Business And Markets

Tehran stocks closed trading week on Wednesday under unabating pressure from sellers and extended the losing streak into the third session. The main gauge of Tehran Stock Exchange, TEDPIX, lost…

Data released by the Central Bank of Iran show broad money surged 42.8% in the 12 months to Oct. 22. Broad money was in the region of 42,275 trillion rials ($150 billion) up 21.6% in the first…

Foreign exchange rates declined in Tehran’s free market on Tuesday, mostly under the influence of positive reports related to the new round of Iran’s nuclear talks in Vienna. Eghtesadnews…

Of the total 12.5 million active retail payment gateways in Iran, only half have tax records, the deputy chief of the Iranian National Tax Administration said. Mahmoud Alizadeh told state TV an…

Stocks closed on Tuesday mainly lower with the benchmark of Tehran Stock Exchange losing 0.5%. The market cap-weighted TEDPIX shed 6,845.61 points to end trade at 1,357,093. The equal-weighted…

The Plan and Budget Organization has proposed 21,120 trillion rials ($75 billion) in the March 2022-23 fiscal budget for government-controlled companies and state banks. This is 34.4% higher…

The government will relinquish its remaining shares in the Persian Gulf Petrochemical Industries Company (PGPIC), head of the Iranian Privatization Organization said. “The IPO plans to hold an…

Iran Blockchain and Cryptocurrency Association has started operating under the supervision of Iran Chamber of Commerce, Industries, Mining and Agriculture.

Tehran stocks closed Monday in negative territory as sell-side pressure continued. The benchmark of Tehran Stock Exchange, TEDPIX, shed 4,164.21 points or 0.3% to close trade at 1,363,840.

The Central Bank of Iran’s latest data on Tehran’s housing market show sales are picking up after a slump.  During the eighth fiscal month (Oct. 23-Nov. 21), a total of 7,304 homes were…

The Trade Promotion Organization of Iran will offer 15 trillion rials ($53 million) in incentives in the next fiscal year starting in March 2022, the TPO head said. “The TPO has held talks with…

Interbank rates have been declining over 14 straight weeks reaching 21.09% on Thursday, the highest in one year. The rate was 19.9% in late March before declining to 17.95% on July 8, the…

Tehran stocks had an uneventful session on Sunday as millions of retail traders stood back as a precautionary measure. Amid the retail investors’ wait and see approach, retail trade extended…

Banks and credit institution henceforth must submit a copy of the loan contract to borrowers, the Central Bank of Iran said.    The copy must bear the same legal value as the original…

Banks and credit institutions paid more marriage loans in the present fiscal year (started in March), said the head of public relations department of the Central Bank of Iran.

The Central Bank of Iran has ordered moneychangers to stop selling cheaper currency to people with unspecified needs. It said the regulator will continue allocating forex for 25 services,…

Vice-President Mohammad Mokhber on Saturday announced the launch of the Natural Disaster Insurance Fund, after it was approved by the cabinet. The Majlis approved the establishment of the long-…

Extending a long losing streak, Tehran stocks opened Saturday under fresh selling pressure, registering the biggest daily loss in the past month. The benchmark of Tehran Stock Exchange, TEDPIX…

The government has prepared a new bill to regulate the work of cryptocurrency mining centers. Observers, however, say the new bill has failed to address drawbacks and deficiencies in the…

The government has delayed the plan to eliminate forex subsidies for basic goods, the Economy Minister Ehsan Khandouzi said.

Export companies sold $18.1 billion in foreign currency in the secondary foreign exchange market, known locally as Nima, in the eight months (March 21-Nov.20).  The amount was $10.7…

Tap30 company, a ride hailing app in Iran, is planning to go public becoming the first of its kind in Iran to trade on the share market.  ICT Minister Isa Zarepour said Wednesday that the…

The Securities and Exchange Organization has announced new guidelines raising the minimum capital of financial institutions operating in the capital market. This was communicated to investment…

The government plans to issue 400 trillion rials ($1.4 billion) in bonds in the four months before the end of the fiscal year in March. According to a press release of the Economy Ministry,…

The US dollar gained 1.6% or 4,700 rials and was traded at 290,030 rials in Tehran’s open market on Wednesday, the highest since March. Bank-affiliated moneychangers sold demanded 271,540 rials…