Easement of Presence for Foreign Investors in the Capital Market of Iran
CSDI is planning to deploy a model to alleviate the concern of international investors for the brokers` settlement risk and help more attract foreign capital”, said the Vice-Chairman International & Foreign Investment Affairs of Securities and Exchange Organization.
Dr. Bahador Bijani announced “A 140 percent increase in the foreign investment portfolio after the Iran`s Joint Plan of Action in April 2015. Since the implementation of the deal for joint action from January 2015 down to 22 August, there has been an increase equal to 140 percent in the value of foreign investment portfolio”, CSDI reported.
He continued, after the deal, our interactions with foreign capital markets entities like the regulators, exchanges and other financial institutions have stepped up. For example, our interactions with the regulator of the capital markets, insurance and banking system of Germany is underway and we will have good news in this regard soon.
According to Dr. Bijani “Chemicals, Basic Metals and Petrochemicals combined with Islamic Treasury Bills are among the popular financial instruments with foreign investors”. He also spoke of a plan in CSDI that will facilitate the presence of foreign investors and eliminates one of the market risks. This plan is prepared with the cooperation of the Securities Exchange Organization (SEO). “We will provide special facilities for large foreign investors to eliminate their concern over brokers` settlement risk and help spur up foreign capital attraction”.
Iran to sign 4 contracts with foreign auto-makers
Mansour Moazemi, head of Iranian Mines & Mining Industries Development & Renovation(IMIDRO), said Iran is going to sign three to four new contracts in automotive sector with leading carmakers by early 2017.
He, also, noted that Iranian car market will never be open to arrival of BUXs, adding foreign auto-makers can resume activities in Iranian market in case they can use potential of Iranian local carmakers and export their products.
Moazemi further siad that companies like Peugeot and Citroën and other firms entering Iran in future, should export 30-40 percent of cars manufactured in the country.
IME monthly trade hits $1,188 mln
Iran Mercantile Exchange (IME) traded 2,858 KT of various commodities in August worth over $1,188 million in spot and side markets.
It is worth noting that the derivatives market played host to the trading of 242,242 gold coin futures contracts worth over $905 million
SMEs reconnecting Iran-Germany economies
Small and medium-sized enterprises can boost economic links between Iran and Germany under the auspices of the two governments, the economic affairs, media, energy and technology minister of Germany’s Bavaria State, Ilse Aigner, said on Monday.
In a gathering organized in Tehran between Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and Bavarian trade and industrial machinery delegation, the German minister said Iran and Bavaria should move ahead to restore economic relations. Aigner, heading a 50-member trade delegation, traveled to Iran on Saturday to discuss expansion of economic ties with Iran. The 50-member delegation is comprised of representatives from automotive, electronics, construction, engineering, banking, and environment sectors.
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