Banks have significantly cut borrowing from the Central Bank of Iran as the numbers declined more than 40% compared to the same period last year, the CBI governor said. Instead of borrowing…
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.
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Brokerage companies handled 4,525 trillion rials ($37 billion) worth of stock market trade during the first eight months of the current fiscal year (March 21, Nov. 21) and 29% of the total…
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The main gauge of Tehran Stock Exchange climbed 0.48% on Monday to extend a winning streak into the eleventh day. TEDPIX gained 1,524.32 points for day to finish trading session at 320,…
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The Central Insurance company of Iran has released data about the solvency of insurance firms based on their performance in the previous fiscal year (ended March 2019).
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Iran launched the first ever fund of funds (FOF) on Sunday as part of measures to promote knowledge-based companies. The FOF is named ‘Setaregan’ (stars in Persian) and started operation…
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Life insurance henceforth will not be tax exempt, the head of Iran National Tax Administration told reporters following a meeting with Iranian Insurers Syndicate.
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Economy Minister Farhad Dejpasand unveiled an online system that tracks surplus assets owned by banks and credit institutions. The mechanism logs data on 18 banks, both private and state-…
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The main gauge of Tehran Stock Exchange gained more than 4,000 points on Sunday to claw back to the seven-week high of 318,000 points for the day, marking the biggest rally since the beginning…
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Insurance penetration in Iran has been rising steadily over the past years, according to the head of the Insurance Research Center, affiliated to the Central Insurance company of Iran. “…
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The main gauge of Tehran Stock Exchange climbed more than 1% on Saturday to register its biggest rally in a month (since Oct. 30). TEDPIX gained 3,357 points to close trading at 314,587.8.…
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Six European countries, namely Belgium, Denmark, Finland, the Netherlands, Norway and Sweden announced in a joint statement on Friday their intent to join the Instrument in Support of Trade…
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Despite persistent calls by economic experts and academia on the government to scrap subsidized currency allocations, it appears that the controversial forex policy to pay for importing basic…
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The newly appointed head of Iranian Privatization Organization- the state-run body overseeing the sale of state-owned companies, has pledged to use the stock market’s capacity in divesting the…
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The Statistical Center of Iran has published its latest figures concerning construction permits, showing that the number of permits issued decreased across the country in the first quarter of…
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Iran’s capital market plans to develop a new index to track and evaluate the performance of startups and knowledge-based companies, says the CEO of Iran Fara Bourse, the over-the-counter stock…
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The Money and Credit Council - a top body in charge of making monetary and banking decisions - approved a plan dubbed as the ‘productive credit certificate’ better known by its Persian acronym…
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During the month to November 22, more than 2.453 million tons of goods worth 108 trillion rials ($915.2 million) changed hands at the Iran Mercantile Exchange. The traded goods registered 16%…
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The main index at the Tehran Stock Exchange crossed the psychological level of 310,000 points on Wednesday after six weeks. TEDPIX gained 1,586.70 points, or 0.51%, for the day to end…
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Price of the US dollar rose 2.45%, or 2,950 rials, on Tuesday to reach 123,480 rials in the Tehran market. Each euro was worth 135,440 rials, registering 1.79% or 2,440-rial growth compared to…
Business-And-Markets
Benchmark of the Tehran Stock Exchange gained 1,166.43 points to 309,643.6 on Tuesday to send TEDPIX 0.38% higher for the day. Almost 3.42 billion shares worth 16.85 trillion rials ($140.4…
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During the calendar month to October 22, approximately 618,000 checks worth 103 trillion rials ($845 million) bounced, according to a report by the Central Bank of Iran. The figure is…
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Tehran’s home prices keep on falling despite the rise in the number of deals in the month leading to Nov. 21 compared with the preceding month, the Planning and Housing Economy Office of the…
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The Energy Ministry's recently-announced discounts on power rates for authorized cryptocurrency miners seems to be not enough for making the business financially feasible. In fact, some miners…
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With the launch of one-time password for debit cards on December 22, all static passwords will be deactivated, the vice central bank governor for innovative technologies, said. …
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Tehran Stock Exchange continues creeping upward to extend growth for the sixth straight day on Monday. TSE's main index TEDPIX gained 2,703.15 points, or 0.88%, for to end trading…
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