Tehran Stocks Higher
EghtesadOnline: Tehran Stock Exchange's main index, TEDPIX, gained 20,562.49 points or 0.82% on Saturday to end at 2,535,236.56.The TSE equal-weighted index climbed 1.70%.
Shares Plunge
EghtesadOnline: Tehran Stock Exchange's main index, TEDPIX, lost 95,068.83 points or 3.75% on Sunday to end at 2,440,167.52. The TSE equal-weighted index plunged 3.45%.
Insurance Market Is Poised For Rapid Growth: CII Data
EghtesadOnline: Iran's insurance market reported decent growth in the last fiscal year (March 2022-23), with the total premium income reaching 1,754 trillion ($3.2 billion).
Banks Raise Fees
EghtesadOnline: New banking fees came into effect on May 7. Lenders may offer up to 30% discount on banking charges to be able to compete with their peers and offer up to 40% discount to knowledge-based companies.
CBI Says to Launch Financial Conviction Registry System
Eghtesadonline: Central Bank of Iran Says to Launch Financial Conviction Registry System
Markets Mixed
Eghtesadonline: Tehran Stock Exchange's main index, TEDPIX, lost 3,659.14 points or 0.15% on Wednesday to end at 2,514,673.41.The TSE equal-weighted index gained 1.24%.
NDFI Shifts Focus on Partnership Projects
Eghtesadonline:The National Development Fund of Iran (NDFI) has a new strategy that shows its investment in projects over and above $100 million will be in the form of partnership, a fund official said.
"Hassanzadeh" Jewellery at the Met Gala 2023
The Met Gala 2023 was held in New York on the first Monday in May. The closure of the ceremony was marked as Joan Smalls, the famous supermodel star, chose Hassanzadeh Jewellery to appear in front of the photographers and journalists at the Gala.
Tehran Stocks Rally
EghtesadOnline: Tehran Stock Exchange's main index, TEDPIX, gained 40,787.23 points or 1.67% on Sunday to end at 2,479,339.73. The TSE equal-weighted index added 1.94%.
Cryptos to Be Used for Imports: TPO
EghtesadOnline: There may be restrictions for using cryptos when dealing with some countries like Iraq, Afghanistan and Pakistan. However, the digital currency can help Iran in export destinations where crypto is used such as China, India and Russia.