PBC Okays Iranians Buying Stake in Chinese Banks

PBC Okays Iranians Buying Stake in Chinese Banks

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      The People’s Bank of China, the central bank of the East Asian nation, has reportedly given the green light to Iranian private sector investors interested in purchasing the shares of Chinese banks. Iranians’ offer to buy shares in Chinese banks was first floated years ago, at […]

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OECD Predictably Upgrades Iran Risk Rating to 5

OECD Predictably Upgrades Iran Risk Rating to 5

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      The Organization for Economic Cooperation and Development (OECD) has unsurprisingly upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE) from 6 to 5. The long-awaited upgrade was announced following the organization’s last meeting on Friday. The last […]

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Tehran, Baku to Sign INSTC Project Financing Deal in Feb

Tehran, Baku to Sign INSTC Project Financing Deal in Feb

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran and Azerbaijan will sign an agreement on the financing of Rasht-Astara Railroad project next month. Announcing the above, Nurollah Beiranvand, the deputy head of the Islamic Republic of Iran Railways, also told Azerbaijan Press Agency’s Tehran bureau that the agreement will cover midterm planning. “Azerbaijan […]

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Iran to Join UN Convention Against Organized Crime

Iran to Join UN Convention Against Organized Crime

Members of Iranian Parliament have passed a bill to join the United Nations Convention Against Transnational Organized Crime President Hassan Rouhani’s representative supported the UN convention bill, calling it “one of the unavoidable necessities of the country at present” Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Iranian Parliament on Wednesday passed a […]

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Iran Ranked 27th Among 74 Emerging Economies

Iran Ranked 27th Among 74 Emerging Economies

Iran’s labor productivity, poverty rate, median income and dependency ratio were among the top 20% emerging countries Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran came in 27th in World Economic Forum’s latest ranking of 74 emerging economies based on the Inclusive Development Index. The index shows a 0.92% decline based on percentage […]

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Iran-Belarus Agro Trade Up 58%

Iran-Belarus Agro Trade Up 58%

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran and Belarus traded $14.5 million worth of agricultural products during the 10 months to Oct. 31, 2017, to register a 58% increase compared with last year’s corresponding period. This was announced by Belarusian Deputy Minister of Agriculture and Director of the Veterinary and Food Control […]

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Rouhani: Forex Reserves Sufficient to Stabilize Market

Rouhani: Forex Reserves Sufficient to Stabilize Market

The president stressed that it is not in the interest of the government to let the foreign exchange rate surge to fund its expenditures Another part of Rouhani’s comments concerned the row over unlicensed financial and credit institutions that had bothered the country’s financial system Reported by HPMM Group according to FINANCIAL TRIBUNE ;     President […]

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Armenia Calls on Iran, EEU to Use Meghri FEZ

Armenia Calls on Iran, EEU to Use Meghri FEZ

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Armenian Prime Minister Karen Karapetyan has called on Eurasian Economic Union member states to take advantage of preferential terms in Meghri Free Economic Zone and export goods to Iran. Karapetyan also called on Iran to export its products to EEU via the FEZ. The free economic […]

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Banking Future, Fintechs Take Center Stage

Banking Future, Fintechs Take Center Stage

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The second and final day of the biggest electronic banking event in Iran featured several international keynote speakers, included several side events and workshops, on Tuesday. While the opening day of the Seventh Conference on Electronic Banking and Payment Systems organized by the Monetary and Banking […]

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Largest Banking Event Promises Bigger Role to Digital Economy

Largest Banking Event Promises Bigger Role to Digital Economy

The Telecoms Ministry has drafted the strategic blueprint of digital economy in collaboration with the ministries of economy and industries, as well as the central bank, which will be submitted to the parliament in a month Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran’s iconic Milad Tower on Monday hosted one of the […]

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