Iran Mercantile Exchange presented itself once more in Invest fair which was held this year for the 16th time and warmly welcomed by European investors and media.
Tehran, YJC. French Finance Minister Pierre Moscovici has brushed off criticism by US officials regarding a French business delegation's visit to Iran.
Despite of the sanctions imposed by the U.S. and its allies on Iran, the trade turnover between the U.S. and Iran is growing, Iranian ambassador to Azerbaijan mohsen pakaeen told Trend on Feb.1.
During first 9 months of the Iranian calendar year of 1392 beginning from March 20, 2013, around 17.7 million tons of commodities were trade d with 309000 billion IRR in value which shows 19 and 60 percent increase in volume and value respectively compared with the same period last year.
During last month total volume of 2,352,000 MT of various types of commodities were trade d in IME trading floors in local and export with the total value of 1,520 billion USD which shows a growth in volume and value respectively 26 and 18 percent.
Asian stock markets rose Monday after Wall Street posted its seventh straight week of gains and a nuclear deal between world powers and Iran boosted sentiment.
During last trading week of IME ended 7 of November, more than 515,000 MT of various types of products were trade d with the total value of 7,700 billion IRR(308 million USD)..
Tehran, YJC. -- Warehouse receipts or warrants being an efficient instrument contributing to delivery process both for spot and futures markets are going to be listed and accepted as a collateral that suppliers may deposit with the IME clearing house to fulfill their obligations. By addition of this trading tool to the array of exchange instruments it may function as a solution to back trading of market participants.