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Tag : Iran Fara Bourse

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Iranian oil

US not to extend Iranian oil buyers exemptions! – Daily Market News

by date: 12 January 2019in News & Reports No Comments

US not to extend Iranian oil buyers exemptions!

Market News

– The head of Iran Action Group announced that the US will not extend exemptions of Iranian oil buyers that were granted previously. Brian Hook told the press that these exemptions aimed to stop the global oil price hikes and it is not likely that the United States extend the 6 month period. Last year 8 countries, including South Korea and Japan who still are not buying oil from Iran regardless of the immunity they have, were exempted from the ban on buying Iranian oil. 

Iran Dedicated SPV

EU not willing to pay dues for Iran Dedicated SPV! – Daily Market News

by date: 25 December 2018in News & Reports No Comments

EU not willing to pay dues for Iran Dedicated SPV!

Market News

– The foreign minister of Iran, Mohammad Javad Zarif, told the press that EU is not willing to pay its dues when it comes to Iran Dedicated SPV. Apparently, the results from countless hours of negotiations with the European partners in JCPoA was indeed not fulfilling for Iran and the matter reached a dead end after all. “It costs EU more no to develop what they promised,” said Zarif in his interview. 

bonus

Energy Subsidies paralyses Iran Economy! – Daily Market News

by date: 18 December 2018in News & Reports No Comments

Energy Subsidies paralyses Iran Economy!

Market News

– For many years Iran had, and still have, the worst type of Energy Subsidies payments in the world which has only resulted in a weak and unbalanced economy for the nation (Iran Economy). The FOB price of petroleum hovers around 40 cents in the region and considering the domestic price of gas (IRR 10,000 – 10.52 cents!) it is clear that the Iranian government pays

Tehran Stock Exchange

Future contracts on 30 blue-chips portfolio trade at Tehran Stock Exchange! – Daily Market News

by date: 15 December 2018in News & Reports No Comments

Future contracts on 30 blue-chips portfolio trade at Tehran Stock Exchange!

Market News

– Expected to be a new derivative, the future contracts on 30 blue-chips of Tehran Stock Exchange will be open to trade from December 16, 2018. These futures will be expired in March 2019 and can only be traded via online trading platforms. The underlying assets of this new derivative are stocks of 30 giants of TSE and IFB with the following details:

Iran FX revenues

Oil exports share reduces in Iran FX revenues! – Daily Market News

by date: 26 November 2018in News & Reports No Comments

Oil exports share reduces in Iran FX revenues!

Market News

– The share of oil exports in Iran FX revenues has been reduced over the past few years which shows that the economy is now less dependent on oil sales. During the first 10 months of 2018, the share of oil exports reached below 48% of total FX revenues. This figure surpassed 80% decade. The dependence of Iran economy to oil exports heralds that the nation was successful in producing industrial goods to compensate for the reducing piece of the oil pie. 

Iranian Banks Sanctions

Iranian Banks sanctions status analyzed! – Daily Market News

by date: 11 November 2018in News & Reports No Comments

Iranian Banks sanctions status analyzed!

Market News

– After the confusion made by the US Department of Treasury on the latest status of Iranian Banks with regards to the SDN list and the secondary sanctions (being still connected to SWIFT), an analysis has been performed by Donya-e-Bank news agency showing the map of Iranian Banks in a picture. According to the below table, almost all banks in Iran is under the SDN list, however, the ones with no “Secondary Sanctions” tick on their status are clear to deal with:

SDN listed Qaed Bassir Petrochemical goes public on Iran Fara Bourse! – Daily Market News

by date: 6 November 2018in News & Reports No Comments

SDN listed Qaed Bassir Petrochemical goes public on Iran Fara Bourse!

Market News

– Today and after the full snapback of US sanctions on Iran along with adding almost everything to OFAC’s SDN list, 10% of the newly sanctioned Qaed Bassir Petrochemical Co. (listed under BSRZ ticker) offered publically on Iran Fara Bourse via book building method with a price ranging from IRR 8,000-8,500 per share. The company produces ABS with a capacity of 30K tonnes per annum. BSRZ earnings jump for 128% on the H1 contrary to the previous year. 

Iran Sanctions

US exempts 8 countries from Iran Sanctions! – Daily Market News

by date: 3 November 2018in News & Reports No Comments

US exempts 8 countries from Iran Sanctions!

In the Market

– Backing down from the zeroing Iran oil sales, the United States grants case exemptions to 8 nations with regards to their oil purchases from Iran just days away from sanctions snapback deadline. Apparently, India, Japan, South Korea, Iraq, China and Turkey are among this shortlist exempted from Iran Sanctions.

Iranian Pension Funds

Iranian Pension funds; on the edge of darkness!! – Daily Market News

by date: 24 October 2018in News & Reports No Comments

Iranian Pension Funds; on the edge of darkness!!

Market News

– Yesterday, the first VP of president Rouhani warned about the future of Iranian Pension Funds. According to stats, 100% of Armed Force Pension fund costs is supplied by the government, directly from the budget sources, while this figure for National Pension Fund is hovering around 70-80%. Donya-e-Eqtesad reviewed the global experience in this regard and advised the administration to take 4 precautionary measures just before the explosion: