Reported by HPMM Group according to FINANCIAL TRIBUNE; A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good opportunity”. Lotfollah Saeedi, the deputy director of Money and Capital Commission of Tehran Chamber of Commerce, Industries, Mines […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the Central Bank of Iran. “The authorities have taken legal measures against those who fail to obtain licenses […]

A TCCIMA official said negotiations with Australia and Brazil on petchem sales have become finalized the a hexamine cargo will be soon deployed to Canberra. Reported by HPMM Group according to MEHR NWES ; On latest status of petrochemical exports in the post-JCPOA era, Member of Board of Directors of Tehran Chamber of Commerce, Industries, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; A large part of the Islamic Republic of Iran Shipping Lines’ fleet has regained protection-and-indemnity cover from Steamship Mutual. More than 50 IRISL vessels have been entered in the International Group of P&I Clubs that was a key insurer of the Iranian fleet before sanctions ended the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; The Tehran-based media corporation Donya-e-Eqtesad launched a stock market information service called Donya-e-Bourseon Sunday. Ali Reza Bakhtiari, owner and managing director of the media group, said the new service is in line with his declared policy to help “promote the free market, competiveness and openness.” Regarding the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Bank Mellat, a leading Iranian privatized bank, has fully established corresponding relations with more than 100 lenders worldwide, said an official of the bank. Alireza Lagzaei, Bank Mellat’s vice director, said the bank has been working on reopening accounts with foreign lenders that were closed following the […]

The top three startups are active in urban services, businesses and mobile application adverts Reported by HPMM Group according to FINANCIAL TRIBUNE; The 22nd round of the International Exhibition of Electronics, Computer and E-Commerce (Elecomp 2016) was held Dec. 15-18 in Tehran. One major attraction was the sector named Elecom Stars that introduced new Internet-based […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Clause two of Article 20 legally binds the CBI to create an electronic platform to be used by banks and non-bank credit institutions for inquiries concerning credit scoring and tax arrears, among other things Lawmakers approved measures on Saturday requiring the Central Bank of Iran to prepare […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The National Development Fund of Iran is able to provide credit to sellers and buyers, issue advance payment guarantee and finance the equipment of workshops in overseas projects of Iranian contractors Iran’s sovereign state fund is ready to bankroll projects involving the export of goods and techno-engineering […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Iran’s gross domestic product grew 7.4% during the first half of the current Iranian year (started March 20) compared with the corresponding period of last year, the Central Bank of Iran said in its latest report. This is the biggest economic growth rate Iran has experienced since […]