IRENEX and FEZs to Boost Cooperation

A memorandum of understanding was signed on Tuesday by heads of the Iran Energy Exchange (IRENEX) and the High Council of Free Trade and Special Economic Zones to boost  cooperation.
The MoU calls for facilitating financial services in the free zones and easing access to the capital market in such zones, according to Securities and Exchange News Agency.  
On the sidelines of the ceremony, Hamidreza Momeni, secretary of the HCFTSEZ said the capital market could complement banks in funding ventures in the FEZs.
“The bourse is better placed than banks when it comes to lending. We are facing huge challenges in getting loans from banks,” he was quoted as saying.