Business And Markets

The number of bad checks has declined by half thanks to the new check rules, according to an official with the Central Bank of Iran. In a talk with IRIB news, Ameneh Nadali-Zadeh, the deputy at…

An investment company affiliated to the Civil Servants Pension Organization (CSPO) held an initial public offering on Wednesday at Iran Fara Bourse, the junior equity exchange. The Investment…

Iran's Securities and Exchange Organization has no plan for hosting cryptocurrency trade in the capital market, head of the organization said. "The SEO [so far] does not have plans for the…

Extending a week-long rally at Tehran foreign exchange market, the dollar advanced above the 260,000-rial level to reach the highest level in nine months. The American currency closed at 265,…

Tehran stocks closed trading week Wednesday higher amid a buying frenzy that has been pushing up market indicators. The benchmark of Tehran Stock Exchange, TEDPIX, gained 30,778.64 points and…

The ascending order of forex rates in Tehran continued on Tuesday with the dollar moving above 260,000 rials in the open market. The greenback climbed more than 1.7% or 4,400 rials and was…

Tehran stocks made one of the biggest advances on Tuesday, rising for six successive sessions amid the spike in currency rates that have apparently fuelled demand for most commodity shares. The…

The Central Bank of Iran continues to implement open market operation to curb the excess liquidity of lenders in the interbank market. During its weekly implementation of OMO, the CBI conducted…

The nationwide payment network, Shaparak, processed 3.37 billion transactions worth 5,605 trillion rials ($21.47 billion) during the Iranian month to July 22 – up 2.04% in volume and 1.42% in…

The fifth wave of the Covid-19 pandemic infected over 40,800 Iranians and left 580 dead on Monday, the country’s largest single-day rise in cases and mortalities. For the first time since the…

Foreign exchange rates increased for the third consecutive session on Monday with the dollar quoted as high as 258,500 rials in Tehran open market. The domestic bullion market however, was down…

Liability insurance policies account for about 5% of insurance firms' annual premium income and experts believe that the category has the potential to play a bigger role in insurers' portfolios…

On the 61st anniversary of foundation of Central Bank of Iran, its governor Akbar Komijani hailed the efforts to counter what he described as an “economic war”.

Banks have received 100,000 requests for credit cards for which Justice Shares can be used as collateral, an official with the Central Security Depository of Iran (CDSI) said.

The number of bad checks have increased in the calendar month to June 21 three months after enforcement of stringent new rules to help improve credibility of check transactions. Data released…

Iran Fara Bourse, the junior equity market in Tehran, launched an internet TV on Sunday to help improve the financial literacy of stock market investors. The ITV “Vachar”, is borrowed from the…

Demand for large caps boosted the Tehran stock market on Sunday following a lukewarm session a day earlier. The main index of Tehran Stock Exchange, TEDPIX, gained 10,100 points or 0.72% to end…

The managing director of Iran Mercantile Exchange in a letter to banks announced that the IME is willing and able to help them divest their non-financial assets. Addressing managers of 27 state…

The Iranian National Tax Administration has prepared a draft proposal for taxing cryptocurrency exchanges and called on the relevant regulatory bodies to pave the way for legalizing the crypto…

After eking out a 7% gain a week before, Tehran stocks started a lukewarm session at the beginning of trading week on Saturday. The main index of Tehran Stock Exchange, TEDPIX, gained 1,718.18…

Assets owned by banks reached 84,606.4 trillion rials ($338 billion) by the end of the previous quarter on June 21, 50.3% higher y/y. Foreign assets grew 60% y/y from 12,586.4 trillion rials ($…

While parallel markets were rather lukewarm in the last trading week, Tehran’s share market was in upbeat mode in the working week ending Wednesday.

The Central Insurance company of Iran, the regulatory body of the industry, issued permission for the establishment of a general insurance company last week to improve and expand services.

Central Bank of Iran data shows despite decline in growth of sight deposits, depositors are keen about keeping their money in banks so long as term interest rates on deposits and sight deposits…

The Central Bank of Iran says broad money supply and the monetary base increased sharply in the first quarter (March 21-June 21) of this fiscal year largely due to the omnipresent deficits and…