Residency Rules Eased for Foreign Investors

EghtesadOnline: The government has eased conditions for foreign investors applying for residence permits by reducing the minimum investment.

CBI: No-Nonsense Approach to Banks

EghtesadOnline: The Governor of Central Bank of Iran Ali Salehabadi said the bank will undertake comprehensive reforms in the new Iranian year that started on March 21.

TEDPIX Slightly Higher

EghtesadOnline: Leading a lukewarm session on Tuesday, the benchmark of Tehran Stock Exchange, TEDPIX, ended trade slightly higher.

Foreign Debt Down 7%

EghtesadOnline: Iran’s foreign debt reached $8.47 billion by the end of the calendar month to January 21.

New Platforms Will Boost Share Market Supervision

EghtesadOnline: The Securities and Exchange Organization on Tuesday unveiled four new platforms to improve its oversight of stock market trade.

Term Deposits Rise 40%

EghtesadOnline: The Central Bank of Iran reported 40% rise in term deposits on an annualized basis by the end of the 10th calendar month to Jan. 20.

New Tax Rules Could Force Changes in Investment Funds

EghtesadOnline: The decision to tax bank deposits of legal entities may force investment funds in the capital market to change track in their asset portfolios, Mohsen Khodabakhsh, the vice chairman of board of directors of the Securities and Exchange Organization said Monday.

Changes Expected in Auto Insurance Rules

EghtesadOnline: The parliament is working on legislation that will cap payouts in third-party auto insurance coverage for luxury cars.

Negotiable Instruments to Complement SCF Program

EghtesadOnline: Electronic negotiable instrument will become tradable in the equities market in the near future, an official at the Economy Ministry said.

Dollar Climbs 1.5%

EghtesadOnline: Forex rates saw big swings in the past two sessions in the unofficial currency market in Tehran with prices moving up on Sunday.

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