Banks to Present IFRS-Based Balance Sheets by June

Banks to Present IFRS-Based Balance Sheets by June

Reported by HPMM Group according to FINANCIAL TRIBUNE ; All Iranian banks officially listed in the capital market will devise and present their balance sheets as per the International Financial Reporting Standards, according to the CEO of the state-run Export Development Bank of Iran. “Because the required infrastructures are in place, it is predicted that […]

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Iran Launches Online Forex System

Iran Launches Online Forex System

Reported by HPMM Group according to FINANCIAL TRIBUNE ; First Vice President Es’haq Jahangiri on Monday officially inaugurated the Forex Deals Integrated System, an online system designed to address the country’s currency needs and boost transparency. “This system is a new opportunity for importers to be able to get their required foreign currency easily and […]

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WB Says Will Help Nations Boost Shared Prosperity

WB Says Will Help Nations Boost Shared Prosperity

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is uniquely placed to address global challenges and […]

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Support Women’s Employment to Boost Long-Term Growth

Support Women’s Employment to Boost Long-Term Growth

Iran’s highly educated women represent an untapped source of growth and productivity Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Iran has made tremendous strides in eliminating gender gaps in education and health indicators. For about a decade now, there has been virtually no gap between male and female enrollment in primary and secondary […]

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TSE Benchmark Sheds 771 Points in Sunday Trade

TSE Benchmark Sheds 771 Points in Sunday Trade

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Tehran Stock Exchange’s main index lost 771.53 points or 0.81% on Sunday compared to the day before to end trade at 94,494.3. About 552 million shares valued at $29.35 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]

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Maskan Loans to Support Middle-Income Iranians

Maskan Loans to Support Middle-Income Iranians

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    As Iran’s beleaguered housing sector continues to show signs of boom after five years of stagnancy and a majority of pundits predict a rise in home prices, Bank Maskan, the nation’s agent bank for the sector, has vowed support for middle-income Iranians who represent the bulk […]

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Rating Agencies Can Help Iranian Firms Tap Into Global Markets

Rating Agencies Can Help Iranian Firms Tap Into Global Markets

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Having entered a new era after the lifting of most sanctions in early 2016, Iran has aptly understood the importance of making endeavors for modernizing its financial and corporate sectors. One such endeavor, the lack of which has been recognized by regulators and the private sector […]

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TSE Benchmark Down 0.27% in Saturday Trade

TSE Benchmark Down 0.27% in Saturday Trade

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      Tehran Stock Exchange’s main index lost 257.93 points or 0.27% on Saturday compared to the day before to end trade at 95,265.9. About 552 million shares valued at $35.22 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]

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Online Forex System to Help Promote Transparency

Online Forex System to Help Promote Transparency

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Governor of the Central Bank of Iran has provided further details about the new Forex Deals Integrated System, noting that it will reposition banks as the main market player, promote transparency and provide the needs of people. According to Valiollah Seif, who was speaking on Saturday […]

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Iran to Help Develop Iraqi Military Industry

Iran to Help Develop Iraqi Military Industry

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      Iraqi Acting Minister of Industry and Minerals Mohammad Shia al-Sudani and Iranian Defense Minister Amir Hatami signed a cooperation agreement on military industrialization in the Iraqi capital Baghdad. The National Iraqi News Agency also reported on Thursday that the agreement is in the field of technology […]

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