Banks have recovered 203 trillion rials ($6.3 billion) of their non-performing loans during the past three years,” said Gholamreza Malekshoar, head of Central Bank of Iran’s Office for Banking Information.  The “achievement” was possible thanks to the collaboration between the judiciary and financial authorities. Reported by HPMM Group according to Financial Tribune; Non-performing loans in […]

Why Iran Deal Will Survive Trump Presidency Trump’s triumph is sending shockwaves through the foreign policy community, particularly among supporters of the Iran nuclear deal. Reuters has already reported that Trump’s election puts the Iran Deal “on shaky ground”. Reported by HPMM Group according to Financial Tribune; Daryl Kimball, director of the Arms Control Association, […]

US President Barack Obama said on Monday he expects that his successor will likely reconsider campaign vows to undo some of Obama’s signature international accomplishments, including the Iran nuclear deal, when he takes office in January. Reported by HPMM Group according to Financial Tribune ; he made the remark at a White House news conference […]

Reported by HPMM Group according to Financial Tribune; Italian oil and gas servicing companies, Saipem and Tecnimont, are planning to build a 120,000-barrel per day gas condensate refinery in Fars Province, the managing director of Ghadir Investment Company said. “Tecnimont and Saipem have signed a preliminary agreement to build Pars Refinery. The deal is due […]

Iran says it plans to sell a certain volume of the shares of its key oil shipping company which is considered to have the world’s largest fleet of supertankers.  Reported by HPMM Group according to Press TV;  Sirous Kian-Ersi, the managing director of the National Iranian Tanker Company (NITC), was quoted by the media as […]

Iran became the top crude exporter to France in September, for the first time since it began exports there after the removal of international sanctions in January. Reported by HPMM Group according to Financial Tribune; it surpassed Saudi Arabian and Iraqi cargos, which both posted recent lows for market share, Argus Media reported. Iranian oil […]

Reported by HPMM Group according to Press TV; Iran says it will soon start talks with two German companies to open a major credit line of €۱۲ billion for the development of some of its petrochemical projects.  Hossein Alimorad, the director for investment affairs of the country’s National Petrochemical Company (NPC), was quoted by the […]

Reported by HPMM Group according to Financial Tribune; As much as it sounds flashy, it is real. Germany is willing to connect with Iran in achieving the marriage of technology and industry, otherwise known as “Industry 4.0” or the fourth industrial revolution. “The philosophy of economic development for the future is digitalization of industry—the marriage […]

Reported by HPMM Group according to Financial Tribune :The European Council released a statement at the end of its meeting on Iran on Monday, in which it reiterated its commitment to helping facilitate the full implementation of the Iran nuclear deal and supporting the development of bilateral ties. The landmark agreement was reached last year […]

Reported by HPMM Group according to Financial Tribune; following the imposition of financial sanctions in 2012 by the US for its nuclear program, it was almost impossible for the west to do any business with Iran. Those sanctions were lifted earlier this year after France, Germany, UK, Russia and US had earlier reached an agreement with […]