Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi signed nine bilateral agreements, including an 18-month lease of part of the Iranian port of Chabahar, near the Pakistan border, to India for an $85 million development project during a meeting in New Delhi on Feb. 17. Modi said the port deal would help expand […]
Top representatives of Bank Melli Iran, the country’s biggest bank, and Spain’s Aresbank met on Tuesday to prepare the ground for expanding ties in the near future. “The requirements for allocating short- and long-term facilities have been determined and Aresbank is ready to discuss this,” Luis Casado, general manager of the Spanish lender, was quoted […]
Market News – In order to maintain the current calm situation of the FX market, a new wave of Islamic Treasury Bills with a nominal yield of 20.5% will be issued on Iran Fara Bourse from Saturday, Mar 10, 2018.” Said Nobakht the Spokesperson of the Government of Iran. President Rohani’s administration tried hard to leash USD/IRR before by introducing […]
Tehran Stock Exchange’s main index gained a feeble 2.34 points to end Monday trade at 98,100.8, indicating a 0.002% uptick compared to Monday. About 958 million shares valued at $43.28 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Iran Manganese Mining […]
As lackluster banking relations have hampered Iran’s economic prospects despite the lifting of sanctions after the implementation of the 2016 nuclear deal, it looks like the country’s ties with Russia and banking links are expanding. Mir Business Bank, the Russia-based subsidiary of Bank Melli Iran, is also to play an instrumental role in the expansion […]
The Financial Action Task Force finally issued a public statement about Iran on Friday, ending months-long speculations about the fate of a country it has kept on it blacklist for almost a decade. The statement is ambivalent in tone, which neither fulfills Iran’s best hope of quitting the blacklist nor does it justify the worst […]
Cooperation between the insurance industry and capital market could help control the volume of liquidity, whose rise has triggered concerns in recent years, the head of the Central Insurance of Iran said. “If that is the case, it can prove immensely helpful to the manufacturing sector of the country,” Abdolnasser Hemmati was also quoted as […]
Tehran Stock Exchange’s main index gained 18.31 points or 0.02% to end Monday trade at 98,098.5. About 978 million shares valued at $74.40 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Iran Khodro Axle Manufacturing Company was the biggest riser, going […]
Market News – On the 7th conference on Monetary Policies and Challenges Ahead Iran Banking Sector and Production held yesterday, the modernization and independence of the Iran Central Bank were deeply discussed. Resorting to examples like the operation of non-regulated financial institutions plus the divergence between the interest rate on banking deposits and the declining inflation rate to stress on the necessity of the CBI independence, […]
Market News – After the offering of Iran Central Bank rescue package and only in 5 working days, a figure of IRR 1,010,000 bn (cUSD 22.56 bn) from nation’s money supply (e.g. liquidity) migrated from streets to 20% bank deposits. Emphasizing on that, the chair of CBI announced that the other two tools of mentioned rescue package […]
