World Business and Economic Analysis
World Business and Economic Analysis
Modern investment consulting firms encounter several challenges in their pursuit of providing sound financial advice during the investment process.
These challenges include the following:
• Market volatility: Fluctuations in financial markets can make it challenging to provide stable, consistent advice. Consultants must navigate market ups and downs while keeping clients on track toward their goals.
• Regulatory changes: Evolving financial regulations impact consulting practices. Staying compliant with regulatory requirements and adapting to new standards can be complex.
• Client expectations: Meeting diverse client expectations is always demanding. Clients may have different risk tolerances, goals, and preferences, making personalized advice necessary.
• Investment complexity: As investment products become more intricate, consultants must continually update their knowledge to understand and recommend these options effectively.
• Technological disruption: The integration of advanced technologies, like robo-advisors and AI-driven services, presents serious challenges. Consultants need to adapt to remain competitive and provide value beyond what automation offers.
In international investment consulting, ethics play a critical role in shaping the relationships between consultants and their clients.
The ethical framework that underpins this profession is multifaceted and goes beyond mere guidelines. Consultants must maintain the highest ethical standards to build trust with clients and protect their interests.
Key ethical considerations include:
• Fiduciary duty: Consultants have a fiduciary duty to act in their clients' best interests. This means putting the client's financial well-being ahead of any personal or company interests.
• Conflict of interest: Investment consultants must identify, disclose, and manage conflicts of interest. For example, they must disclose if they receive any compensation or incentives from recommending specific investment products.
• Full disclosure: Transparency is vital in this business. Consultants should provide clients with comprehensive information about fees, investment strategies, and any potential risks associated with their recommendations.
• Client confidentiality: Maintaining client confidentiality is another ethical obligation. Consultants must protect clients' sensitive financial information and not disclose it.
• Competence and education: Investment consultants are ethically bound to maintain their professional competence through ongoing education and training.
Practice shows, that investment consulting firms face numerous challenges related to financial and market volatility, adaptation to regulatory changes, and evolving client expectations. They must navigate these challenges while upholding ethical standards.
Iran sold light crude oil at $44.60 per barrel in the week ended on May 27, a 9-cent rise from its previous week, World Business Year reported .
The country’s light oil price stood at $34.5 on average since the beginning of current Iranian calendar year (March 20, 2016).
Also, Iran sold heavy crude oil at $42.39 in the mentioned week, with 6 cents increase from its preceding week.
The country’s heavy oil price stood at $32.05 on average since the start of this calendar year.
Meanwhile, Organization of Petroleum Exporting Countries (OPEC)’s basket price rose to $44.65 per barrel on average in the week ended on May 27, with 11 cents increase from its preceding week.
Iran, once OPEC’s second-largest producer after Saudi Arabia, is seeking to clear space for its gradual return to the market now that the sanctions are being lifted against the country.
In the 169th (ordinary) OPEC meeting in Vienna on June 2, Iranian Oil Minister Bijan Namdar Zanganeh announced that the Islamic Republic plans to increase oil production to 4.8 million barrels per day (bpd) in 5 years and return its pre-sanctions share of 14.5 percent in OPEC.
Iran's Energy Minister Hamid Chitchian and his Tunisian counterpart Mongi Marzouk on Saturday discussed expansion of mutual cooperation between the two countries in the energy sector.
In a meeting in Tehran, Chitchian and Marzouk exchanged views on key aspects of Iranian-Tunisian cooperation and explored potential capacities and needs of the two sides in the energy sector, Tasnim News Agency reported.
The Iranian minister described the meeting as a major step forward for the two countries to boost energy cooperation and meet each other's needs.
Heading a high-ranking delegation, Marzouk arrived in Tehran earlier on Saturday.
Iran's capabilities in the electricity industry will be presented to the Tunisian minister during his stay, Chitchian further said.
Homayoun Haeri, the managing director of Iranian Energy Ministry's Water and Energy Industries and Exports Support Center, said Tunisia is a new destination for Iran's electricity industry exports.
He added that Iran will increase export of technical and engineering services to Tunisia.
The Tunisian minister's visit comes against the backdrop of a new wave of interest in ties with Iran after Tehran and the P5+1 (Russia, China, the US, Britain, France and Germany) reached a conclusion on the text of a comprehensive 159-page deal on Tehran's nuclear program on July 14, 2015 and started implementing it on January 16.
The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran.
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