Stocks had a relatively quiet week, as the forex market stole much of the spotlight as well as a large chunk of investors’ liquidity. The US dollar market seems more attractive for the time, yet analysts believe the rial’s devaluation is bound to boost stocks in the long run. Tehran Stock Exchange’s main index TEDPIX […]
The Organization for Economic Cooperation and Development (OECD) has unsurprisingly upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE) from 6 to 5. The long-awaited upgrade was announced following the organization’s last meeting on Friday. The last upgrade in Iran’s rating goes back to June 2016, […]
The Ministry of Industries, Mining and Trade issued 3,235 industrial permits across the country in the first seven months of the current Iranian year (March 21-Oct. 22, 2017). Establishment permits and Development permits accounted for 1,786 and 1,449 of the total sum respectively, IRNA reported. The estimated amount of investments required for these projects stood […]
After days of rallying against the rial in Tehran’s foreign exchange market, the US dollar is showing signs of losing momentum. On Wednesday, the rial was quoted at 45,720 to the dollar in the open market, slightly down from Tuesday’s close and below the psychological threshold of 46,000. The rial had dropped to around 46,500 […]
Market News – Today a new issue of Iranian Islamic Treasury bills offered to public on Iran Fara Bourse in an attempt to continue the settlement of Iranian government liabilities with the help of Iran debt market. These securities worth 10,000 bn (cUSD 219.78 mn) and will be matured in two years. “TB181” priced at 772,258 to have a YTM of 16.31% and […]
President Hassan Rouhani said Iran has sufficient foreign exchange reserves to overcome any turbulence in the currency market and prevent the national currency from depreciating further. During a live interview broadcast on state television late Monday, Rouhani responded to a question about the current forex volatility that saw rial sink considerably against the US dollar. […]
The government sold 4.54 trillion rials ($98.27 million) worth of public companies’ shares to the private sector in the first 10 months of the current fiscal year (March 21-Jan. 20). About 3.95 trillion ($86.3 million) of the total figure were sold via tenders, while 102 billion rials ($2.28 million) were privatized on the capital market, […]
The share of digital transactions in Iran has reached 10% of the total volume of liquidity in the country by the end of the seventh month of the current fiscal year on Oct. 22. Shaparak, Iran’s payment and settlements network, announced this as part of its latest monthly report announced by IBENA. According to the […]
The second and final day of the biggest electronic banking event in Iran featured several international keynote speakers, included several side events and workshops, on Tuesday. While the opening day of the Seventh Conference on Electronic Banking and Payment Systems organized by the Monetary and Banking Research Institute was attended by several high-level officials, the […]
Market News – Central bank of Iran deputy oversight announced that Iran’s banking sector components are to divest more real estate and equities to address their frozen assets problems. Over past the three years, Iranian banks divest their ownerships in IRR 350,000 bn (cUSD 7.7 bn) of frozen assets and they are to sell their stakes with same value (cUSD 7.7 bn) again […]
