is entering its…

The Majlis Economic Commission is preparing a bill in line with efforts to promote long-awaited transparency in the key banking sector. If and when it becomes law, it will allow the people to…

The government on Wednesday approved a central bank proposal based on which four zeros will be shaved off and the national currency rial and the change from official rial to the popularly used…

The Central Insurance company of Iran (CII) has announced data on risk retention and reinsurance capacity for insurance companies based on their last financial report. According to CII…

The general price index of construction materials for residential units in Tehran rose 62.2% in the first quarter of the current Iranian year that ended on June 21 compared with last year's…

Bernd Erbel, 72, a German diplomat and a former head of his country’s mission in Iran (Oct. 2009-2013) has been appointed as the new president of Iran-EU trade mechanism, known officially…

Approximately $27.5 billion was repatriated by non-oil exporters to the secondary currency market known locally as Nima (Integrated Forex Deals System) since the fifth month of last calendar…

A deputy governor of the Central Bank of Iran met the Australian ambassador to Iran, Ian Biggs, on Tuesday to discuss monetary and banking issues. The two sides agreed to expand banking…

Securities and Exchange Organization of Iran and the Iraqi Securities Commission signed a memorandum of understanding to create a joint investment fund.  The fund will be based on master-…

Head of the company that will oversee the regulated forex market says the new market will open with the participation of 100 plus money changers.

Mahmoud Shekasteband said there are…

National Iranian Oil Refining and Distribution Company plans its first round of gasoline offer on the export ring of Iran Energy Exchange on Wednesday, the IRENEX chief said.  Ali Hosseini…

After months of speculation over the fate of mining and trading cryptocurrencies in Iran, the government late on Sunday announced that it recognizes mining cryptocurrency as a legal industrial…

The housing market in the capital continues to show signs of inflationary recession, as has been the case in the past months. Latest data released by the Central Bank of Iran show home prices…

At a time when the country is grappling with new US sanctions and extraordinary economic challenges, reports speak about billions in pending taxes, which if paid can go a long way in plugging…

The regulated foreign exchange market will be launched on August 12 to coincide with the annual feast of Eid al-Adha (Eid- e- Qorban in Iran), the governor of the Central Bank of Iran said…

A member of the Majlis Energy Commission says parliament is willing to approve rules that allow the government to offer crude oil in Iran Energy Exchange at discounted rates.