Business And Markets

Large cap stocks eked out gains at the opening of trading week on Saturday after lukewarm performance in the past few sessions.  Increase in demand for metal and petrochemical stocks…

Ghavamin Bank, affiliated to Iran's Law Enforcement Forces (LEF), has officially merged with the state-owned Bank Sepah to become the fourth bank to complete the merging process.  CEO of…

Central Bank of Iran has forecast lower consumer price inflation in the coming weeks in light of relative stability in financial markets and key monetary variables.

Ayandeh Bank, a leading private bank, plans to sell the giant Iran Mall complex in the capital Tehran in line with the legal mandate to relinquish non-banking activities.  Iran Mall is a…

The Governor of the Central Bank of Iran says importing the Covid-19 vaccine is more complicated than procuring other medical needs.  Abdolnasser Hemmati said the problem is largely about…

The Majlis Research Center has looked into the performance of banks in the first quarter of the current fiscal year (March 20- June 21).   It covers, among other things, issues related to…

The new law governing check transactions will be implemented in phases to facilitate a smooth transition, the Central Bank of Iran said.  Groundwork for executing the check law is ready,…

Iran's stock market regulator allowed three companies to go public in the past week and more are poised to hold initial public offers in the weeks as the market started showing signs of recovery…

The government will repay $600 million as part of its foreign debt in the next fiscal year. The amount is projected in the proposed March 2020-21 budget bill, according to a press release of the…

The government sold 22.5 trillion rials ($88 million) in bonds at the weekly auction on Tuesday -- up 15% compared to the previous week sale.  As per a press release posted on the Central…

Insurance companies paid 26 trillion rials ($104 million) to hospitals and medical centers mostly to compensate medical bills related to Covid-19, head of the Central Insurance company of Iran…

The benchmark of Tehran's stock market plunged deep into the red on Tuesday but upbeat performance of a giant listed copper company later in the day wiped much of the losses. 

The Majlis Research Center says overestimation of government revenues in the last fiscal budget (March 2019- 20) is the origin of galloping inflation. 

The Central Bank of Iran needs to concoct intermediate policies to be able to adjust to negative supply shocks and control monetary supply, the bank’s governor said.  Speaking on state TV…

The government has estimated 10 trillion rials ($38.46 million) for the procurement of coronavirus vaccine in the budget bill of the next fiscal year (March 2021-22), an official with Plan and…

The gross domestic product of Iran’s construction sector, which is the sub-sector of “industries and mining, sans oil” group, witnessed a 5.4% expansion in the second quarter of the current year…

Iran Insurance Company (IIC) and ISACO, a major auto aftersales services company affiliated to Iran Khodro (IKCO), signed a deal on Monday to develop a joint platform for digitizing claims…

The Governor of the Central Bank of Iran Abdolnasser Hemmati said efforts to transfer money for buying the coronavirus have been futile due to United States economic siege.  In a note…

Iran Fara Bourse, the junior equity market, hosted a subscription for units of a private equity fund on Monday -- the second of its kind. 

Tehran stocks opened trade on Monday in positive territory only to jump later into the red under sell-side pressure.  The main index of Tehran Stock Exchange, TEDPIX, gained 10,000 points…

Tehran stock market extended a winning streak on Sunday with the benchmark of Tehran Stock Exchange climbing above 1.5 million points as positive developments boosted sentiment.    

Foreign exchange and gold prices in Tehran saw no significant swing for the second successive day. The US dollar gained 0.38% or 1,000 rials on Sunday and bought 258,000 rials in the open market…

The nationwide payment settlement network, Shaparak, processed approximately 2.76 billion payments worth 4,379.55 trillion rials ($16.8 billion) in the calendar month to Nov. 20. Transactions…

The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget.  As per the draft…

After lukewarm performance in the past two sessions, small and large cap stocks gained on Saturday amid noticeable support from institutional traders.     The market-cap weighted…