Civil Servant Pension Fund Market Debut

The Capital Investment Management Group, the financial holding of the Civil Servants Pension Organization (CSPO), is to make stock market debut on Wednesday.
In the initial public offering, the company said it will offer 15% of the stake comprising …

The Capital Investment Management Group, the financial holding of the Civil Servants Pension Organization (CSPO), is to make stock market debut on Wednesday. In the initial public offering, the company said it will offer 15% of the stake comprising 1.35 billion shares at the Tehran Stock...

Loan Relief for Businesses

As part of the government’s plan to support businesses battered by the Covid-19 pandemic, banks and credit institutions have been told to be flexible regarding delays in the repayment of loans.
The Central Bank of Iran Sunday informed lenders of dec…

As part of the government's plan to support businesses battered by the Covid-19 pandemic, banks and credit institutions have been told to be flexible regarding delays in the repayment of loans. The Central Bank of Iran Sunday informed lenders of decisions taken by the taskforce to curb the...

Iran's CB: Forex Blocked in S. Korea Used to Import Vaccines

The Central Bank of Iran said 200 million yuan ($31.25 million) in blocked forex in South Korea has been used for importing vaccines.
The money was paid for another batch of China’s Sinopharm Covid-19 vaccine, the CBI said in a press release publish…

The Central Bank of Iran said 200 million yuan ($31.25 million) in blocked forex in South Korea has been used for importing vaccines. The money was paid for another batch of China's Sinopharm Covid-19 vaccine, the CBI said in a press release published Friday on its website. Sinopharm was to...

۳,۰۰۰ Illegal Cryptomining Hardware Seized in a Week

The move to shut illegal cryptomining farms has gained pace in recent weeks following the President Hassan Rouhani’s order on banning cryptomining by the end of summer to alleviate pressure on the national power grid.
Iran Power Generation, Distribu…

The move to shut illegal cryptomining farms has gained pace in recent weeks following the President Hassan Rouhani's order on banning cryptomining by the end of summer to alleviate pressure on the national power grid. Iran Power Generation, Distribution and Transmission Company (Tavanir)...

Iraq Says Will Soon Clear Debts to Iran

Iranian and Iraqi officials have agreed upon an arrangement for settlement of Baghdad’s debts to Tehran, said spokesperson of Iraq’s Ministry of Electricity.
“There are debts that we have to pay to Iranian sides…we reached an agreement over a timefr…

Iranian and Iraqi officials have agreed upon an arrangement for settlement of Baghdad's debts to Tehran, said spokesperson of Iraq's Ministry of Electricity. "There are debts that we have to pay to Iranian sides…we reached an agreement over a timeframe for repaying debts and Iran is to resume...

Forex Continues Its Ascent

After a short hiatus a session earlier, forex rates bounced back on Tuesday spurred mainly be political developments.
The dollar moved above 240,000 rials and was quoted as high as 241,500 rials in Tehran’s open market or 1.8% higher. On Monday it w…

After a short hiatus a session earlier, forex rates bounced back on Tuesday spurred mainly be political developments. The dollar moved above 240,000 rials and was quoted as high as 241,500 rials in Tehran’s open market or 1.8% higher. On Monday it was worth 237,500 rials. The UK pound sterling...

Cryptomining Banned in Summer

To alleviate pressure on the national power grid and prevent blackouts President Hassan Rouhani on Wednesday ordered a ban on all cryptomining until the end of summer.
“Even licensed cryptominers must stop. The Ministry of Industries, Mining, and Tr…

To alleviate pressure on the national power grid and prevent blackouts President Hassan Rouhani on Wednesday ordered a ban on all cryptomining until the end of summer. "Even licensed cryptominers must stop. The Ministry of Industries, Mining, and Trade; the ICT Ministry and the Energy Ministry...

Tehran’s Bitcoin Trade Is Estimated at $174m a Day

A study conducted by the High Council of Cyberspace shows total bitcoin trade in Tehran alone amounts to approximately  ۳۰-۴۰ trillion rials ($130-174 million), the council’s secretary,  said.
“The central bank should develop regulations for cryptoc…

A study conducted by the High Council of Cyberspace shows total bitcoin trade in Tehran alone amounts to approximately  30-40 trillion rials ($130-174 million), the council's secretary,  said. "The central bank should develop regulations for cryptocurrency exchanges. They are worried about a...

Iran's Forex, Gold in Retreat Mode

While precious metals rise in international markets, the domestic bullion market did not waver under the omnipresent influence of the currency market in Tehran.
Foreign exchange rates retreated again on Wednesday with the dollar losing more than 1.7…

While precious metals rise in international markets, the domestic bullion market did not waver under the omnipresent influence of the currency market in Tehran. Foreign exchange rates retreated again on Wednesday with the dollar losing more than 1.7% to reach 227,500 rials. Greenback trade has...

Metal Company IPO Disappoints

Iran Fara Bourse, the junior equity market in Tehran on Wednesday hosted an initial public offer for shares of a metal company on Wednesday.
Iranian Lead and Zinc Production and Development Company offered 15% of its stake comprising 75 million shar…

Iran Fara Bourse, the junior equity market in Tehran on Wednesday hosted an initial public offer for shares of a metal company on Wednesday. Iranian Lead and Zinc Production and Development Company offered 15% of its stake comprising 75 million shares, out of a total 500 million shares of the...