The currency market recovered from a brief hiatus a session earlier to resume past rallies on Monday and bolstered the domestic bullion market.
Business And Markets
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Tehran Stocks extended a winning streak into the eighth day on on Monday following demand for a handful of large caps. The main gauge of Tehran Stock Exchange, TEDPIX, gained 5,261.09 points or…
A sharp rally that dominated Tehran stocks for more than a week lost momentum on Sunday as sell off increased when most investors sold shares to save gains. The benchmark of Tehran Stock…
The Central Bank of Iran is to authorize the first neobank by the March yearend but digital banking experts doubt the readiness of the banking industry to admit fully digital players. Last…
Loans to deposit ratio stood at 80.2% in the last month of the previous fiscal year that ended on March 21, down 1 percentage compared to the preceding month. The ratio, however, increased by 0…
Banks and credit institution took over possession of more than 1,700 properties from businesses that defaulted on their loans, said the secretary of the Coordination Council of State and…
The Social Security Investment Company, the biggest holding company in Iran, plans to increase its capital to a level unprecedented in the history of the Tehran Stock Exchange, the CEO of the…
Ten big banks operated more than 47,000 automated teller machines (ATMs) in Iran by April 21, accounting for 78% of the total. Total number of ATMs rose to 60,933 machines, up about 6% in the…
The Central Insurance company of Iran has banned seven companies from selling third-party auto insurance policies because of their failure to meet CII's deadline for cutting ties with…
Tehran stocks opened higher on Saturday extending a winning streak into the sixth day. The benchmark of Tehran Stock Exchange, TEDPIX, closed 20,728.67 points or 1.71% higher, ending trade at 1…
Livestock feed stored in Iran’s ports of entry are sufficient to meet the needs of the production sector for the next three months, according to the CEO of State Livestock Affairs Logistics…
The Securities and Exchange Organization and Industries Ministry signed a memorandum of understanding on Wednesday to inject “small funds” into business finance. The MoU was signed by SEO Chief…
The weekly government bond auctions held by the Central Bank of Iran again failed to attract buyers this week. One credit institution was the sole buyer in the fifth round, according to a press…
The Ministry of Industries, Mining and Trade has issued license for 30 cryptomining units, according to the figures published on ministry website. Semnan Province accounts for the largest…
Foreign direct investment into Iran declined almost 10% in 2020 compared to the year before, according to the United Nations Conference on Trade and Development (UNCTAD). Based on data…
The main gauge of the Tehran Stocks Exchange, TEDPIX, gained 4,835 points or 0.42% on Monday to end trade at 1,168,592.65. About 9.34 billion shares valued at 64.16 trillion rials ($267.3…
The nationwide e-payment settlement network, Shaparak, processed more than 33.16 billion payments worth 54,571 trillion rials ($228.8 billion) in the last fiscal year that ended in March. The…
The plan to set up an international bourse in the free economic zones is again under discussion after being put on the back burner. Speaking on the sidelines of a ceremony to unveil government…
Unauthorized cryptominers consume as much as half the total daily power used in Tehran City, an official with the Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
Financial resources worth about 3,000 trillion rials ($12.7 billion) are parked in fixed income investment and brokerage firms and should flow into the share market, head of the Securities and…
Foreign exchange rates continued to decline in Tehran on Sunday as the rial got a long-awaited boost following reports that talks in Vienna to restore Iran’s nuclear deal were in the final round…
In a report on macroeconomic developments, the Central Bank of Iran said the money supply and monetary base continued to expand in the previous calendar month (ended May 20). The monetary base…
The main gauge of TSE, TEDPIX, closed at 1,724.46 points or 0.15% higher to end trade at 1,163,756. The TSE’s equal-weighted index slipped 0.25%. About 7.2 billion shares valued at 50.1…
The Central Insurance company of Iran's recent decision to ban companies from selling policies via unauthorized websites has created a stir.
Gold prices declined sharply on Saturday in Tehran amid a rush of sellers following a steep downturn in world markets. The popular Emami gold coin lost more than 4.8% and was quoted at 103.1…
