New regulations governing value added tax on gold trade will come into effect in January, the vice president of the Tehran Gold and Jewelry Union said. Mohammad Kashti-Aray told the state…
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.
The Central Insurance company of Iran is set to rank insurance companies based on new criteria to help promote competition in the gradually growing market. Gholamreza Soleimani, the CII head,…
Tehran’s share market was lukewarm on Tuesday with the main gauge of Tehran Stock Exchange, TEDPIX, shedding 4,365.33 points to fall 0.33% and close at 1,337,987. The TSE’s equal-weighted index…
The Governor of the Central Bank of Iran Ali Salehabadi said access to foreign currency is improving gradually. “CBI’s access to forex resources has improved meaningfully in the present fiscal…
Transactions processed by the electronic card payment network, Shaparak, increased 11.86% on a monthly basis to 6,677 trillion rials ($23.8 billion) in the month ending Nov. 21. More than…
Using renewables would be the best available alternative for cryptominers in Iran insofar as power consumption is concerned given their growing demand for electricity, an official with the Iran…
After a short-lived rally a session earlier, sell-side pressure picked up again in Tehran’s share market on Monday, paring early hour gains. The benchmark of Tehran Stock Exchange, TEDPIX,…
Latest data released by the Statistical Center of Iran show the pace of runaway inflation in Tehran’s housing market is easing. Tehran’s housing Consumer Price Index in the 12-month period…
Listed firms reported an average 59% increase in sales in the last calendar month to Nov.21 compared with the corresponding month a year before.
The government has agreed to again extend the loan repayment timelines for troubled manufacturers, the Economy minister said. According to Ehsan Khandouzi, the National Coronavirus Headquarters…
Supply of foreign currency to the regulated wholesale market and the secondary forex market known as Nima increased in the current fiscal year (started March), an official with the Central Bank…
Insurance companies generated 630 trillion rials ($2.1 billion) in premium income in eight months to Nov 22 up 43% on the same period last year, the head of the Central Insurance company of Iran…
Tehran stocks closed higher on Sunday bucking a declining trend that lasted for four consecutive sessions as spike in currency prices stimulated demand for commodity stocks. The benchmark of…
The currency market in Tehran was highly volatile on Saturday, apparently riven by negative political developments that sent forex and gold prices to the highest in past 14 months.
Iranian and Russian companies are gradually trading in their national currencies, the chairman of the Russia-Iran Business Council (RIBS) said. "The mechanism for payment in national currencies…
Tehran stocks Saturday extended a long losing streak that has lasted for four straight sessions. However, sell-side pressure on large caps relaxed at the close of trade following the spike in…
Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari on Saturday criticized the government for its intervention in the stock market. Khansari singled out…
Iran's external debt stocks amounted to $5.451 billion in 2020, posting a year-on-year growth for the first time since 2010, according to World Bank Global Debt Report 2022. Total external debt…
Banks will give new loans to households impacted by the Covid-19 pandemic, the economy minister said. Ehsan Khandouzi said Qarzol-Hasana (interest-free) loans worth 100 million rials ($345)…
The Central Bank of Iran said its next step toward controlling broad money will be robust monitoring of lending by banks. The regulator wants to tap existing electronic platforms to control…
Tehran stocks ended trading week bearish extending the spate of losses into the third week as sell-side pressure reused to abate and capital outflow continued. The benchmark of Tehran Stock…
TehranRuck Reinsurance Company has issued a subscription notice to sell shares. In a notice seen on Iran Fara Bourse website, investors can subscribe for the shares from Saturday for 15 days.
The Securities and Exchange Organization has ordered listed banks and credit institutions to incorporate data on investment in shares and bonds in their monthly financial reports. Prior to this…
The government plans to sell 58.4 trillion rials ($201 million) in bonds at the weekly auction next week. Maturity dates are October 2022 and October 2023, according to a notice on the Central…
Loan-to-deposit ratio (LDR) stood at 81.2% during the calendar month ending August 22, according to data released by the Central Bank of Iran. It was 1 percentage point higher on the…