Business And Markets

The Central Insurance company of Iran, the regulatory body of the industry, and a private insurance firm have crafted a new package for covering losses to the business community due to the…

Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of the previous week.   The dollar made a big leap forward and rose by 5,000…

The Central Bank of Iran continues to exercise flexibility toward exporting companies regarding the repatriation of export earnings, the bank’s governor said. 

Tehran stocks opened trading week Saturday on a strong note as sell-side pressure eased and sentiments buoyed  by new supportive measures announced by the regulator.

The benchmark…

Building on earlier gains, the US dollar advanced at the start of the trading week on Saturday climbing above the psychological level of 260,000 rials in unofficial currency markets in Iran.…

Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries, Mining and…

An estimated 2.89 billion transactions worth 4,769.01 trillion ($20.7 billion) were processed via Shaparak (the nationwide electronic payment network) in the fifth month of current fiscal year (…

A plan to launch an international stock exchange is getting the finishing touches and is scheduled to be launched by late October, the economic deputy to the secretary of Iran's High Council of…

Gold coin prices jumped above the all-time high of 120 million rials on Thursday as demand for the metal and foreign exchange rates soared again.    

As the stock market continues to plunge, the High Council of Securities and Exchange said banks too can invest in the bourse. This is in line with a variety of measures by the government to…

Tehran Stocks offered a sliver of hope at the close of trading week Wednesday as sell-off pressure eased in the final hours of trading session.  The main index of Tehran Stock Exchange,…

The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage with the free…

The government sold 54 trillion rials ($225 million) in Islamic bonds during the weekly bond auction held by the Central Bank of Iran.  Buyers were banks and credit institutions,…

After months of turbulence and sharp increases, a new report by the Central Bank of Iran shows a semblance of calm has returned to Tehran’s housing market.

Tehran stocks piled up more losses on Tuesday as the sell-off of majority of shares continued unabated but the overall volume of share sales kept diving.  The main index of Tehran Stock…

One or more neobanks will start operation in 2021, the Central Bank of Iran's deputy governor for innovative technologies said. 

Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated to Central Bank of…

Price of the dollar increase slightly by 0.04% on Monday  to reach 246,300 rials. The currency started the week with 1.3% increase. The euro, however, lost 250 rials, or 0.87% to be quoted…

After fragile gains in the past two session, Tehran stocks plunged further on Monday as investors rush to sell with simply no empathy from buyers.  The main index of Tehran Stock Exchange…

The Monetary and Banking Research Institute (MBRI), the research arm of Central Bank of Iran, has looked into challenges ahead of Iran’s currency swap agreements and offered solutions.

The Securities and Exchange Organization wants to tap into the National Development Fund of Iran, the country’s sovereign wealth fund, to prop up the struggling stock market, the SEO chief said…

Thirty-six percent of all homebuyers in the first four months of the current fiscal year (March 20-July 21) used Bank Maskan loans to finance their homes. A total of 95,000 home deals were…

The trade channel between Iran and Switzerland, known as the Swiss Humanitarian Trade Agreement (SHTA), is expected to be more viable than its counterparts and function even after a possible…

Relentless sell-off pressure hit the Tehran stock market on Sunday as retail investors struggled to get their money back while institutional buyers continued to boost demand.  Despite the…

Bank customers had 29,326.1 trillion rials ($127.5 billion) in deposits by the end of the calendar month to June 20, according to monthly data released by the Central Bank of Iran. Deposits…