Industries in Iran eye capital market for funds

Financial Tribune – The Ministry of Industries, Mining, and Trade is planning a bigger role for the stock market in funding the industrial sector, the Minister said.

Speaking to businesspeople on Saturday, Reza Rahmani said his ministry is preparing new guidelines to help fund companies through different sectors of the capital market, such as finance via investment funds and bonds.

Pointing to the credit crunch as one of the myriad challenges industries are grappling with, Rahmani referred to similar agreements in the past between the ministry and banks as main lenders to companies.