Banks Told to Return Seized Indebted Firms

EghtesadOnline: The Central Bank of Iran issued instructions on Saturday to banks to return seized properties to the original owners.

Tehran Stock Exchange Sees Best Day in 2 Months

EghtesadOnline: Tehran stocks opened Saturday on a strong note as demand outweighed supply for the second consecutive session in a row pushing up all market indicators.

Fresh Calls for Building Export-Based Economy

EghtesadOnline: Head of the Central Bank of Iran and the Minister of Industries this week underlined the need to promote non-oil exports.

Corporate Bonds Plunge 18%

EghtesadOnline: Private companies issued sukuk worth 183 trillion rials ($653 million) in the first nine months (March 21-Dec. 21 2021) of current fiscal year.

TCCIM Hails SCF Plan as a Big Step Forward

EghtesadOnline: A member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture has welcomed the new lending policy initiated by the Central Bank of Iran to fund manufactures

Tokenization of Assets Can Inspire Foreign Investors

EghtesadOnline: Linking the capital market to the crypto market can and will encourage foreign investors to put their money in Iran’s capital market using tokens backed by assets, an official with the Stock Market Research Center said.

Life Insurance Sector Is Making Its Mark

EghtesadOnline: Insurance companies generated 799 trillion rials ($2.95 billion) in premium in the first three quarters of the current fiscal year (ends in March – up 36% on the same period last year.

Collateral-Free Micro Loans to Help Boost Lending: CBI

EghtesadOnline: Banks will no longer demand collateral for loans below 1 billion rials, a deputy with Economy Ministry said.

Tax Incentive for POS Devises

EghtesadOnline: The Iran National Tax Administration announced tax exemptions for businesses that register their POS terminals before February 21.

IME Logs $2.2b Monthly Trade

EghtesadOnline: An estimated 7.3 million tons of goods and commodities worth 599 trillion rials ($2.2 billion) were traded in the spot market of the Iran Mercantile Exchange in the calendar month ending Jan. 20.

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