TEHRAN- The 11th edition of Iran’s International Exhibition of Exchange, Bank and Insurance (FINEX 2018) kicked off at the Tehran Permanent International Fairground on Monday with participation of 392 Iranian and foreign companies.

The inaugural ceremony of the event was attended by Iranian Vice President for Science and Technology Sorena Sattari, Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi and a number of senior officials of the country’s financial and banking organizations, IRNA reported.

Companies from Iraq, Oman, Turkey, United Araba Emirates (UAE), Switzerland, Sweden, Britain and Russia are present in the exhibit which will run until Thursday.

The third edition of Iran’s Finstars (Finstars2018) is also held on the sidelines of FINEX 2018.

Finstars is a series of financial events that brings together fintech startups and fintech experts to meet Iran’s technological needs of the financial markets and share innovative ideas on fintech, Iran Fara Bourse Company (IFB) announced.

Panels and workshops mainly focusing on experiences of the successful teams at Finstars2016 and Finstars2017 will be held in the event for creating a platform to change good ideas into real startups.

Addressing the inaugural ceremony of FINEX 2018, Sorena Sattari put the country’s startups income at 600 trillion rials (about $14.28 billion) in the past Iranian calendar year (ended on March 20).

MA