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Author: Mojde Rezaee

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Iran’s Full Commitment to its End of the Deal Confirmed Again – Daily Market News

by date: 17 April 2018in News & Reports No Comments

Iran’s Full Commitment to its End of the

Deal Confirmed Again!

Market News

– Referring to Iran’s full compliance with its commitments as confirmed by the IAEA, the European Union Foreign Policy Chief reported that they are determined to make sure that all other parties, as well, stay committed to the implementation of the JCPOA. Considering the probable talks and negotiations taking place with North Korea, she also stressed on respecting the agency credibility. In this regard, President of France and German Chancellor are to pay a visit to Washington this month before May 12th, to discuss the deal’s implementation.

Iran Capital Market

Iran Capital Market Keeps Moving Forward – Daily Market News

by date: 16 April 2018in News & Reports No Comments

Iran Capital Market Keeps Moving Forward

Market News

– In the 11th Iran FINEX inauguration speech, the Head of the Securities & Exchange Organization (SEO) of Iran enumerated the attempts done and steps taken in Iran Capital Market during the previous year and announced the actual and efficient measures being taken to tackle issues, including the reconsideration of base volume and introduction of dynamic fluctuations domain. He stated that by reforming rules and regulations pertinent to reopening and halting of tickers, the market liquidity has improved significantly. Furthermore, referring to the 25% return of the market over this period, he also added that the volume of trades has reached from IRR 195,000 bn in 2016/17 to IRR 247,000 bn in 2017/18.

USD/IRR Unification

USD/IRR Unification Aftermaths in Iran Economy! – Daily Market News

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

USD/IRR Unification Aftermaths in

Iran Economy!

Market News

– After the other day’s news on USD/IRR Unification, the Central Bank of Iran changed the scheme of Iranian gold coin pre-sales. Following the administration’s decision to return stability to currency and gold markets, CBI’s chair announced that the pre-sale of “Bahar Azadi” coins shall be in line with the following table:

USD/IRR

USD/IRR; finally unified?! – Daily Market News

by date: 10 April 2018in News & Reports No Comments

USD/IRR; finally unified?!

Market News

– In a bold and rather sudden announcement, Eshaq Jahangiri, the vice president of Rouhani administration, spoke of a unified USD/IRR rate of 42,000 from today on for all economy participants. Following a late night meeting, it seems that the Iranian government finally unified the FX and are to consider trades with other rates as illegal (smuggling). Eying the nation’s currency reserve, the vice president insured people that there shall be no difficulties in meeting the FX needs of society. In addition, today, the chair of CBI explained on a parliament session that the decided USD/IRR rate is not fixed and can be altered in reaction to the market supply-demand trends.

Iran Central Bank

Iran Central Bank Under Criticism! – Daily Market News

by date: 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.

Iran Transportation Sector

Iran Transportation Sector seeks renovation! – Daily Market News

by date: 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.

corporate tax

Iran to cut corporate tax by 5%! – Daily Market News

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

Iran to cut corporate tax by 5%!

Market News

– Following the administration’s corrective tax policies and according to the head of Majlis Economic Commission, the Value Added Tax bill will go through infrastructural reforms until the end of spring, based on which, the producers are no longer subjected to pay VAT. This caused the 90% of production sector difficulties over the recent years mostly because of weak enforcement. Moreover, the reform agenda also suggests a 5% cut in Iranian companies’ corporate tax from 25% to 20% which seems to be pre-consented by the government itself.

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

by date: 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’s Debt Market still enjoys +20% risk free yields! – Daily Market News

by date: 27 March 2018in News & Reports No Comments

Iran’s Debt Market still enjoys +20%

risk-free yields!

Market News

– Following the earlier CBI’ decision to release a “Rescue Package” maintaining the volatile situation of the FX market, rates on almost all of Iranian debt securities yields raised to +20% levels overnight. The following table shows the latest status of Iran’s Debt Market a month after the said package release date: