Business And Markets

Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rials on Saturday. This came after price gaps between the CBI…

Governor of the Central Bank of Iran Abdolnasser Hemmati said Friday the government will use part of the existing money supply to plug the fiscal deficit.   Hemmati said this in his social…

Data released by the Central Insurance of Iran, the body in charge of supervising the industry, shows that the Covid-19 pandemic has impacted the business of insurance companies in various…

In bid to further narrow the rate spread in the interest rate corridor (IRC) the Central Bank of Iran announced that it would raise rates on interbank deposits by 1 percentage points to 13%…

Tehran stocks maintained their upside direction seen in previous sessions to gain another 66,000 points on Wednesday closing trading week 4.3% higher.   At the close of the trading session…

Tamin Cement Investment Company, the largest construction holding in Iran, went public on Wednesday offering 15% of its shares in an initial public offering. Stakes comprised 1.65 billion…

The Central Bank of Iran in a press release said money supply shot up to 26,541.6 trillion rials ($139.5 billion) by the end of the first quarter of the current fiscal year (March 20- June 21…

Islamic bonds worth 63 trillion rials ($331 million) were bought by lenders and non-bank financial institutions on Tuesday during the fifth bond auction held by the Central Bank of Iran. …

The Statistical Center of Iran has released new data on home rent and sale prices during the first quarter of the current Iranian year (March 20-June 20). Both experienced higher inflation…

Tehran’s stock market is gearing up for one of its busiest initial public offering in the weeks to come as a flurry of companies are expected to go public following attractive measures announced…

Shares made one of their historic gains in Tehran on Tuesday, soaring 4.4% after falling close to the psychological 1.5 million points for two days in a row.  The benchmark of Tehran Stock…

A housing expert believes the government’s intervention in the lease market would cause confusion, as it can increase the share of unregistered, unofficial deals and price rises in the long term…

The Securitas and Exchange Organization said Monday starting next month trading fees in the stock market will be cut by 20%.  The new rates will take effect July 22 with the declared aim…

Tehran stocks stumbled to break above the psychological 1.5 million points on Monday and shed more than 10,000 points bucking a 10-session bullish trend.  The main index of Tehran Stock…

The Central Bank of Iran has finalized the draft of a regulatory framework for e-wallets that is expected to be unveiled soon, said Ayandeh Bank's deputy for electronic banking affairs. 

An estimated €6.2 billion was sold via the secondary foreign exchange market, known as Nima, for import since the beginning of current fiscal year (March 20) up until June 28. 

Iran’s Trade Promotion Organization suspended 2,500 commercial ID cards after their owners failed to heed government warnings regarding the return of overseas export currency earnings, head of…

Large and small-cap shares took different paths in the Tehran Stock Exchange on Sunday with the shares of the latter closing mainly in the red and the former pushing the TSE benchmark further…

Major foreign currencies rallied again in Tehran’s open market on Sunday with the dollar bouncing back to 202,000 rials, up 2.5% overnight.  One euro fetched 226,000 rials, up more than 3…

Insurance companies collectively generated about 86 trillion rials ($357 million) in premiums in the first two months (March 20-May 20) of the current fiscal year, marking 31.4% growth compared…

The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply, the bank’s governor…

Tenancy agreements signed as of June 29 may not increase rents by more than 25% in Tehran and 20% rise in other large cities, President Hassan Rouhani said on Sunday.  “As per the decision…

With India no longer importing oil from Iran, UCO Bank is looking at other avenues to keep the rupee payment mechanism with Iran alive. According to A K Goel, CEO of UCO Bank, the lender is in…

The share market in Tehran opened on strong note Saturday extending a bullish trend into the ninth day with shares in big listing companies again pushing up market indicators.  The…

Trade in exchange-traded fund that holds government shares in three banks and two insurance companies commenced on Saturday.  The value of each ETF unit doubled in one month after its…