Business And Markets

A recent study by the Majlis Economic Commission has recommended a new approach to the cryptocurrency industry to be able to use it in improving the economy.   The results the research,…

A steel company’s initial public offer was held on Wednesday, joining five other companies that went public last week. Sabzevar Pars Steel Complex is offering 15% of its stake comprising 600…

The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said. “Allocating subsidized currency creates the ground for rent-seeking and…

Foreign exchange rates on Tuesday pared most of loss incurred on Thursday and in the process lifted gold prices in the domestic market. The dollar advanced above the 270,000 level in Tehran’s…

Iran Power Generation, Distribution and Transmission Company (Tavanir) says whistleblowers helped in almost 20% of the total illegal cryptomining farm detections since the beginning of the…

Data released by the government indicates its budget earnings reached 2,630 trillion rials ($9.7 billion) in the first five months (March 21-August 22) of the current fiscal year. It said 1,495…

Insurance companies sold nearly 18 million life insurance policies in the four months of the current fiscal year that started in March, up 17.79% year-on-year. Life insurance accounted for 15.…

Currencies pulled back against the rial on Monday in Tehran’s market though some of the losses were pared later. The dollar briefly fell below the psychological 270,000 rials in the early hours…

Tehran stocks extended losses on Monday with the benchmark of Tehran Stock Exchange, TEDPIX, losing 1%. The market cap-weighted TEDPIX shed 14,709 points to plunge deeper below the 1.5 million…

Iran's National Tax Administration has called on financial experts, tech companies and labs to collaborate in improving the process of evaluating the quality of data collected from POS terminals…

Iran Fara Bourse, the junior equity market, plans to offer shares of a railroad company based on new rules guiding initial public offerings. Rail Pardaz No’Afarin Company is to go public on…

Data published by the Central Bank of Iran on Sunday suggest interbank rates have increased steadily for three weeks in a row. The rate presently stands at 18.5%, the highest since July 29. It…

Tehran’s share market on Sunday experienced its second biggest loss in six months as investors forayed to sell in the middle of the trading session. The benchmark of Tehran Stock Exchange,…

Iran Insurance Company, the largest and the only one owned by the government, has raised the ceiling for digital payment of third-party auto accident claims by 14 times, from 500 million rials…

The Industries Ministry intends to increase commodities offered at the Iran Mercantile Exchange, a deputy minister said. “The ministry has a vision to offer [more] goods via the IME,” Mohammad-…

The Iran Energy Exchange has so far sold “Capacity Certificate” worth 18.24 trillion rials ($70 million) since the financial instrument was first launched in February 2020. Certificates changed…

Closing unauthorized cryptomining farms to prevent blackouts remains on the agenda of the Iran Power Generation, Distribution and Transmission Company (Tavanir) as demand for electricity remains…

The government is set to allot the so-called Justice Shares to new eligible groups and those who failed to receive the free shares when they were first given to the public. The Minister of…

Banks and credit institutions gave 9,007.8 trillion rials ($33 billion) in loans in the first five months of the current fiscal year (March 21-August 22). Lending was 51.3% or 3,054.9 trillion…

Foreign exchange rates extended gains on Thursday after the dollar advanced above 270,000 rials a session before. The greenback closed more than 1% higher or 2,900 rials, reaching 278,200 rials…

Four members of President Ebrahim Raisi’s administration were sworn in on Wednesday for the Money and Credit Council, the top monetary and banking decision-making body. The council convened…

The forex market in Tehran was volatile on Wednesday as most foreign currencies posted gains reportedly spurred by expectations arising mainly from political developments. The dollar vacillated…

After two weeks of moderate success, the weekly bond auction, held by the Central Bank of Iran on behalf of the government, failed to attract buyers. The government barely sold 7.3 trillion…

The number of insurers in Iran, including reinsurance, life insurance and general insurance companies, is likely to reach 46 with the regulator saying that 13 new firms are getting ready to…

Given the torrent of new investors in the bourse in a relatively short period, the regulator has stepped up efforts to make indirect investment in the market attractive for investors lacking…