Reported by HPMM Group according to FINANCIAL TRIBUNE ;     As per the directive recently implemented in the banking system, natural persons are only allowed to open a total of six accounts with each bank while none of the accounts can be of the same kind, the head of the Banking Research and Regulations Department at […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The customs bodies of Azerbaijan and Iran will prepare a plan in the framework of cooperation to combat customs offenses, the State Customs Committee of Azerbaijan said. Representatives of the customs authorities of the two countries held a meeting in Azerbaijan on Saturday, where they discussed […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Managing Director of the Islamic Republic of Iran Shipping Lines Mohammad Saeedi said on Saturday the first of 10 new ships ordered by his company from Hyundai Heavy Industries will be delivered in March 2018. “As of then, the South Korean company’s delivery will average one […]

After coordination is made with the Supreme National Security Council and its decisions are taken into account, the report will be read to the lawmakers in an open session Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Majlis Economic Commission will present its report on Iran’s status vis-à-vis the Financial Action Task Force […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Bank Mellat is to launch a comprehensive project with the aim of boosting digital banking across all its services, its chief executive said. “In addition to enabling the possibility of offering distinctive bank services and increasing the facility, security and speed of offering these services to […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Although some called for allowing moneychangers to deal in virtual currencies, especially the ubiquitous Bitcoin, all Iranian bureaux de changes are currently prohibited from engaging in deals involving cryptocurrencies. “Foreign exchange transactions are not handled electronically and online in any Iranian exchange shops, because the related […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     An agreement was signed between Iran and the Czech Republic on Monday to support mutual investment. It was signed by the head of the Organization for Investment, Economic and Technical Assistance of Iran, Mohammad Khazaei, and Czech Republic Ambassador to Iran Svatopluk Cumba, IRNA reported. After […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     China signed a contract with Iran on Monday to extend $2 billion in finance for the construction of five hospitals in the Islamic Republic. The finance will be provided by the Exim Bank of China and China Development Bank. The agreement was signed in the presence […]

Iran is urged to advance financial sector reforms that also see the government take additional fiscal measures to reduce debt, unify the exchange rate and transition to a market-based monetary policy framework Reducing legal and social barriers and pay gaps; subsidizing child care to low-income women; and tackling informality would create job opportunities for women […]