The 6th International Exhibition of Exchange, Banking, Insurance and Privatization (Kish Invex 2019) opened in the Southern Iranian Persian Gulf Island of Kish.
260 Iranian firms as well as over economic and diplomatic delegations from 15 countries are taking part in the event.
The exhibition focuses on attracting domestic and foreign investments and exploring avenues to reach economic prosperity under the current international circumstances.
More than 300 trade meetings between participants, presentation of over 20 lectures from various countries in specialized panels and high-level meetings are among other programs of the exhibition.
Kish Invex seeks to introduce capabilities of Iranian and foreign financial institutions; to present Iran’s achievements in capital and insurance markets; to introduce modern banking and insurance services; and to enhance the competition capacities of monetary and capital markets of regional countries.
Trade tensions, weaker investment and rising inflation have further weighed on the economic outlook for Asia-Pacific over the past three months, the Asian Development Bank (ADB) said.
Multiple annual supply contracts for special high-grade zinc premiums in Europe have settled at $120/t on an fca basis over the past week.
An Iran-Oman business forum was held on Sunday, in which the two countries explored ways of further boosting economic relations, IRNA reported.
The governor of the Central Bank of Iran (CBI) said that the bank will bring stability back to the forex market, IRIB reported.
Saudi Arabian Mining Co (Ma’aden) is considering full or partial refinancing of debt it raised for the Waad al-Shamal phosphate project, which is about $5 billion in total, its chief executive said on Thursday.
Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday.