In the first half of the current Iranian year (March 21-Sept. 22, 2017), billet shipments from the country rose 25% year-on-year to 1.6 million tons Iranian billet price competitiveness in the seaborne market can be attributed to a number of factors, including its natural resources and lower domestic demand for the product Reported by HPMM […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    As part of its roadmap until the end of the second term of President Hassan Rouhani in the fiscal 2021-22, which will coincide with the turn of the Iranian century, Bank Maskan—the agent bank of the housing sector—aims to become a regional development force. As envisioned […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by clearly-stated regulations. “We [at the HCC] welcome Bitcoin, but we must have regulations for Bitcoin and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;  Iran exported 298,204 tons of non-oil commodities worth $143.46 million to Russia during the seven months to Oct. 22, registering a 96.32% and 63.21% growth in volume and value respectively compared with last year’s corresponding period, Islamic Republic of Iran Customs Administration announced. This is while Iran’s […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The research arm of the Iranian Parliament has conducted a thorough study on the dire condition of Social Security Organization–the country’s largest pension fund–and offered short- and long-term roadmaps to steer the entity away from a full-blown crisis. The study conducted by Majlis Research Center notes […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Export Development Bank of Iran–the country’s exim bank–is to integrate its resources with funds from the country’s sovereign wealth fund to allocate them as loans to Iranian exporters, EDBI’s chief executive announced. Ali Salehabadi added that the National Development Fund of Iran has assigned a significant […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    BGF Retail Company, the operator of South Korea’s largest convenience store chain CU, said on Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience store operator. The launch of the store in Tehran came about four months after […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Boosting banking relations with Britain is a top priority of Trade Promotion Organization of Iran, as it will facilitate transactions between the two countries’ companies, the organization’s director of Europe and Americas Department announced. “Iranian banks only have two or three active banking branches in Britain, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Afew days after a 7.3-magnitude earthquake shook the western province of Kermanshah and the regions bordering Iraq, the president of the Central Insurance of Iran renewed his call about the necessity of establishing a natural disasters insurance fund. “It is natural that during the first days […]