Market News * Tejarat Kousha Sepahan, a private joint stock company active in railway transportation, succeeded to surpass the initial stages of issuing corporate Sukuk Istisna on Iran Fara Bourse to cover its IRR 768 mn (cUSD 17.64 mn) need of capitalization providing the company with 300 new Freighter wagons. These new securities have a maturity of 4 years with a […]

The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income tax would hurt the Iranian financial system. Jafar Mehdizadeh, director of the Economic Research and Policy Development Department, however, acknowledged that […]

Market News * Admitting to hurdles with which Iran Banking Sector is faced in actively working with major international players, which have also kept Iranian banks behind their international counterparts, including adhering to Anti-Money Laundering rules and Fighting Terrorism Finance frameworks as well as Basel Committee Standards, Iranian officials have announced the establishment of 800 correspondent banking […]

TSE’s main index TEDPIX jumped 2,391 points or 2.5% during the week that ended on Dec. 27 to close at 97,899.2. The benchmark index of the smaller over-the-counter exchange Iran Fara Bourse gained 0.8 points or 0.1% during the week to stand at 1,082.6. TSE bulls faced benchmark correction on Tuesday after hitting an all-time […]

The Central Bank of Iran, in tandem with the Economy Ministry, is actively pursuing anti-money laundering measures to bring down crimes and violations in the banking system to zero in the foreseeable future, CBI’s director general for regulations, banking permits and anti-money laundering said. Ahead of the major annual Electronic Banking Conference that is to […]

Central Insurance of Iran, the industry’s sole regulator, is not pursuing the reduction of the state-owned Iran Insurance Company’s market share, as it holds high untapped potential, the CII chief said. “In adding to the share of private insurance companies, CII has no plans to reduce the market share of Iran Insurance Company, but we […]

Hard-hitting sanctions drove the Central Bank of Iran to direct the bulk of its focus toward boosting economic growth and job creation, and as the vice governor of the regulatory entity outlines, those policies are now increasingly bearing fruit. Akbar was in the central province of Yazd late Wednesday to take part in a meeting […]

In their first meeting, the European Union’s foreign policy chief, Federica Mogherini, and US Secretary of State Rex Tillerson spoke “at length” about terrorism, Russia, the Iran nuclear deal and Ukraine, the EU said in a statement. Mogherini was in Washington on Thursday and Friday, for the first time since Donald Trump became president. She […]

Last Thursday there was a one day workshop in Frankfurt with the aim of familiarizing German banking community with Iranian banks’ performance. In this workshop two experts from Azmoon Pardaz Iran Mashhood Audit Firm were invited by AKA of Germany together with two Price water house Coopers (PwC) professional staff to present Iranian banking system […]

A single-digit inflation rate is achievable by the end of President Hassan Rouhani tenure, says the Minister of Economic Affairs and Finance Ali Tayyebnia, adding that “it is natural to see a slow-down in the declining trend of inflation rate when you start from a rate above 40%,” IRNA quoted him as saying. In its […]