Economists Comment on Future Trends

Economists Comment on Future Trends

For the first time in two years, sales of construction materials saw a 12% rise in Q3, compared with the similar period of a year before Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Fourth Iranian Economic Overview Conference was hosted by Donya-e Eqtesad Group, the parent company of Financial Tribune, in Tehran on […]

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Iran Working to Free Luxembourg Assets

Iran Working to Free Luxembourg Assets

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Following news that Iran’s assets in Luxembourg have been frozen by a court, a senior Iranian official said on Tuesday lawyers with the Central Bank of Iran are currently consulting Luxembourg lawyers “for us to be able to have access to the funds”. Deputy Foreign Minister for […]

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EAEU premiers approve setting up free trade zone with Iran

EAEU premiers approve setting up free trade zone with Iran

Prime ministers of the Eurasian Economic Union (EAEU) member states approved drawing up a Memorandum of Understanding (MoU) for establishment of a free trade zone with Iran. Reported by HPMM Group according to IRNA ;The EAEU Prime Ministers Summit was held in Bishkek, Kazakhstan, on Tuesday with premiers of Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia. […]

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Iran, Europe to open joint bank

Iran, Europe to open joint bank

A senior banking director has reported on establishment of an Iranian-European bank with three members of Iran and four from Europe serving on the management board. Reported by HPMM Group according to MEHR NEWS  ;Ahmad Haji Mohammadi, Manager of International Affairs of Sarmeye Bank, said international monetary institutions had evaluated Iranian banks in terms of […]

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Iran to Accede to Full IOSCO Membership

Iran to Accede to Full IOSCO Membership

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Iran is set to become a regular member of the International Organization of Securities Commissions in the next five to six months, the chairman of Securities and Exchange Organization announced. The Islamic Republic joined IOSCO as observer member in April 2016. The upgrade in membership can be […]

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Monetary Discipline on CBI Agenda

Monetary Discipline on CBI Agenda

The vice governor of the Central Bank of Iran outlined the bank’s Resistance Economy measures and the benefits of Iran’s nuclear accord The central bank aims to organize uncertified financial institutions, reform the banking system, clear government arrears to banks and the private sector, and conform banking regulations and transactions to international laws and standards […]

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Tehran, Paris Reinforce Banking, Reinsurance Ties

Tehran, Paris Reinforce Banking, Reinsurance Ties

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The economy ministers of Iran and France discussed expansion of relations between their central banks during a meeting in Tehran on Saturday. “Iran and France have taken good measures for normalization of commercial and banking relations … Two Iranian bank branches [Tejarat and Melli] in France have […]

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Iran’s Fintech Association Launched

Iran’s Fintech Association Launched

Reported by HPMM Group according to FINANCIAL TRIBUNE ;A group of Iranian fintech companies has formed Iran’s Fintech Association, soon after the Central Bank of Iran put forward the idea. Nasser Hakimi, the director of CBI’s IT Department, had proposed that fintech firms create a forum to identify challenges, prepare key questions and contact the […]

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More Transparency Measures for Banks, Gov’t Entities

More Transparency Measures for Banks, Gov’t Entities

Members of parliament reviewed the expenses in the 2017-18 budget, passing a measure on Sunday, based on which all banks must conduct their business under the watchful eye of the Supreme Audit Court Reported by HPMM Group according to FINANCIAL TRIBUNE ;Lawmakers passed a measure on Sunday, based on which all banks must conduct their […]

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‘Trump bound to extend JCPOA’

‘Trump bound to extend JCPOA’

Deputy Foreign Minister Araghchi has said Trump had no choice but to renew JCPOA. Reported by HPMM Group according to MEHR NEWS ;Addressing a conference on the Joint Comprehensive Plan of Action (JCPOA) and the Resistance Economy, Deputy Foreign Minister for International and Legal Affairs Seyyed Abbas Araghchi said “Donald Trump in currently evaluating the […]

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