Business And Markets

President Hassan Rouhani said Tuesday that the Supreme Council of Economic Coordination has approved the outlines of crude oil presale contracts to domestic buyers. Rouhani said the council…

The economy and oil ministries said Tuesday that they would stick with the previously announced method to divest government shares in four refineries via an exchange-traded fund and this week’s…

After a short-lived downturn a day earlier, major currencies climbed again on Monday with the dollar drawing closer to 220,000 rials at the end of trading session. 

The state-owned Small Industries Investment Guarantee Fund provided coverage for 6.223 trillion rials ($26 million) in investments in small and medium-enterprises in the past three years.…

Tehran stocks took an unexpected drubbing Monday following reports that the government had a change of heart and was suspending share offers in four refineries via exchange-traded funds. …

Renewed investor interest in large-cap stocks pushed the benchmark of Tehran Stock Exchange, TEDPIX, higher on Sunday while many smaller shares closed under sell-off.  The TSE’s main gauge…

The loan-to-deposit ratio (LDR) fell by 3.2 percentage points in the month to May 20 compared with the same month in the last fiscal year, to reach 77%, indicating banks’ increasing aversion to…

The government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially, in May it had allowed tradability of only 30%. 

The US dollar dropped by 21,000 rials on Sunday, losing close to 9% against the rial. The decline soon extended to bullion market, causing gold prices to fall about 10%. 

Tehran share market trading hours will change to help ease pressure on the trading platform, CEO of the Tehran Stock Exchange said on Friday.  The change will be commence in the current…

In accordance with long- delayed plans to change Iran's monetary unit, four zeros have been designed in muted colors in the new 1,000,000-rial ‘Iran Check’, governor of the Central Bank of Iran…

The nationwide payment settlement network, Shaparak, processed more than 2.87 billion payments worth 5,199.28 trillion rials ($23.3 billion) in the calendar month to July 21. Transactions rose…

The government earned 160 trillion rials ($695 million) by selling its shares in state companies via the stock market --  a figure far beyond initial projection in the fiscal budget (March…

Gold coins recorded further increase on Wednesday with another 2.8% growth in prices compared to the previous day's close.  Emami gold coin was quoted at 113.5 million rials in the…

Tehran’s share market strengthened above the critical 2 million points gaining another 39,142 points at the close of trading week on Wednesday.  The TSE benchmark closed the session at 2,…

The Majlis will debate a government-proposed bill based on which companies listed in the stock market can raise capital via share premium.  Share premium is the difference in price between…

The Iranian government so far has generated 500 trillion rials ($2.2 billion) from Islamic bonds in ten weekly auctions held by the Central Bank of Iran every Tuesday since early June.  …

Faltering near the psychological resistance of two million points, the benchmark of Tehran Stock Exchange, TEDPIX, closed Tuesday near the flat-line.  Amid sell-off in many large-cap…

The CEO of Securities and Exchange Organization says 140 companies are in the listing process to join the Tehran Stock Exchange and Iran Fara Bourse, the junior equity market. 

The Central Bank of Iran says it will send to the judicial authority a bigger list of exporters that have failed to repatriate their currency earrings.  Last week the CBI said it had…

Value of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21).  Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion…

The Headquarters for Combating Smuggling of Goods and Foreign Exchange has announced a ban on buying and selling foreign currency hawala on the internet. A press release on Monday said the…

Close to 3.58 million trading codes were issued for new investors in the share market since the beginning of the current fiscal year (March 20) up until July end.  This puts the total…

The benchmark of Tehran Stock Exchange, TEDPIX, lost 18,194 points on Monday drifting lower by 0.9% to retreat below the milestone 2,000,000 points seen on Sunday. It closed trading session at 1…

The number of bad checks fell by 11.7% in the calendar month ending June 20, compared to a month earlier, the Central Bank of Iran reported. Data published on the CBI website show that 881,000…