Yearbook 2018
About Iran Fara Bourse
Established: 2008
CEO: Mr. Amir Hamooni
Address: No.1, North Didar St., Haqqani Hwy.,
Tehran, Iran
Contact Name: Mrs. Mahsa Tavakoli
Email: [email protected]
Website: en.ifb.ir
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Economic Development
and Outlook
Iran had a GDP in 2017 of US$439.5 billion, and a population of 82.3 million people. Iran’s economy is characterized by the hydrocarbon sector, agriculture and services sectors, and a noticeable state presence in manufacturing and financial services. Iran ranks second in the world in natural gas reserves and fourth in proven crude oil reserves. Economic activity and government revenues still depend to a large extent on oil revenues but Government has certain plan to diversify the revenues.
Iran’s GDP growth in 2017-18 dropped to 3.8%, as the effect of a significant surge in oil revenues in the previous year dissipated.
The main challenge of the country continues to be economic improvement.
Outright unprecedented sanctions imposed by US has drastically affected Iran's businesses. US has also added another layer to its “maximum pressure” campaign against Iran when it declared the country’s Islamic Revolutionary Guard Corps a “Foreign Terrorist Organization”.
Regardless of US hostile pressure, the year 1398 has been named "Year of Boosting Production".
Based on research and having benefited from the viewpoints of experts, one concludes that the key to improve economic situation is the expansion of national production.
Hence,7 Strategic approaches are under planning to be developed in different areas of industry.
"Concentration on Boosting production" specially in " Mining industry" and " High-tech Knowledge-based enterprises", "Development of International Cooperation with Economic Diplomacy as the main approach", "Export Expansion", " Resolving Barriers to Production", "Attention to the Social Responsibilities of Industry and Planning to Promote Ministry of Industry, Mine and Trade Position" as a pioneer in economic and industrial development.
With the themes in place, all sectors are needed to work on the goals and deliverables to accomplish each of the strategic topics.
Accordingly, in Capital Market, based on SEO chairman, all the infrastructure institution tries to support enterprises raise money via a wide range of products from IPO to Sukuk issuance, backing them with their ambitious objectives to create jobs and grow skilled businesses. Also, Capital Markets focuses on inviting more individuals and families to have the opportunity sharing that success as everyday investors.