Business And Markets

Insurance companies paid 62.2 trillion rials ($207.3 million) to agents in the last fiscal year (ended March 2021), marking 44.2% growth compared to the year before. The Central Insurance…

Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages.

Central Bank of Iran is to unveil an instant payment system which will replace the existing card-to-card transfers. 

Unlike banks, payment service providers (PSPs) are concerned…

Tehran stocks were mixed on Tuesday as most small-size companies gained while blue chips faltered.  The equal-weighted index of Tehran Stock Exchange gained more than 0.5%. This index…

Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments. 

In a meeting with CEOs of state-owned banks on Tuesday the Economy Minister Ehsan Khandouzi instructed them not to arbitrarily raise lending rates. Khandouzi said the rates lenders charge on…

The Central Bank of Iran’s latest data on Tehran’s housing market show sales are picking up alongside prices.  During the ninth fiscal month (Nov. 22-Dec. 21), a total of 9,772 homes were…

The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Monday unveiled an electronic platform for issuing smart commercial cards. The Minter of Industry Reza Fatemi Amin,…

Data released by the Central Bank of Iran show that money supply grew at a slower pace in the Iranian calendar month ending Nov 21 compared to the month before.  Broad money stood at 43,…

The Energy Ministry has announced new rules for supplying cryptominers electricity generated from renewable power plants. 

Private business leaders met the Governor of Central Bank of Iran Ali Salehabadi on Sunday at the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) to discuss their problems…

The government is to sell a part of its shares in Tehran's two main football clubs, Esteghlal and Persepolis, in an initial public offering slated for next February, head of the Iran…

Tehran Stocks paused on Sunday bucking a rising trend that lasted for four sessions as investors tried to save past gains in the sideways market.  The benchmark of Tehran Stock Exchange,…

Iran Insurance Company, the largest and only firm owned by the government, has eight major projects in the pipeline to raise transparency of its operations cut losses. 

Tehran’s stock market opened trading week Saturday on a relatively stronger note, extending a winning streak into the fourth session.  The main gauge of Tehran Stock Exchange, TEDPIX,…

Iran Power Generation, Distribution and Transmission Company, Tavanir, has asked authorized cryptomining centers to suspend their activities to prevent possible blackouts during winter. 

Businesses borrowed 17,274.3 trillion rials ($57.5 billion) in the first eight months of current fiscal year (March 21-Nov 20).   Compared to the same time last year, loans increased by 6,…

The Central Bank of Iran has again called on banks to observe regulations governing interest on deposits.  Lenders must pay 10%-18% on term deposits as per rules approved by Money and…

After successive lukewarm weeks and underperformance, major indicators in Tehran’s stock market eked out robust gains in the week ending on Wednesday as sentiments were  buoyed by fresh…

The reported government move to eliminate forex subsidies for import of basic goods would pose importers with new  liquidity problems, businesspeople say.

The government has…

President Ebrahim Raisi has a positive view about regulating cryptocurrencies, said Mohsen Rezaei, the vice president for economic affairs, adding that new regulations would be finalized by…

Goods and commodities worth an estimated 665 trillion rials ($2.2 billion) were sold in the spot market of the Iran Mercantile Exchange in the last calendar month that ended on Dec. 21.  …

European companies can end contracts with Iranian firms pressured by US sanctions if upholding the deals would lead to "disproportionate economic loss," the EU's top court said on Tuesday,…

Extending a winning streak into the third session, most companies in Tehran’s share market eked out gains at the end of trading week on Wednesday.  The main index of Tehran Stock Exchange…

The Central Bank of Iran has told banks and credit institutions to prepare the conditions to provide services to checkbook holders via automatic teller machines (ATMs).  ATMs ease access…