The country’s GEI score of 26.8% marks the fifth biggest gain globally compared with last year’s 22.1% Reported by HPMM Group according to FINANCIAL TRIBUNE ; The 2018 edition of Global Entrepreneurship Index, a composite indicator of the health of entrepreneurship ecosystem, has ranked Iran 72nd out of a total list of 137 countries […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The process initiated by Iran, Russia and Turkey in Sochi on Nov. 22 was the beginning of a collaboration that will pave the way for regional economic opportunities and change the future of Eurasia. The indispensable New Silk Road project, the Tehran-Istanbul-Moscow line, in relation to […]
At the behest of Industries Minister Mohammad Shariatmadari, his deputy Hassan Younes Sinaki has recently proposed new formulas for calculating the base price of steel, copper and aluminum at Iran Mercantile Exchange The rationale for the new pricing mechanisms is that steel, copper and aluminum producers’ production costs are largely independent of foreign currency […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran allocated $48 billion in hard currency for imports during the last fiscal year that ended on March 20, 2018, according to its governor, who put it down to new openings in banking ties with other countries. “CBI allocated $48 billion […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s misery index decreased from 41.6 in the fiscal March 2012-13 to 19.3 in 2016-17, indicating a 53% improvement over the years, an official report by the Ministry of Cooperatives, Labor and Social Welfare reads. An increasing index means a worsening economic climate for an economy, […]
The criticism of CBI’s performance grew louder after the sudden jump in forex rates in the early days of the current Iranian year (started March 21) Reported by HPMM Group according to FINANCIAL TRIBUNE ; With the US dollar’s exchange rate remaining above the psychological threshold of 50,000 rials in Tehran’s market, lawmakers frustrated with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index lost 370.63 points or 0.38% to end Saturday trade at 96,779.9. About 646 million shares valued at $27.66 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. VASPARI […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Some government officials and parliamentarians are unequivocal about expanding free trade zones. Last week, Morteza Bank, the secretary of High Council of Free Zones, announced the government plans to, once again, push for a bill on the establishment of eight new FTZs in May. The proposed […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Ahead of the publication of the latest regulatory framework by the Central Bank of Iran for fintechs operating electronic wallets and account management facilities, the regulators’ deputy for innovative technologies has elaborated on the limitations of the fledgling businesses. Nasser Hakimi, who was speaking specifically about […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;At the end of March, Iranian President Hassan Rouhani traveled to Azerbaijan to mark the opening of bilateral segments of the International North-South Transport Corridor. INSTC, which has been lauded by Russian President Vladimir Putin as a “flagship project”, will be a nearly 4,500-mile-long (7,242 kilometers) network, […]
