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Tag : Daily

Home/Posts Tagged "Daily"
Iranian banks

Iranian banks to amend structure! – Daily Market News

by Mojde Rezaeedate: 21 April 2018in News & Reports No Comments

Iranian banks to amend structure!

Market News

– The Majlis approved an amendment on the General Policies Pertaining to Principle 44 of the Constitution on Wednesday, based on which, Iranian banks & credit institutes, including state and non-governmental banks, established both before and after this law, or state banks whose shares are divested, are only allowed to operate in the form of public joint companies and public joint corporations and up to 10% of their shares can be freely purchased by their owners without needing any permission. Furthermore, the acquisition of shares between 10-20% and 20-33% by the owner is only allowed by the CBI based on the instruction proposed by the CBI and approved by the Money and Credit Council. In addition, the acquisition of other credit institutes’ shares by the owner, who is already in possession of more than 10% of one credit institute, is only possible after the CBI permission.

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Iran FINEX

Iran FINEX 2018; gateway to international finance community! – Daily Market News

by Alireza Hojjatniadate: 15 April 2018in News & Reports No Comments

Iran FINEX 2018; gateway to international finance community!

Market News

– The 11th Iran FINEX (financial exhibition) is to take place from tomorrow until Thursday, Mar 19, 2018, on Tehran International exhibition premises with the participation of 392 domestic and foreign finance-related firms. Big international names like EY, Capital Intelligence, Incentage and Alpari group are to not only have booths in Iran FINEX but also carry out educational workshops for Iranian attendees.

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Iran Central Bank

Iran Central Bank Under Criticism! – Daily Market News

by Mojde Rezaeedate: 9 April 2018in News & Reports No Comments

Iran Central Bank Under Criticism!

Market News

– Following the USD/IRR sudden jump surpassing the IRR 50,000 threshold, members of Iranian parliament criticized Iran Central Bank’s  performance in managing the fluctuations and started to prepare a solution to establish calmness in the market. To this end, a meeting is planned between CBI officials and the Majlis Economic Commission members; in case the meeting fails to reach an agreement, the parliament commission will resort to a double-urgency motion to restore stability in the forex market later on. Nevertheless, the minister of economic affairs and finance has assured that such volatility is temporary and economic conditions will get back to normal soon.

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Iranian gold coin future

Iranian gold coin future; a +25% arbitrage opportunity! – Daily Market News

by Alireza Hojjatniadate: 8 April 2018in News & Reports No Comments

Iranian gold coin future; a +25% arbitrage opportunity!

Market News

– Following the recent hikes in USD/IRR and eyeing the future of global gold price, the options trades on Iranian gold coin future contracts took a pick on the very first days of the new year. More than 113,191 option contracts worth IRR 21,671 bn (cUSD 473.8 mn) have been sold during the first 3 days of 1397 (2018/19). The spot price of “Bahar Azadi” coins reached IRR +17,000,000 level amid yesterdays’ trade which offers a risk-free arbitrage opportunity of 26.58% profit in six months. CBI recently auctioned pre-sale of gold coins in 6 months and 1-year maturities at IRR 14,000,000 and IRR 15,000,00 levels. Paired with “short position”, an annual yield of 43.31% is not far-fetched. The below table demonstrates the details:

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Iran Transportation Sector

Iran Transportation Sector seeks renovation! – Daily Market News

by Mojde Rezaeedate: 7 April 2018in News & Reports No Comments

Iran Transportation Sector seeks renovation!

Market News

– As a part of President Rouhani’s transportation fleet renewal plan to reduce air pollution and fuel consumption, Iran’s truck fleet is to be renewed, which can pave grounds for resuming correspondent banking relations between Iran and Sweden. As estimated, this plan provides an investment opportunity worth EUR 5 mn, that in case financed by the Swedish party, might go beyond a mere business collaboration. In this regard, a Swedish delegation, made up of practitioners in financial services, insurance, banking, etc. fields, is also planned to pay a visit to the country on April 18th, to sit with members of Tehran Chamber of Commerce, Industries, Mines and Agriculture.

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Margins up on Iran Mercantile Exchange! – Daily Market News

by Alireza Hojjatniadate: 4 April 2018in News & Reports No Comments

Margins up on Iran Mercantile Exchange!

Market News

– Following the recent rise in Iranian gold coin (Bahar Azadi) price, the derivate board of Iran Mercantile Exchange has decided to take margin limits higher for future contracts. According to the news, the initial margin is set to be IRR 17,500,000 for each contract from today (Apr 04, 2018). Counting the additional margin as well, the total figure would be IRR 22,500,000.

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15966

Tehran Stock Exchange ends the last day in deep green! – Daily Market News

by Mojde Rezaeedate: 28 March 2018in News & Reports No Comments

Tehran Stock Exchange ends the last day

in deep green!

In the Market

Tehran Stock Exchange went up by 342 points mostly influenced by mega-cap names like Esfahan’s Mobarake Steel and also thanks to better than expected Q2 performances of Metal producers. However, the value of trades in both the TSE and IFB was light ahead of the upcoming holidays.

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Iran Debt Market

Iran Debt Market gets deeper than ever! – Daily Market News

by Alireza Hojjatniadate: 17 March 2018in News & Reports No Comments

Iran Debt Market gets deeper than ever!

Market News

– Following the policies to expand the scope of Iran Debt Market and providing Iranian companies with proper finances via debt securities, a new wave of corporate and governmental Sukuks are to be published soon on Iran Fara Bourse and Tehran Stock Exchange (see description below):

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Iran's Economy

Iran’s Economy; Tax to beat Oil on national revenues! – Daily Market News

by Mojde Rezaeedate: 12 March 2018in News & Reports No Comments

Iran’s Economy; Tax to beat Oil on

national revenues!

Market News

– According to the Central Bank of Iran’s (CBI) statistics, the government’s tax income has surpassed its oil revenue of Iran’s Economy by IRR 76,000 in the first 10 months of the current year. In this regard, the Minister of Economic Affairs and Finance released a plan to revive the country’s current tax system in 2018/19 which contains 3 new tax bases as well as organizing tax exemption schemes mostly through lowering its ceiling in free trade zones and agriculture sector among other things.

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Iran Fara Bourse

State-backed Sukuk Intifa’a offers on Iran Fara Bourse! – Daily Market News

by Mojde Rezaeedate: 6 March 2018in News & Reports No Comments

State-backed Sukuk Intifa’a offers on

Iran Fara Bourse!

Market News

– Today, IRR 30,000 bn (cUSD 670.39 mn) worth of Sukuk Intifa’a offered to the public on Iran Fara Bourse. These securities have a nominal yield of 20% with semi-annual coupon payments and will be matured in 48 months. “SF1Q1” is to finance the administration for the repayment (principal and interest) of previously issued securities in 2017/18 with regards to the Budget Bill.

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Recent Posts

  • Iranian mutual funds now capped! – Daily Market News April 25, 2018
  • Agah Group share of E-trade reaches 7.42% in Iran capital market! – Daily Market News April 24, 2018
  • “NIMA” the Iranian FX platform finally inaugurates! – Daily Market News April 23, 2018
  • Iranian banks to amend structure! – Daily Market News April 21, 2018
  • AGAH Mutual Fund Fact Sheet – March 2018 April 18, 2018

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