After a brief hiatus a session earlier, the downward trend in Tehran’s share market resumed on Tuesday with sell-off sweeping across all share categories. Major stocks saw the biggest decline…
Business And Markets
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Trade at the Iran Mercantile Exchange reached 2,580 trillion rials ($9.5 billion) in the first half of current fiscal year (March 21-Sept 22), the highest since its inception in 2006. Total…
Iran Export Federation in a letter to the Majlis voiced concern over a proposal by lawmakers to criminalize exporters for not returning their overseas income on time.
Iran’s external debt decreased slightly to $8.84 billion by up until August, the central bank reported. The foreign debt is 1.06% or $95 million lower compared to the figure reported for the…
Iran Power Generation, Distribution and Transmission Company, Tavanir, has warned about the possibility of power cuts in winter, considering the persisting pressure on the national grid…
Tehran stocks on Sunday extended big losses incurred a session earlier with sell-off particularly hitting most small caps. The main gauge of Tehran Stock Exchange, TEDPIX, shed 10,420.55 points…
The Economy Minister Ehsan Khandouzi said banks need to focus on ways and means to strengthen the economy saddled with high inflation, rising prices, low productivity, joblessness, declining…
Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year. Banks' foreign assets posted…
Money supply has jumped to unprecedented levels as government borrowing from the Central Bank of Iran takes on extraordinary proportions. CBI data on Saturday show the net value of government’s…
Tax on stock trade took a drubbing in the first six months of current fiscal year (March 21- Sept 22) under a persistent bearish trend.
Tehran stocks opened the week on Saturday under renewed sell-side pressure in almost all categories, bucking a rising trend that lasted for eight sessions in a row. The benchmark of Tehran…
The Trade Promotion Organization of Iran again extended the forex realization timeline for exporters and temporarily suspended legal action against non-compliant companies. Forex repatriation…
Total deposits in banks and credit institutions grew by 47% by the end of the first quarter of the current fiscal year (started March 2021), to 43,149 trillion rials ($158.6 billion). Deposits…
Ali Salehabadi was appointed Wednesday as the new governor of Central Bank of Iran. He replaces Akbar Komijani. Salehabadi, 43, is a former CEO of the Export Development Bank of Iran. He also…
Iran's domestic payment transaction network, Shaparak, processed more than 3.42 billion transactions in the month to September 21, marking an 8.49% growth compared to the month before and up 17.…
Interbank rates continued to rise this week for the sixth consecutive week amid the central bank’s expansionary measures. It surged to 19.35% to hit the highest level in the current…
As the budget deficit expands, the Economy Ministry has asked the government to divest a part of its stakes in seven companies. According to a press release published on the Cabinet…
Loans are generally insufficient to plug housing affordability gaps, so a more sustainable solution is to tackle the factors that make costs so prohibitively high in the first place, Gholamreza…
The High Council of Insurance, the regulatory body of Iran’s insurance industry, decided on Sunday to suspend the controversial agent commission framework. According to a press release seen on…
The managing director of Securities and Exchange Organization in a letter asked the economy minister to reconsider mandatory prices for the auto sector. Mohammad Ali Dehqan-Dehnavi said…
Sell-side pressure continued to take a toll on Tehran stock market on Sunday after reporting gains a session earlier. The benchmark of Tehran Stock Exchange, TEDPIX gained 3,213.65 points or 0.…
The Majlis Research Center says the March 2021-22 budget is facing “huge deficits” and needs early reconsideration to minimize its detrimental impact on the economy.
The Central Bank of Iran says it has plans to further increase the repatriation of foreign currency by exporters, noting that it is not too concerned about meeting forex demand. "The integrated…
The vice president for economic affairs on Saturday announced the government’s plan of action to “facilitate exports and improve import management.” Mohsen Rezaee communicated the provisions of…
Tehran stocks opened trading week on Saturday on upbeat mode as promising half-yearly reports of companies shifted investors’ attention to commodity stocks. The benchmark of Tehran Stock…
