Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general of Trade Promotion Organization for Iran’s Arab-African affairs said. “After several meetings were held by traders, exporters and representatives of the Central Bank of Iran, Bank Saderat and Bank Melli Iran, the process of transferring […]
Market News – In a new attempt to control day trading (speculating) on currency market, the Central Bank of Iran (CBI) submitted the details of major forex purchasers to the Tax Organization (over the period of March 21, 2017 to January 7, 2018) in order to put a cap on the recent growth in forex rates, make the market more transparent […]
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 – Continuing the stream of Iran’s government overdue liabilities settlement, today a new piece of Islamic Treasury Bills has been offered to public on Iran Fara Bourse. The issued securities worth IRR 17,000 bn (cUSD 373.62 mn) and will be matured in one year. “TB191” price at IRR 864,959 with a YTM and BEY of 17.46% (17.37% commission included) […]
Tehran Stock Exchange’s main index gained 89.39 points or 0.09% to end Sunday trade at 97,808.2. About 719 million shares valued at $36.6 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Electric Khodro Shargh Company was the biggest riser, going up […]
Market News – Just the other day, Ekbatan Gas (EGCS1) Co. got listed on Iran Fara Bourse to be the 17th Iranian company on Iran SME Market waiting for its IPO. The firm is one the largest safety and measurement equipment producers of the industry and is affiliated with Oil Industry Investment Co. EGCS1 has a pre-IPO market cap of IRR […]
