Assets
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Iran to Access $7b in Blocked Assets
EghtesadOnline: Iran will soon be able to access billions blocked in overseas banks, namely in South Korea, local media said, citing unnamed officials.
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Overseas Assets of Banks Up 38%
EghtesadOnline: Foreign assets of Iranian banks reached 20,733.3 trillion rials ($74 billion) by end of last November.
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Tokenization of Assets Can Inspire Foreign Investors
EghtesadOnline: Linking the capital market to the crypto market can and will encourage foreign investors to put their money in Iran’s capital market using tokens backed by assets, an official…
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Gov’t Wants to Sell 2,500 Surplus Assets
EghtesadOnline: The Economy Ministry has prepared an inventory of 2,500 properties owned by different government organizations that have no legal constraints vis-à-vis divestments.
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Banks’ Assets Rise 43%
EghtesadOnline: Banks held 75,206.8 trillion rials ($278 billion) in assets by the end of the month to August 22, indicating 43.8% increase compared to the same period last year.
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Assets Held by Investment Funds Reach $21.4 Billion
EghtesadOnline: Funding in investment funds reached 100 trillion rials ($416 million) in the calendar month ending July 11, said an official with Securities and Exchange Organization.
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Iran Government to Divest Assets Worth $4.5b
EghtesadOnline: The government intends to sell property and shares in state companies worth 1,000 trillion rials ($4.5 billion) in fiscal March 2021-22, the economy minister said.
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Iran's CB Averts US Bid to Seize Its Assets Locked in Luxembourg
EghtesadOnline: The Central Bank of Iran said it legal efforts prevented a Luxemburg court order to transfer its forex assets to the United States.
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Assets on Divestiture List of Banks Valued at $3.6 Billion
EghtesadOnline: New estimations indicate banks and credit institutions affiliated to the government own non-banking assets worth 900 trillion rials ($3.6 billion), the deputy economy minister…
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Legal Action to Avoid US Seizure of CBI Assets at Deutsche Boerse
EghtesadOnline: The Central Bank of Iran in a statement said it will resort to legal action to counter efforts to seize its assets at Deutsche Boerse’s Clearstream unit.
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Banks Told to Shed Assets, Fix Balance Sheets
EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has again called on lenders to tap into the stock market to improve their books and balance sheets.
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MRC Has Reservations About Privatization Scheme
EghtesadOnline: The Majlis Research Center says a new government plan to divest its assets in assorted companies via exchange-traded funds is not “privatization in the true sense”.
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Iran Gov't Takes Different Approach to Divestitures
EghtesadOnline: The Iranian Privatization Organization has outlined plans to facilitate divestiture of government assets in the coming Persian calendar year that begins in March.
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Italian Court Dismisses $6b US Lawsuit Against CBI
EghtesadOnline: Iran’s central bank said an Italian court has rejected a lawsuit filed by American plaintiffs over seizure of the bank’s assets in the country worth $5.99 billion.
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Tehran Stock Market Posts Higher Returns
EghtesadOnline: A report reviewing the performance of different markets during the first seven months of current fiscal year (March-21-October.22) shows investors reaped higher returns from investment…
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Plan to Shed Surplus Assets of Banks Worth $1.3 Billion
EghtesadOnline: Economy Minister Farhad Dejpasand unveiled an online system that tracks surplus assets owned by banks and credit institutions.
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Banks Face Limits in Boosting Capital
EghtesadOnline: Banks and credit institutions in Iran are facing a myriad of challenges including cumbersome regulations and technical issues to boost capital through revaluation of their assets,…
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Banks to Dispose Spare Assets Worth $5.6 Billion
EghtesadOnline: Banks are set to dispose of assets to the tune of 600 trillion rials ($5.6 billion) by the end of the fiscal year (March 2020), a deputy minister of economy told a press conference…
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Iran's Central Bank Assets Rise 27.8%
EghtesadOnline: Total assets of the Central Bank of Iran reached 7.1 quadrillion rials ($ 70.1 billion) in the first seven months of current fiscal year, registering 27.8% growth year-on- year…