World Business and Economic Analysis
World Business and Economic Analysis
The resolution of financing and insurance issues faced by Iran could open the gate to many areas of cooperation with German businesses, said the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture. Masoud Khansari made the statement in a meeting with Ilse Aigner, Bavarian State Ministry for Economic Affairs and Media, Energy and Technology, in Munich on Tuesday. Heading a 60-strong business delegation made up of members of TCCIMA, Khansari arrived in Munich on Sunday for a three-day stay before heading to Berlin on Wednesday for a two-day visit. Meetings with German counterparts in the chambers of commerce and industry for Munich and Upper Bavaria, Munich Municipality and Ministry of Food, Agriculture and Forestry and the Ministry of Public Health and Care Services are also on the Iranian mission’s agenda. The Association of German Chambers of Commerce and Industry, and the Federation of German Wholesale, Foreign Trade and Services are officially hosting the TCCIMA delegation. Back in 2015, German Foreign Minister Frank-Walter Steinmeier, Aigner and Chief Executive of Bavaria’s Business and Industries Association Bertram Brossardt visited Iran and paved the way for the current visit. Bavaria is Germany’s biggest state that hosts many industries, including BMW, Audi and Siemens.
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London will host an exclusive summit examining the opportunities and challenges surrounding Iran's reintegration into the global economy in early March.
Bringing the political and commercial leadership of Iran together with major international investors, corporations and civil society organizations, the FT Iran Summit will explore Iran’s potential as an economic powerhouse as well as the political, geopolitical and cultural forces shaping its future.
The Euromoney will contribute to holding the summit with the aim of taking the needed steps for return and integration of Iran's banks to the global economic market on March 8.
Iran is undoubtedly a blessed country. In addition to its vast reserves of natural resources, its vibrant culture makes it so much more than just another resource-rich developing economy.
Its young, technologically savvy and highly educated population has the potential to propel this country into a brave, new era.
Greater demand and much needed reform of key sectors will also open up new investor opportunities.
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Some of world's biggest investment firms are reported to have already started purchasing shares in Iran's stock market.
Signs are emerging that the world’s biggest investors have already started moves to purchase shares in Iran’s stock market.
Reuters reported on Thursday that UK’s Charlemagne Capital has bought around $50 million of 18 Tehran-listed stocks.
Charlemagne Capital has joined another British investment enterprise Sturgeon Capital that purchased shares in Iran’s stock market in December. With the economic sanctions against Iran now lifted and the financial transactions with the country facilitated, both are hoping to start buying shares for European investors next month.
"The opportunity you get in Iran doesn't appear anywhere else - the other markets that are opening up like Myanmar, Cuba or Ethiopia, they don't even have stock exchanges," said Dominic Bokor-Ingram from Charlemagne Capital.
Iran, a country with a population of around 80 million, is classified as middle-income state with a well educated population and has an annual output of some $400 billion - larger than established frontier countries such as Thailand or South Africa, Reuters emphasized.
Iran’s stock market has diverse listings thanks to a broad industrial base unusual among its regional oil exporting peers, whose stock markets are often dominated by energy and petrochemicals as well as financial listings.
More than 600 companies are listed on two stock exchanges, the Tehran Stock Exchange (TSE) and the Farabourse small-cap market, the report added.
The TSE's market cap stood at 2,873,072 billion Iranian rials ($97 billion at the official exchange rate) while daily volumes over the past few days was around 2,000 billion rials.
Reuters has also highlighted the significance of Iran’s recently released assets that amount to around $32 billion. Some [of the assets], once repatriated, will end up in shares, it said. And interest rates, well above 20 percent to curtail inflation bloated by sanctions, are set to come down, freeing capital that could find its way into local stocks.
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