Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Bank Mellat has obtained the license to reopen its branch in Seoul, South Korea, the bank’s CEO announced. “This was made possible following the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal with world powers) with the assistance of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Foreign minister Mohammad Javad Zarif emphasized the removal of banking issues between Iran and India during his meeting with Indian Foreign Secretary Subrahmanyam Jaishankar on Tuesday. Iran’s top diplomat also pointed to historical ties between the two countries in various sectors, especially energy and trade, hoping […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Export Guarantee Fund of Iran signed an agreement with Finland’s state-owned export credit agency, Finnvera, on the sidelines of the Berne Union Spring Meeting in Copenhagen. The agreement was signed by Kamal Seyyed Ali, the head of EGFI, and Topi Vesteri, Finnerva’s deputy CEO, to expand […]

According to CBI, in light of negotiations during the past few months, an agreement was signed on May 15 to integrate the Iranian payment system with that of Russia based on which test transactions between the two countries have begun Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Iran and Russia have integrated their […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Tehran Chamber of Commerce, Industries, Mines and Agriculture unveiled an online system for investments, which has been designed specifically to provide foreigners with any information they may need for assessing investment prospects in Iran. “By referring to this new system, foreign investors can become aware of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; China’s Finance Minister Xiao Jie underscored Iran’s strategic role in China’s New Silk Road plan, noting that Iran can be a party for fulfilling the ‘”One Road, One Belt” vision initiated by the Chinese government. “Iran not only could participate in carrying out the plan within […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  In what is being called a major geostrategic initiative, China on Sunday inaugurated the two-day Belt and Road Summit in Beijing. The event was presented as Chinese President Xi Jinping’s signature foreign policy project known as “The Silk Road Economic Belt and the 21st-Century Maritime Silk […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Iranian banks managed to present their balance sheets for the last Iranian year (ended March 20, 2017) in line with the International Financial Reporting Standards, said the secretary-general of the Private Banks and Credit Institutions Association. “Iran Audit Organization’s discrepancies with international standards posed a hurdle […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The Export Development Bank of Iran – the country’s Eximbank– has opened 30 accounts in major foreign banks besides having established 120 correspondent relations with major international banks, the bank CEO said. “Before implementation of the nuclear deal with world powers we did not have any kind […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran’s deputy for foreign exchange affairs announced. “These banks will be able to open branches in the country when CBI issues licenses after they have submitted the necessary […]