Monetary, Capital Markets Strive for Transparency

Monetary, Capital Markets Strive for Transparency

The CBI chief has called for a resolution to the conflict of interest between accounting and auditing by devising robust accounting rules, regulating the works of auditors and auditing the public sector Reported by HPMM Group according to FINANCIAL TRIBUNE ;    As the 50th anniversary of Iran’s capital market was being celebrated with much fanfare […]

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A Prelude to Corporate Transparency

A Prelude to Corporate Transparency

As of January 6 the Securities and Exchange Organization has abolished earning per share forecasts with the aim of pushing investors toward becoming more analysis-oriented using descriptive corporate reports Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Following the recent abolition of earning per share forecasts, publicly traded companies have been publishing their descriptive […]

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Banking Industry Welcomes CBI Transaction Encryption Initiative

Banking Industry Welcomes CBI Transaction Encryption Initiative

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Two days after the Central Bank of Iran published a directive that makes end-to-end encryption mandatory for card not present transactions, banking industry players have apparently welcomed it as a positive move. On Friday, the regulator notified the banking system that starting from Feb. 4, transactions […]

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New DRI Plant Comes on Stream in Fars Province

New DRI Plant Comes on Stream in Fars Province

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The direct-reduced iron plant of Neyriz Ghadir Steel Company was inaugurated on Saturday in a ceremony attended by First Vice President Es’haq Jahangiri, Industries Minister Mohammad Shariatmadari and the head of Iranian Mines and Mining Industries Development and Renovation Organization, Mehdi Karbasian. Located in Fars Province, […]

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Upgraded Risk Rating to Boost Iran’s Int’l Standing

Upgraded Risk Rating to Boost Iran’s Int’l Standing

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Central Bank of Iran has welcomed the country’s risk rating improvement from 6 to 5 by the Organization for Economic Cooperation and Development, regarding it as another promising signal of the country’s enhancing financial and credit status in international markets. In a statement published on […]

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Iran Accelerating Reforms Ahead of FATF Deadline

Iran Accelerating Reforms Ahead of FATF Deadline

The twin bills are currently being debated in the Majlis Legal and Judicial Commission while another bill on Iran’s accession to the International Convention for the Suppression of the Financing of Terrorism is being debated at the powerful Supreme Nation Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Determined to permanently exit the blacklist […]

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ATR Hopeful About Continuing Iranian Business

ATR Hopeful About Continuing Iranian Business

]Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Regional turboprop manufacturer ATR is hopeful that worsening relations between the US administration and Iran will not hinder its business ties with Tehran. ATR delivered eight aircraft to Iran Air in 2017 and plans to deliver a further 12 by the end of this year, as […]

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Tehran-North Freeway MoU With China

Tehran-North Freeway MoU With China

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran’s Islamic Revolution Mostazafan Foundation and China Railway Academy Company signed a memorandum of understanding in Beijing on Thursday regarding the financing and construction management of Section 3 of Tehran-North Freeway. As per the MoU, the two sides will survey different aspects and details of the […]

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Legal Pushback Against US Could Safeguard EU Interests in Iran

Legal Pushback Against US Could Safeguard EU Interests in Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Europeans spent much of last year trying to convince US President Donald Trump to do no harm to the nuclear deal Iran signed with world powers in 2015, also known as Joint Comprehensive Plan of Action. Trump’s policy toward Iran is clearly at odds with European […]

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Tejarat Crowdfunding to Finance Oil Projects

Tejarat Crowdfunding to Finance Oil Projects

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      Tejarat Bank, the Oil Ministry and the National Iranian Oil Company have reached an agreement on devising a new method of finance for oil projects related to crowdfunding. The news was announced early Wednesday in a meeting attended by officials of the bank and NIOC. Tejarat […]

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