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09Jan 2021

Iran and 27 members of the European Union traded €1.06 billion worth of goods during the third quarter of 2020, to post a 21% decline compared with the previous year’s corresponding period. Figures extracted from Eurostat’s database show Iran exported €206.4 million worth of goods to the union’s member states, recording a 51.2% increase compared […]

11Aug 2020

After a short-lived downturn a day earlier, major currencies climbed again on Monday with the dollar drawing closer to 220,000 rials at the end of trading session.  After losing close to 9% and dropping to 215,000 rials on Sunday, the greenback fell further at the beginning of Monday’s session and sold for 210,000 rials. The […]

10Aug 2020

Renewed investor interest in large-cap stocks pushed the benchmark of Tehran Stock Exchange, TEDPIX, higher on Sunday while many smaller shares closed under sell-off.  The TSE’s main gauge gained 44,318 points to climb 2.18% and closed trading session at 2,078,511 points, further strengthening above the critical 2 million points.   TSE’s equal-weighted index gained less […]

01Aug 2020

Five industrial projects worth 56 trillion rials ($237 million) were inaugurated in three provinces by President Hassan Rouhani via videoconference meetings on Thursday. The inaugurations are part of the government’s plan to launch 200 industrial, mining and trade projects worth 1.69 quadrillion rials ($7 billion) across the country by the end of the current fiscal […]

25Jul 2020

Approximately 1,045.4 trillion rials ($4.75 billion) were made available to companies via Iran’s capital market in the first quarter of the current fiscal year (March 20-June 20).  Market contribution to fund listed companies grew 4.6 times, or 360%, compared to Q1 last year when the share of capital market finance was 228 trillion rials, the […]

20Jul 2020

Building on the memorandum of understanding signed earlier with the Securities and Exchange Organization to expedite listing private companies, the Iran Chamber of Commerce, Industries, Mines and Agriculture said it is facilitating the first phase of the MoU.   In June a MoU was signed by private sector representatives and stock market authorities to create […]

13Jul 2020

Atotal of 11.24 million tons of iron ore pellets were produced in Iran during the first quarter of the current Iranian year (March 20-June 20) to register a year-on-year decline of 2%. Golgohar was the largest producer with 3.09 million tons (down 1% YOY). It was followed by Mobarakeh Steel Company with 1.92 million tons […]

08Jul 2020

Adding another 1.68%, the benchmark of Tehran Stock Exchange, TEDPIX, moved 28,786 points higher to close at 1,747,136.  The equal-weighted index closed at flatline and retreated 0.07% to settle at 483,002, showing that the large-cap shares were winners as seen in most recent sessions. The index gives the same weight to shares of all listed […]

30Jun 2020

Iran exported 1.67 million tons of agricultural and food products worth over $890 million during the first two months of the current fiscal year (March 20-May 20), the Agriculture Ministry reported. The figures indicate a 19.44% rise in tonnage but an 8.79% decline in value compared with last year’s corresponding period, the data show. Watermelon […]

27Jun 2020

Tax incentives are bein considered for new companies that want to list on the stock market in the current fiscal year (March 2020-21).  The proposal was floated by the Ministry of Economy at the High Council of Economic Coordination- an ad hoc economic decision-making body comprising heads of three branches of power- and approved therein, […]