Business And Markets

Insurance companies are looking into damage caused by the  massive earthquake that struck southern Hormozgan Province off the Persian Gulf. Two strong tremors, the largest a 6.4, shook…

The Economy Minister Ehsan Khandouzi said he has asked banks to publish the names of big loan defaulters on a regular basis. In a note on his twitter account Sunday, Khandouzi said he has sent…

The managing director of Securities and Exchange Organization said the government appraises the resiliency of the stock market when selling new bonds. Majid Eshaqi said this in response to…

Foreign currencies stumbled on Monday for the second straight session in Tehran’s unofficial market after a two-week rally.   The dollar was down 1.25% or 3,500 rials for the day to settle…

Tehran share market was choppy on Monday as a rally in the opening hours soon turned into heavy sell-off by nervous investors. The main gauge of Tehran Stock Exchange, TEDPIX, shed 26,175.89…

The stock market has completed the operational framework to list startups, the Listing Deputy of Iran Fara Bourse, the junior equity market, said. “Now there is no barrier to listing startups…

The Governor of Central Bank of Iran Ali Salehabadi has expressed hope that increase in forex revenue would help control volatility in the currency market. Salehabadi said the regulator will…

Illegal cryptomining centers shut by the Iran Power Generation, Distribution and Transmission Company (Tavanir) used 3.84 trillion rials ($16.5 million) in subsidized electricity and inflicted…

Leaving behind a sell-off a session earlier, Tehran stocks opened higher on Sunday though sell-side pressure mounted in the middle of the session. The main index of Tehran Stock Exchange,…

The new head of the Iranian Privatization Organization (IPO) said the government needs true grit to put in place effective privatization policies that can deliver. In a meeting with private…

Insurance companies generated 602 trillion rials ($2.09 billion) through selling 38.5 million policies in the first seven months of Iranian year (started March 2021). Central Insurance company…

While currency market observers had expected a pause in the volatile currency market after a weeklong rally, forex rates continued to climb at the beginning of the trading week on Saturday.…

Tehran stocks opened trading week again under sell-side pressure as the government move to intervene in pricing cars produced by domestic companies weakened sentiment and added to uncertainty.…

With steep volatility in the bourse here to stay, the research deputy chief of the Majlis Research Center says much-needed stability in the market demands structural reforms at the macroeconomic…

The government proposal to put an end to subsidized forex currency in essence means it wants the Majlis to accept allocation of more cheap currency, a lawmaker says. Unofficial reports making…

The dollar reached 284,240 rials on Thursday in Tehran’s open market, the highest rate since the beginning of the calendar year in March 2021.

Tehran’s share market was bullish throughout last week as investor sentiment was buoyed by the government’s renewed pledges to support the bourse. The benchmark of Tehran Stock Exchange, TEDPIX…

As of Nov. 9, Russia has resumed regular flights to Iran as well as Bahamas, the Netherlands, Norway, Oman, Slovenia, Tunisia, Sweden and Thailand, which were interrupted due to the coronavirus…

The parliament on Wednesday approved a plan to rewrite rules and unambiguously criminalize online gambling and betting. Casinos and all types of gambling were banned in Iran after the 1979…

In a meeting with President Ebrahim Raisi late Tuesday economists again raised years-long concerns over the controversial procedures to allocate subsidized currency for import and ways to put a…

Forex and gold prices climbed on Wednesday extending the upward trajectory that started on Saturday.    The dollar closed slightly above 283,000 rials in Tehran’s open market,…

Tehran’s stock market closed trading week higher on Wednesday extending gains into the third session amid improved performance of small caps. The benchmark of Tehran Stock Exchange, TEDPIX,…

Senior economic, banking and capital market officials met on Monday to discuss ways to defend the financial markets.

The Guardian Council retracted an earlier decision by lawmakers that criminalizes exporters who are unable to repatriate their forex income.

The Tehran Stock Exchange benchmark Monday pared some of the last session’s loss to close in positive territory. The market cap-weighted TEDPIX, gained 3,499.96 points or 0.24% to end trade at 1…