Business And Markets

With the capital market dominated by a prolonged bearish trend and incessant capital outflow, its role has been diminishing in the national economy.

The Interior Ministry suspended the Iran Blockchain Association following reports it was in breach of rules and operated against its articles of association.

Tehran stocks opened trading week on a high note on Saturday amid demand for shares of commodity and export-oriented companies. The benchmark of Tehran Stock Exchange, TEDPIX, gained 14,310…

Bad checks Increased sharply in the calendar month to May 21 amid slower growth in the number of total check transactions, the Central Bank of Iran said. There were 670,000 bad checks in the…

After posting a slight increase a session earlier, foreign exchange rates advanced on Thursday with the dollar strengthening above 240,000 rials. The greenback surged close to 1% or 2,300 rials…

The United States on Thursday issued guidance easing the way for delivery of products such as face masks, ventilators and vaccines to combat the coronavirus pandemic to heavily sanctioned…

The Central Insurance company of Iran Thursday warned insurance companies and agents against offering services through unauthorized applications and websites.

Investors of fixed income assets refused to participate in the government’s weekly bond auction for the third week in a row. The bonds also were undesired by banks, financial institutions and…

Foreign exchange rates increased slightly on Wednesday with the dollar crossing the 241,000-rial threshold in Tehran's free market. The greenback fetched 241,100 rials up 700 rials or 0.3% in…

The Central Bank of Iran in a statement asked the Majlis to approve banking rules that are drafted and developed by the government. Board of directors of the CBI sent a letter to the speaker,…

US President Joe Biden voiced support to speed up approval of the financial transfers needed to deliver more food and medicines to Iran through a Swiss humanitarian channel, Swiss Foreign…

Private enterprise has voiced concern that a possible budget deficit may impact businesses, livelihoods and the economy at large.

ICT Minister Muhammad Javad Azari Jahromi has proposed transforming Iran’s Kish Island in the Persian Gulf into a hub for domestic and international cryptocurrency exchanges. This is while…

Tehran stocks opened in upbeat mode on Tuesday but shed gains during the session to close trade at the flatline. In the early hours of trade, the main index of Tehran Stock Exchange, TEDPIX,…

Banks and credit institutions paid marriage loans worth 98.27 trillion rials ($427 million) since the beginning of current fiscal year in March up until June 8. Interest-free loans were taken…

The Capital Investment Management Group, the financial holding of the Civil Servants Pension Organization (CSPO), is to make stock market debut on Wednesday. In the initial public offering, the…

The Securities and Exchange Organization, invested 18.4 trillion rials ($79.8 million) in the Capital Market Stabilization Fund (CMSF) in the second half of previous fiscal year (Sept 2020-March…

Banks injected more than 18,989.2 trillion rials ($82.5 billion) into the economy in the last calendar year (ended March 20).  The amount was up 9,239.3 trillion rials ($40b) or 94.8%…

Data on the performance of Shaparak Network, Iran's domestic payment network, shows Bank Mellat, Bank Melli Iran, Bank Saderat Iran and Bank Sepah together accounted for nearly half the e-…

As part of the government's plan to support businesses battered by the Covid-19 pandemic, banks and credit institutions have been told to be flexible regarding delays in the repayment of loans…

Iran’s Trade Promotion Organization has launched on online platform to enable exporters to enquire about their forex repatriation commitments. “This would enable them to check how much [money]…

Bonds issued by municipalities across the country declined 45% in the last calendar year that ended in March compared to the year before. Big municipalities issued bonds worth 55.4 trillion…

Tehran Stock Exchange closed on Sunday shedding 2,000 points in early trade before bouncing back later in the day. The TSE's main index TEDPIX closed 3,665.0 points lower, losing 0.32% to end…

After slight gains last week, the Tehran stock market opened trading week Saturday under sell-side pressure to close in negative territory for two sessions in a row.   The main index of…

The Central Bank of Iran said 200 million yuan ($31.25 million) in blocked forex in South Korea has been used for importing vaccines. The money was paid for another batch of China's Sinopharm…