{"id":6162,"date":"2018-11-27T05:30:26","date_gmt":"2018-11-27T05:30:26","guid":{"rendered":"http:\/\/en.azpar.com\/?p=6162"},"modified":"2018-11-28T05:36:31","modified_gmt":"2018-11-28T05:36:31","slug":"france-germany-hosting-iran-dedicated-spv","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=6162","title":{"rendered":"France\/Germany hosting Iran dedicated SPV!"},"content":{"rendered":"<h2>Market News<\/h2>\n<p>\u2013 Senior European diplomats have claimed that France and Germany stepped up for hosting Iran dedicated SPV after the rejections by Luxembourg and Austria. In the suggested structure, if\u00a0 France host that SPV then a German official would be as its manager and vice versa.\u00a0<span id=\"more-15893\"><\/span>The mechanism would be based on the bartering of goods between the two nations which omits the need for financial transactions in practice. Rumours have that United Kingdom is considering to join this Iran dedicated SPV under the leadership of France or Germany.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-15897\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/photo_2018-11-27_09-44-09.jpg\" alt=\"\" width=\"551\" height=\"268\" \/><\/p>\n<p>\u2013 In its latest attempt to fight\u00a0money laundering and suspicious cross-border FX transactions,\u00a0the central bank of Iran imposed new restrictions on POS devices; a transfer cap of IRR 500 bn per day per debit card. This limit will soon be imposed on each National ID code regardless of the number of debit cards one owns. Moreover, the cardholder is now obliged to use a dynamic passcode which is going to be texted to their cellphones upon each transaction. According to CBI\u2019s investigations before this, a figure of USD 11 bn from export proceeds was transferred\u00a0cross-borderly via the POS devices.<\/p>\n<p>\u2013 After the difficulties caused by US sanctions for Iran\u2019s port transportation, now the officials are about to utilize the newly opened port of Al Suwaiq located just 70 kilometers of Oman. This port is ready to receive Iranian goods and Iranian\u00a0marine\u00a0freighters of 300 to 1500 tonnes can deliver products there. The low costs along with fast clearance process made this strategic port comes handy in times of sanctions.<\/p>\n<h2>In the Market<\/h2>\n<p>Equities performed mildly higher and recoup a tiny chunk of their previous losses today as almost all the share prices reached their strong technical support levels.\u00a0<strong>TEDPIX (+0.44)<\/strong>\u00a0hiked for almost\u00a0<strong>750<\/strong>\u00a0points to surpass the\u00a0<strong>167K<\/strong>\u00a0level while\u00a0<strong>IFEX (+0.87%)<\/strong>\u00a0did nearly the same with equal trading volumes. A mellow pullback in global oil prices hand in hand with super interpreting price levels are the main catalysts behind today\u2019s move.<\/p>\n<p>The heavy weighted\u00a0<strong>Chemicals (+0.36%)<\/strong>\u00a0hand in hand with\u00a0<strong>Oil Products (+1.24%)<\/strong>\u00a0sectors had the most of it today with their components jumping between 0.5 and 5%. However, the falling price of global OPEC crude basket made the sale pressure felt more towards the closing bell.<\/p>\n<p>Almost all analysts are unanimous that the market should rebound from here until the year-end, yet the<strong>\u00a0Q3 reports<\/strong>\u00a0showing a deeper look of companies performance after sanctions are still in solid play.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15899\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133352.jpg\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133352.jpg 695w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133352-300x215.jpg 300w\" alt=\"\" width=\"695\" height=\"499\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15900\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133358.jpg\" sizes=\"auto, (max-width: 632px) 100vw, 632px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133358.jpg 632w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133358-300x186.jpg 300w\" alt=\"\" width=\"632\" height=\"391\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15901\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133404.jpg\" sizes=\"auto, (max-width: 575px) 100vw, 575px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133404.jpg 575w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133404-300x206.jpg 300w\" alt=\"\" width=\"575\" height=\"395\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-15902\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133411.jpg\" sizes=\"auto, (max-width: 692px) 100vw, 692px\" srcset=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133411.jpg 692w, http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/11\/2018-11-27_133411-300x179.jpg 300w\" alt=\"\" width=\"692\" height=\"412\" \/><\/p>\n<p><em>Source:<\/em><\/p>\n<p><em>2018, France\/Germany hosting Iran dedicated SPV!, Tuesday, Nov 27, p.1,<a href=\"http:\/\/agahgroup.com\/eu-hosting-iran-dedicated-spv\/\" target=\"_blank\" rel=\"noopener\">&lt;https:\/\/agahgroup.com&gt;<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market News \u2013 Senior European diplomats have claimed that France and Germany stepped up for hosting Iran dedicated SPV after the rejections by Luxembourg and Austria. In the suggested structure, if\u00a0 France host that SPV then a German official would be as its manager and vice versa.\u00a0The mechanism would be based on the bartering of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[],"class_list":["post-6162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6162"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6162\/revisions"}],"predecessor-version":[{"id":6166,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6162\/revisions\/6166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/6163"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}