Iran’s banks have been allowed to purchase the hard currency held by foreign tourists, transit drivers, foreign diplomatic missions based in Iran and representative offices of foreign banks CBI’s permit is in line with giving banks the main “intermediary role in managing foreign exchange resources” and guiding those resources to those who need them Reported […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Germany is ready to help minimize the impact on its businesses of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear accord, German Economy Minister Peter Altmaier said on Friday. “We are ready to talk to all the companies concerned about what we can […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; US President Donald Trump on Tuesday pulled out from the Iran nuclear deal negotiated under his predecessor, promising to reimpose tough sanctions against Tehran and threatening other countries who may be reluctant to follow his lead. In the past, such sanctions severely hit Iran’s economic relations with global […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The decision of US President Donald Trump’s administration to unilaterally withdraw from the Iran nuclear deal is leading to speculation about how much China will be willing to stick out its neck to fill the gap amid the possible closing off of Iran’s economy to the West. The […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Croatian Minister of Economy Martina Dalic called for closer cooperation to facilitate banking ties with Iran, describing them as critical to the expansion of bilateral trade. “Banking and financial problems pose a major barrier to the promotion of economic relations and we should figure out a solution quickly,” […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Four special committees are pursuing the liquidation of the last remaining illegal credit institutions and their main task is to identify the assets of these entities for auction, a deputy Majlis speaker said. Masoud Pezeshkian also told ICANA, the parliamentary news website, that the four committees include representatives […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; From airplanes to oilfields, billions of dollars are on the line for international corporations, as US President Donald Trump weighs whether to pull America out of Iran’s nuclear deal with world powers. Regardless of where they are headquartered, virtually all multinational corporations do business or banking in the […]
The government, as per its new forex policy, is determined that all exporters bring their forex earnings into the economic network and all importers receive their needs from the same place The government acknowledges that some forex needs have not been envisioned by the new measures, but it has held meetings to identify and address […]
The two projects included a direct-reduced iron plant established by Sabzevar Pars Steel Company and a pellet production plant set up by Khorasan Steel Company Reported by HPMM Group according to FINANCIAL TRIBUNE ; Two iron ore processing plants were inaugurated on Sunday in a ceremony attended by President Hassan Rouhani and Minister of Industries, Mining […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran and the Netherlands signed two memoranda of understanding during the second meeting of the joint agriculture commission that ended in The Hague on Friday. The meeting was held in the third-largest city of the Netherlands on May 2 with senior directors of Iran’s Agriculture Ministry headed by […]
