Tehran Among World’s Least Expensive Cities

Tehran Among World’s Least Expensive Cities

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran is among the least expensive cities in the world to live in, according to the latest findings of the Worldwide Cost of Living Survey 2018 by The Economist Intelligence Unit. The survey, which compares the price of over 150 items in 133 cities, found the […]

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Iran, Oman Eye Joint Bank Card Switch

Iran, Oman Eye Joint Bank Card Switch

High-level officials of Iran and Oman have welcomed the prospects of boosting banking cooperation during their latest meeting in Tehran Iran is ready to connect the bank card switches of the two countries and prepare the grounds for offering services to the tourists of both countries Reported by HPMM Group according to FINANCIAL TRIBUNE ;    […]

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Iranian Banking Sector Awaits Full JCPOA Benefits

Iranian Banking Sector Awaits Full JCPOA Benefits

We received many benefits from JCPOA, but we did not receive the full benefits. Just as we are completely committed to JCPOA, we also expect to receive its benefits in the full Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the […]

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Forex Deposit Rules Updated

Forex Deposit Rules Updated

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The latest update of regulations concerning foreign currency deposits in banks has been released by the Central Bank of Iran, according to which banks are required to return the original amount of the deposit plus its interest in hard currency to the customer upon demand. The […]

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Indian Cabinet Clears Tax Treaty With Iran

Indian Cabinet Clears Tax Treaty With Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Indian Cabinet on Wednesday cleared a double taxation avoidance agreement between India and Iran, which will promote investment flow and curb tax evasion. The agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income between India […]

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New Trade Corridors to Connect Asia, Europe

New Trade Corridors to Connect Asia, Europe

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The foreign ministers of Turkey, Azerbaijan, Georgia and Iran signed an agreement on projects to create a transportation and transit corridor between the Indian Ocean and Europe in Baku on March 15. “We have agreed to form a new transportation corridor from the South toward the […]

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High Number of Bank Branches in the Spotlight Once Again

High Number of Bank Branches in the Spotlight Once Again

An alternative notion emerged when the chief executive of banks–both private and public–gathered for their yearend shindig this week, the main theme of which was the number of banks’ physical branches The momentum to reduce the number of banks gained more traction after the collapse of several major institutions froze the savings of hundreds of […]

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Bank Melli Reviving Ties With French Bank

Bank Melli Reviving Ties With French Bank

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     High-level executives with Bank Melli Iran and France’s Banque Delubac met on Wednesday in Tehran to discuss a potential restoration of relations that were cut off after Iran was slapped with financial sanctions. Barat Karimi, a board member of Iran’s biggest bank BMI, conferred with Denis […]

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Iranian Banks Allowed to Guarantee Investments in Oman

Iranian Banks Allowed to Guarantee Investments in Oman

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Central Bank of Iran has allowed lenders to issue guarantees for Iranian businesses planning to invest in Oman or those who seek to take out loans from Omani banks, the head of Iran-Oman Chamber of Commerce announced. “Iranian investors were not able to put their […]

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All-Out Growth in Iran Interbank Market

All-Out Growth in Iran Interbank Market

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Central Bank of Iran has released its latest data on the country’s interbank market, indicating that it has registered growth both in terms of the number and value of deals. According to the report published on its official website, 34,859 deals were made between banks […]

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