The plan is to move goods from Indian ports to Iran’s Bandar Abbas Port by sea and then to the Iranian port of Bandar Anzali by road and from there to the Russian port of Astrakhan by sea. The goods would then be transported into Russian Federation and Eu INSTC is much shorter than the […]

According to the CII chief, the government’s big role in the economy and underdevelopment of economic sectors are slowing insurance growth in Iran Reported by HPMM Group according to FINANCIAL TRIBUNE ;An economy heavily controlled by the government and a lack of development in key economic sectors are the two main reasons for the Iranian […]

Smuggling accounts for a quarter of Iran’s total imports Reported by HPMM Group according to FINANCIAL TRIBUNE ;The High Council of Free Zones has given the nod to the Islamic Republic of Iran Customs Administration to exercise customs controls and collect duties at ports of entry of free trade zones. Customs and border protection equipment […]

After a period of mistrust and exclusion from policymaking, the private sector has recently found a bigger platform to make its voice heard Reported by HPMM Group according to FINANCIAL TRIBUNE ;The head of Iran Chamber of Commerce, Industries, Mining and Agriculture on Sunday called on all economic entities to embrace the motto of the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Iranian banking system will focus on increasing production and improving employment in the current fiscal year in line with the guidelines provided by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei. In light of the fact that this year has been named after Resistance Economy: […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Ministry of Economy has published the details of letters of credit and banking guarantees that Iranian banks allocated over the past few years, which marks the progress of these banks after economic sanctions against Iran were lifted. Despite the fact that half of President Hassan Rouhani’s […]

Reported by HPMM Group according to IRNA ; On the sidelines of ISBF annual meetings in Kuala Lumpur, central banks of Iran and Malaysia agreed to bolster bilateral banking relations. The Islamic Financial Services Board (IFSB) Annual Meetings and Side Events 2017 was held in Kuala Lumpur, Malaysia on April 04-06, co-hosted by the Central […]

Reported by HPMM Group according to IRNA ; CEO of General Insurance Corporation of India (GIC Re) have voiced readiness to boos ties with Iranian firms by providing the Iranian market with required insurance coverage. On the sidelines of Management Board Meeting of Asian Reinsurance Corporation (Asian Re) in Bangkok, President of Bimeh Markazi Iran […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Polish and Iranian lenders need host each other’s bank branches to normalize banking ties between the two countries, the Polish deputy minister of economy said. “That would not only boost the correspondent banking relations, but also provide finance for various projects in infrastructure and other sectors,” Tadeusz […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;In its 30th meeting held in Kuala Lumpur, Malaysia, the Council of the Islamic Financial Services Board approved the Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (sukuk and Islamic collective investment schemes) on Thursday. The document –dubbed IFSB-19 –outlines disclosure requirements for sukuk and […]