Although businesses may not agree with the way the exchange rates are being unified, they do welcome the fact that it has finally happened Reported by HPMM Group according to FINANCIAL TRIBUNE ;     First Vice President Es’haq Jahangiri said on Sunday the government intends to establish a “new foreign exchange system” that will be in […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran Stock Exchange’s main index lost 299.44 points or 0.31% on Sunday compared to the day before to end trade at 95,987.6. About 503 million shares valued at $22.55 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 ;     Namibia said it is interested in working with Iran in the fields of agribusiness and agricultural production. Namibia’s Deputy Prime Minister and Minister of International Relations Netumbo Nandi-Ndaitwah highlighted this on Thursday in a statement on the occasion of Iran’s Foreign Minister Mohammad Javad Zarif’s visit […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Islamic Republic of Iran Customs Administration’s latest report shows China remains Iran’s top trading partner. Iran’s non-oil trade with the East Asian country totaled $22.28 billion in the last Iranian year (ended March 20), indicating an increase of 16.82% compared to the year before, IRICA reported. […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran’s Minister for Roads and Urban Development Abbas Akhoundi expressed interest in exploring avenues available under the China-Pakistan Economic Corridor. The minister is leading a high-level delegation that visited Karachi Port Trust on Friday, the Pakistani newspaper Dawn reported. Akhoundi also showed interest in transshipment cargo […]

TSE’s main index TEDPIX lost 864 points or 0.9% during the trading week that ended April 11 to close at 96,287, as Iran Fara Bourse’s benchmark index IFX dropped 42.6 points or 3.8% to 1,064.1 Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Holidays were truly over for Tehran’s stock market, as the last […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market. According to measures decided at the Cabinet meeting late Wednesday, all purchase orders (for imports ), including those at […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Lack of banking ties is a major issue concerning Iran’s relations with Sweden as it is with most other countries. According to a senior member of Tehran Chamber of Commerce, Industries, Mines and Agriculture, not much progress has been made in easing banking ties with Iranian […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     International Monetary Fund Chief Christine Lagarde on Wednesday issued a stern warning to governments to avoid undermining global growth with protectionist trade policies. In a less than thinly-veiled warning to US President Donald Trump, who has locked horns with China on trade, the head of the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index lost 460.95 points or 0.48% on Wednesday compared to the day before to end trade at 96,287.1. About 958 million shares valued at $49.36 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]