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September 04,2020
The government sold 23.2 trillion rials ($100 million) in Islamic bonds in the interbank and stock market in the weekly CBI auction.
The auctions are held to raise funds for government spending...
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September 04,2020
The stock market regulator met with institutional buyers, main stockholders and market markers on Thursday to mull ways to prop up the market suffering from retail traders distrust and sell-offs...
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September 02,2020
Tehran stocks again saw shareholders rushing for the exits at the close of trading session on Wednesday as investors’ hope about the market returning to the good old days faded.
The benchmark of...
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September 02,2020
The Central Bank of Iran in a bid to help facilitate micropayments on Tuesday unveiled a regulatory framework for fintechs dealing with electronic wallets.
Banks and credit institutions are now...
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September 02,2020
The government divested shares worth 272 trillion rials ($1.2 billion) in 16 state-owned companies in one year ending August 2019, the Iranian Privatization Organization said a report.
According...
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September 01,2020
The Central Insurance company of Iran, the regulatory body, has plans to require insurers to convert all insurance procedures into digital format by the end of the current fiscal year in March 2021...
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September 01,2020
A total of 9,080 homes were sold in Tehran during the fifth month of the current fiscal year (July -Aug. 21), registering a 35.4% decline compared with the preceding month and a 175.8% growth...
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September 01,2020
The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741 points.
Sell-off hit most ticker symbols of large-cap shares from the...
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September 01,2020
Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehran’s open market compared to prices quoted Thursday.
The greenback was traded...
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September 01,2020
Eghtesad Novin Bank, also known as EN Bank, put some of its nonfinancial assets on sale becoming the first private lender to tap the capital market for surrendering assets.
The bank placed a...
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August 31,2020
The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance.
In a notice posted on its...
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August 31,2020
Tehran stocks opened trade on Monday on a strong note amid rising demand for blue chips before retreating as offers increased by jittery investors.
The main index of Tehran Stock Exchange, TEDPIX...
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August 31,2020
The Economy Ministry has reported the performance of the domestic capital market in the year ending August 2020.
It said the capital market had grown dramatically largely due to a package of...
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August 30,2020
Contrary to authorized payment companies, banks have welcomed Iran’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network fees,...
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August 30,2020
The Central Bank of Iran’s monetary and forex policy is resilient and has resisted the perpetual hostility and economic sanctions of the United States, the bank’s governor said.
In a note posted...
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August 30,2020
The Central Bank of Iran in a statement said it will resort to legal action to counter efforts to seize its assets at Deutsche Boerse’s Clearstream unit.
The statement was in response to reports...
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August 26,2020
Tehran stocks pared more losses on Wednesday as demand for shares increased and investors began to line up in the buy spot.
The main gauge of Tehran Stock Exchange, TEDPIX, climbed further 4.16%...
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August 26,2020
Mineral companies affiliated to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) joined hands Wednesday to set up a fund for supporting listed mineral...
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August 26,2020
Banks and non-bank credit institutions can offer electronic wallets to help facilitate micro transactions, says the Money and Credit Council, the highest supervisory and regulatory body of Iran's...
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August 26,2020
The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government. It issued a three-...
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August 25,2020
State-owned Bank Melli Iran, the largest domestic lender, says it ceded nonfinancial assets worth 26.13 trillion rials ($113 million) in the first five months (March 20- August 21) of the current...
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August 25,2020
Investors in the Tehran stock market heaved a sigh of relief Tuesday as market indicators turned green after eleven sessions of bear market.
The main index of Tehran Stock Exchange, TEDPIX,...
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August 25,2020
The Iranian Privatization Organization published a notice Tuesday outlining details about subscription of government shares in four refineries via an exchange-traded fund.
It called on the public...
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August 25,2020
Foreign currencies recorded gains Tuesday in Tehran’s free market. The dollar shot up 3,600 rials, or 1.54%, to reach 233,000 rials. It had registered meager declines earlier in the week.
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August 24,2020
Following digitizing plans for the insurance industry, the Central Insurance company of Iran Monday unveiled new supervisory platforms for the transport and fire insurance categories.
The CII...