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Iran Energy Exchange

Iran Energy Exchange; Taking Steps Forward

by date: 1 February 2017in Blog, CapitalMarket No Comments

Iran Energy Exchange; Taking Steps Forward

 

By Mahdi Goodarzi & Mojde Rezaee

Introduction

As a self-disciplined commodity exchange with the possibility of physically trading energy carriers, including oil, gas and electricity along with commodity-based securities, Iran Energy Exchange (IRENEX) was established in 2011 licensed by the High Council of Securities & Exchange as the fourth official exchange of the country and as a public company under the supervision of the Securities & Exchange Organization.

The IRENEX has 3 main sections of Physical, Derivatives and Side markets, whose sub-markets along with the current and future instruments can be seen in the table below:

Iran Mercantile Exchange

Iran Mercantile Exchange; Efforts & Opportunities

by date: 25 January 2017in Blog, CapitalMarket No Comments

Iran Mercantile Exchange;

Efforts & Opportunities

 By Mahdi Goodarzi & Mojde Rezaee

Considering the many investment opportunities in Iran, both in direct and portfolio investment, the lifting of sanctions has paved grounds for Iran’s using fresh money, by re-linking Iran’s economy to global financial markets. Under the current situation, the role of the capital market, including the Iran Mercantile Exchange (IME) is of paramount importance; therefore, market participants are in dire need of more familiarity with the IME.

Iran’s Capital Market

Iran’s Capital Market to Grow New Skin

by date: 18 January 2017in Blog, CapitalMarket No Comments

Iran’s Capital Market to Grow New Skin

 

By Mahdi Goodarzi & Mojde Rezaee

Introduction

Since the JCPOA was hit, Iran’s economy, and therefore, Iran’s capital market have entered a new phase. Calling this market as one of the highest yielding emerging markets in the world, the head of Securities and Exchange Organization of Iran (SEO) assured investors, both domestic and foreign, that attempts are to uplift Iran’s capital market, providing the necessary foundations and infrastructures.

Iran's Banking System

Reform Iran’s Banking System; The Three Labours

by date: 11 January 2017in Blog No Comments

Reform Iran’s Banking System;

The Three Labours

By Mahdi Goodarzi & Mojde Rezaee

The current article, whose first part was published here, deals with the main three items to be corrected in order for the mentioned reform plan in Iran’s banking system to take place, which is hoped to eventually result in prosperity in Iran’s Economy.

The Road Map

Cash flow and toxic assets crisis in banks, as a short-term to midterm problem in Iran’s banking system, is the result of structural and organizational conditions, whose sustainable solution takes time; until then, they may negatively affect the banking system for a while, adding to its instability. Consequently, it is important to first bring about a temporary improvement in this system using new policies and then, start implementing a comprehensive reform plan. In line with fundamental actions to rebuild the banking system along with attempts to restructure their balance sheets, quick measures must also be taken to solve banks’ cash flow problem. Considering the current conditions, this preliminary reform plan for the banking system must have the following features:

Iran’s Economy

Reform the Banking System; Save Iran’s Economy

by date: 4 January 2017in CapitalMarket, Macroeconomics No Comments

Reform the Banking System;

Save Iran’s Economy

By Mahdi Goodarzi & Mojde Rezaee

Introduction

In the past few months, economists, capital market practitioners plus CBI officials have been stressing on the necessity of applying a reform plan to Iran’s banking system, as a pre-requisite to bring prosperity back to Iran’s Economy. The current article deals with the statement of this problem in the first part since the development of the capital market, the facilitation of foreign investment, and the establishment of the relation between Iranian exchanges and their foreign counterparts in the post-sanctions era are going to be based on the banking system infrastructures, rendering its restructuring inevitable.

Iran Economy

Foreign Investment Longing to Enter Iran Economy

by date: 28 December 2016in Blog, CapitalMarket, Macroeconomics No Comments

Foreign Investment in Iran Economy;

Longing for Domestic Bodies’ Unanimity

By Mahdi Goodarzi 

Have you ever wondered why only a handful of foreign investors have actually entered Iran Economy and started trading in Iran’s capital market after so many visits and meetings within the last 2 years? Why on earth Iran’s securities market have not been decently welcomed despite holding numerous seminars, roadshows and exhibitions focused on the absorption of foreign investment? Is it that Iran’s capital market does not actually have what it takes or we should look for something else?

characteristics-command-economy_dae5479102a87af3-2

Iran’s Budget Close Up!

by date: 21 December 2016in Blog, CapitalMarket, Macroeconomics No Comments

Iran’s Budget Close Up!

By Mahdi Goodarzi & Mojde Rezaee

President Rouhani submitted the draft of Iran’s Budget Bill for the new Persian calendar year, starting 21 March 2017, to the Majlis on Sunday December 4th. During his speech, two missions were stated as the underlying basis of preparing this draft; the first is to offer services funded by the general budget considering the limitations of resources and the second is to leverage the governmental budget resources to activate the non-governmental sector in order to fuel and boost economic growth and prosperity in Iran’s economy.

Tehran Stock Exchange

Tehran Stock Exchange, Right Place, Right Time!

by date: 29 November 2016in CapitalMarket No Comments

Tehran Stock Exchange, Right Place, Right Time!

By Mahdi Goodarzi & Alireza Hojjatnia

Placed 5th amid middle eastern financial markets, Tehran Stock Exchange is known as the biggest of frontiers; a USD 100 mn market, bigger than Kuwait, Pakistan, Nigeria, Vietnam and even Argentina. Now that the disputes over Iran nuclear program have been resolved, it is time for foreigners to dip their toe into the nation’s capital market investment water, considering the risks of course. In addition, further developments in banking relations with international piers, specifically EU, have made the interactions even better.

Vintage gas mask and headphones

Will “Dutch disease” be Back?

by date: 31 October 2016in Macroeconomics No Comments

Will it be Back?

By Mojde Rezaee & Alireza Hojjatnia

“Dutch disease is the negative impact on an economy of anything that gives rise to a sharp inflow of foreign currency, such as the discovery of large oil reserves. The currency inflows lead to currency appreciation, making the country’s other products less price competitive on the export market”

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.

Iran’s capital market

Banking, the master key to lure foreign investors into Iran’s capital market!

by date: 24 October 2016in Macroeconomics No Comments

Banking, the master key to lure foreign investors into Iran’s capital market!

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.