Iran National Pavilion Opens in Shanghai Free Trade Zone

Iran National Pavilion Opens in Shanghai Free Trade Zone

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran National Pavilion has been launched in the Shanghai Free Trade Zone for increasing exports of goods and services, and attracting foreign investment. According to Ali Dehqani, Iran’s commercial attaché to Shanghai, the business center offers services both online and in person, IRNA reported. The center […]

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BIS Warns Central Banks on Digital Currency Issuance

BIS Warns Central Banks on Digital Currency Issuance

Japan is the first country to legitimately regulate cryptocurrency, as it passed legislation last year requiring digital currency exchanges be registered and subject themselves to inspection Reported by HPMM Group according to FINANCIAL TRIBUNE ;     While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank […]

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Iran Economic Growth at 4.4%

Iran Economic Growth at 4.4%

Iran’s gross domestic product stood at 5.6 quadrillion rials ($116 billion) in the nine months, including the oil sector, and 4.16 quadrillion rials ($86 billion), excluding it (based on the fiscal 2011-12 prices) Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran’s economy grew by 4.4% in the first three quarters of the current […]

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Tehran, Baku to Sign Railroad Finance Deal

Tehran, Baku to Sign Railroad Finance Deal

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Azerbaijan and Iran are planning to sign a credit agreement in late March for Azerbaijan to finance the construction of Rasht-Astara Railroad, Azerbaijan’s Economy Minister Shahin Mustafayev told reporters in Tehran. The minister noted that the agreement will be signed during the visit of Iranian President […]

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۸۴% of State Accounts Transferred to CBI

۸۴% of State Accounts Transferred to CBI

According to CBI’s website on Wednesday, of the 1,061 entities included in the scheme, 888 of them have opened an account with the monetary regulator The CBI noted that as part of the new measures, not only the salaries of government employees are remunerated through the central bank, but also the account of the Organization […]

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Iran’s International Property Rights Index Improves

Iran’s International Property Rights Index Improves

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran’s International Property Rights Index score increased by 0.28 compared with 2016 to stand at 4.52 (out of 10) for 2017. The country ranked 99th out of 127 countries under study, showing no change compared with the previous year, according to a report released by Property […]

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Pakistan Invited to Join Chabahar Project

Pakistan Invited to Join Chabahar Project

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iranian Foreign Minister Mohammad Javad Zarif on Monday invited Pakistan to participate in Chabahar’s seaport project and development of its link with Gwadar Port, as he sought to allay concerns in Pakistan over Indian involvement in the Iranian port. “We offered to participate in the China-Pakistan […]

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Major Consolidation to Create Stronger Banks

Major Consolidation to Create Stronger Banks

The planned merger and acquisition would be a watershed event in reducing the influence of shadow banks and making the Iranian banking system more efficient Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Anew wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a […]

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TEDPIX Trade Up 0.12%

TEDPIX Trade Up 0.12%

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran Stock Exchange’s main index gained 119.77 points or 0.12% to end Tuesday trade at 96,314.2. About 852 million shares valued at $43.28 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Offset […]

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Iranian Delegates Meet European Regulators in London

Iranian Delegates Meet European Regulators in London

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Delegates from Iranian banks met with representatives of the European Banking Authority this week in Canary Wharf.  The regulators outlined the role and functions of EBA and discussed with delegates the European anti-money laundering framework and the supervisory standards of governance for banks, which are crucial […]

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