Business And Markets

A total of 122 domestically-made and overhauled rolling stock worth 3.66 trillion rials ($13.28 million) joined Iran’s rail fleet on Wednesday, during a ceremony attended by Minister of Roads…

Taking stock of the negative impact of higher interest rates on the capital market and the economy, the minister of economy in Tehran denied recent reports about the possibility of such a move…

Tehran Stocks edged up into positive territory in the last day of trading week Wednesday after five consecutive sessions of bear market.

Currency rates paused Wednesday in Tehran after gaining in three straight sessions. The dollar was quoted 274,000 rials in the open market, down 0.9% compared to the earlier session. It was…

Of the 51 trillion rials ($188 million) in bonds offered at the weekly auction in Tehran on Tuesday investors bought only 3.5 trillion rials ($13m) -- another sign of changing investor…

A megamerger involving five military-affiliated banks and credit institutions will be finalized in a month, the governor of the Central Bank of Iran said.  Ansar Bank, Bank Hekamat Iranian…

Foreign exchange rates gained against the rial for the third straight day contrary to expectations about further decline and the prospects of a stronger rial following optimisms about ease of…

Total outstanding bank loans rose by 5,712.5 trillion rials ($21 billion) to 21,801.8 trillion rials ($80 billion) by the end of the Iranian month to August 21. That was 35.5% higher compared…

Retail traders in Iran's bourse have taken out 400 trillion rials ($1.4 billion) after the chaotic market started to nosedive since mid-August.  While a slew of neophytes flooded the…

Foreign exchange rates increased again Monday, with the dollar recording gains for the second day in a row. The Central Bank of Iran, however, said it expects further decline in rates. 

Despite significant growth in trade value, Tehran stocks again closed Monday in negative territory as sell-side pressure outweighed demand.  The main index of Tehran Stock Exchange, TEDPIX…

With consumer price inflation galloping again in the last Iranian calendar month (Sept.22-Oct.21), the Central Bank of Iran in a report examined key factors pushing up prices and ways to control…

Day trading will resume Tuesday after Tehran Stock Exchange authorities earlier banned the practice to entice investors to adopt ‘a buy and hold’ approach.  In a notice published on its…

Tehran stocks continued to plummet on Sunday as the bruising sell-off drags on and investors show little or no interest, nothing to say about their lack of empathy. The main index of Tehran…

Gold prices swung like a pendulum Sunday in Tehran despite the certainty expressed by analysts that the fluctuations will fade soon and prices will continue to fall. 

The Central Bank of Iran is struggling to curb the high foreign exchange rates as best as it can through its affiliated exchange bureaus.  Over the past week the dollar has been of the…

Iranian insurance companies are working to develop an integrated insurance market platform, to help insurers efficiently transfer risks to reinsurance companies.  The integrated market is…

The Central Bank of Iran condemned a Bahraini court verdict convicting Iranian banks for alleged money laundering saying that it "lacks legal basis".  In a press release posted on the CBI…

The rial erased earlier losses in Tehran on Saturday as the dollar dipped and panic selling continued.  Impacted by updates on the presidential elections in the United States, the…

Downturn in the currency market extended to share prices in Tehran, particularly those of export-oriented companies.  The main index of Tehran Stock Exchange, TEDPIX, lost 27,684, shedding…

Privatization of Tehran's two top football clubs, Esteghlal and Persepolis, will be finalized by the end of December, the Minister of Sports and Youth Affairs Masoud Soltanifar was quoted as…

Foreign exchange rates plunged in Iran’s currency market on Thursday amid nervousness over the fate of the US presidential election.  Panic-selling was reported as initial results of the…

Data released by the Central Bank of Iran indicate that bonds worth a total of 1,021.5 trillion rials ($3.8 billion) were sold during the first six months of current fiscal year.  Bond…

Tehran’s stock market picked up on Wednesday on relative optimism among investors as they approached the shares of export-oriented companies, mostly commodity stocks. 

The Central Insurance company of Iran, the body in charge of regulating the industry, announced that four new insurance companies will open soon  "Investors are interested in starting…