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Tag : IFB

Home/Posts Tagged "IFB" (Page 6)
framework

IFRS framework on Tehran Stock Exchange! – Daily Market News

by date: 16 July 2017in News & Reports No Comments

IFRS framework on Tehran Stock Exchange!

Market News

Just days after the Central Bank announcement obliging all listed and non-listed banks and financial institutions to present their financial statements with regards to IFRS standards, today the deputy exchanges supervision, Hossein Amiri, drew the outlines for all issuers on Tehran Stock Exchange. The new statements are to be out with an eye on IFRS standards no longer than 6 months after the release of their locally audited ones for the current fiscal year. International financials shall be audited and in Persian. Publishing the English IFRS statements are optional for Tehran Stock Exchange issuers. It is worth mentioning that the decision making criterion on annual general meetings would be based on local financial statements.

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Iran Debt Market in July 2017! – Daily Market News

by date: 9 July 2017in News & Reports No Comments

 Iran Debt Market in July 2017!

Iran Debt Market News

The composition of Iran debt market on July 09, 2017 is as the below chart indicates. Major share of the market is for Musharaka Sukuks and Islamic T-Bills with over 62% of its IRR 286,066 bn (USD 7,567 mn) size. The YTM of some T-Bill issues now reached to 24.79% (Purchase commission not included) while the figure for Municipal Musharaka top issue is 24.86%.

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Tehran Stock Exchange Stood Tall! – Daily Market News

by date: 18 June 2017in News & Reports No Comments

Tehran Stock Exchange Stood Tall!

Market News

– In a performance report on global exchanges, Tehran Stock Exchange could left 12 other rivals behind and placed 4th recording a return of 2.9%. After Turkey, Hong Kong-Germany and India-Paris, Tehran Stock Exchange stood above NYSE and S&P500. Factoring the most green days on global markets, TSE placed first with most positive sessions since the new year until today.

banking ties

Iran-Austria to tighten the banking ties! – Daily Market News

by date: 11 June 2017in News & Reports No Comments

Iran-Austria to tighten the banking ties!

Market News

– In a meeting amid Iran Minister of economy and his Austrian counterpart both side reaffirmed the mutual consent to develop the two nations banking ties. In that regard, Über uns, the biggest of Austrian Banks is to dedicate a figure of EUR 1 bn to capitalizing Iranian investment projects. Hans Jörg Schelling aslo stated that all the Autrian banks are eager to develop bilateral correspondents with their Iranian bodies. Further this session the feasibility of a double taxation scheme between two countries discussed and both sides reached and agreement on most fundamental basics.

standardized-testing

Tehran Stock Exchange Industries to be Standardized! – Daily Market News

by date: 28 May 2017in News & Reports No Comments

Tehran Stock Exchange Industries to be Standardized!

Market News

– In an attempt to make Tehran Stock Exchange more favorable to global taste, it seems that a new classification of market sectors are now on the regulator’s high priority list. Having more than 35 diverse industries on the TSE, the market is considered as one of the most scattered in the world. The new ICB based classification is to retire the old familiar ISIC standard and new indices are going to born with regards to new changes.

forex

Foreigners guaranteed Market Rate FX on Iran Stock Exchange! – Daily Market News

by date: 21 May 2017in News & Reports No Comments

Foreigners guaranteed Market Rate FX on Iran Stock Exchange!

Market News

– “Foreigners willing to invest in Iran Stock Exchange can now enjoy a free market rate, converting FX, entering and repatriating their capital” Said Bahador Bijani ,deputy director of SEO in international affairs. Before this, according to  foreign investment promotion and protection act (FIPPA License), the government only guaranteed to provide investors with the required FX based on the official market rate, realizing a loss of near 20% only at the entrance. Now with the new directive, once foreign investors acquire a FIPPA license, it is promised that they can import and take back the funds on the free market rate. This is considered as a huge step towards reforming Iran Stock Exchange.

Trade Credit Insurance

Iran-China signed for Trade Credit Insurance – Daily Market News

by date: 14 May 2017in News & Reports No Comments

Iran-China signed for Trade Credit Insurance

Market News

– A memorandum of understanding has been signed amid Iran central bank and “Sinosure”, a Chinese Trade Credit Insurance company, giving guarantee on facilities that will capitalize future Iranian construction and production projects. In a meeting with “Sinosure” executive director and the deputy governor Iran Central Bank, ensured that the Chinese credit lines will be open to Iranian state owned companies in times of utilizing funds from China.

Iranian banks

State owned Iranian banks to raise massive capital! – Daily Market News

by date: 30 April 2017in News & Reports No Comments

State owned Iranian banks to raise massive capital!

Market News

– On the 4th Iran-Europe Banking and Business Forum, one of the most high-profile events to address the challenges and opportunities facing Iran’s economic and financial sectors, second day, “Ali Divandori” the chair of Monetary and Banking Research Institute presented that state owned Iranian Banks are to raise near IRR 220,000 bn (USD 583.24 mn) in capital. This is while according to the budget reform bill of 2017, a figure of IRR  450,000 bn (USD 1,193 mn) is ratified for the whole banking sector capitalization which leaves more than 50% of the total funds to raise for the private banks.

golf-performance-coaching

Tehran Stock Exchange over April-May 2017! – Daily Market News

by date: 23 April 2017in News & Reports No Comments

Tehran Stock Exchange over April-May 2017!

Market News

According to the latest reports by the Securities and Exchange organization, the total market cap of Tehran Stock Exchange and Iran Fara Bourse issuers break the cap of USD 88 bn over the April-May of 2017. The average P/E ratio of the market is now hovers around 6.96. The top 10 companies with highest market cap are:

  • Persian Gulf Petrochemical: USD 5,957 nm
  • MCI: USD 3,837 mn
  • TCI: USD 3,518 mn
  • Isfahan Mubaraka Steel: USD 2,709 mn
  • National Copper Industries: USD 2,578 mn
  • Jam Petrochemical: USD 2,399 mn
  • MAPNA Group: USD 2,200 mn
  • Tamin Petrochemical: USD 2,179 mn
  • Ghadir Investment: USD 2,137 mn
  • Bandar Abbas Oil Refinery: USD 1,911 mn
Banking

Iran to tighten banking ties with Russia! – Daily Market News

by date: 29 March 2017in News & Reports No Comments

Iran to tighten banking ties with Russia!

Market News

– In his return from Russian Federation, Iran Central Bank chair, Vali Allah Seif, herald for the two nations to ease the banking relations. On the first step, it seems that “Shaparak” and “Mir” payment systems are to connect in order to facilitate the purchases for the both countries tourism sector. After the technical processes are done, the utilization of credit or debit cards on P.O.S and ATM would be easily accessible either in Iran or Russia. The nest turn would be for two nations to use their very own national currencies in bilateral trades and commerce.