Reported by HPMM Group according to FINANCIAL TRIBUNE ; Banks need to work closely with financial technology firms, which would foster job growth, the head of the Association of Public-Sector Banks and CEO of Bank Melli Iran said. Mohammad Reza Hosseinzadeh added that since the activities of fintechs lead to new and specialized businesses, the […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Director General of Kish Free Zone Organization Ebrahim Ansari Lari reviewed economic and banking cooperation with Omani officials. In his two-day visit to Oman, Lari held meetings with Iran’s envoy to Muscat, officials of National Bank of Oman, Muscat Bank, Bank Dhofar and Alizz Islamic Bank, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; In line with the government’s measures for boosting transparency and fighting corruption, Minister of Economic Affairs and Finance Masoud Karbasian has obligated all the ministry’s agencies –including the eight state banks–to present quarterly reports. In a directive expected to be implemented immediately, Karbasian has called on […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s trade with France stood at $3.18 billion during Jan.-Oct., 2017, registering a staggering rise of 112% compared with last year’s corresponding period According to Tasnim News Agency, citing Eurostat data, Iran exported $2.009 billion worth of commodities to the European country during the 10 months, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; With the completion of Negin Island Port in Bushehr Province by the end of the current Iranian year (March 20), the container loading and unloading capacity for Bushehr Port will increase to 600,000 TEUs. This is twice its current capacity, making it the country’s second biggest […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Close to two years after the Joint Comprehensive Plan of Action was signed, the Iranian banking system has regained the lost ground and established 808 correspondent banking relations with 286 foreign banks. That is while more than a decade ago and before the unilateral sanctions hit […]
As the banking woes of Iranians in China expand, businesses are now seeking the foreign minister’s assistance in resolving their issues According to several sources, the new restrictions are merely aimed at tightening the previous anti-money laundering rules that led to the closure of Iranian nationals’ bank accounts Reported by HPMM Group according to FINANCIAL […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Association of Private Banks and Credit Institutions has reached an agreement with its sister club of state-owned lenders to direct the bulk of their credits toward the revitalization of distressed urban and rural areas, the secretary-general of the association said. The agreement was reached in […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Thomas Gehbauer is a head of project coordination for German medical equipment supplier Blue Ocean Force Millennium. He has been doing business in Iran for many years, likes and respects the country and its people. But as in many countries, “corruption, bureaucracy and slow procedures” are […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; China Civil Engineering Construction Corp announced on Tuesday it signed a rail contract worth 3.53 billion yuan ($543.6 million) with Iran. CCECC is a subsidiary of state-owned China Railway Construction Corp, a major construction group with business in more than 60 countries and regions, its website […]
