Market News – The head of Iran Central Insurance, Naser Hemmati, announced that Iran Insurance sector companies have three (3) years to comply their financial statements in line with IFRS reporting standards. A work group comprising of experts from Securities and Exchange Organization (SEO), Central Insurance and Audit Organization are responsible to coordinate the GAAP analysis and make the bed for a smooth […]

Tehran Stock Exchange’s main index shed 516.96 points or 0.53% to end Saturday trade at 97,782.73. About 649.07 million shares valued at $34.34 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Sina Chemical Industries Company was the biggest riser, going up […]

Data released by the Central Bank of Iran on Wednesday show that the regulator has enjoyed a healthy boost to its foreign assets in the past 12 months. According to the monetary and banking indicators pertaining to the ninth month of the current fiscal year to Dec. 21, the central bank had 3.70 quadrillion rials […]

Market News – Farabi Cinema Foundation CEO, Alireza Tabesh, announced entrance of the very first Iranian movie VC fund into Iran’s Capital Market. The fund is to make the bed for better financing of Iranian movies hand in hand with HONAR credit fund and other financial intermediary institutions. These new funds shall be in line with SEO’s guidelines and the regulator must provide its […]

In about 10 days from now, the Financial Action Task Force–an international anti-money laundering group–will hold its regular plenary meeting in Paris to consider, among other items on its agenda, the Islamic Republic of Iran’s progress report on implementing an action plan to improve its anti-money laundering and combating the financing of terrorism system. Under […]

Market News – Following the recent heated demand for foreign exchange in the market and IRR rally to 47,500 level against USD, which was also accompanied by officials warning about risks of speculations, the governor of the Central Bank of Iran announced the issuance of foreign currency bonds in the country within the next 2 weeks to provide those […]

Lawmakers have forced the insurance industry to pay millions of dollars more in taxes to the government in a move that has irked the head of Central Insurance of Iran, the entity in charge of regulating the industry. In an open session of the parliament on Monday, 140 lawmakers from a total of 200 voted […]

Iran’s debt market is witnessing a creeping growth in its yield to maturity over the trading of a new batch of Islamic Treasury Bills on Iran Fara Bourse. About 76,000 of the new batch of 17 million ITBs priced at 865,000 rials each with the ticker “TB191” were traded at IFB on Monday. Their YTM […]

The regressive structure of Iran’s bank income and fee system will only entail higher costs for the lenders already facing a hefty credit crunch, a senior banker said. Alireza Lagzaei, deputy CEO of Bank Mellat, added that Iranian banks paid more than 50 trillion rials ($1.07 billion) in fees during the previous fiscal year. “It […]

Market News – Today 10% of Shouyande (detergent) Industry Management Co. (SHOY1) offered to public on Tehran Stock Exchange and 100 mn shares of the company got listed among Chemical tickers. The estimated price range during book building was from IRR 2,600 to IRR 2,730 and finally the ticker priced at IRR 2,730. SHOY1 is a subsidiary of Behshahr Industries […]