After previous announcements by the Central Bank of Iran that ratings of banks will not be publicly disclosed, the economy minister has now said people will be made privy to the ratings Banks will be rated in terms of their performance, volume of capital and other indicators and standards Reported by HPMM Group according to […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index lost 572.99 points or 0.58% to end Saturday trade at 97,388.7. About 2.41 billion shares valued at $125.54 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Insurance […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran is working to fulfill the longstanding pledge of unifying the dual foreign exchange rates, despite recent volatility that unsettled the currency market. Valiollah Seif, the CBI chief, was also quoted as saying by ICANA, the news agency affiliated with the Iranian […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s high-ranking political and economic delegation, headed by Foreign Minister Mohammad Javad Zarif, completed the last leg of its East Europe tour on Saturday after focusing on resolving banking issues hampering bilateral relations. The delegation, also including businessmen and entrepreneurs from the private and public sectors […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; In recent years, the financial industry has seen fast-growing adoption of financial technology, or fintech. Considerable investment flows are expected to be placed into the sector, which has stimulated expectations for high returns in Iran. There are some estimations that a significant portion of bank revenues, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The 14th Exclusive Exhibition of Iranian Goods and Services opened in Turkmenistan’s capital Ashgabat on Thursday in the presence of Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari. Over 60 companies in the fields of construction, oil & gas, petrochemicals, technical and engineering services, food, […]
The new guidelines aim at smoothing out differences among the roughly 120 large eurozone banks it supervises Reported by HPMM Group according to FINANCIAL TRIBUNE ; The European Central Bank published new guidelines on Friday defining how eurozone banks should calculate how much capital and cash they must hold for their own safety. The new […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a “complicated” US tax overhaul, including a near-term growth bump that risks overheating the US economy and a problematic rise in debt. Lagarde told Reuters in an interview on Thursday that […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Data from the Central Insurance of Iran indicate that the country’s insurance industry has been boosting its profits and reducing its loss ratio for the past 10 years when it comes to covering ships and marine transportation. Insurers earned less than 100 billion rials ($2.23 million) […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; When there’s not much to look forward to in the equity market, investors get spooked by the slightest hint of negative news and shuttle their money to other markets. The Central Bank of Iran’s recent decision to issue certificates of deposit at 20% rates blocked the […]
