National Reinsurance Company Planned: CII
EghtesadOnline: Last year the CII said it had reduced the share of mandatory reinsurance both in life and non-life segments for the current fiscal year to help empower reinsurance firms.
Stocks in Freefall
EghtesadOnline: Tehran Stock Exchange's main index, TEDPIX, lost 64,663.32 points or 3.20% on Monday to end at 1,956,634.03 and the TSE equal-weighted index plunged 2.93%.
$1.4 Billion Given in Collateral-Free Loans
EghtesadOnline: Bank Sepah was in the lead with $361 million to an estimated 630,000 applicants, accounting for 21% of the total. Mehr Iran Qarz Al-Hasanah Bank ranked next with $263m to 430,000 applicants, followed by Tejarat Bank with $202m to 141,000 people in need.
Shares Falter Again
EghtesadOnline: Tehran Stock Exchange's main index, TEDPIX, lost 49,591.58 points or 2.39% on Sunday to end at 2,021,297.64 and the TSE equal-weighted index plunged 2.68%.
CII Updates Insurers’ Risk Retention Limits
EghtesadOnline: The Central Insurance company of Iran (CII) has released a report on the risk retention capacity of domestic insurers adding three new companies to the list.
What is the difference between a Canada business visa and a visitor visa?
Many foreign nationals travelling to Canada on business or will attend conferences or meet clients on the other side of the border, needs Business Visitor Visa.
BANKS 2 Check! Insurance API Gateway Not Mandatory for Now
EghtesadOnline: The head of Sanhab Company, the body in charge of managing the online database of insurance industry, says startups are not obliged to connect to the regulatory body’s central API gateway.
Listed Banks Paid $1.4B Interest on Deposits in Q1
EghtesadOnline: According to the financial statements of 12 banks listed in the capital market, Bank Pasargad topped the list in terms of the paid returns, followed by Bank Mellat and Bank Tejarat with 145 trillion rials ($290 million) and 115 trillion rials ($230 m).
Stocks Fall
EghtesadOnline: Tehran Stock Exchange's main index, TEDPIX, lost 18,774.98 points or 0.86% on Sunday to end at 2,176,359 and the TSE equal-weighted index fell 0.85%.
Q1 Sees 3.9% Growth in Money Supply: CBI
EghtesadOnline: As per the numbers, it has managed to control the increasing trend in the broad money bringing it down to 31.1% by the end of the last year. The figure stood at 39% in March 2022 and 40.6% in March 2021.