The number of meetings and negotiations with foreign banks has been on the rise in the past few months and the level of banks looking to establish correspondent relations has moved from mid-tier to bigger banks Bank Mellat had only 12 correspondent relations at the onset of the sanctions-era and as a result of […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;A 50-member trade mission from Luxembourg is expected to arrive in Tehran on April 29 to hold talks with their counterparts from the Iranian private sector. Iran Chamber of Commerce, Industries, Mines and Agriculture, the official representative of Iran’s private sector, will be hosting the delegation. The […]
Concurrent with the rise in production, the price of Iran’s crude oil reached $53.2 per barrel in the month ending Feb. 18, 2017, which is the highest since Aug. 2015 Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Iranian economy enjoyed increased oil production and growth in the industrial sector during the three quarters […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Fourth Iran-Europe Banking and Business Forum is to focus on investment opportunities in Iran and banking system improvements in the post-sanctions era, the head of Iran’s Monetary and Banking Research Institute said. “First will be Iran’s banking and financial improvements after the implementation of the Joint Comprehensive […]
The exceptional GDP growth during the three quarters was primarily due to the utilization of unused production capacity in the oil and gas sector, but in the absence of a massive investment drive, a comparable performance is not expected in the current f Reported by HPMM Group according to FINANCIAL TRIBUNE ;Official statistics indicate that […]
The fund will support private sector initiatives in the absence of a viable sovereign guarantee fund backing ventures worth up to €۵۰ million Seif said the latest data on the growth of liquidity and the loan portfolio of banks are reassuring Reported by HPMM Group according to FINANCIAL TRIBUNE ;A notable decline in liquidity […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Bank of Industry and Mine is currently negotiating with three foreign banks to attract funds for Iranian projects, the bank’s chief executive said. “Negotiations are currently underway with Chinese, European and Russian banks to receive long-term credit lines to finance national and infrastructure projects,” Ali Ashraf […]
Two companies from Germany and South Africa have invested 900 billion rials ($24 million) in the Iranian ride-hailing service Snapp Reported by HPMM Group according to FINANCIAL TRIBUNE ;Deputy Minister of Telecommunication and Information Technology says the Iranian ride-hailing startup, Snapp, has so far attracted more than 900 billion rials ($24 million) of foreign investments. […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;In collaboration with Amir Kabir University of Technology (AUT), Samsung has launched a joint technology center in Tehran. According to a company press release, the tech center was launched on April 16. It will offer scientific assistance and financial support to Iranian scholars and university students researching […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;Export Guarantee Fund of Iran and Portugal’s private insurance firm COSEC signed a memorandum of understanding in Tehran on Tuesday to expand cooperation. The two entities agreed to expand cooperation in co-insurance, reinsurance, credit assessment, claims prevention and recovery of debts that help the exporters of both […]
