SMEs to Open in Iran’s Capital Market via IFB Channel
- Today, 10% of Gameron Petro-Industry’s shares, equal to 6 mn shares, were initially offered in the Small to Medium Sized Enterprises (SMEs) market in Iran Fara Bourse, which is a major economic driver in developed countries; this will also act as the official opening of this market in Iran’s Capital Market. The most important point in this IPO is that only institutional and organizational investors were allowed to register buy orders.
- Being obliged to sell their excess assets to raise their capital at one hand and minimize their non-banking activities on the other, some officials active in this area have submitted a letter to the first Vice President demanding for postponing this matter at least for a year hoping for the recession in the property market to end; their financial statements prove that such banks have done huge investments in the real-estate market in the past years.
- In a visit with the Head of Iran Chamber of Commerce, Industries, Mines and Agriculture, the Ambassador of Syria stated that Iran’s private sector is on top of the list for Syria reconstruction, both in terms of its economy and infrastructures, which calls for preparing a plan in advance.
- Based on its latest statistics, the CBI announced the inflation rate in Azar month (21 Nov- 20 Dec) to reach 8.6%, registering no difference compared to the month before; however, the Consumer Price Index for the urban areas hit 252.9, which shows a 1.4% rise.