Non-oil trade between Iran and China amounted to $19.7 billion during the 11 months to Feb. 19, marking a $3 billion (18%) growth compared with last year’s $16.8 billion Reported by HPMM Group according to FINANCIAL TRIBUNE ;     From bilateral trade to finance contracts and civil projects, China arguably has the strongest presence in Iran […]

Although CBI had resorted to mergers and acquisitions in the past to bail out the victims of some bankrupt illegal credit institutions, Monday’s announcement is the first major regulatory decision for warding off another crisis Heydari tried to dispel rumors about the worrying situation of the whole banking system, saying that the problems of shadow […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The notion of Citizenship Rights Charter has been reiterated by President Hassan Rouhani in the past two years. It lists and explains 22 categories of the most rudimentary, while critical, rights of every Iranian citizen. The initial version was drafted in 2013 but it took until […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran Stock Exchange’s main index gained 165.87 points or 0.17% to end Monday trade at 96,194.3. About 1.05 billion shares valued at $58.87 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Behshahr […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran’s national currency. According to Tehran Gold and Jewelry Union, the US dollar suddenly gained as much as 7.5% or […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     After it was confirmed during President Hassan Rouhani’s recent trip to India that Iran’s Bank Pasargad, one of three banks seeking to open branches there, has finally received the green light, the bank has now said it is targeting multiple branches. “Bank Pasargad is considering the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran is hosting an Indian exhibition called ‘Source India’ that opened at Milad Tower on Saturday and will conclude on Monday. “This is perhaps one of the largest business events happening after the very successful state visit of the President of Islamic Republic of Iran, His […]

As other markets, particularly the US, become more expensive, investors will increasingly consider global opportunities, particularly in EMs, given the structural positive growth prospects and benign fundamentals Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Emerging markets had a very strong start this year. Its assets were supported by the ongoing recovery in the […]

According to Mustafayev, trade between Azerbaijan and Iran increased by 30% in 2017 Iran and Azerbaijan are working to connect their respective railroads as part of the International North-South Transport Corridor project Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Adelegation headed by Azerbaijan’s Minister of Economy Shahin Mustafayev will pay a visit to […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday. The project is worth more than €۷۸۲٫۶۶ million and will be financed by the Chinese side, according […]