Market News – According to a report on Iranian mutual funds performance, the total asset under management of said funds (AUM) reached more than IRR 1,530,000 bn (USD 36.43 bn) pooled from near 2,300,000 investors. Exempting from tax on a round trip (issuance and redemption) along with giving investors the power to exit anytime with lowest possible […]

Market News – Following the maximum disclosure policies on Iran Banking industry, the process of transforming granted facilities to bad debts has been accelerated over the recent months. According to the stats released by a senate committee, during the years from 2006 until September 2017, the volume of non-current claims has reached a record high (seven times […]

More than a week after US Treasury Department blacklisted Central Bank of Iran’s Governor Valiollah Seif for his alleged “support for terrorism”, the International Monetary Fund has released a statement, pledging to continue its work with him. “Iran is a member of the IMF, and as with all our members, the IMF will continue to […]

For the first time after the government decided to unify the US dollar’s exchange rate more than a month ago, the Central Bank of Iran has allowed for a minor increase in its rate. The CBI set the rate at 42,050 rials on its website on Monday, allowing for a 50-rial increase. Although infinitesimal, the […]

Market News – After US decision to leave JCPoA there were anticipations on the future status of foreign companies’ participation in Iran Economy who have mutual ventures with the Iranian side. Below table demonstrates a clear picture of whether these companies will stay, leave or are under special considerations to work with Iran. Source: Donya-e-Eqtesad – Following […]

Market News – Following its strategic plans in regards to developing new underlying assets in derivative contracts, the first Saffron Futures Contracts for delivery in September will be launched on Iran Mercantile Exchange since this Wednesday. Over the past months, negotiations have been held with practitioners in the agriculture space, bodies involved as well as brokerage firms in Tehran […]

Director of Bank Melli of Iran’s Foreign Exchange Department Gholamreza Panahi outlined the lender’s measures to comply with new policies tightening government control over the foreign currency market. “The policy of unifying foreign exchange rates was adopted by the government and the Central Bank of Iran to contain volatility in the forex market. The first […]

Market News – In line with the FX rate unification policies, the cabinet members are to issue a new decree obliging some Iranian exporters to repatriate their FX revenues at USD/IRR 42,000. A list of goods will be targeted, mostly traditional merchandise like the Persian rug, Pistachio, Saffron and livestock intestine, and their exports shall sell their FX via NIMA […]

Purchase orders by merchants from the start of the current Iranian year (March 21) until May 16 has doubled compared with the corresponding period of last year, the vice president for administrative and recruitment affairs said. According to Jamshid Ansari, purchase orders during the period have been worth $9.8 billion, marking a twofold increase from […]

Market News – After the previous successful underwriting of IRR 4,500 bn (USD 107.14 mn) worth Sukuk Ijarah for Iran Telecommunication Company, a new round of corporate Sukuk Ijarah (equity backed) now worth IRR 8,000 bn (USD 190 mn) is to be published on Tehran Stock Exchange. The underlying asset of this new issue is 567,818,866 shares of HMRZ1 priced at […]