EghtesadOnline: Tehran stocks took an unexpected drubbing Monday following reports that the government had a change of heart and was suspending share offers in four refineries via exchange-traded funds.
EghtesadOnline: The Central Bank of Iran said it will implement more aspects of open market operation that involves regulating the borrowing of lenders from the CBI by obliging them to put up enough collateral when seeking funds.
EghtesadOnline: Iran’s stock market made funds available for businesses to the tune of 1,290 trillion rials ($9.9 billion) in the first nine months (March 20- Dec 21) of current fiscal year, the Tehran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: Minister of Roads and Urban Development Mohammad Eslami says flooding has inflicted damages on roads, bridges and waterways of the southeastern Sistan-Baluchestan Province worth 7,000 billion rials ($53 million).
EghtesadOnline: The Ministry of Industries, Mining, and Trade is planning a bigger role for the stock market in funding the industrial sector, the Minister said.
EghtesadOnline: Amid the looming return of desert locusts, First Vice President Es’haq Jahangiri has called on Interior Minister Abdolreza Rahmani Fazli and the head of Plan and Budget Organization, Mohammad Baqer Nobakht, to provide the required funding to fight the pest.
EghtesadOnline: Iran National Innovation Fund has allocated 110 billion rials ($900,000) to knowledge-based companies active in North Khorasan Province in the current Iranian year (started March 21).
EghtesadOnline: Lawmakers discussed a bill about financial and administrative regulations for the Education Ministry and voted to allocate one percent of revenues earned by state-owned banks and firms as well as affiliated for-profit institutions to help promote educational equity, improve teachers’ livelihood, increase spending for education and reimburse teachers' overdue payments.
EghtesadOnline: T ehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment.
EghtesadOnline: A serious hurdle impeding renewable projects is non-allocation of the tax levied on electricity subscribers to wind and photovoltaic initiatives.