• Iranian Parliament Firm on Preventing FATF Blacklisting

    Majlis Economic Commission, a major force in Iran's Parliament, is committed to ensure the passage of pending bills aimed at completing its action plan with the Financial Action Task Force, a member of the commission said.
    Fatemeh Hosseini also stressed that this is at the behest of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, IBENA reported.
    "FATF was discussed in a meeting that the members of parliament had [with Ayatollah Khamenei] and the Leader emphasized on eliminating regulatory gaps by devising laws on combating financing of terrorism and anti-money laundering," she said.
    "Based on this, MEC is seriously following up on AML/CFT issues so that Iran won't enter the [FATF] blacklist again."
     

Business And Markets

Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.

  • Travel Currency Policy Facing Revision
    07/22/2018
    Confirming rumors of an imminent change in the Central Bank of Iran’s policy to allocate subsidized currency to outbound tourists, the head of CBI’s Forex Policies & Regulations Department has...
  • Command Economy Taking Biggest Toll on Stocks
    07/22/2018
    Bulls at Tehran stock market are exhausted, as bears keep swiping indices and prices down.  Last month's meteoric rally seems like a bygone memory after a huge plunge, an unsuccessful rebound and...
  • Mindful of the risks inherent in starting a trade war with the US, the EU will probably not be able to provide Tehran with extensive support.
    07/22/2018
    If it wants to keep the nuclear deal alive, the EU will need to reduce the impact of US sanctions...
  • Iranian Parliament Firm on Preventing FATF Blacklisting
    07/22/2018
    Majlis Economic Commission, a major force in Iran's Parliament, is committed to ensure the passage of pending bills aimed at completing its action plan with the Financial Action Task Force, a...
  • TSE Benchmark Rises 0.48% in Saturday Trading
    07/22/2018
    Tehran Stock Exchange’s main index gained 518.92 points or 0.48% on Saturday to end trading at 108,295.5. About 786 million shares valued at $32.40 million changed hands at TSE for the day....
  • Secondary Forex Market Rates to Soar
    07/22/2018
    The supply of currency to the Secondary Forex Market will decrease in the coming months, as export gains will fall due to the government’s current approach toward exports and the rising demand for...
  • SSO to Insure Employees of Online Firms
    07/22/2018
    An initiative by the Social Security Organization to extend employee insurance coverage to online businesses will take effect shortly, the deputy head of SSO for insurance affairs said. SSO is in...
  • Majlis Think Tank Calls for  Regulating Cryptocurrency
    07/21/2018
    The research arm of Iran's Parliament has conducted a study on cryptocurrencies, advising a host of decision-making bodies to join forces and employ the potentials of digital money and blockchain...
  • 281 Km of New Freeways by March 2019
    07/21/2018
    About 7,800 kilometers of freeways are under construction in Iran, 281 kilometers of which are expected to come on stream by the end of the current fiscal year (March 20, 2019), a deputy roads and...
  • Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China
    07/21/2018
    A strategic deployment of trade corridors is taking shape across Afghanistan and Iran, as both India and...  
  • HSA Deposits Up 70% YOY
    07/21/2018
    Down payments by applicants in Bank Maskan’s three-year-old mortgage scheme that targets first-time home buyers have increased 70% in value over the year ending June 21. “Deposits made into the...
  • Warning to Banks Withholding Customer Data
    07/21/2018
    The Iranian National Tax Administration’s special prosecutor has threatened banks and credit institutions with legal action, if they fail to share the data of their customers with INTA. 
  • EIB Casts Doubt on European Plan to Salvage Nuclear Deal
    07/21/2018
    The European Investment Bank’s global operations would be put at risk if it were to invest in Iran, its...
  • Stocks Bow to Systematic Risks
    07/21/2018
    Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices, based on a stronger dollar and an escalating trade war between the US and China, sunk metal...
  • Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
    07/19/2018
    Russia and Kazakhstan are temporarily stepping back on sales of hot-rolled steel coils to Iran...
  • Lead, Zinc Ore Extraction Increases 86%
    07/19/2018
    Major Iranian lead and zinc producers extracted a total of 387,057 tons of ores during the first quarter of the current fiscal year (March 21-June 21), indicating an 86% uptick in production...
  • Secondary Forex Market: Corruption Loopholes Abound
    07/19/2018
    Two goals set have been set for the recent establishment of the so-called “Secondary Forex Market”, namely meeting the country’s monetary needs through non-oil exports and setting a non-government-...
  • Interbank Rate Tweak to Impact Interest Rates
    07/19/2018
    Officials at the Central Bank of Iran have announced the decision to change interbank interest rates in a move that will subsequently impact deposit interest rates, a senior official at the Tehran...
  • New CII Chief Appointed
    07/19/2018
    Gholamreza Soleimani Amiri, the former director of Social Security Organization, secured the approval of President Hassan Rouhani’s Cabinet on Wednesday to replace Abdolnasser Hemmati as the new...
  • About 1.55 billion shares valued at $152.22 million changed hands at TSE on July 18.
    07/19/2018
    Tehran Stock Exchange’s main index lost 4.12 points on Wednesday to end trading at 107,776.5. About 1.55 billion shares valued at $152.22 million changed hands at TSE for the day. Trading at TSE...
  • Iranian Banks Downsizing Branches
    07/19/2018
    Iran’s banks and credit institutions have continued the process of reducing their local branches in the past three months, according to latest numbers disclosed by the Central Bank of Iran,...
  • Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
    07/19/2018
    The European Union may opt for digital currencies in its dealings with Iran, as it seeks to save the nuclear deal it signed with Iran along with other world powers in 2015 and now in tangible risk...
  • $312m Paid in Travel Currency in 3 Months
    07/18/2018
    A total of $312 million were allocated by the Central Bank of Iran to people traveling abroad in the roughly three months that has passed since the Iranian government decided to unify the country's...
  • Iran, Ghana Sign Capital Market Deal
    07/18/2018
    Capital market authorities from Iran and Ghana signed a memorandum of understanding for cooperation between the two regulators in Tehran on Tuesday. The MoU, signed by Iran’s Securities and...
  • IMIDRO Outlines Q1 Downstream, Upstream Steel Performance
    07/18/2018
    A total of 11.22 million tons of iron ore concentrate was produced in Iran during the first three months of the current fiscal year (March 21-June 21), to register a 20% growth compared with last...

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