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 […]

Market News – The Central Bank of Iran (CBI) put Iran Economy inflation at 9.9% for 12 months ended February 19th, while it stood at 10% in the previous month. According to Agah Group previous daily news, the Statistical Center of Iran had announced this rate at 8.3%. Estimations indicate that this rate will remain in the one-digit area until the end […]

Market News – Brokerage houses ranking for the 11-month period ending Feb 19, 2018 has been announced by Securities and Exchange Organization (Iran SEO) and Agah Group again placed second in terms of electronic trades (e.g. online trading) with 6.68% market share. Electronic trades on Iran Capital Marketitself span for 21.5% worth IRR 235,000 bn (cUSD 5.2 bn) of the total […]

Market News – Iran Central Bank managed to control the forex market fluctuations through offering its rescue package over the past week. While some economists believe that such a package will act as a proper tool to relax the current fluctuations and enable the policy maker to implement its reform plans free from irrational behaviors, there are some disagreeing […]

After weeks of wild rallying, the US dollar has lost its bullish momentum in Tehran’s foreign exchange market as the Central Bank of Iran’s rescue package appealed to investors anxious about a slide in the value of rial. According to market reports, the rial continued to gain against the greenback on Monday and was quoted […]