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08Jan 2018

Market News * Tejarat Kousha Sepahan, a private joint stock company active in railway transportation, succeeded to surpass the initial stages of issuing corporate Sukuk Istisna on Iran Fara Bourse to cover its IRR 768 mn (cUSD 17.64 mn) need of capitalization providing the company with 300 new Freighter wagons. These new securities have a maturity of 4 years with a […]

08Jan 2018

The scheme to levy taxes on bank deposit interest has come to the fore again, with a senior official at the Central Bank of Iran saying that under the current circumstances, an interest income tax would hurt the Iranian financial system. Jafar Mehdizadeh, director of the Economic Research and Policy Development Department, however, acknowledged that […]

07Jan 2018

Market News * Admitting to hurdles with which Iran Banking Sector is faced in actively working with major international players, which have also kept Iranian banks behind their international counterparts, including adhering to Anti-Money Laundering rules and Fighting Terrorism Finance frameworks as well as Basel Committee Standards, Iranian officials have announced the establishment of 800 correspondent banking […]

30Dec 2017

TSE’s main index TEDPIX jumped 2,391 points or 2.5% during the week that ended on Dec. 27 to close at 97,899.2. The benchmark index of the smaller over-the-counter exchange Iran Fara Bourse gained 0.8 points or 0.1% during the week to stand at 1,082.6. TSE bulls faced benchmark correction on Tuesday after hitting an all-time […]

30Dec 2017

The Central Bank of Iran, in tandem with the Economy Ministry, is actively pursuing anti-money laundering measures to bring down crimes and violations in the banking system to zero in the foreseeable future, CBI’s director general for regulations, banking permits and anti-money laundering said. Ahead of the major annual Electronic Banking Conference that is to […]

30Dec 2017

Central Insurance of Iran, the industry’s sole regulator, is not pursuing the reduction of the state-owned Iran Insurance Company’s market share, as it holds high untapped potential, the CII chief said. “In adding to the share of private insurance companies, CII has no plans to reduce the market share of Iran Insurance Company, but we […]

30Dec 2017

Hard-hitting sanctions drove the Central Bank of Iran to direct the bulk of its focus toward boosting economic growth and job creation, and as the vice governor of the regulatory entity outlines, those policies are now increasingly bearing fruit. Akbar was in the central province of Yazd late Wednesday to take part in a meeting […]

25Aug 2014

China owes Iran €22 billion in oil and gas debt, vice president for planning and strategic supervision Mohammad Baqer Nobakht has said. In this line, Iranian parliament speaker Ali Larijani traveled to China on Tuesday to discuss mechanisms for paying the debt. China is Iran’s biggest trading partner, Larijani said before heading to China. Iran […]