Reported by HPMM Group according to FINANCIAL TRIBUNE ; Adelegation from the International Monetary Fund met with officials from the National Development Fund of Iran on Saturday. During the meeting convened at the IMF team’s request, NDFI’s board member and deputy head of Foreign Investments Department explained all structural and operational dimensions of NDFI along […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; An Iranian delegation attended the 11th World Trade Organization meeting this week in Buenos Aires, Argentina, as observer member. The delegation comprised of representatives from the parliament, Foreign Ministry and Ministry of Industries, Mining and Trade, IRNA reported. The meeting kicked off on Sunday and will […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; As per the budget bill of the coming fiscal year (March 2018-19), the government will allocate 180 trillion rials ($4.28 billion) out of the Subsidy Reform Plan’s resources for production sector and creation of 634,000 jobs, deputy minister of industries Reza Rahmani said. “The current year’s […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; As much as 1,000 trillion rials ($23.8 billion) had been projected as tax revenues in the current fiscal budget (March 2017-18), more than 85% of which (around $19 billion) were realized in the eight months to Nov. 21, the chairman of Iranian National Tax Administration said. […]
Tehran Chamber of Commerce, which was formally recognized by the International Chamber of Commerce as the main entity for devising corruption-free codes of conduct for private businesses, held its third annual anti-corruption event on Monday Reported by HPMM Group according to FINANCIAL TRIBUNE ; Ahead of the publication of the Global Corruption Report by Transparency […]
The total amount of general revenues in the budget bill stand at 4.24 quadrillion rials, 6.5% more compared to the budget law for the current year and 14.5% larger than the budget bill submitted to the parliament last year The central feature of the upcoming year’s spending bill is that the number of subsidy receivers […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iranian steelmakers and iron ore companies are actively working on the expansion of iron ore processing and direct reduced iron/hot-briquetted iron capacities to fulfill the government’s plan for a massive expansion of steel production to 55 million tons per year. This is being done despite investments […]
BMI, Iran’s biggest bank by assets, predictably attracts the main bulk of the incomes and expenses at 316.8 trillion rials ($7.53 billion) and 316.3 trillion rials ($7.518 billion) respectively Ministry of Cooperatives, Labor and Social Welfare and the Ministry of Communications and Information Technology, respectively in charge of Cooperatives Development Bank and Post Bank, have […]
Italy tops the list of Iran’s biggest export destinations in the EU, as it imported €۲٫۲ billion worth of Iranian commodities during Jan.-Sept Germany was the biggest European exporter to Iran during the period, shipping €۲٫۱۲ billion worth of goods Reported by HPMM Group according to FINANCIAL TRIBUNE ; The latest Eurostat data shared with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iranian Reinsurance Company (IranianRe), affiliated to Bank Pasargad, has linked up with a number of major international reinsurance companies for establishing relations and receiving reinsurance coverage. C-level executives with the reinsurer have met with their counterparts at SCOR SE, PartnerRe and Nasco Insurance Group, and conducted […]
