A deputy governor of the Central Bank of Iran said on Monday that a unified foreign exchange rate system is to be put in effect by the second half of this year ending March 2015.
Akbar…
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A deputy governor of the Central Bank of Iran said on Monday that a unified foreign exchange rate system is to be put in effect by the second half of this year ending March 2015.
Akbar…
Mortgage-backed securities are a tool for expanding the mortgage market and enhance commercial bank lending power, said Hossein Abdoh Tabrizi, secretary general of the Securities and Exchange…
A high-ranking commercial delegation from Russia, which includes a group of automakers, will arrive in Tehran on Tuesday to negotiate with Iranian counterparts.
The recent rise in liquidity stems from a government policy to increase the inside money and money multiplier, while the monetary base is negative, said an official with the central bank.
Tehran stocks rallied on Tuesday, posting another daily gain with TSE benchmark rising 0.16% to 71,930.8.
Major indices posted modest gains on Tuesday, pushing the TSE main index (TEDPIX)…
Foreign investors from Asia and Europe have been traveling to Iran in the past few weeks to explore new business opportunities here. Now, a group of Spanish companies say they are interested in…
Strong supply and weak demand are stabilizing the iron and steel market, a member of the board of directors of Iran's Iron and Steel Union said Tuesday. "Due to rising fuel prices, production…
on Tuesday, 102,900 tons of different grades of bitumen were to be offered on the export trade floor of Iran Mercantile Exchange, SENA reported.
Foreign companies are interested in…
The US dollar rose to a six year high against the yen, while gold held near a three month low, after disappointing US jobs data gave rise to speculation that the Federal Reserve will increase…
Details over how Beijing would finance Iranian development projects will likely be discussed in a meeting between President Hassan Rouhani and his Chinese counterpart Xi Jinping in Dushanbe…
Market making funds (MMF), which are expected to be established soon for dealing and making market, will serve the interests of both the market and the MMFs, according to the secretary of the…
The Securities and Exchange Organization is to introduce a new mechanism for financing enterprises by establishing project investment funds -- financial institutions that raise capital through…
“Rest assured that there will be no sudden developments in the currency market, just like the past year,” said the economy minister, easing worries about recent rally of the dollar.
Stocks at the Tehran Stock Exchange switched between small gains and losses on Wednesday, finishing a seesaw trading day, going flat after two straight upward trend sessions.
The government has decided to build new steel plants near the Persian Gulf and Oman Sea with a total capacity of 10 million tons a year, a deputy minister of industry, mine, and trade said…
Saipa CEO Saeed Madani sent a letter on Wednesday to the Securities and Exchange Organization elaborating on the company's plan to offer some of its subsidiary firms on the equity market.…
Nilou Tile Company and Damavand Mineral Company were back on the main board of Tehran Stock Exchange on Wednesday. Following an annual general meeting, Nilou Tile announced that it would not pay…
Fara Bourse recorded trading of more than 366,630,000 shares worth 1,514 billion rials on Wednesday. These numbers pushed up the market's main index IFX by 4.9 percent.
Close to 50,000 tons of granulated iron ore from Mishdavan mineral complex, with the base value of $25 per ton, has been offered at the export trading floor of Iran Mercantile Exchange (IME), SENA…
The ministry of economic affairs and finance has prepared a draft Justice Shares reform bill which will be sent to the parliament after the cabinet confirms it in its weekly session, an official…
Unauthorized financial institutions are under attack by the Central Bank of Iran as it tries to pressure them to comply, though the scope of the situation remains unclear.
The Central Bank…
The ministry of economic affairs and finance has reiterated its plans to reform commercial banks’ structures and statutes to help them make their activities profitable.
The plans…
Eight commercial banks, unscathed from international sanctions against Iran’s banking system, are ready to cooperate with Qatari banks to ease money transfer between the two countries.
In a…
The Securities and Exchange Organization has issued an establishment license for the 136th mutual fund in the country.
The new “Hami” closed-end mutual fund has been successfully…
The greenback pushed higher against the yen on Wednesday, while the euro and sterling resisted further decline, as low levels spurred more buying. Gold kept on falling as it tested new lows going…