Business And Markets

Ministry of Energy has recently called authorized crypto miners to set up their own renewable energy at farm levels, allowing miners to use the national grid as a backup when renewable output is…

A day after rationing gasoline the stock market in Tehran opened trading flat on Saturday amid rising prices for refinery equities and steep fall in auto stocks.  The market opened in…

Sale of gasoline on the Iran Energy Exchange will not be affected by the government decision on Friday to increase fuel prices and assign quotas, the managing director of IRENEX said.  “…

The foreign exchange market in Tehran was in turmoil on Saturday amid investors' pessimism over the prospect of another burst in prices, namely currency prices, after the implementation of…

New US sanctions and major reinsurance companies' aversion to play their proper role has deprived the country of the ability to transfer major risks outside its borders and to the top…

Tehran Stock Exchange’s benchmark, TEDPIX, rose 126,435 points since the beginning of the current fiscal year (March 20) to stand at 307,094 as of November 13, indicating 71.89% growth. …

More than 2.26 billion transactions worth 2,534.9 trillion rials ($22.5 billion) were processed through Shaparak, Iran’s payment settlement network, during the last calendar month to October 22…

Currency rates in Tehran’s market have been rising since last week after more than three months of relative calm.  The US dollar changed hands for about 116,500 rials on Thursday, up 40,…

Addressing concerns over high electricity prices for legal crypto mining operations, Iran's Ministry of Energy said Wednesday that it has modified the tariffs  for authorized miners based…

Using one-time password is expected to significantly reduce the possibility of phishing attacks, says the governor of the Central Bank of Iran.  Abdolnasser Hemmati said the OTP is…

The main index of Tehran Stock Exchange TEDPIX gained 438.76 points, or 0.14%, on Wednesday to end trading week at 307,094.1. About 2.21 billion shares valued at 11.55 trillion rials ($100.92…

The Money and Credit Council approved the outlines of a plan to streamline policies and procedures for recapitalization of manufacturing units. Proposed by the Central Bank of Iran, the plan is…

The online enrollment for the government-backed housing development project, the so-called “National Housing Project” started on Saturday. However, the question which has not been clearly…

Insurance companies generated 66 trillion rials ($584 million) from life insurance policies in the last fiscal year (ended March 2019), indicating 42.3% increase compared to the year before.…

Tehran stocks closed trading in positive territory on Tuesday amid rising demands for equities mainly in bank, chemical, auto and base metal group.   The benchmark of Tehran Stock…

Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters.  Banks and credit institutions shuttered 438 branches since the…

A monthly report by the Central Securities Depository of Iran shows that the value of exchange-traded funds crossed 184 trillion rials ($1.6b) by the end of the last calendar month to October 22…

Soon after a call by President Hassan Rouhani, the Central Bank of Iran has published a report on its website that sheds light on the amount of subsidized currency allocated for importing…

There are more than 22,000 bank branches in Iran, about half of which are not needed, a deputy minister of economy said on Sunday.   Abbas Memarnejad, the deputy economy minister for…

The main gauge of Tehran Stock Exchange slipped Sunday amid lack of fundamental drivers that could bolster the market.  Reports say the benchmark fell more than 3,063 points, or 1%, to 302…

The CEO of Kish Free Zone said the ground has been paved for opening the first international stock exchange in Iran’s Free Trade Zones.  The new bourse is planned to open during the Ten-…

The government will issue 49.9 trillion rials ($442 million) in Manfa’at Sukuk securities for its budgeting needs for this fiscal year (March 2019-20).    Bonds will be issued on the…

Total deposits with banks and credit institutions reached 22,165 trillion rials ($195 billion) during the fourth month (June 22- July 22) of the current fiscal year indicating 26.9% annual…

A review of the performance of financial markets in the first six months of current fiscal year (March 21- Sep. 22) shows that the stock market outperformed others in terms of both value and…

Governor of the Central Bank of Iran says making the one-time password mandatory for banks is not possible now due to the problems of both lenders and customers.  In an Instagram post late…