Reported by HPMM Group according to FINANCIAL TRIBUNE ; Top officials from the Central Bank of Iran and Turkey along with senior bankers met in Tehran on Sunday to discuss new ways of developing banking relations between the two neighboring states. Leading the talks were Ahmad Araqchi, CBI’s deputy for foreign exchange affairs, and Murat […]
The Canadian planemaker has obtained the license for sales of 10 aircraft from the US Treasury’s Office for Foreign Assets Control and is ready to finance 80% of the order Deliveries are expected to begin ten months after the deal is unveiled Reported by HPMM Group according to FINANCIAL TRIBUNE ; Canadian planemaker Bombardier has […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran Insurance Company, the biggest state-owned insurer that will soon become the only government-run insurer after shares of other companies are sold, is to establish a first-of-its-kind specialized life insurance complex. “In line with the emphasis of the Central Insurance of Iran and the High Council […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; In light of the significant surge in the number of electronic transactions, the ratio of cash and coins to liquidity in Iran has declined by 3.5% in the past four years, announced the CEO of Shaparak Company–the entity in charge of Iran’s payment network. “Despite all […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Benchmarks can provide a valuable share when they are used appropriately in markets. For instance, a benchmark may be useful to manage financial risks efficiently as a hedging tool for other risky investments. Financial system’s core functions of valuation, capital allocation and risk are mostly aligned […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The latest report released by the Statistical Center of Iran on Saturday shows residential construction permits issued this summer have increased both in Tehran and across the country. The data, which reflect the construction market’s status at the national level rather than just the capital Tehran, […]
The Middle East Bank will only use the credit line of the deal to fund the private sector, and the Bank of Industry and Mine will handle the allocation of credit lines to government and public sector entities Reported by HPMM Group according to FINANCIAL TRIBUNE ; Aboard member of Middle East Bank, which alongside […]
A part of the agreement pertains to a memorandum of understanding worth $600 million for Iran to purchase locomotives and freight cars from India Two other projects embedded in the $2 billion deal signed on Friday include the development of Chabahar-Zahedan Railroad worth $1 billion and rail supply for Iranian projects Reported by HPMM Group […]
The accord foresees the opening of lines of credit with two Iranian banks by Invitalia, an Italian state-owned holding, to finance investment projects by Italian companies Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran and Italy will on Thursday sign a framework credit agreement worth €۵ billion whereby Rome will help Italian companies […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Belarus’s state-owned ZAO Meat-Dairy Company and the Iranian company IMEX have signed a cooperation agreement to promote Belarusian agricultural products in the Iranian market, BelTA learned from the head of the main department for foreign economic affairs at the Belarusian Agriculture and Food Ministry. “The negotiations […]
