– 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.
– A memorandum of understanding has been signed amid Iran central bank and “Sinosure”, a Chinese Trade Credit Insurance company, giving guarantee on facilities that will capitalize future Iranian construction and production projects. In a meeting with “Sinosure” executive director and the deputy governor Iran Central Bank, ensured that the Chinese credit lines will be open to Iranian state owned companies in times of utilizing funds from China.
– In his return from Russian Federation, Iran Central Bank chair, Vali Allah Seif, herald for the two nations to ease the banking relations. On the first step, it seems that “Shaparak” and “Mir” payment systems are to connect in order to facilitate the purchases for the both countries tourism sector. After the technical processes are done, the utilization of credit or debit cards on P.O.S and ATM would be easily accessible either in Iran or Russia. The nest turn would be for two nations to use their very own national currencies in bilateral trades and commerce.
– Forasmuch as Tehran Stock Exchange has an urgent need for fresh liquidity, while ago the SEO tried to meddle, forcing fixed income fund managers to invest a minimum of 5% of the assets in equities. Despite the hope that the news brought, two months past and it is obvious that the investment committees are trashing the idea and refuse to put their money in. Excusing that the new directive shall be in run just after their current active period ended, it seems they are sending the equity obligation on a fool’s errand.
– 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.