Business And Markets

A total of 9,537 homes were sold in Tehran during the ninth month of the current fiscal year (Nov. 22-Dec. 21) to register a 134.7% rise compared with the previous month. The number of home…

Petrochemical companies provided 20% of the foreign currency needed for importing goods in the past Iranian year, the Central Bank of Iran governor said. "Nearly $29 billion was needed for…

Visible inequality in income distribution aside, Iran’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever. 

The benchmark of Tehran Stock Exchange gained more than 5,800 points on Monday to push TEDPIX about 1.6% higher as investor sentiment for short-term gains remains high.  As seen in recent…

According to a new report by the Central Bank of Iran, 724,255 loans worth 390.94 trillion rials ($3 billion) were given out to different housing subsectors, including for home purchase,…

The main gauge of Tehran Stock Exchange TEDPIX gained 2,090.46 points, or 0.57%, on Sunday to end trading at 369,722.6. About 5.98 billion shares valued at 34.22 trillion rials ($264.26 million…

Deposits with Iranian banks and credit institutions have been rising over the past year to reach 23,493.9 trillion rials ($181.4 billion as per current exchange rates) by the end of sixth…

Banks, companies and other organizations affiliated to the government must pay 57.8 trillion rials ($444 million) in tax in the coming fiscal year that starts in March 2020.  As per…

Bankers prefer the Central Bank of Iran take charge of a long-awaited plan for reforming the outdated banking sector. The call was made in a recent letter to Majlis Speaker Ali Larijani…

Sincere stakeholders, in the anti-FATF camp in Tehran, say now is not the time to embrace the Financial Action Task Force rules. Their argument is premised on the reality that the country is…

Leaving behind a brief correction phase in the previous session, Tehran stocks resumed a month-long bull market on Saturday with benchmark of Tehran Stock Exchange soaring more than 1.8%.…

Central Bank of Iran is committed to control inflation and improve macroeconomic variables, the CBI Governor Abdolnasser Hemmati said.  “We [central bank] are steadfast in implementing…

The number of ATMs in Iran reached 58,442 by the end of November, which shows banks installed more than 1,800 new devices in one year to meet increasing demand for services out of the branches…

The benchmark of Tehran Stock Exchange reported a whopping 100% growth during almost nine months since the begging of the current fiscal year (March 2019).  Investors bought 749 billion…

Central Bank of Iran’s conditions on non-oil exporters to repatriate their currency earnings has been criticized yet again by exporting countries after they reportedly received export ban…

Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow's commercial representative in Tehran, Rustam Zhiganshin, said. "While in 2018 payments in…

The number of home sales in Tehran reached 9,664 during the month ending Dec. 21, indicating an increase of 137% compared with the month before, the Planning and Housing Economy Office of the…

The insurance industry's profit amounted to 45 trillion rials ($346 million) in the current fiscal year (started March 2019), president of the Central Insurance company of Iran said, adding that…

After two weeks of non-stop rally Tehran Stock Exchange entered a correction phase on Wednesday as giant commodity stocks retreated and small-cap companies advanced.  TSE's main index…

The central bank governor says Iran’s key trading partners have sent notice to the effect that Iran’s inclusion in the Financial Action Task Force’s blacklist would have dire consequences.…

Loans worth 1,700 million rials ($13,000) will be granted to home builders who choose to use non-traditional construction methods based on new technologies this year (March 2019-20).  This…

The main gauge of Tehran Stock Exchange TEDPIX gained 2,893.85 points or 0.81% on Tuesday to end trading at 362,259.4. About 3.69 billion shares valued at 22.76 trillion rials ($175.40 million…

Banks and credit institutions paid 5,313 trillion rials ($40.8 billion) in loans in the first eight months of current fiscal year to Nov.21.  The lending increased by 1,150 trillion rials…

Iran Fara Bourse, over-the counter stock market based in Tehran, was ranked second in terms of value and volume of trade and the number of stockbroker companies handling IFB trade in 2018 among…

The latest appraisal of risk retention capacity of domestic insurance companies has placed state-owned Iran Insurance Company on the top.  The rating is a based on financial statements of…