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Tehran - Capital of Iran
Tehran
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Economy

More than half of Iran's industry is based in Tehran. Industries include the manufacturing of automobiles, electronics and electrical equipment, military weaponry, textiles, sugar, cement, and chemical products. It is also a leading center for the sale of carpets and furniture. There is an oil refinery south of the city. Tehran is a sprawling city at the foot of the Alborz mountain range with an immense network of highways unparalleled in western Asia. It is also the hub of the country's railway network. The city has numerous large museums, art centers, palace complexes and cultural centers. In the 20th century, Tehran faced a large migration of people from all around Iran. Today, the city contains a mix of various ethnic and religious minorities, and is filled with many historic mosques, churches, synagogues and Zoroastrian fire temples. About 30% of Iran’s public-sector workforce and 45% of large industrial firms are located in Tehran. Few foreign companies operate in Tehran. Today many modern industries of this city include the manufacturing of automobiles, electronics and electrical equipment, weaponry, textiles, sugar, cement, and chemical products. It is also a leading center for the sale of carpets and furniture. There is an oil refinery near Ray, south of the city. Tehran has three airports, including Mehrabad International Airport, Imam Khomeini International Airport, and Ghal'eh Morghi airfield. The Tehran Stock Exchange, which is a full member of the Federation Internationale des Bourses de Valeurs (FIBV) and a founding member of the Federation of Euro-Asian Stock Exchanges, was one of the world's best performing stock exchanges in recent years.

The Tehran Stock Exchange (TSE)

The Tehran Stock Exchange (TSE) (Persian: بورس اوراق بهادار تهران‎) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of May 2012, 339 companies with a combined market capitalization of US$104.21 billion were listed on TSE. TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2013. TSE is an emerging or "frontier" market. The most important advantage that Iran's capital market has in comparison with other regional markets is that there are 37 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining, steel iron, copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East. The second advantage is that most of the state-owned firms are being privatized under the general policies of article 44 in the Iranian constitution. Under the circumstances, people are allowed to buy the shares of newly privatized firms.

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Coding & design by: Aida Bidar & Erfan Alikhani