Reported by HPMM Group according to FINANCIAL TRIBUNE  ; Canada will provide $100 million in finance for a deal between Montreal-based multinational aerospace and transportation company, Bombardier Inc., and Iran’s Qeshm Free Zone Organization for purchasing 10 passenger planes, the FTZ’s chief executive, Hamidreza Momeni, has said. The free zone is planning to launch a […]

Reported by HPMM Group according to FINANCIAL TRIBUNE  ;The Persian Gulf port of Shahid Rajaee in the southern Hormozgan Province handled 670,400 twenty-foot equivalent unit of containers during the first three months of the current Iranian year (March 21-June 21), registering a 39% growth compared with last year’s corresponding period, the head of Hormozgan Ports […]

 Head of a German trade-investment delegation in a visit to the North Khorasan Province announced that a joint company is to be established in Iran in order to boost trade ties. Reported by HPMM Group according to IRNA ; “The company would be a facilitator for following the procedures of trade exchanges between Germany and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      The government of President Hassan Rouhani has delivered a convincing performance in the fight against corruption, yet it will take years to stamp out corruption from Iranian society and economy, an eminent economist said. Hossein Raghfar also told KhabarOnline that Iran’s economy has to pay dearly […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      First Vice President Es’haq Jahangiri has called on the Central Bank of Iran to strictly deal with illegal financial institutions as part of the government’s efforts to crack down on corruption. He urged CBI to clarify the situation of unauthorized credit institutions and their depositors, as […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      The unique conditions of Iranian economy, especially its low amount of foreign debt, help attract foreign investments, a deputy economy minister said. “With $400 billion worth of gross domestic product and $170 billion in foreign transactions, along with foreign debt estimated to be below $10 billion, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      Bank Melli Iran’s Hamburg branch has conducted transactions worth €۱۱ billion ($12.3 billion), noting that the bank’s activities soared after economic sanctions against Iran were lifted in January 2016, said a bank’s official. “Opening letters of credit worth over €۱۰۰ million ($112 million) for Iranian exports […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      Oberbank, one of Austria’s biggest banks, has allocated a €۱ billion ($910 million) line of credit to finance investment projects in Iran, Austria’s finance minister announced in a meeting with his Iranian counterpart in Tehran on Sunday. “Negotiations between the two countries’ central banks have also […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     A total of 21.19 billion transactions were registered in the Iranian interbank information transfer network, or Shetab, in the previous fiscal year that ended in March, according to the Informatics Services Corporation, the main entity overseeing the country’s payment network. Using the Shetab system during the […]