Reported by HPMM Group according to FINANCIAL TRIBUNE ;Reducing dependency on oil revenues and diversifying its income sources have been on the agenda of Iran’s government for the past four years, the Iranian minister of economy said. “Iran’s non-oil trade balance has become positive for the first time in 50 years, which means the value […]

This latest edition of the confab is to focus on the trend of financial and regulatory reforms undertaken by the Iranian banking system and European investment in Iran with various expert workshops complementing the event’s agenda Reported by HPMM Group according to FINANCIAL TRIBUNE ;As Iran reaps the benefits of sanctions removal and reintegration with […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;French construction company Vinci SA has signed a contract with Iranian firm Kayson Inc. to invest in the development of two Iranian airports, Iran Chamber of Commerce, Industries, Mines and Agriculture confirmed in a telephone conversation with the Financial Tribune. ICCIMA declined to provide more details, but […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Central Bank of Iran is eager to increase the banking system’s interaction and collaboration with the Iranian Cyber Police, as this would help electronic banking, CBI’s governor said. “We are seeking to promote cooperation between the banking system and Cyber Police in order to create more […]

Held back by an underdeveloped wagon manufacturing industry, Iran is opting for joint venture deals with international companies to upgrade technology and boost capacity, while reducing reliance on imports The contract stipulates attracting investment and using up-to-date technology in the domestic manufacture of freight and passenger cars Reported by HPMM Group according to FINANCIAL TRIBUNE […]

The first category of information will concern figures in financial statements, namely balance sheets and income statements that include assets, debts, shareholders’ equity, revenue, costs and profit margins Reported by HPMM Group according to FINANCIAL TRIBUNE ;An integrated database will be formed to publicly release information on government-run companies, banks and insurance firms, which will […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;In spite of US President Donald Trump’s inflammatory remarks on the nuclear deal (formally referred to as the Joint Comprehensive Plan of Action) and their negative impact, there is room for optimism with regard to the future of banking ties with Europe, the head of the International […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Central Bank of Iran has notified regulations for digital and mobile payments to the banking network. According to CBI’s website, the technology to be used in the payment process is called “tokenization” in which sensitive information like card numbers or passwords are substituted with secret digital […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Islamic Republic of Iran made exporting and importing easier by expanding the services offered by the national single window, said the World Bank in its Doing Business 2017 report for the Middle East and North Africa, acknowledging the fact that the country has taken strides to […]

  The number of meetings and negotiations with foreign banks has been on the rise in the past few months and the level of banks looking to establish correspondent relations has moved from mid-tier to bigger banks Bank Mellat had only 12 correspondent relations at the onset of the sanctions-era and as a result of […]