Business And Markets

Shares in Tehran opened trading week on Saturday mixed amid demand for some large caps in the early hours of trade, but selloff pressure mounted as the session drew to a close.  The…

Bounced checks reached an estimated 544,000 in the ninth calendar month ending Dec. 21, down 13.6% compared to the month before.  Total value of the rejected checks was 255 trillion rials…

The National Development Fund of Iran gave 880 trillion rials ($3.2 billion) in loans in the first seven months of current fiscal year (March 20-Oct.21), the managing director of the sovereign…

Insurance companies generated 799 trillion rials ($2.95 billion) in premium in the first three quarters of the current fiscal year (ends in March – up 36% on the same period last year. …

Tehran stocks ended the last calendar month on Jan. 20 down 3% registering the third consecutive month that stocks are under mounting pressure.  Over the past three months, the benchmark…

The National Development Fund of Iran, the sovereign wealth fund, will inject fresh funds into the Capital Market Stabilization Fund (CMSF) in the coming weeks, the CMSF chief said. Amir Mahdi…

South Korea is in consultations with Iran over the proposed use of Tehran's funds held under US sanctions to pay dues to the United Nations and regain its voting rights, Korean government…

The monetary base expanded to unprecedented levels in the calendar month to Dec. 31 due mainly to banks’ excessive borrowing from the Central Bank of Iran.  It grew 37.6% in the 12 months…

Tehran stocks bucked a declining trend at the close of trade on Wednesday – a trend that has dominated the share market over the past five sessions.  The fragile recovery was due to the…

Central bank Governor Ali Salehabadi said Tuesday the regulator is in the process of reforming regulations to help ease the people's access to financial services. 

The Central Bank of Iran in collaboration with the Trade Promotion Organization has agreed to further ease procedures for exporters who failed to repatriate their overseas income in the past…

Government bonds again failed to attract buyers at this week’s auction on Tuesday as both in situational investors in the bourse and banks stayed away.  According to Central Bank of Iran…

Tehran’s share market faced a bruising selloff on Tuesday as a wave of panic selling dragged down prices in majority of the tickers. Under unrelenting sell-side pressure, the benchmark of…

Loans by banks and credit institutions increased 59.5% in the first nine months of current fiscal year (March 21-Dec. 21).  Banks lent 20,195 trillion rials ($74 billion) to various…

The Central Bank of Iran’s plan to launch a supply chain finance (SCF) mechanism is expected to help improve the allocation of funds across economic sectors, the bank’s SCF Department said.…

The Money and Credit Council has approved a proposal by the Central Bank of Iran for minting a digital rial as a central bank digital currency (CBDC), CBI deputy governor for innovation…

Tehran stocks closed Monday in negative territory paring gains made in the early hours of trade.  The benchmark of Tehran Stock Exchange, TEDPIX lost 4,273.22 points or 0.33% for the day…

After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market.  The US dollar closed at 274,800 rials in Tehran’s…

Iran’s capital market should genuinely consider use of blockchain technology as it can help address some major needs and at the same time create new vistas for reviving  the share market,…

President Ebrahim Raisi in a meeting with CEOs of banks underscored the pressing need for change in managing the banking system that has come under systemic criticism for long periods.  “A…

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said it is the private sector that bears the brunt of higher taxes forecast in the government budgets. …

The Governor of Central Bank of Iran Ali Salehabadi says the economy is in recovery mode as major indicators such as export revenue, forex rates and inflation are improving. 

As per rules banks must earmark 20% of their loans to the housing sector; however "they show little if any interest in doing so despite the 18% return," a board member of the Iranian Builders'…

After three lukewarm sessions, Tehran stocks opened on Saturday under mounting selloff pressure.  The benchmark of Tehran Stock Exchange, TEDPIX, lost 11,633.46 points or 0.87% to retreat…

Iranian banks have formed a consortium to fund domestic oil and gas projects estimated at $4 billion, the Economy Minister Ehsan Khandouzi said.