Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.
Business And Markets
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More than 8.7 billion government-owned shares in Tehran Oil Refinery Company and Isfahan Oil Refinery Company worth 88 trillion rials ($733 million) will be offered in the capital market in the…
American officials have issued a warning to European nations that they risk falling foul of sanctions on Iran if they press ahead with a barter system that could allow the export of Iranian oil…
July 22 was the end of a deadline set by the Central Bank of Iran for non-oil exporters to repatriate their currency earnings during the last fiscal year (March 2018-19) to the country. …
Governor of the Central Bank of Iran Abdolnasser Hemmati has reviewed the achievements of the bank one year after he took office and outlined future plans.
Parliament voted for a bill on Tuesday based on which compound interest on bank loans that matured by the end of last fiscal year (March 20, 2019) would be eliminated and debtors given until mid…
The monthly report of Shaparak payments and settlement network indicates 13.3% decline in value of transactions during the third month of the current fiscal year (started March 21) compared to a…
Results of a state TV poll on Tuesday show that the majority preferred to invest in the capital market. Asked whether they want to invest in the capital market or foreign exchange market…
After a one day hiatus, stocks rebounded into positive territory amid investor optimism over earnings reports of listed companies for the last calendar month that ended on July 22. …
The Export Guarantee Fund of Iran topped the list of export credit and guarantee funds that are members of the Aman Union, the EGFI head said. Afrouz Bahrami made the statement on the…
Currency rates surged in the open market in Iran following more than two weeks of bear market after demand for foreign currency rose amid expectations that the plunging forex rates had hit the…
Afghanistan and Pakistan have announced readiness to open bank branches in Iran’s free zones or the mainland, according to a Foreign Ministry official in Tehran.
The stock rally continued on Monday as quarterly financial reports released on codal website showed upbeat performance for a large number of big companies in the capital market. The main…
A report on loans made by and deposits with banks and credit institutions says total deposits stood at 20,825 trillion rials ($173 billion) at the end of the first calendar month to April 20.…
The Economic Commission of the government has agreed to set electricity prices for mining cryptocurrencies based on similar tariffs used for electricity exports. Homayoon Ha’eri, the…
Total market capitalization of Iran’s four bourses (Tehran Stock Exchange, Iran Fara Bourse, Iran Mercantile Exchange and Iran Energy Exchange) reached 12,282 trillion rials ($102.3 billion) by…
Following a weeklong lethargic performance, Tehran stocks rallied on Sunday as investor sentiment was boosted by seasonal financial reports released by major commodity companies. The main…
Tehran Stock Exchange plans to unveil a new market it calls ‘prime market’ within the stock market, head of the TSE said. Only listed companies with defendable financial performance are…
Results of a study by the Majlis Research Center, the research arm of the parliament, indicate a decline in the security climate for investment and business last autumn (Sept-Dec 2018) compared…
Currency rates in Tehran briefly hit six-month lows since January 9 as the US dollar was traded for 111,000 rials during the mid-day trade in the open forex market on Wednesday. Varying…
Governor of the Central Bank of Iran and the accompanying delegation arrived in Ankara on Thursday for talks on improving banking and monetary cooperation.
Data released by the Central Bank of Iran show that more than 6.5 million checks worth 842 trillion rials ($7.32 billion) were exchanged in the third month of the current fiscal year to June 21…
The Iranian National Tax Administration identified and collected unpaid taxes worth 184 trillion rials ($1.5 billion) in the last fiscal year the ended in March. Hadi Khani, the head of INTA’s…
Tehran Stock Exchange heaved a sigh of relief on Wednesday when the market recovered from Tuesday’s losses that sent the TSE benchmark 2.7% lower. The main TSE index TEDPIX rebounded by 0…
Barring Tehran, the housing sales news was encouraging across all Iranian provinces in the last fiscal year (March 2018-19). According to a report by the Persian daily Donya-e-Eqtesad citing…
