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January 04,2022
The Majlis Research Center has rejected provisions of a parliament-initiated bill that calls for all-embracing support for the manufacturing sector.
As per stipulations of the bill, confiscating...
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January 03,2022
The Iranian National Tax Administration in a notice announced that new value added tax (VAT) on trade in gold and other precious metals will be applicable from Monday.
As per the new rules, the...
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January 03,2022
The Tehran stock market saw lukewarm trade on Sunday as prices of most tickers hovered around the flatline amid declining interest of retail investors.
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January 03,2022
The Iranian Privatization Organization is ceding the remaining government shares in the Persian Gulf Petrochemical Industries Company (PGPIC) in three phases to end Wednesday.
The giant company...
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January 03,2022
The nationwide payment settlement network, known as Shaparak, said it processed almost 3.26 billion transactions worth 6,679. 1 trillion rials ($22.6 billion) in the calendar month to Dec 21....
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January 02,2022
Secretary of Iran's Private Banks and Credit Institutions Association says the current lending rates are too low, stressing that deposit rates must be at least 3% higher than the inflation rate...
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January 02,2022
The government plans to sell its excess property via the Iran Mercantile Exchange in the near future, the IME’s deputy for supervisory affairs said.
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January 02,2022
Tehran stocks retreated at the beginning of trading week on Saturday amid a meaningful increase in capital outflow by retail investors.
Toiling near the psychological 1.4 million points in the...
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January 02,2022
The Industries Ministry and seven banks signed a memorandum of understanding Saturday for a pilot program for a new supply chain finance (SCF) announced by the Central Bank of Iran.
The banks...
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December 31,2021
An estimated 470,000 futures contracts worth 19.03 trillion rials ($65.6 million) changed hands at the Iran Mercantile Exchange in the last calendar month ending Dec. 21.
Agriculture products...
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December 31,2021
After a sharp decline in check use a month before, check transactions rebounded in the eighth month of the calendar month to Nov.21.
According to data published by the Central Bank of Iran,...
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December 31,2021
The Central Bank of Iran has launched a new framework to help finance the supply chain, a senior bank official said.
Mostafa Qamari-Vafa, head of CBI public relations, made the announcement in a...
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December 31,2021
After gains a week before, Tehran stocks ended the last trading week higher amid noticeable increase in the participation of retail investors.
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December 31,2022
State-owned Bank Melli Iran wants to sell 500 trillion rials ($1.22 billion) in assets by the end of the current fiscal year in March 2023.
"Shares of Shazand Arak Refining Company are to be...
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December 30,2021
The main gauge of Tehran Stock Exchange, TEDPIX, closed trading week slightly below the flatline as selloff pressure continued on commodity stocks.
TEDPIX shed 2,553.44 points or 0.18% on...
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December 30,2021
Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages.
In a talk with IRIB, Ahmad...
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December 30,2021
Banks, credit institutions and equity market investors again stayed away from the weekly bond auction held by the government.
Bonds sold this week was hardly 99.9 billion rials ($341,000) --...
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December 30,2021
Insurance companies paid 62.2 trillion rials ($207.3 million) to agents in the last fiscal year (ended March 2021), marking 44.2% growth compared to the year before.
The Central Insurance company...
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December 28,2021
The Central Bank of Iran’s latest data on Tehran’s housing market show sales are picking up alongside prices.
During the ninth fiscal month (Nov. 22-Dec. 21), a total of 9,772 homes were sold in...
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December 28,2021
Tehran stocks were mixed on Tuesday as most small-size companies gained while blue chips faltered.
The equal-weighted index of Tehran Stock Exchange gained more than 0.5%. This index better...
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December 28,2021
In a meeting with CEOs of state-owned banks on Tuesday the Economy Minister Ehsan Khandouzi instructed them not to arbitrarily raise lending rates.
Khandouzi said the rates lenders charge on loans...
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December 28,2021
Central Bank of Iran is to unveil an instant payment system which will replace the existing card-to-card transfers.
Unlike banks, payment service providers (PSPs) are concerned about the new...
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December 28,2021
Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments.
The dollar dipped further after losing the...
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December 28,2021
The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Monday unveiled an electronic platform for issuing smart commercial cards.
The Minter of Industry Reza Fatemi Amin,...
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December 28,2021
The Energy Ministry has announced new rules for supplying cryptominers electricity generated from renewable power plants.
“Legal miners can enter into agreements with renewable power plants at...