Reported by HPMM Group according to FINANCIAL TRIBUNE; the US Treasury has reassured Brazilian banks they can finance trade with Iran without fear of sanctions, opening the way to billions of dollars in potential exports of jet planes, buses and equipment, a senior Brazilian official said on Wednesday. Sanctions on non-US entities doing business with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Saman Bank and DF Deutsche Forfait Group signed an MoU to cooperate in trade financing. The collaboration primarily covers the supply of financing solutions for the exchange of goods between German and international exporters and their Iranian trading partners. The two companies will also offer consulting services to […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; The rate of the US dollar to the rial is unlikely to reach 38,000 rials, said Hamid Zaman Zadeh, director of research department at Banking and Monetary Institute, affiliated to the Central Bank of Iran. “Currently, the market is not in a crisis and no volatility is […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Under the new circumstances and after secondary sanctions were lifted, it is now possible for all kinds of banking operations between Iranian and international banks to be carried out without limitations or concerns Officials from the Central Bank of Iran and the National Bank of Ukraine met […]
Italy’s Economic Development Minister Carlo Calenda has vowed to support upcoming business deals with Iran. He called for closer ties between Iran and European countries, and hailed the Islamic Republic as an influential player in the regional issues and the global market. Reported by HPMM Group according to Press Tv; Calenda added that he would be […]
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in Italy on Tuesday to attend the opening of Iran’s exclusive exhibition dubbed “Iran Country Presentation” in Rome. The exhibition, which is organized in cooperation with Iran’s International Exhibitions Company, Iran’s Embassy in Italy and the Italian Embassy in Iran, will run through November 26. […]
Reported by HPMM Group according to IntelliNews ; the Central Bank of Iran (CBI) announced this month that it is in ongoing talks with foreign card companies to reconnect Iran’s payment systems to international networks. The bank’s governor, Valiollah Seif said to Iran Bank and Economy News Agency, that “the CBI is building the necessary […]
Three Russian companies have signed contracts for oil field development with the National Iranian Oil Company, a senior NIOC manager told media. Reported by HPMM Group according to TEHRAN TIMES ; Gholam-Reza Manouchehri, deputy managing director of NIOC, said the companies were Lukoil, Tatneft, and Zarubezhneft. The contracts are the latest demonstration of the ever-closer […]
Reported by HPMM Group according to TEHRAN TIMES ; TEHRAN – Iran’s inflation rate for the 12-month period ended in the last day of the eight Iranian calendar month of Aban (November 20) hit 7.5 percent, the Statistical Center of Iran reported. The figure shows a 0.4 percent drop compared to the 12-month period ended […]
BP has created a new executive committee to explore business in Iran which will exclude its American chief executive Bob Dudley in a bid to avoid potential violations of U.S. sanctions still in place. Reported by HPMM Group according to TEHRAN TIMES ; the new committee is headed by BP’s chief financial officer Brian Gilvary, […]