Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Foreign exchange rates increased in Tehran’s market on Wednesday, following the Central Bank of Iran’s latest regulations concerning foreign currency offered at banks to travelers. According to the latest directive by the policymaker published on its official website, banks are allowed to “sell travel currency at […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Governor of the Central Bank of Iran and the speaker of the National Assembly of South Africa met on Monday in Tehran, with both officials calling for expanded ties between Tehran and Pretoria. “Identifying obstacles to economic ties between the two countries and trying to alleviate […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The Industrial Development and Renovation Organization of Iran concluded landmark agreements with French automaker Renault and transportation giant Alstom as well as Russian logistics company Transmashholding in the summer. Under each of these new deals, a foreign multinational corporation has agreed to establish a new joint-venture […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   The twin banking reform bills devised by the government are now being assessed in Majlis Economic Commission and will be ratified in open sessions by December, a member of the commission announced. “The government sent us the bills a few weeks ago and Majlis Economic Commission […]

IPCs have more flexible terms that take into account price fluctuations and investment risks, with up to 70% of operational works in new contracts assigned to domestic companies In contrast to impediments faced by the oil sector, there are no major obstacles to implementing a similar scheme for the mining sector, not even for large-scale […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   President Hassan Rouhani’s Cabinet has allowed the Central Bank of Iran to engage in negotiations and sign the “agreement of the host country” required for the ECO Trade and Development Bank to open a representative office in Iran. The Cabinet made the ruling about the bank, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   As if the recent gold rally was not enough of a surprise, the precious metal continued to gain in strength in Tehran’s market–this time fueled by the Central Bank of Iran’s decision to get tougher on the interest rate cut’s implementation. With deposit rates coming down […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   In another step toward Iran’s gradual revival of banking ties with the international community, the governor of the central bank of Croatia has announced that the European nation’s biggest lender is eager to connect with its Iranian counterparts. “We have initiated negotiations with Croatian banks so […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   The Central Bank of Iran has forecast an economic growth of at least 5% for the current Iranian year that ends on March 20, 2018. “Most of the economic sectors have improved remarkably during the current fiscal year (started March 21), therefore the country will register […]