Business And Markets

Trade at the Iran Energy Exchange jumped in the ninth month of current fiscal year to December 22 compared to the same period last year. Energy carriers and commodities worth 111.35 trillion…

Trade via exchange-traded funds at Iran Fara Bourse (IFB) reached 1,983 trillion rials ($4.88 billion) in the first nine months (ended Dec 22) of the calendar year -- 147% higher on the same…

More than 496,000 checks bounced in the eighth fiscal month ending Nov. 22, up 2.4% on the previous month. The bad checks were worth an estimated 343 trillion rials ($844 million) – down 2.8%…

The Economy Ministry has detailed plans for raising the capital of state banks in which two specialized banks, namely Bank of Industry and Mine and Bank Maskan, are set to raise capital higher…

Tehran’s share market wrapped up the week on Wednesday up almost 10%.  Tehran Stock Exchange main index, TEDPIX, lost nearly 151,000 points or 10.09% in the week to end at 1,647,314.5.…

Reza Farzin, director of Bank Melli Iran, was appointed Thursday as governor of the Central Bank of Iran. He replaces Ali Salehabadi who as the helm for over a year during which the national…

Trade between Iran and African countries reached 2.65 million tons worth $1.41 billion during the first eight months of the current Iranian year (March 21-Nov. 21), registering a 53.55% and an…

The Organization for Collection and Sale of State-Owned Property says it has returned a part of seized cryptomining equipment to their owners after it was obliged to do so by the courts. …

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…

Tehran Stock Exchange's main index, TEDPIX, gained 25,564.68 points or 1.66% on Sunday to end at 1,563,567.43. The TSE equal-weighted index gained 1.42%. About 13.53 billion shares worth 79.1…

Higher interest rates seem inevitable but understanding the need, composition and rationale is of the utmost importance, Kamran Nadri, a monetary and banking commentator said “Deciding rates is…

The Tehran Stock Exchange reported growth in the ninth month of the current fiscal year, for the second successive month. In 22 sessions the main index of Tehran Stock Exchange, TEDPIX gained…

The Central Bank of Iran said banks and credit institutions gave 897.1 trillion rials ($2.32 billion) to knowledge-based companies in the first eight months of the current fiscal year (ends…

The Central Bank of Iran said it has raised the ceiling for the amount of local currency local residents and foreigners can hold when leaving and entering the country to 50 million rials (around…

Demands imposed on banks, tough procedural mechanisms plus the worsening economic climate are impeding the sale of excess bank assets rendering the task almost impossible, an economic analyst…

The Executive Board of the Central Bank of Iran said banks can raise the interest rate on certificates of deposit (CDs) up to 23%. Mostafa Qamari Vafa, head of the CBI public relations…

Tehran Stock Exchange's main index, TEDPIX, gained 41,802.36 points or 2.79% on Saturday to end at 1,538,003.22. The TSE equal-weighted index jumped 2.37%. About 12.71 billion shares worth 73.9…

The Cabinet on Wednesday approved a proposal calling for state-owned banks to raise their capital and enhance lenders' capital adequacy ratio, Economy Minister Ehsan Khandouzi said. 

Trade at the Iran Mercantile Exchange (IME) reached 6,937 trillion rials ($18.1 billion) in the first nine months of the calendar year to November 22. This was an all-time high and above the…

The weekly government bond auction held by the Central Bank of Iran barely generated 32.24 trillion rials ($83.7 million) as major buyers stayed away for the fifth week in a row.

An estimated 7 million gold coin bonds, the equivalent of 70,000 Bahar Azadi gold coins were sold in the capital market up until December 20 and are seen as pushing gold coin prices higher in…

The Central Bank of Iran has floated the possibility of raising  interest rates any decision must be first be approved by the Money and Credit Council MCC) before announcement. Economist…

Russia’s second largest bank, VTB, has launched a new service allowing both individuals and businesses to transfer money to and from Iran, the lender said, RT reported.

The Central Bank of Iran says it is concentrating on developing efficient supervisory tools. “The plan for promoting electronic banking and remote service started three decades ago at the…

The Money and Credit Council (MCC), the top decision-making body of financial and monetary markets, is expected to increase interest rates, an unnamed official was quoted as saying Tuesday.…