Business And Markets

Shaparak Company, the body in charge of supervising Iran’s e-payment network, is making concerted efforts to better detect fraud and improve security of the fledgling e-payment network, the…

The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said.  Restructuring was…

The Central Bank of Iran has announced new guidelines for divesting non-financial assets of banks and credit institutions.  The guidelines are as per provisions of the law to Remove…

The Central Insurance company of Iran, the industry’s regulatory body, is in the process of setting up a special fund to cover 30 million homes against natural disasters. 

The government hopes to sell bonds worth about 750 trillion rials ($3 billion) in the 2021-2022 fiscal year. As per the new budget bill sent to parliament on Wednesday, the government said it…

The Majlis Research Center in a report explored the main reasons behind the sharp increase in consumer prices in the second quarter of the current fiscal year (June 21-Sept.21). "The Consumer…

The government sold bonds worth 19.5 trillion rials ($78 million) at the weekly auction on Tuesday -- apparently   higher compared with the nine months’ average but way lower than the…

The government has put an end to subsidized currency rates ($1=42,000 rials) in the proposed 2021-22 fiscal budget, the spokeswoman for Plan and Budget Organization said.  The cheap…

Germany, France and Britain urged the Trump administration in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter legitimate humanitarian…

Gold prices and foreign exchange rates retreated on Wednesday after rallying for two consecutive sessions. The dollar lost 3.14% or 8,000 rials, and was quoted at 255,000 rials in Iran’s open…

The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the capital city Tehran during the second quarter of the current Iranian year (…

The main index of Tehran Stock Exchange, TEDPIX, gained 7,727.15 points or 0.53%, Tuesday to end trading at 1,473,701.9. About 13.74 billion shares valued at 162.27 trillion rials ($649.08…

The exchange-traded fund holding shares of the government in four refineries listed with Tehran Stock Exchange started trade on Tuesday.  The ETF, dubbed ‘First Refinery’ holds government…

Monetary variables, such as broad money supply, needs to be assessed in light of special circumstances and unusual circumstances, a Central Bank of Iran official said. 

A new round of volatility returned to Tehran's chaotic foreign exchange market Tuesday amid rising uncertainty and prospects of further political tensions.  Quoted below 260,000 rials in…

Iran’s banking industry is showing renewed interest in issuing credit cards. Data released by the Central Bank of Iran indicates 70% increase in the number of active credit cards up until…

Currency rates eked out gains on Monday after several dull sessions with the dollar advancing above 250,000 rials. The spike extended to gold prices though the metal has been under pressure due…

In the calendar month ending Oct.21 a total of 734,000 checks bounced – down 15% compared to a month before.  In value terms, bad checks increased 4.5% worth 214 trillion rials ($856…

Tehran stocks extended a bullish trend Monday as a set of supportive measures buoyed up investor sentiments and partially restored their fading trust in the volatile market.  The main…

Home prices have declined by 10% over the past three weeks, as rising supply has put a downward pressure on prices, Mostafa Qoli-Khosravi, the head of Tehran Realtors Association, said recently…

Interest rate in the interbank market declined by 1.6 percentage point in the last calendar month to Nov.20.  "The interbank rate declined steadily to draw nearer to caps set by the…

The Governor of the Central Bank of Iran says inflation expectation has declined noticeably in recent weeks and should help businesses ravaged by the coronavirus and tough economic times.…

The National Development Fund of Iran, the country's sovereign wealth fund, has deposited 10 trillion rials ($40 million) with the Capital Market Stabilization Fund to be invested in the stock…

The High Council of Insurance, Iran’s main insurance authority gave the green light to two new insurance companies last week -- Pars Reinsurance Company and Charisma Life Insurance Company.

Tehran's share market opened trading week on Saturday in positive territory amid rising demand for most stock categories.  TEDPIX, the main index of Tehran Stock Exchange, gained 23,223…