Data published by the Central Bank of Iran show lenders have performed reasonably better in reducing non-performing loans in the previous fiscal year that ended in March.
Business And Markets
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A recent study shows that insurance companies are now more interested in developing and offering innovative insurance services.
Gold traders will benefit from the new government decision to adjust value added tax on gold trade, head of the Mashhad Gold and Jewelry Union said. “VAT relief could encourage people to buy…
Tehran stocks opened on Sunday under renewed sell-side pressure, which partially eased in the later hours amid demand for some large caps. The main index of Tehran Stock Exchange, TEDPIX, shed…
The Securities and Exchange Organization has approved regulations for setting up public joint stock companies whose main function will be project funding. A “Project Public Joint Stock Company…
Three hundred investment funds operate in Iran’s stock market with about 10.2 million investors, an official with the Securities and Exchange Organization said. “These investors have opted for…
A Central Bank of Iran report said the government’s debt to the banking sector increased by 50.8% in the last fiscal year that ended in March. Government debt to the central bank reached 1,152.…
Tehran’s share market was choppy at the start of trading week on Saturday as a strong rally in the early hours weakened as trading session drew to a close. Despite mounting sell-side pressure…
The Central Bank of Iran in a report said that the monetary base has increased extraordinarily in the past several months largely due to government borrowing from the CBI.
A proposal by the Central Insurance company of Iran for removing the payout cap on third-party auto insurance loss of expensive cars has been approved by the government and sent to the…
Forty companies in South Korea that exported to Iran were paid part of their outstanding accounts last month. “We understand there were 40 companies in total who were paid back some outstanding…
The Central Bank Iran will continue to implement monetary policy to control the expanding money supply and harness inflation, the CBI governor said. Akbar Komijani said the economy is…
Funding in investment funds reached 100 trillion rials ($416 million) in the calendar month ending July 11, said an official with Securities and Exchange Organization. The inflow…
The average goods and services Consumer Price Index of “education” in the 12-month period ending June 21, which marks the end of the third Iranian month of fiscal 2021-22, increased by 22.3%…
The government has bought a total of 3.55 million tons of wheat worth 180 quadrillion rials ($721.87 million) from local farmers across the country so far this crop year, which shows a 30%…
More than 7 million tons of essential goods have piled up in the ports and customs offices across the country, says deputy head of the Islamic Republic of Iran Customs Administration, Mehrdad…
The eighth weekly bond auction held Tuesday by the government in the present fiscal year was again disregarded. Selling debt has to some degree helped the government plug its …
Forex rates declined on Wednesday in Iran as positive reports about Iran’s access to its overseas frozen assets weakened sentiment in the currency market. The dollar lost more than 1.2% or 3,…
Banks and credit institutions paid 4976.9 trillion rials ($20.2 billion) in loans to businesses in during the first three months of the current fiscal year that started on March 21. The lending…
Banks and credit institutions lent 127 trillion rials ($520 million) to 558 knowledge-based companies in the first three months (March 21-June 21) of the current fiscal year. Data released by…
The Central Bank of Iran has published rules for the establishment of credit rating firms. The companies are required to analyze clients' financial records and provide them reports on the…
The Securities and Exchange Organization is set to revise trading fees it charges investment funds to improve their efficiency. According Meisam Fadaee, the SEO deputy for supervising financial…
After rallying two sessions in a row, Tehran stocks went into correction phase on Tuesday as the benchmark of Tehran Stock Exchange failed to advance above the resistance level of 1.3 million…
Deals worth 187.3 trillion rials ($780 million) were handled in the spot market of the Iran Energy Exchange (IRENEX) in the first three months of the current fiscal year (March 21-June 21),…
A senior banker said economic and monetary authorities need to take into account the viability and practicality of their policies when setting economic targets.
