Business And Markets

Banks lent 191 trillion rials ($800 million) to 763 knowledge-based companies in the first nine months (March 20-Dec. 20, 2020) of current fiscal year. This was an increase of 128% year-year,…

Major currencies continued to advance in open markets on Sunday extending gains a session earlier.   The dollar strengthened above 240,000 rials gaining 1,500 rials to be traded at 244,500…

Broad money supply reached 31,300.2 trillion ($130 billion) at the end of third quarter of the current fiscal year on Dec. 20, indicating 38.4% Y/Y growth.

Forex rates shot up in Tehran on the first day of the week. The dollar climbed to 243,000 rials on Saturday in the open market, posting 2.3% or 5,600-rial growth compared to Thursday's close.…

The Tehran stock market saw one of its best days in two months on Saturday as prices of most shares rose. The main gauge of Tehran Stock Exchange, TEDPIX, climbed 3.3% gaining 39,454 points, the…

There are plans to finance the loss-making auto industry to the tune of 150 trillion rials ($650 million), the governor of the Central Bank of Iran said.  Abdolnasser Hemmati made the…

Increase in stock market trade has created a source of tax revenue for the government, the top tax official in Tehran said. According to Omid-Ali Parsa, head of the Iranian National Tax…

The general price index of construction materials for residential properties in Tehran grew by 59.6% in the four-quarter period to Dec. 20, 2020, which marks the end of the third quarter of the…

The Export Guarantee Fund of Iran is offering up to $800 million in guarantees for export to the Eurasian Economic Union member states, the export agency's director said.

Iran Fara Bourse, Tehran's junior equity exchange, is to set up an over-the-counter market for listing companies not eligible for listing on the IFB prime market, an official with the Securities…

Banks will start issuing credit cards to owners of the so-called Justice Shares in the coming week, head of the Central Security Depository of Iran (CDSI) said.    The shares are to…

New banking rules banning transactions of "unidentified" customers are not restricted to foreigners or refugees in Iran, and applies all customers whose ID is not registered with banks, the…

Currency and gold prices posted significant gains on Wednesday in Tehran after two days of decline. The dollar was quoted at 237,000 rials in the free market, 3.29% higher than the previous day'…

Former CEO of the Securities and Exchange Organization (SEO) Hassan Qalibaf-Asl defended his performance on Wednesday. 

Banks and credit institutions paid 16,060.5 trillion rials ($64.2 billion) in loans to businesses in 11 months since the beginning of current fiscal year that ends on March 20.    The…

The government sold 20.3 trillion rials ($88 million) in bonds at the weekly auction on Tuesday held by the Central Bank of Iran.  Earnings improved compared to the previous sale by 150%…

A rally in the early hours of trade on Tuesday in Tehran’s share market gave way to a sell-off later amid renewed uncertainty among investors.  

The governor of the Central Bank of Iran, Abdolnasser Hemmati, is visiting Oman to discuss ways to expand banking relations between the two Persian Gulf neighbors. He met Foreign Minister…

The Economy Minister Farhad Dejpasand appointed Mojtaba Khalesi as new envoy of the Central Bank of Iran to the World Bank. 

Deputy Economy Minister Mohammad Ali Dehqan-Dehnavi was appointed Tuesday as new managing director of the Securities and Exchange Origination by the High Council of Securities and Exchange.…

Iran Insurance Company, the sole state-owned and the largest insurance company, is expected to play a leading role in digitizing the sector and developing innovative services. 

First Vice President Es'haq Jahangiri instructed Mohammad Nahavandian, the veep for economic affairs, to revise rules set for regulating trade in steel products.   In a letter published on…

The secondary foreign exchange market, Nima, has seen significant growth in currency supply in recent days, the governor of the Central Bank of Iran said.  Nima is Persian acronym for a…

The share market regulator is working on a plan of action to minimize the impact of big shareholders performance on retail trade in the bourse, the CEO of Tehran Stock Exchange said.  "The…

A sharp rally in the early hours of stock trade on Sunday gave way to sell-off in most ticker symbols as investors rushed to sell and save past gains.  The main index of Tehran Stock…