Reported by HPMM Group according to FINANCIAL TRIBUNE ;The International Financial Reporting Standards Foundation has published a new profile on the use of IFRS standards in Iran. “By requiring banks, insurance companies, other financial institutions and listed companies to apply IFRS standards, the Audit Organization of Iran has demonstrated that Iran has made a public […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;While the government and the central bank have come under fire for recent currency market swings, officials have sought to allay fears by saying that these fluctuations are only temporary The US dollar broke the 40,000-rial threshold in Tehran’s market on Wednesday, recording an all-time high for […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Export Development Bank of Iran has rekindled its dealings with 90 international banks after the country reached a nuclear accord with world powers last year, announced the bank’s chief executive. “After the nuclear deal was struck, we opened accounts with 23 banks and can now do […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Indian exporters have written to the Reserve Bank of India to expedite clearances for Iranian banks that have applied to open branches in India. “We have asked the RBI to expedite clearance of the applications given by Iranian banks to open up branches. The Commerce Ministry is […]

NIORDC managing director has reported on a change in Iran’s oil transmission network and launch of new corridors for exports of petroleum products. Reported by HPMM Group according to MEHR NWES   ;On the latest status of exports of the country’s oil products, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Higher oil production and exports, after the implementation of the Joint Comprehensive Plan of Action, should allow real GDP growth to rebound to 6.6% in 2016-17 The International Monetary Fund, in its latest assessment of Iran’s economy, has forecast a decent growth rate for the country both […]

Iranian President Hassan Rouhani said boosting relations with neighboring countries particularly in economic and national security terms is among Iran’s foreign policy priorities. Reported by HPMM Group according to  MEHR NWES ; Rouhani made the remarks among reporters on Wednesday before departing for Armenia. Elaborating more on his visit to Central Asia and the Caucasus, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Central Bank of Iran is planning to launch a new regulatory body specifically for fintech firms, a CBI official announced on Sunday. “CBI has been working on fintech regulations since last year. We are planning to develop an ecosystem to authorize the operation of financial startups […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Working to tackle the demons of unemployment, low wage growth, poverty and recession would be half-baked efforts, as long as the grounds for vested interests and corruption remain entrenched Iran’s economy is looking ahead to 2017 with both big prospects and hefty challenges in store. The outgoing […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The plan to prepare the ground for Iranian bank cards to be used in other countries will be implemented at the beginning of the next fiscal year in March, announced the deputy for innovative technologies at the Central Bank of Iran. Ali Kermanshah added that the plan […]