Business And Markets

Yazd Rubber Industries Complex, a major tire producer in central Iran, offered 10% of its shares in an initial public offering on the junior equity market Iran Fara Bourse on Wednesday. The…

The government-owned Bank Melli Iran said it divested its non-financial assets worth 17.4 trillion rials ($102 million) in the last fiscal year (March 2019-20). 

The general price index of construction materials for residential properties in Tehran stood at 457.4 in the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19), according to the…

The long-delayed plan to privatize Esteghlal and Perspolis, Iran's two top football clubs, seems to be in the final stages. Stocks of the two clubs are to be offered on the Iran Fara Bourse soon…

Following a sharp rally a day earlier, Tehran stocks lost momentum again on Tuesday as investors turned their focus away from large-caps to smaller listed companies.  The market-cap…

Petroleum products valued at $133 million were traded in the international ring of the Iran Energy Exchange in the fiscal month ending May 16.   Gasoline, liquefied natural gas and…

Earnings from the first phase of the government’s disinvestment plan will be used for development projects stated in the fiscal 2020-21 budget, a deputy minister of economy said.  

The Plan and Budget Organization says role of the stock market and the Central Bank of Iran monetary policy is pivotal to curbing inflation. 

Governor of the Central Bank of Iran Abdolnasser Hemmati on Monday sought to reassure the public about stable currency rates and urged businesses to support CBI plans. "With the efforts of my…

Tehran Stocks rebounded on Monday as investors found share prices -- depressed during a four-day bearish trend -- attractive enough to place orders.   The main gauge of Tehran Stock…

The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran. The moneychangers traded the dollar at 170,230 rials, up 2,…

The main gauge of Tehran Stock Exchange added to the four-day losing streak on Sunday with its main gauge, TEDPIX, shedding 19,865 points.  The market-cap weighted TSE’s benchmark was…

The Central Insurance company of Iran has ordered insurance companies to convert before the end of the week all personal auto policies into electronic format.  Gholamreza Soleimani,…

Following reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined conditions for doing so.  The so-called…

The government’s plan to divest its shares in state-run companies via exchange-traded funds can neither be called privatization nor a realistic move toward a market economy, says Davoud Soori,…

Tehran stocks shed more of the previous gains at the start of trading week on Saturday to extend a losing streak into the third day.  The benchmark of Tehran Stock Exchange lost more than…

Major currencies started trading week on a positive note after recording a brief drop on Thursday.  The US dollar fetched 172,000 rials in Tehran’s open market on Saturday, registering 1.…

An estimated 450 trillion rials ($2.7 billion) in liquidity poured into Iran‘s stock market since the beginning of the fiscal year (March 20), CEO of the Securities and Exchange Organization…

Foreign currency offered at the secondary foreign exchange market increased significantly in the past week, the Central Bank of Iran said.  Forex sold in the secondary market (known…

Tehran is not satisfied with the snail’s pace of transactions via the oft-publicized Iran-EU trade channel, said Gholamreza Ansari, deputy foreign minister for economic affairs. 

With apposite monetary policy instruments at its disposal, the Central Bank of Iran is ready to implement “inflation targeting” measures, the CBI governor said.  “Within this policy, the ‘…

Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19. Even though the direct and short-term blow of the virus on the insurance sector…

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil exporters.…

The Central Bank of Iran said it plans to open a primary interbank market for auctioning bonds to help the government raise funds for budgetary needs.  In a notice on the CBI website, the…

Tehran Stock Exchange experienced one of its biggest downturn in nearly two months on Tuesday, with its main index, TEDPIX, losing more than 26,318 points, or 2.5%, to retreat back to 1,021,444…