Business And Markets

Foreign exchange rates in Tehran dropped sharply on Saturday  and pulled down the gold market.   Struggling near 230,000 rials in early trade, the dollar lost the psychological level…

The National Coronavirus Headquarters has decided that banks should not reject checks with non-sufficient funds. All checks maturing from April 21 to May 9 are covered by the decision, Mohammad…

The Iranian National Tax Administration has announced rules to tax gold coins bought coin from Central Bank of Iran in the last fiscal year that needed in March.

After a short rally driven by an upsurge in large caps last Wednesday, Tehran’s share market was back in negative territory on Saturday. The main index of Tehran Stock Exchange, TEDPIX, shed 13…

Money supply growth made history in the last fiscal year (March 2020-21), reaching the highest in five decades spurred by the high fiscal deficit and Coivid-19.

Banks paid marriage loans worth 7,781 trillion rials to 10,681 newlyweds since the beginning of the current fiscal year (March 21) up until April 24. The loans were given in line with…

Export companies sold forex hawala worth $4.8 billion to the secondary foreign exchange market, known locally as Nima, in the calendar month to April 20. Out of this only $1.3 billion was…

Tehran’s share market closed trading week higher on Wednesday thanks to boosted demand for large caps and investor aversion to penny stocks. 

Insurance and life insurance companies sold 7.14 million life insurance policies in the last Iranian year that ended in March, posting 4.5% growth compared with the year before.  The…

The Majlis Research Center says it welcomes provisions of a bill lawmakers are debating to reform the ailing banking sector. It said the present rules were passed half a century ago, are imbued…

The National Development Fund of Iran, the sovereign wealth fund, is to inject $200 million to help prop up the stressed share market.  The decision has been approved by the Central Bank…

A total of 2,094 homes were sold in the capital city Tehran during the first month of the current fiscal year (March 21-April 20), registering a 60.3% decrease compared with the preceding month…

The Securities and Exchange Organization announced a package of 10 measures on Sunday to help bolster the struggling share market. Three of the measures were passed by the Cabinet and came into…

The Central Bank of Iran announced that as of April 26, the PAYA network, an electronic clearing house, has stopped processing transactions lacking full ID of bank customers.

The value of bounced checks reached 312 trillion rials ($1.24 billion) in the month to March 20, up 37.7% on a monthly basis In terms of volume, dud checks increased 9.5% compared with the…

The Export Guarantee Fund of Iran, the country's state-owned export credit agency, issued more than $3.5 billion in export guarantees in the last fiscal year ending March 20.  It said it…

Tehran stocks pared losses in the early hours of trade on Monday to close near the flatline buoyed by demand for a handful of large caps.  The benchmark of Tehran Stock Exchange, TEDPIX,…

The Central Bank of Iran is willing to reconsider official foreign exchange rates to market rates if the government offers tax exemptions to banks, the CBI governor said. 

Gold prices in Tehran continued to decline on Monday amid lack of demand due to the closure of markets.  The popular Emami gold coin briefly lost the critical 100 million rials to change…

Iranian insurance companies generated 817.3 trillion rials ($3.43 billion) in premium income in the last fiscal year (March 2020-21) posting 37.8% growth compared to the year before. Data…

Tehran stocks fell for the third session in a row Sunday. The main index of Tehran Stock Exchange, TEDPIX, dropped close to 1%.  TEDPIX shed 11,499 points to slip deeper below the critical…

Export companies have met almost 70% of their forex repatriation commitment, head Trade Promotion Organization of Iran said.  “From April 2018 to March 2021, exporters brought back €43.5…

President Hassan Rouhani on Sunday warned that reckless statements by politicians will hurt the stock market.  Speaking at the Government Economic Coordination Headquarters, Rouhani said…

Tehran stocks opened trading week Saturday lower with the main index of Tehran Stock Exchange, TEDPIX, losing 0.64%.  TEDPIX shed 7,705.79 points to drop below the psychological 1.2 million…

Before the Supreme Council of Economic Coordination convenes, a group of 100 stock market experts and managers of listed companies in a letter recommended ways to help lift the sagging bourse.…