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3rd IPO Scheduled for Next Week
The Iranian equity market’s third initial public offering of the year is set to take place next week, with Parsian Kowsar Hotel’s shares being prepared for offering to the public.
Fifteen percent of the international hotel’s shares will be made public during the week, Bourse Press reported. Read More
3,500 MW of New Electricity Capacity by Summer 2018
A n estimated 3,500 megawatts in new electricity production capacity will be added to the national power grid by the summer of next year, deputy energy minister for planning said on Wednesday.
"Total electricity production capacity stands at 77,000 MW, of which 64,000 MW are generated in thermal power plants operated by Thermal Power Plants Holding Company," Hamidreza Azimi was also quoted as saying Read More
Banking Reform Takes Center Stage Once Again
Reforming the Iranian banking system, whose representatives have been grappling with a variety of issues, has once again come to the fore of national dialogue at a time when the Central Bank of Iran is trying to enforce lower interest rates. Read More
Gold Breaks Five-Year Record
Gold has surged in Tehran's market with the 18-karat gold price reaching 1,226,360 rials ($31.67) per gram on Wednesday to set a five-year record. Read More
Airborne Reengagement
The number of flights handled by international airlines to and from Iran in the last fiscal year (March 2016-17) shows a whopping 84% rise compared to four years ago, when Hassan Rouhani became president for the first time, data published on Civil Aviation Organization’s website show. Read More
Iran Close to Finalizing $30b Foreign Finance Deals
Report
Foreign finance deals worth about $30 billion will be clinched soon, the head of the Organization for Investment, Economic and Technical Assistance of Iran announced at a major economic event. Read More
CI Ratings: Outlook for Two Iranian Insurance Firms Positive
Capital Intelligence Ratings, the international credit rating agency, has released its ratings for two Iranian private insurance firms, revising one insurer’s outlook to “positive” and giving a first-time rating to another.
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What Makes Persian Hand-Woven Carpet So Exraordinary? goo.gl/6zRmCE
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State Recruitment for 30,000 Jobs Scheduled
The government plans to recruit 30,000 people in state-run executive bodies during the current Iranian year (started March 21).
As many as 400,000 people participated in the state employment test held earlier this month. Out of these, only 12,000 will make it to the final list of recruits, Read More
#Exclusive Iran Exports to #Qatar Up 60% goo.gl/N4SwVS
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Iranian Banks' Post-Sanctions Forex Deals Top $38b goo.gl/s2Rcmc
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Iran Jet Licenses Held Up by Delayed OFAC Designations
Report
Iran Aseman Airlines says the pending designation of specific roles inside the US Treasury Department’s Office of Foreign Assets Control has held up licenses for the sales of the jets the airline has purchased from global planemakers.
“From what we have heard, there are specific roles inside OFAC whose officials need to be appointed before licenses for the planes are issued,” Aseman’s deputy for planning and fleet expansion, Mohammad Gorji, told Financial Tribune.
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Zanganeh Turns Focus on Iraqi Market Opportunities
Iran should and will seize the opportunity to consolidate its position in Iraqi's multibillion-dollar economy, Oil Minister Bijan Namdar Zanganeh said.
Iraq is recovering from a conflict with the self-styled Islamic State terrorist group that declared a self-proclaimed caliphate over swathes of lands in Iraq over three years ago. Despite being largely pushed back in recent months, the insurgency has left a massive trail of destruction, creating a multibillion-dollar market for the reconstruction of Iraqi towns, roads and facilities. Read More
Exclusive: OFAC Seemingly Against Apple’s Anti-Iran Bias
Report
The Office of Foreign Assets Control, the US Treasury Department’s financial intelligence watchdog says Apple is not prohibited from hosting Iranian applications.
In an unscrupulous move on August 19 Apple Inc. removed applications of several Iranian companies from its iOS App Store. In response to an Iranian developer’s inquiry on the matter in an official email seen by Financial Tribune, OFAC wrote: Read More
#Infographic Iran Workforce Stats - Spring 2017 @fintribune
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Despite US Pressure, IAEA Reconfirms Iran's JCPOA Compliance
The UN nuclear agency reaffirmed in a report on Thursday that Iran has remained within key limits on its nuclear work under the 2015 deal with world powers, despite Washington's hostile stance aimed at scuttling the historic agreement. Read More
🎥 Iran's Top 10 Banks By Sales 2016 #Infographics goo.gl/eRJVPy
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Tehran Home Sales at Three-Year High
Report
After four years of a stubborn downturn in the Iranian housing sector, Tehran finally broke the chains as its home sales hit a 39-month high in a sign that the key sector's recovery has begun in earnest. Read More
Iran Air to Receive 2 ATR Planes in September
Iran Air will receive more planes from its order for French-Italian ATR aircraft, as the government’s push for the financing of the planes the flag carrier has bought makes progress. Read More
Euro Bull Run Continues
Euro kept gaining against rial in Tehran’s forex market on Tuesday to continue its bull run that started about eight days ago. Read More
Tax Revenues Take Backseat to Petrodollars, Again
O il revenues grew by 333.2% and tax revenues fell by 1.6% in the first quarter of the current Iranian year (March 21-June 21) compared with last year’s corresponding period.
The Central Bank of Iran’s report published on its website added that the government earned 181.9 trillion rials ($4.8 billion) from taxation in Q1, whereas revenues from the sale of oil and petroleum products reached 188.9 trillion rials ($4.97 billion). Read More
Zanganeh Positive About 10 New Oil Deals by March
F resh off a $5 billion gas deal with French energy major Total, Iran hopes to keep up the positive momentum and clinch new agreements to develop its oil and natural gas fields. Read More
Iran Pistachio Exports Estimated to Reach $1.5b
About 150,000 tons of pistachio worth $1.5 billion are estimated to be exported from Iran during the current Iranian year (started March 21), to register an 11% and 25% growth in weight and value respectively compared with last year, the head of Iran Pistachio Association said. Read More
Iran Private Sector Calls for Strict Rate Cut Control
A s the Central Bank of Iran issued a new directive on Aug. 23 setting a deadline for banks to reduce their deposit interest rates to 15%, the Iranian private sector demands strict oversight over the implementation of rate cuts since banks are already trying to find a way out of it.
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$6b Worth of Power Deals Since Sanctions Removal goo.gl/LP2Nus
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#Chabahar Offers Huge Customs Discounts to Afghan Traders goo.gl/2wXfV3
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Opportunities & Risks of Crypto Currencies
A s one high in its value rapidly succeeds another, bitcoin’s rise in value has been nothing short of meteoric this year. On August 17, the digital currency charged past the $4,400 barrier, meaning that its total value went above that of payment giant PayPal. Read More
Iran-EU Trade Value Doubles
I ran’s trade with the European Union topped €9.9 billion in the first half of 2017, registering a 95% rise compared with last year's corresponding period.
Exports to EU’s 28 nations exceeded $5 billion, indicating a 227% rise year-on-year, Eurostat data shared with Financial Tribune show. Read More
$10m Worth of Contracts Signed With Russians
Contracts worth more than $10 million in the fields of cement and fisheries were signed between the Iranian and Russian sides during Iran’s 1st Exclusive Exhibition held from August 16 to 19 in Volgograd Read More
Tax Holiday for Ride-Hailing Drivers
Drivers of ride-hailing services like Snapp and Tap30 are exempted from paying tax for now, the director of Iranian National Tax Administration told reporte Read More