In spite of the sharp decline in crude oil prices over the past two years, the Iranian government–unlike its oil-rich neighbors–has refused to use its sovereign funds and has even put aside the 20% share of oil revenues in a rainy-day fund. Reported by HPMM Group according to FINANCIAL TRIBUNE ;Economy Minister Ali Tayyebnia said […]
A consortium is likely to be formed by Britain’s Royal Dutch Shell, France’s Total as well as an Iranian company for development of Azadegan oilfield. Reported by HPMM Group according to MEHR NWES ; On the verge of inviting the first tender for development of Iranian oilfields in the post-JCPOA era, Shell and Total have […]
Following the signing of the Joint Comprehensive Plan of Action (JCPOA) which opened new chances for the Iranian banking system, the Central Bank of Iran is working to establish regional links, a senior official said. Reported by HPMM Group according to IRNA ; Davoud Mohammad Beigi, who is the manager of payment systems department with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;Bank Melli Iran announced it can now transfer money overseas for individuals, as the bank expands its international ties in the post-sanctions era. “The customers are now able to transfer up to €۲,۰۰۰ per month,” said Gholamreza Panahi, director of BMI’s Department for Foreign Exchange. “Earlier, Iranians […]
In the latest open session of the parliament on Wednesday, lawmakers reviewed components of the sixth five-year development plan sent to the Majlis Joint Committee As part of its extended power, the central bank will now be able to punish uncertified entities by limiting or prohibiting their dividend distribution to shareholders Reported by HPMM Group […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;In the first half of the current Iranian year 1395 (started March 20, 2016), the monetary base grew by 7.9% compared to the end of 1394 and by 20.4% compared with the same period of the previous year. The main reason for this expansion is a 203.5% […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;The first direct weekly feeder sailing from the port of Jebel Ali in the UAE to Bushehr, the 3,400-TEU containership Inter Sydney, was launched on January 4 Maersk selected Bushehr Port because it is the largest gateway for transportation of goods in the province of Bushehr, with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; For Islamic banking, the opening up of Iran is a huge development, as Iranian banks make up the world’s largest financial system based on Islamic law, with Islamic banking assets totaling $500 billion. A large number of sukuk and other Islamic securities from Iran are expected over […]
A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Reported by HPMM Group according to MEHR NWES ; Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; The Central Bank of Iran has devised 54 projects and platforms as part of its 2021 Roadmap that outlines an innovative, flexible and strong future for the banking system, announced the bank’s deputy for innovative technologies. “A total of 54 strategic projects have been defined in the […]