Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Adelegation from the Associated Chambers of Commerce and Industry of India is scheduled to visit Iran on October 28 and take part in a joint forum to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture’s headquarters in Tehran. The visiting delegation will comprise […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran and Italy have held extensive negotiations since the nuclear accord was implemented in 2016 for the European nation to extend a major credit line to Iran and it seems that the wait may finally be over, Iran’s economy minister said. In a meeting with his […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The World Bank, in its latest “Iran’s Economic Outlook” report, sees stronger growth in 2018-19 as investment growth turns positive and accelerates along with more political and economic stability, following the reelection of President Hassan Rouhani for a second four-year term in May 2017. The report […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Three Iranian private banks, namely Saman Bank, Parsian Bank and Bank Pasargad, plan to open branches in India, of which Pasargad’s request is in the final stage of approval, India’s ambassador to Iran announced. According to Saurabh Kumar, Pasargad’s branch will open in Mumbai—India’s largest city […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iranian Economy Minister, Masoud Karbasian along with the Governor of the Central Bank of Iran Valiollah Seif left Iran on Wednesday to take part in the autumn meetings of the International Monetary Fund and the World Bank in the US. CBI’s deputy governors, Peyman Ghorbani and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran and Italy have signed an agreement based on which Italian professors will teach the science of rail transportation to Iranian students. The agreement was signed by the Italian Railways Group, Islamic Republic of Iran Railways and the Iranian University of Science and Technology, IRIR’s Public […]

As crude production is reaching the pre-sanctions level, there is not much room left to see growth in this sector Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The International Monetary Fund in its latest World Economic Outlook report has projected that Iran’s real GDP will expand by 3.5% and 3.8% in 2017 and […]

The Gini index stood still at 0.39 last year, recording no year-on-year change while the economy grew by 8.3% With the Gini index having stayed put, this could not have occurred unless the lower strata’s share of income had dwindled, so the only way to explain this is to consider income shifting from the lower […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Shortly after Iran and Turkey signed a draft of currency swap agreement, Governor of the Central Bank of Iran Valiollah Seif hailed the fact that the country has managed to reverse its banking stature as a result of the nuclear accord. “After the Joint Comprehensive Plan […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Azimut Group signed an agreement on Monday to acquire a 20% stake in Mofid Entekhab, an asset management company in Iran. Mofid Entekhab is a subsidiary of Mofid Group, the largest brokerage firm and financial advisory in the country, the joint press release of the two […]