As Duopoly Ends, Giant Petrochem Company to Set Up Investment Bank

Persian Gulf Petrochemical Industries Company has got the go ahead from the High Council of Securities and Exchange, the stock market policymaker, to set up an investment bank.
The primary significance of the move lies in the fact that establishing …

Persian Gulf Petrochemical Industries Company has got the go ahead from the High Council of Securities and Exchange, the stock market policymaker, to set up an investment bank. The primary significance of the move lies in the fact that establishing investment banks was forever the duopoly of...

Illicit Cryptominers Are Cause for Concern in Iran

Legal cryptomining accounts for 13% of the total electricity used by this sector in Iran, the spokesman for the Iran Power Generation, Distribution and Transmission Company (Tavanir) said, expressing renewed concern over possible blackouts in the sum…

Legal cryptomining accounts for 13% of the total electricity used by this sector in Iran, the spokesman for the Iran Power Generation, Distribution and Transmission Company (Tavanir) said, expressing renewed concern over possible blackouts in the summer season. "An estimated 1,500 megawatts is...

Iran: Majlis Enters the Crypto Fray

The growing interest in investments in cryptocurrencies among Iranians has raised Majlis concerns with the speaker on Thursday calling on financial authorities to exercise caution in dealing with the controversial issues related to cryptocurrencies.

The growing interest in investments in cryptocurrencies among Iranians has raised Majlis concerns with the speaker on Thursday calling on financial authorities to exercise caution in dealing with the controversial issues related to cryptocurrencies. "Imposing a ban on crypto trade in and of...

US Sanctions Should Not Stop European Business With Iran

A legal adviser to the European Union’s top court said a German company was wrong to terminate its contract with an Iranian bank if its only justification was concern about becoming entangled in US sanctions on Iran.
The opinion Wednesday is not bin…

A legal adviser to the European Union’s top court said a German company was wrong to terminate its contract with an Iranian bank if its only justification was concern about becoming entangled in US sanctions on Iran. The opinion Wednesday is not binding and the case will not go to the European...

Iran's CB Averts US Bid to Seize Its Assets Locked in Luxembourg

The Central Bank of Iran said it legal efforts prevented a Luxemburg court order to transfer its forex assets to the United States.
In a statement on its website, the CBI said a Luxembourg court ruled that Iranian funds locked in the European countr…

The Central Bank of Iran said it legal efforts prevented a Luxemburg court order to transfer its forex assets to the United States. In a statement on its website, the CBI said a Luxembourg court ruled that Iranian funds locked in the European country cannot be transferred overseas without...

SEO Rolls Back Decision on Daily Price Spread

The Securities and Exchange Organization, the stock market regulator, Monday restored the daily stock price limitation to where it was in February when it decided to control limit ups and downs to boost the depressed bourse.
Under the wrong impressi…

The Securities and Exchange Organization, the stock market regulator, Monday restored the daily stock price limitation to where it was in February when it decided to control limit ups and downs to boost the depressed bourse. Under the wrong impression that by setting limits on daily share prices...

Iran: Need for All-Inclusive Crypto Regulations

Experts and private sector representatives say the parliament needs to expand the scope of cryptocurrency regulations to cover crypto trade and restrain the bureaucracy tied to obtaining government licenses.
The Majlis is in the process of developin…

Experts and private sector representatives say the parliament needs to expand the scope of cryptocurrency regulations to cover crypto trade and restrain the bureaucracy tied to obtaining government licenses. The Majlis is in the process of developing a legal framework to allow crypto trade, said...

Iranian Banking Industry Wants Definite Sanctions Relief

Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers.
“The removal of sanctions against the central bank, Iranian banks, SWIFT, and any money…

Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers. “The removal of sanctions against the central bank, Iranian banks, SWIFT, and any money transfer between them and major foreign...

Currency and Gold Climb in Iran

Currency and gold prices increased on Monday contrary to expectations of the Central Bank of Iran that rates will decline as the Iran nuclear talks in Vienna make progress.
The dollar gained 2.54% to be sold at 219,200 rials in Tehran’s free market,…

Currency and gold prices increased on Monday contrary to expectations of the Central Bank of Iran that rates will decline as the Iran nuclear talks in Vienna make progress. The dollar gained 2.54% to be sold at 219,200 rials in Tehran’s free market, Eghtesadnews reported. Bank-affiliated...

Iran: Dollar Trims Losses

Foreign exchange rates climbed on Saturday despite expectations that the prices would decline due to the diplomatic efforts in Vienna related to Iran’s nuclear agreement.
The dollar was sold at 214,800 rials in Tehran’s free market, posting 1.16% in…

Foreign exchange rates climbed on Saturday despite expectations that the prices would decline due to the diplomatic efforts in Vienna related to Iran’s nuclear agreement. The dollar was sold at 214,800 rials in Tehran's free market, posting 1.16% increase compared to Thursday's close, Eghtesad...