Business And Markets

In next year's proposed budget the government is allowed to securitize up to 200 trillion rials ($2 billion) of its debts to banks.

President Hassan Rouhani on Wednesday struck an upbeat tone on the economy saying employment for the first time reached close to 24 million in the third quarter to November 22.  Addressing…

The Majlis Research Center, the parliament’s research arm, has taken a dim view of the preferential forex rate policy of the government in the past months and warned about the perpetuation of…

In its latest directive, the Central Bank of Iran, on Tuesday urged exporters to return their export earnings to "the country's economic cycle'' as their three-month deadline comes to an end.…

Tehran Stock Exchange main index TEDPIX gained 95.52 points or 0.06% on Monday to end trading at 161,405.3.  More than 2 billion shares valued at 5.59 trillion rials ($51.77 million)…

A report by the National Development Fund of Iran shows that the sovereign wealth fund allocated $14.7 billion in foreign exchange in loans through 20 agent banks during the first half of…

Fitch Ratings, the international ratings agency, has said in a report that Iran's banking supervisory authority will benefit from two bills sent by President Hassan Rouhani to parliament to push…

Tehran Stock Exchange chief says during the first half of the current fiscal that ends in March, 296 trillion rials ($2.7 billion) worth of finance was secured via assorted trading instruments…

According to a report by the Central Bank of Iran, about 6.3 million checks worth 619 trillion rials ($5.6 billion) were cleared by banks in the Iranian month Aban (Oct. 23-Nov.21) -- showing 0.…

Tehran Stock Exchange’s main index TEDPIX gained 535.80 points or 0.33% on Sunday to end trading at 161,309.8.  More than 2.56 billion shares valued at 8.29 trillion rials ($77.54 million…

As the bloody seven-year-old civil war in Syria winds down, the monumental task of rebuilding the country’s infrastructure is, and will be for a long time, the top priority in Damascus.

Provisions of Note 5 of next year’s budget give details about Islamic bonds the government intends to issue in  the next fiscal year that begins in March 2019. 

Refinery and chemical shares led a broad market rally Saturday, lifting TEDPIX and IFX to their second consecutive day of gains. Stocks began the day in positive territory and steadily climbed…

After unexpected gains in currency rates over the past week, the market returned to stability on Thursday. On the last trading day of the Iranian week, the US dollar dropped below the…

Tehran Stock Exchange closed the first week of winter with a positive return. TSE’s main index, TEDPIX, stood at the level of 158,000 points on Wednesday, up 2,000 points compared with the last…

Majlis Research Center, the powerful arm of parliament, has issued a warning about the next wave of inflationary pressure as a direct consequence of the exploding liquidity. 

Home prices in Tehran increased and property deals declined in the ninth month of the current Iranian year, Azar (ended Dec. 21), the Central Bank of Iran said.

A survey by the Majlis Research Center, the parliamentary research arm, says security of investments declined slightly in the first quarter of the current fiscal that ends in March 2019,…

As part of the next year's budget bill submitted to the Majlis on Tuesday, fifty trillion rials ($446 million) will be allocated to Bank Maskan - the main housing bank – to help the government-…

Tehran Stock Exchange main index (TEDPIX) recorded the highest return on investment compared to the main index of global capital markets in the UAE, Saudi Arabia, Turkey, USA, Germany, France,…

Iran's main stock market rose on Wednesday, after investors' enthusiasms for bank and auto stocks along with foreign exchange rate rises helped to lift the market and pare Tuesday's losses.…

Home prices are rising, but not in keeping with the pattern usually seen in Iran. Investors now seem reluctant to put their money in the construction business.    The housing sector,…

A total of 5.27 million tons of finished and semi-finished steel products were exported from Iran during the first eight months of the current fiscal year (March 21-Nov. 21) to register a 2.09%…

Foreign exchange rates on Tuesday registered dramatic increases after weeks of stability that saw the rial recover much of its earlier losses. The US dollar was traded 115, 000 in the afternoon…

Iranian steel mills produced 22.5 million tons of crude steel during January-November, up 17.3% compared with last year’s corresponding period, according to the latest report released by World…