The Majlis Commission for Article 90 has asked the economy minister to provide details of the megamerger involving five military banks and the state-owned Bank Sepah in December.
Business And Markets
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Lawmakers are studying a proposal by the government and the Central Bank of Iran to slash four zeros off the national currency and switch the national currency from the rial to toman.
Tehran Stock Exchange benchmark staged a broad rally on dovish signals from the ongoing nuclear talks between Iran and P5+1 to register a three-month high at Sunday's close.
To streamline tax regime and improve collections, the Central Bank of Iran says about 8.5 million point-of-sale terminals and payment gateways are now connected to electronic portals of the…
President Hassan Rouhani on Sunday instructed the Central Bank of Iran to improve transparency in allocating foreign currency for imports. “The CBI must make public data on forex…
Iran Power Generation, Distribution and Transmission Company (Tavanir) shuts almost 50 illegal crypto farms every day as it tries to alleviate the worsening power shortages, the company…
The Central Bank of Iran issued an update Saturday on interbank lending rates indicating that the rates are of the declining order. It said the rate now is 17.95% down from 18.12% registered…
Top economic officials from South Korea and the United States reached agreement over cooperating on the issue of Iran's funds frozen in Seoul, the South Korean Finance Ministry said. South…
Tehran Stocks opened trading week Saturday under renewed sell-side pressure in most large listed companies while penny stocks traded moderately. The market-cap weighted benchmark of Tehran…
As per the new tax rules, value added tax on gold trade will be levied only on services, profit and fees, the vice president of Tehran Gold and Jewelry Union said. According to Mohammad Kashti-…
New rules on capital gains tax (CGT) were discussed by tax authorities, lawmakers and economists at a meeting organized by the Economy Ministry on Wednesday. Outlines of the rules were approved…
The government plans to sell its remaining stake in three banks and an agro company in blocks of shares. Bank Saderat Iran, Bank Mellat and Tejarat Bank are three semi-private lenders that the…
Tehran’s stock market has been bullish in recent days indicating that it is recovering from a bearish trend that lasted for almost a year. Benchmark of Tehran Stock Exchange eked out a 2% gain…
Banks and most government offices are cutting working hours following widespread power shortages that has gripped the country as temperatures rise. The public relations office of the Central…
The government sold bonds worth 5.8 trillion rials ($23 million) at the weekly auction held by the Central Bank of Iran on Tuesday. Buyers were mainly from interbank market while…
After eking out a robust gain in the earlier session, the benchmark of Tehran Stock Exchange paused on Wednesday and closed slightly above the flatline. The market cap-weighted TEDPIX closed…
Check payments have improved in the past three months after the new check law came into effect, said an official with Central Bank of Iran. The new law became enforceable on March 25 to…
Launching a regulatory sandbox is on the agenda of the Central Bank of Iran for promoting financial technology, the CBI deputy governor for innovative technologies said.
The Central Bank of Iran says it is restraining surplus liquidity of banks in the interbank market. In a press release posted on its website, the CBI said it implemented the reverse repurchase…
Performance reports of payment service providers show three major companies handled nearly 57% of the total e-transactions in the fiscal year to March 2021.
Forex and gold prices posted slight gains on Tuesday in Tehran paring some earlier losses. After pulling back to the critical 250,000-rial level a session earlier, the dollar was quoted…
Tehran’s share market made one of the biggest advances on Tuesday rising for two sessions in a row as demand for most commodity shares remained high. The main gauge of Tehran Stock Exchange,…
After consecutive rallies led by large caps and blue chips, investors now appear to be leaning towards small caps that were largely sluggish in previous sessions. While there was a…
Foreign exchange rates declined in Tehran’s free market on Monday amid uncertainty about the nuclear talks in Vienna and emergence of the fifth wave of Covid-19 infections across the country.…
Iran Energy Exchange is to launch futures contracts for petroleum products in near future, the IRENEX chief said. “The Securities and Exchange Organization approved the guidelines…
