Business And Markets

The government’s income forecast from selling stakes in listed companies has declined sharply in the proposed 2022-23 budget. It expects to generate 710 trillion rials ($2.3 billion) from its…

The pressure from sellers of blue chips eased in Tehran’s share market on Tuesday, but majority of penny stocks were hit by the unrelenting sell-off. The market-cap weighted benchmark of Tehran…

Iran Fintech Association, a non-government society formed by founders of fintech applications, has again voiced opposition to the recently announced restrictions on financial  facilitators…

Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget. This is 25% higher on…

Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains. The dollar lost the psychological 300,000 rials support level and retreated to 298,…

Tehran shares Monday extended the long streak of losses  amid mounting pressure from sellers that put the benchmark of Tehran Stock Exchange to where it was five months ago. The market cap…

Russian President Vladimir Putin lamented the fall of the Soviet Union and said he worked an extra job as a taxi driver after its collapse to make ends meet.

The share of housing in the Iranian households’ spending budget has reached an unprecedented high.  According to official statistics, households living in urban areas spent an average of…

Insurance companies are required to collect 5 trillion rials ($16.6 million) from third-party auto insurance policies in the next fiscal year.

The government has allocated 1,000 trillion rials ($3.4b) to help compensate the elimination of subsidized foreign currency in the 2022-23 budget. Scrapping the controversial forex subsidies is…

Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.

The main index of Tehran Stock Exchange, TEDPIX, lost another 1.78% on Sunday amid unrelenting sell-side pressure in all share categories. The benchmark shed 23,679.64 to end trade at 1,320,761…

A look at the government’s proposed budget for March 2022-23 shows if passed it should be propitious for the struggling stock market. The budget draft seems advantageous for the bourse in six…

Shaparak Company, affiliated to the Central Bank of Iran and in charge of supervising the domestic payment network, is working on a new model for assessing and rating payment service providers (…

The Central Bank of Iran said it has put into effect major parts of the Check Issuance Law, outlining a timeline for enforcing the remaining segments.

Sell-side pressure again hit the Tehran stock market on Saturday paring much of the gains in the previous session.    The main index of Tehran Stock Exchange, TEDPIX, lost 4,941.46…

Data released by the Central Bank of Iran shows check transactions declined remarkably in the month ending Oct 22. More than 5.4 million checks worth 2,005 trillion rials ($6.7 billion) changed…

This week’s decision by the government to tax forex trade does not include people who buy currency for personal needs, a deputy head at the Iranian National Tax Administration said. On…

After three consecutive weeks of losses, Tehran stocks bucked the declining trend in the week (ending Wednesday) making slight gains despite the pattern of capital outflow. The benchmark of…

Ghadir Industry and Investment Development Company, better known as the “Cement Holding of Ghadir Investment” conglomerate, is to make its first stock market debut on Saturday.  

Saman Insurance Company, affiliated to Saman Bank, has become the first domestic company to offer ‘pay as you drive’ auto body insurance cost. According to a press release seen on the company's…

The Iranian National Tax Administration announced Wednesday that henceforth currency trade will be taxable. In a press release posted on its website, INTA said that the decision is part of the…

The government bond sale stumbled again on Tuesday as banks refused to partake and purchase of stock market investors was insignificant.   Total bonds sold by the Central Bank of Iran was…

Tehran stocks rallied on Wednesday led by shares of auto companies as reports about rise in prices of domestic cars boosted sentiment. The benchmark of Tehran Stock Exchange, TEDPIX, gained 11,…

The Central Bank of Iran will launch an electronic trade platform to register retail demand for foreign currency, the governor Ali Salehabadi said. Salehabadi was speaking during a rare tour of…