Tejarat Bank Eying UAE, China

Tejarat Bank Eying UAE, China

Reported by HPMM Group according to FINANCIAL TRIBUNE;  Tejarat Bank is looking to the UAE and China as the next target markets to expand its operations, announced the bank’s director for international affairs. Ali Mehrpour also detailed the bank’s plans to develop its foreign exchange services and correspondent relations with foreign banks. Mehrpour noted that […]

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Kyrgyz agriculture min. due in Tehran Sun.

Kyrgyz agriculture min. due in Tehran Sun.

Iranian and Kyrgyz agriculture ministers will meet in Tehran on Sun. February 20 aiming to develop joint agro cooperation between the two countries. Reported by HPMM Group according to MEHR NEWS ;  The Minister for Agriculture, Food Security and Land Reclamation of the Kyrgyz Republic Murashev Nurbek Murpazylzhanovich will lead a seven-strong delegation to Iran […]

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US shale gas no menace to Iran’s petchem industry

US shale gas no menace to Iran’s petchem industry

Deputy Iranian oil minister said American shale gas cannot be deemed a threat to development of Iran’s petrochemical industry for at least a decade. Reported by HPMM Group according to MEHR NEWS ;  On dangers and shale gas expansion in the US for development of Iranian petchem industry, Marzieh Shah-Daei said “for the coming 10 […]

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Banks Urged to Pursue Profitability, Transparency

Banks Urged to Pursue Profitability, Transparency

Reported by HPMM Group according to FINANCIAL TRIBUNE;  In order to have a healthy bank, branch managers ought to ensure the bank’s profitability while abiding by the law and observing transparency. Farshad Heydari, the Central Bank of Iran’s deputy for supervisory affairs, made the announcement at a ceremony honoring successful bank and credit institution managers. […]

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French automakers determined to cooperate with Iranian counterparts

French automakers determined to cooperate with Iranian counterparts

Reported by HPMM Group according to IRNA ;   French Ambassador to Iran Francois Senemaud said on Friday that his country’s automakers are determined to have cooperation with their Iranian counterparts. He made the remarks on the sidelines of the closing ceremony of a week-long French Educational Workshops in the city of Kashan, central Iran. Senemaud […]

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Iran resumes electricity exports to Iraq

Iran resumes electricity exports to Iraq

Following a month of hiatus, electricity exports to Iraq was resumed after the neighboring country retired $350mn of its overall $1.3bn outstanding debt to Iran. Reported by HPMM Group according to MEHR NEWS ;  In the present week and in time with visit of an Iraqi delegation to Tehran, an agreement was eventually achieved over […]

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Iran, Serbia call for closer energy coop.

Iran, Serbia call for closer energy coop.

Iran and Serbia have called for further expansion of long-term cooperation in the fields of energy and mining following the implementation of Iran’s nuclear deal. Reported by HPMM Group according to MEHR NEWS ;  Iran’s Ambassador to Belgrade Hossein Mola Abdollahi held talks with Serbian Minister of Energy and Mining Aleksandar Antić in Belgrade on Friday, […]

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No Interest Rate Cuts Likely Until May

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Interest rate cuts will be postponed until after the presidential elections in May, claims a bank chief executive. “The case for reducing bank interest rates has been closed in the current administration and it does not seem as if calls by bankers to lower the rates […]

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CBI: Stage Set for Forex Rate Unification

Without providing a timeline, the vice governor of the Central Bank of Iran said grounds have been prepared for unifying the foreign exchange rates Akbar Komijani noted that the Iranian economy is making progress in the non-oil sector, which shows that it is moving in the right direction Reported by HPMM Group according to FINANCIAL […]

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Iran, Luxembourg Agree to Support Investments

Iran and Luxembourg have signed an agreement for promoting mutual support for investments Reported by HPMM Group according to FINANCIAL TRIBUNE ;  High-ranking officials of Iran and Luxembourg have signed an agreement to support investments and improve banking ties. Economy Minister Ali Tayyebnia met with Luxembourg Minister for Foreign and European Affairs, Jean Asselborn, at […]

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