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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

Tehran Stocks rallied on Monday as the unprecedented surge in currency rates continued to boost investor sentiments over future rise in share prices.  The benchmark of Tehran Stock Exchange, TEDPIX, gained 40,000 points, climbing 3.12% to extend a winning streak into the sixth day. TEDPIX closed trading session at 1,341,531 points.  As seen in previous […]

Trade between Iran and EU member states during January-April stood at €1.47 billion to register a 2.5% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show. Germany, Italy and the Netherlands were Iran’s top three trading partners in the European bloc with bilateral exchanges standing at €628.3 million […]

With 3.18 million tons of output, Mobarakeh Steel Company had the largest share of steel production in Iran during the first two months of the current fiscal year (March 20-May 20). The company produced 1.46 million tons of finished steel during the period, to register a 2% decline compared with last year’s corresponding period. In […]