Business And Markets

Governor of the Central Bank of Iran Abdolnasser Hemmati has called on President Hassan Rouhani to incentivize exporters who have fulfilled their commitment to repatriate their overseas revenues…

The value of commodities traded at the Iran Mercantile Exchange increased by 23% in the last calendar month (June 21- July 21) compared with a month earlier. In volume terms, the deals rose 8%.…

Leaving behind a two-day correction phase, Tehran stocks opened Saturday in positive territory amid spike in foreign exchange rates, which always whet investor appetite for commodities and other…

Iran Insurance Company, the largest and sole state-owned player in the domestic market, generated 47 trillion rials ($213 million) in premiums in the first three months of fiscal year (March 21…

Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central Bank of Iran…

A member of the High Council of Securities and Exchange said Saturday that the council has approved the decision to set up a real estate exchange.  The new exchange market, will be the…

Banks will start issuing credit cards for owners of the so-called Justice Shares in the coming week, using the shares as collateral, a member of the High Council Securities and Exchange said.…

Government stakes in four refineries will be put on offer through the second state-controlled exchange-traded fund in the near future, head of the Iranian Privatization Organization said.

Approximately 1,045.4 trillion rials ($4.75 billion) were made available to companies via Iran’s capital market in the first quarter of the current fiscal year (March 20-June 20). 

The government has unveiled its coronavirus aid package for home renters. According to Governor of the Central Bank of Iran Abdolnasser Hemmati, a total of 200 trillion rials ($915 million) out…

The Swiss government's payment channel for humanitarian goods to Iran, known as Swiss Humanitarian Trade Arrangement (SHTA), is plagued by delays, raising concerns about the viability of the…

Tehran stocks were hit by selloff at the close of trading week on Wednesday as the currency market climate tilted toward more uncertainty and investor sentiment sagged, especially regarding the…

Currency rates were largely stable on Wednesday after losing 18% during three consecutive sessions of bear market. However, gold prices extended the slide.  The USD traded at 218,000 rials…

Islamic bonds worth 61.7 trillion rials ($287 million) were sold during the weekly bond auction on Tuesday. The auctions are in line with the government’s efforts to access funds for fixing its…

Tehran stocks fell on Tuesday after investor sentiment paled over significant drops in foreign currency prices. The benchmark of Tehran Stock Exchange, TEDPIX, lost 8,642 points and dropped 0.45…

The US Treasury Office for Foreign Assets Control has recently allowed opening of a financial channel for sending humanitarian aid exclusively to Iran's Red Crescent Society,  head of IRCS…

The rial pares some more of its losses against the US dollar on Tuesday amid a noticeable intervention by the Central Bank of Iran.  The dollar dropped to 217,000 rials in the middle of…

Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture says the chamber has called on the government to explain on what premise it has calculated the amount of unreturned…

Head of the International Department of the Central Bank of Iran said constructive talks were held with Iraqi officials during his tour to the Arab country, which could result in unfreezing…

Deputy Minister of Roads and Urban Development Mahmoud Mahmoudzadeh said 50% of tenancy agreements extended in the fourth month of the current fiscal year (June 21-July 21) were in conformity…

The main index of Tehran Stock Exchange, TEDPIX, gained 60,000 points on Monday to climb 3.2%, closing the trading session at 1,924,798 points. 

The government will offer units of the second exchange-trade fund in the upcoming calendar month starting Wednesday, head of the Iranian Privatization Organization said.   This is in line…

Currencies took a drubbing in Tehran after rallying for seven consecutive days and the decline soon extended to gold prices. The rial pared earlier losses on Monday as the dollar lost more than…

The gap between the cost of buying and renting is now at its highest level in Iran. The analytical report by the Persian economic newspaper, Donya-e-Eqtesad, using the Statistical Center of…

Out of 179 materials used in construction in Tehran Province examined by the Statistical Center of Iran during the second half of the last Iranian year (Sept. 23, 2019-March 19), copper sheet…