– In a performance report on global exchanges, Tehran Stock Exchange could left 12 other rivals behind and placed 4th recording a return of 2.9%. After Turkey, Hong Kong-Germany and India-Paris, Tehran Stock Exchange stood above NYSE and S&P500. Factoring the most green days on global markets, TSE placed first with most positive sessions since the new year until today.
– In a meeting amid Iran Minister of economy and his Austrian counterpart both side reaffirmed the mutual consent to develop the two nations banking ties. In that regard, Über uns, the biggest of Austrian Banks is to dedicate a figure of EUR 1 bn to capitalizing Iranian investment projects. Hans Jörg Schelling aslo stated that all the Autrian banks are eager to develop bilateral correspondents with their Iranian bodies. Further this session the feasibility of a double taxation scheme between two countries discussed and both sides reached and agreement on most fundamental basics.
– Acting as a catalyst to deepen Iran capital market by directing liquidity to real economic sectors, debt securities with the highest yields have been reported below until 18 January 2017:
– According to the Statistical Center of Iran, the Inflation Index stood at 6.9% over 21 Dec- 19 Jan, registering 3 points down in comparison with the same period last year.
– After the entrance of new airliners to modernize the nation’s fleet, an MoU has also been signed between Iran Airport Company and Germans, including Frankfurt and Munich Airport, aimed at expanding Iran Airports and modernizing its equipment and facilities. This MoU deals with navigation infrastructures and operation management in addition to airport development.
– The Minister of Roads and Urban Development announced the signing of deal between Iran and Germany in the transportation railway transportation sector. The planned locomotives will be jointly produced by Siemens and Mapna.
– After a year from the JCPoA in an interview, the CBI governor stated that this deal has paved the grounds and created the opportunity for foreign companies to resume their cooperation with Iranian banks and institutions and given it enough time, hard work and negotiations, Iran and Iran’s Economy can again play an active role in the international scene.
– Referring to Iran’s rich resources, with the potential to completely improve Iran’s Economy, an official announced the available cooperation opportunities between Iran and Europe in mineral and industrial activities; he stressed that there are fine grounds for joint-activity by Iran, Austria and Germany in steel and coal sector. In order to fully enjoy such opportunity, Iranian private sector must be encouraged to actively start negotiations with such foreign partners.
By Mojde Rezaee & Alireza Hojjatnia
With a rise in commodity prices, it is expected for oil rich nations to witness economic growth and generally a better economic performance. Unless being managed accordingly by adopting adequate and effective policies, such massive revenues will cause irreparable economic catastrophes which had been covered and hidden before. The economic aftermaths for the nation would be abnormal inflation growth, meteoric rise in real estate prices, reduced manufacturing and high unemployment rate which all end in instability and drop by drop will worn out the economy’s infrastructures.
By Mahdi Goodarzi
Now it is no news that after JCPoA, cravings towards entering Iran’s capital market was rippling amid foreign merchants and businessmen; a desire based on the unseen potentials that they cannot be ambivalent to. The capital market was not an exception and the visits paid by fund and portfolio managers, investment banks and brokers within the past 2 years proved that they could not afford to overlook the opportunity and lose this golden chance.
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