Reported by HPMM Group according to FINANCIAL TRIBUNE; Bank Mellat has issued more than $6 billion worth of payment orders since the implementation of Iran’s nuclear accord with world powers last year, announced the bank’s deputy for international affairs. “During this period, 36 foreign exchange accounts have been opened in foreign countries [by Mellat] and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; The National Iranian Productivity Organization has signed a memorandum of understanding with Korea Productivity Center to improve productivity through cooperation between Iranian and South Korean companies and institutions, according to NIPO chief, Roya Tabatabaie-Yazdi. “The MoU will also facilitate the exchange of vocational knowledge and skills,” IRNA quoted her […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;  more than 800,000 tons of red meat are produced in Iran every year, while domestic demand stands at around 900,000 tons per annum Irish farmers have called on their government to reopen the Irish Embassy in Iran, which was closed in 2011. Patrick Kent, president of Irish […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Economic growth in the summer stood at 9.2% while growth in spring was 5.4%Iran is currently using up the available capacities, but these are limited, hence it needs to add to these capacities to achieve sustainable growth In order to maintain the 7.4% economic growth experienced in […]

Reported by HPMM Group according to  Trend NWES; Iran plans to invest 370 trillion rials (close to $11.5 billion) in developmental projects for the following Iranian fiscal year (to start March 21), President Hassan Rouhani told the national TV. He said the plan is made thanks to Iran’s increasing revenues in the wake of the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Iran, since the lifting of economic sanctions earlier this year, has become an increasingly attractive market for South Korean heavy industry businesses, especially the construction and shipbuilding industries that have been targets of corporate restructuring in recent years, read an article published by South Korean newspaper Korea […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; There is not much buying or selling happening in the UAE’s hot rolled coil market due to the uncertain situation and fluctuating prices. Besides, demand is weak at the end of the year and inventories are not high, market players report. There were deals only for Iranian […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; It was decreed on Saturday that foreign exchange rates be unified over the long term and the government use the instruments necessary to decrease currency rates in the short term The current forex rates in the market are not real and economic variables show circumstances that will […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Policymakers have been making great efforts for promoting life insurance, with the parliament recently requiring the industry to boost life insurance revenues from the current 12% to 50% by 2021 Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Banking is one of the most prospective fields for the expansion of Azerbaijani-Iranian cooperation,” the Azerbaijani website Trend.az quoted him as saying during the 11th meeting of the Azerbaijan-Iran Economic Commission held on […]