Financial Tribune

  • Stocks Bow to Systematic Risks

    Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices, based on a stronger dollar and an escalating trade war between the US and China, sunk metal stocks' fortunes in Iran as its main drivers, augmented by the government's refusal to allow the sale of commodities at an exchange rate other than the enforced one.
    Metal producers and miners were at the forefront of Tehran Stock Exchange and Iran Fara Bourse's speeding growth earlier this month and its decline in the last two weeks have all but sapped stocks of their strength to rebound.
    Overall, TSE's all-share index TEDPIX, shed 1,728.5 points or 1.57% during the week that ended on July 181 to close at 107,776.6. 
    Iran Fara Bourse’s benchmark index, IFX, wiped 15 points or 1.2% to stand at 1,210.8. 

  • Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.

    Expectations for Turkey's end-2018 inflation rate rose from 12.28% in June to 13.88% in July, the...

  • South Pars has 24 standard phases, most of which are fully operational.

    The giant South Pars Gas Field in the Persian Gulf is slated to increase production capacity by 84 million cubic meters per day, which has currently stabilized at a rate of 550 mcm/d, by the end of the current fiscal year (March 2019), the managing director of Pars Oil and Gas Company said.
    "Platform 14A, the construction of which had been assigned to Iran Shipbuilding and Offshore Industries Complex Company [in Bandar Abbas, southern Iran], has gone on stream," Mohammad Meshkinfam was also quoted as saying by Oil Ministry's news portal, Shana.
    He added that Platform B14, which is also built by ISOICO, is expected to be installed by the fiscal yearend.

  • Majlis Think Tank Calls for  Regulating Cryptocurrency

    The research arm of Iran's Parliament has conducted a study on cryptocurrencies, advising a host of decision-making bodies to join forces and employ the potentials of digital money and blockchain technologies through constructive regulations to foster the economy and circumvent US sanctions.
    The study, titled "A prelude to regulating cryptocurrencies in Iran's economy", was published on the official website of Majlis Research Center. It probes the history of cryptocurrencies' advent, variety of virtual currencies, markets, pros and cons and regulatory frameworks.
    The center summarized the issue and offered solutions tailored to Iran and called for swift action, especially since external pressure against it is only liable to increase after US President Donald Trump's pullout from the Joint Comprehensive plan of Action. 
    MRC wrote that in light of the difference between cryptocurrencies and traditional currencies, regulators must "enact regulations in response to this type of currency in the country as soon as possible" and make the pros outweigh the cons for Iran.

  • A Capital City Not  Cherished by Residents

    There is indeed much to hate about Tehran, including its harrowing traffic jams and persistent air pollution, the polarization of city services between its northern and southern districts, and high population density.
    These urban issues, according to a survey by Tehran Municipality, have so rattled the nerves of 58% of its residents that they are keen to leave the capital city, provided other cities have favorable conditions. 
    According to the Persian daily Donya-e-Eqtesad, which did not mention the period of the survey, up to 70% of the residents of southern areas of Tehran, encompassing the municipal districts 10, 14, 12, 11, 15 and 17 generally known as underprivileged areas, are willing to leave Tehran.  
    The metropolis of Tehran is divided into 22 municipal districts, each with its own administrative center. Twenty of the 22 municipal districts are located in Tehran County’s Central District, while districts 1 and 20 are respectively located in the counties of Shemiranat and Rey. 
    Although administratively separate, the cities of Rey and Shemiranat are considered part of Greater Tehran. 

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