Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iranian banks have shrunk by 0.3% in the previous quarter ending March 20 compared with the previous year, fulfilling a long-held target for an industry marked by overcapacity and rapid proliferation across the country. According to a report released by the Central Bank of Iran on […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source has told Metal Bulletin. Located in the southern province of Khuzesta, Oxin Steel is Iran’s biggest producer of […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it would be easier for the country, the head of Monetary and Banking Research […]
About 30% of revenues earned from the increase in energy prices were to go to production and optimization of consumption, 20% to government for the extra expenditures that would come up in carrying out the plan and 50% to the social welfare system, includ The government is unwilling to cut cash subsidies of people, but as […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Ministry of Cooperatives, Labor and Social Welfare’s Center of Statistics has published Iran’s provincial share of GDP for the fiscal 2015-16. Tehran Province, wherein lies the capital city, contributed the most to the economy, both inclusive and exclusive of oil. South Khorasan had the least […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index gained 276.97 points or 0.29% on Tuesday compared to the day before to end trade at 94,576.5. About 578 million shares valued at $32.79 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s National Business Environment Index improved slightly in the fourth quarter of the last fiscal year (Dec. 22, 2017-March 20), according to the results of a study undertaken by Iran Chamber of Commerce, Industries, Mines and Agriculture. The index stood at 5.8 points in the fourth […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The government is assessing the effect of unified exchange rates on the country’s exports and imports to find the best strategy for foreign trade, the head of Trade Promotion Organization of Iran told top exporters. Mojtaba Khosrotaj also referred to the government’s decision to impose an […]
In the budget law of the current Iranian year (started March 21), more than 1,000 billion rials ($23 million) worth of incentives like subsidy on loans’ interest have been considered for exporting industries The capital market has the potential to lighten the overwhelming burden of banks to provide financing by employing huge resources from Iranian […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index lost 194.67 points or 0.21% on Monday compared to the day before to end trade at 94,299.5. About 486 million shares valued at $34.52 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts […]
