Taxation
One of the business owners’ major concerns is taxation. Although paying tax is obligatory there is a chance to avoid unfair taxes or tax fines by applying appropriate solutions. Tax laws, bylaws and instructions are changing and increasing. So keeping aligned with them, preparing reports and information for the authorities in a professional way is […]
Financial Management
A financial manager should consider the investment type and financing solutions very closely and have a thorough and detailed planning when it comes to long-term major decisions. Moreover, he has to pay extra attention to major items like securing stability and promoting company’s present status, financing costs, investment interest, and possible risks regarding the firm’s […]
ONLINE CALCULATION OF FINANCIAL RATIOS
Investors are always looking for a way to predict commercial companies’ bankruptcy possibility or buy profitable shares. One of the effective ways for analyzing the current situation and making predictions based on that are the financial ratios. Being aware of liquidity ratios, activity ratios, gearing ratios, and profitability ratios are really important in companies and institutes’ development.
EDITORIAL: SA needs to be ready for Boris Johnson fallout
Reported by HPMM Group according to the fainancial mail ; From a potential conflict with Iran to the prospect of crashing out of its most important economic relationship in little over three months, the UK, one of SA’s most important trading partners,
Non-Aligned Movement calls for lifting unilateral economic sanctions
Reported by HPMM Group according to the Middle East monitor ; The Non-Aligned Movement (NAM) called for the lifting of unilateral economic sanctions, Sunday. This came in a statement adopted at a ministerial meeting in Caracas, in which the speakers criticised US policy
Iran, Nicaragua discuss expansion of ties
Reported by HPMM Group according to the Mehr News ; A number of senior officials of Nicaragua and an Iranian delegation headed by Foreign Minister Zarif held a meeting in Managua on Monday to discuss ways to further develop cooperation between the two
US new sanctions aim to threaten food security in Iran
Reported by HPMM Group according to the mehr news ; Iranian deputy minister of agriculture said the main goal of the Trump administration for imposing the recent sanctions on Tehran is to threaten food security and people’s livelihood in the country. Hossein
US Plans to Announce New Set of Sanctions Against Iran
Reported by HPMM Group according to sputnik ; The Trump administration is reportedly expected to announce additional sanctions on Iran within the coming week, targeting new sections of the Iranian economy. The Trump administration plans to target a new sector of the Iranian economy
What if Iran Retaliates and Shuts Down the Strait of Hormuz?
Some 18 million barrels of oil transit through every day. The economic impact would be catastrophic. Reported by HPMM Group according to the american conservative ; The effort on the part of the Trump administration to shut down Iran’s ability to export
Govt apprehensive Trump administration’s sanctions on Iran could boost oil prices, inflation
Reported by HPMM Group according to Firstpost ; Washington: US sanctions on Iran could boost oil prices and inflation to a point that hurts the common person in India, the country’s ambassador to the United States said on Tuesday, after the Donald
Norway seeks enhanced economic coop. with Iran: deputy FM
Reported by HPMM Group according to MEHR NEWS ; Norway hopes the new financial mechanisms, such as INSTEX, will help further boost the level of cooperation between Tehran and Oslo in various economic fields, the Norwegian deputy foreign minister said on Monday.
US displays ‘schoolyard bullying’ by re-imposing bans on Iran: official
Reported by HPMM Group according to MEHR NEWS ; A senior Iranian oil official said that the White House’s re-imposition of sanctions on Iran was US’s “schoolyard bullying” reaction to the new balance of power in the world. “The idea that some countries
Iran sanctions, unrest hit Mideast growth: IMF
Reported by HPMM Group according to DAILY MAIl ; US sanctions on Iran, rising unrest in the Middle East and North Africa and oil price volatility are dragging regional economic growth, the International Monetary Fund said Monday. The IMF warned in a
What Oil at $100 a Barrel Would Mean for the World Economy
(Bloomberg) — Surging crude prices are posing another headwind for the world economy after President Donald Trump’s “zero” pledge on Iran oil sales. Reported by HPMM Group according to INVESTING.COM ; Brent crude has risen about 40 percent this year and is at
IMF sees risk of 50% Iran inflation on more US sanctions
DUBAI: Tighter U.S. sanctions against Iran could fuel inflation to the highest level since 1980, according to the International Monetary Fund, as the Islamic Republic’s economy grapples with a weakening currency and tighter U.S. sanctions on oil exports. Reported by HPMM
Some $838m worth of flood damage inflicted to Iran’s roads: minister
Reported by HPMM Group according to MEHR NEWS ; Minister of Roads and Urban Development Mohammad Eslami said that recent flood across the country has inflicted some 35.2 trillion rials ($838 million) worth of damage to the country’s roads and railways. He made
Syria, Iran, Iraq mull linking railway network :reports
Reported by HPMM Group according to MEHR NEWS ; Syria, Iran and Iraq plan to hold a trilateral meeting on the connection of their railway systems into one, media reported citing a source in the Syrian Ministry of Transport. “Now, the countries
Impact of Trump’s irrational decisions on oil market
Reported by HPMM Group according to MEHR NEWS ; The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran’s elite Islamic Revolutionary Guards Corps a ‘terrorist group’, indicating that
Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns
Reported by HPMM Group according to IRAN FRONT PAGE ; Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies. Speaking
Iranian airline launches Tehran-Caracas direct route
Reported by HPMM Group according to MEHR NEWS ; Mahan Air, Iran’s second-largest carrier after Iran Air, has officially launched its direct flights between Tehran and the Venezuelan capital Caracas, a senior official said. Spokesman of Iran’s Civil Aviation Organization Reza Jafarzadeh
pkf worldwide tax e newsletter q1 march 2019
pkf worldwide tax e newsletter q1 march 2019
Indian refiners paying for Iranian oil in rupees: UCO Bank
Reported by HPMM Group according to Mehr news ; India has begun paying Iran for oil in rupees, a senior bank official said on Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November. Washington gave
Former Italian PM underlines close economic ties with Iran
Reported by HPMM Group according to Trend News Agency ; Former prime minister of Italy Paolo Gentiloni highlighted his country’s “historical commitment” to broadening trade ties with Iran, stressing that Italy should adopt policies that are independent of the US, Trend reports via
Official: US Lying about Not Sanctioning Medical Imports to Iran
Reported by HPMM Group according to Fars news ; A senior official of Iran Food and Drug Administration (IFDA) accused Washington of lying about exemption of drugs and food from sanctions against Iran, saying that the banking embargos have made imports of
Iran, Slovakia to Boost Cooperation on Renewable Energy
Reported by HPMM Group according to Fars news ; A host of Slovakian business activists visiting Tehran, in a meeting with Deputy Chairman of the Iranian Parliament’s Energy Commission Hossein Amiri Khamkani, reassured that they are resolute to strengthen cooperation on renewable
Iran’s FM to Travel to India to Deepen Ties
IRAN’S FOREIGN MINISTRY SPOKESMAN BAHRAM QASSEMI SAYS THE FOREIGN MINISTER OF THE ISLAMIC REPUBLIC MOHAMMAD JAVAD ZARIF WILL VISIT INDIA ON MONDAY JANUARY 7, AT THE HEAD OF A HIGH-LEVEL POLITICAL AND ECONOMIC DELEGATION. Reported by HPMM Group according to IRAN FRONT
CBI seeks to slice four zeros off currency: Hemmati
Reported by HPMM Group according to Mehr news ; The Central Bank of Iran (CBI) is looking to take four zeros off the national currency in a bid to curb the rising tide of liquidity and help the rial regain part of
Iran to hold exhibition of common heritage in 10 ECO member states
Reported by HPMM Group according to Mehr news ; On the occasion of 40th anniversary of the Islamic Revolution, an exhibition of research tableaus on ‘Common Culture and History in ECO Region’ will be held in 10 ECO member states. Morteza Rezvanfar, a
Iran, India to Start Banking Exchanges in Coming Days: Envoy
India’s Ambassador to Iran Saurabh Kumar said the two countries are set to begin banking transactions in coming days as New Delhi has agreed to grant tax exemption to banks trading with Tehran. Reported by HPMM Group according to Tasnim news ;
Critical thinking on Iran’s domestic challenges
It is hard to find the exact reasons for the domestic challenges that Iran faces, as the country has unique socio-economic and political dynamics when compared to neighboring countries In my article “The Loss of Social Capital Constitutes a Huge
First follow-up committee held on Chabahar trilateral agreement
Reported by HPMM Group according to Mehr news ; Iran, Afghanistan and India held their first follow-up committee on Chabahar port’s trilateral agreement on Monday to review the conditions of its implementation. The meeting was held in the port city of Chabahar,
Foreigners have asked to buy Iranian oil via stock market
Managing director of Iran’s Energy Exchange said Sun. that a number of foreign companies have already obtained a special trading code to buy Iranian crude via the exchange market. Reported by HPMM Group according to Mehr news ; Seyyed Ali Hosseini, the managing director of Iran’s
Iran, Iraq discuss expanding medical coop.
Reported by HPMM Group according to Mehr news ; Iran’s Deputy Health Minister Mohsen Assadi Lari met with Iraqi Health Minister Alaa al-Alwani in Baghdad on Sunday, conferring on a host of issues regarding the expansion of ties in the field of
Inflation rate in Iran continues to rise in autumn
Reported by HPMM Group according to MEHR NEWS ; The inflation rate in the last month of fall in the Iranian calendar reached 18%, indicating 2.4% increase compared to the previous month, according to figures released by the Statistical Center of Iran
Italy Senate passes revised budget after EU standoff
Reported by HPMM Group according to IRAN DAILY ; The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures. Senators passed the budget put forward by
Iran Setting Up Petrochemical Hub on Persian Gulf Coasts
Reported by HPMM Group according to FARS NEWS ; Iran is planning to establish a petrochemical hub on the coasts of the Persian Gulf in the Southern part of the country, Managing Director of the National Iranian Petrochemical Company (NIPC) Behzad Mohammadi
Official: Foreign Firms Eyeing to Purchase Iran’s Oil
Reported by HPMM Group according to FARS NEWS ; Several foreign companies have shown interest in purchasing Iran’s oil via the exchange market, Managing director of Iran’s Energy Exchange Seyed Ali Hosseini said. “A special trading code to buy Iranian crude
Iran’s saffron cultivation system recognized as ‘cultural heritage’ by FAO
The saffron farming system based on Qanat irrigation in the Iranian city of Gonabad, Khorosan Razavi province, has won the recognition of the Food and Agriculture Organization (FAO) as ‘agricultural cultural heritage’. Gonabad’s traditional irrigation system is now registered as
Iran ready to implement OFID projects in needy states
Iran is ready to help OPEC Fund for International Development (OFID) implement different projects in the needy countries, Iranian Ambassador to the International Organizations said on Thursday. Reported by HPMM Group according to IRNA ; Iran as a main member of the
Iran’s Rouhani praises relations with Turkey
Bilateral ties to top agenda of talks at Thursday meeting in Ankara between Turkish, Iranian leaders Reported by HPMM Group according to Anadolu Agency ; Iranian President Hassan Rouhani on Wednesday hailed his country’s close ties with Turkey and called for
IMF board approves new Ukraine loan package, releases $1.4b immediately
Reported by HPMM Group according to IRAN DAILY ; The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for Ukraine and released $1.4 billion for immediate use. The IMF had agreed on the $4 billion,
Japan’s view on US ties worsens on Trump’s trade push: Yomiuri
Japan’s popular perception of the country’s ties with the United States worsened significantly this year, an opinion poll showed on Wednesday, battered by US President Donald Trump’s hostile trade policies. Reported by HPMM Group according to IRAN DAILY ; The annual
British economy forecast to fall in GDP rankings
Britain’s stalled economy will fall back in the international rankings next year to sit in seventh place behind India and France, according to a report by consultants at PwC. Reported by HPMM Group according to IRAN DAILY ; A fall in the value
World Tourism Organization to Expand Cooperation with Iran
Reported by HPMM Group according to FARS NEWS ; Secretary General of the World Tourism Organization (WTO) Zurab Pololikashvili, in a meeting with Iranian Ambassador to Madrid Hassan Qashqavi, highlighted the capacities of the tourism industry in Iran, and called for
Iran Social Security Organization to launch office in Canada
Reported by HPMM Group according to IRNA ; To provide better services for the Iranian people living abroad, individuals have been called for cooperation with the Social Security Organization to open agencies in Canada and the United States, said the head of
IOOC inks MoUs on boats, oil pipes
Reported by HPMM Group according to MEHR NEWS ; The Iranian Offshore Oil Company (IOOC) signed four Memoranda of Understanding (MoUs) with domestic companies for supplying boats and standardization of flexible oil pipes. The documents were signed on Monday evening on
Stepped Up US Military Posture In The Gulf Threatens Indian Hopes For Iran’s Chabahar Port – Analysis
Reported by HPMM Group according to Eurasia Review ; The arrival of the USS John C. Stennis aircraft carrier group in the Gulf to deter Iran from further testing ballistic missiles is likely to dampen Indian hopes that the Trump administration’s exemption of the
Iran ranks 28th in world in high-tech production
Reported by HPMM Group according to REAL IRAN ; According to the latest report by Communications Regulatory Authority on Iran’s economic ecosystem, the country ranks 28th in the world in high-tech production and 57th in export of innovative goods. In
Iran to host two Intl. health tourism conferences in 2019
Iran is set to host two international conferences on medical tourism in 2019, a senior official at the Ministry of Health and Medical Education said. Reported by HPMM Group according to MEHR NEWS ; Mohammad Jahangiri, head of International Healthcare Association,
Enemy after hitting Iran economy: VP
Important economic sectors in Iran are being targeted by the enemies, the country’s First Vice-President Eshaq Jahangiri said on Tuesday. Reported by HPMM Group according to IRNA ; ‘It is not simple to tell people we are amid an economic war,’
Iran Must Accelerate FATF Accession amid Israel Inclusion
ISRAEL’S ACCESSION TO THE GLOBAL ANTI-MONEY LAUNDERING MAKES IT MORE DIFFICULT FOR IRAN TO JOIN THE FINANCIAL ACTION TASK FORCE, AN IRANIAN MEDIA OUTLET SAID, ARGUING FOR QUICKER APPROVAL OF PARLIAMENTARY LEGISLATIONS REQUIRED FOR IRAN GETTING OUT OF THE BODY’S
Iran major component of global transit corridors: Official
The head of Iran Ports and Maritime Organization says Iran has a key, fixed, and stabilized position in global transit corridors. Reported by HPMM Group according to IRNA ; Mohammad Rastad made the remarks in the opening ceremony of the 20th Iran
NIOC to Award Exploration Projects to Iranian E, Ps
Reported by HPMM Group according to FARS NEWS ; A senior official with the National Iranian Oil Company (NIOC) said the company would entrust exploration projects for oil and gas fields to domestic exploration and production (E&P) companies. Director of Exploration
۸ Iranian firms attend construction expo in Pakistan
Reported by HPMM Group according to IRNA ; Some eight Iranian companies active in the field of construction are participating in the 14th edition of International Build Asia Exhibition, which is being held in Karachi from Dec. 15-17. According to Mahmoud Haji
Iran president says Kish can link country to global economy
Reported by HPMM Group according to IRNA ; Iran’s President Hassan Rouhani in a meeting with the head of Kish Free Zone Organization called for promoting Iran’s southern Kish Island as the country’s link to global economy. President Rouhani met Gholam-Hossein Mozaffari
US Sanctions Not to Change Iran’s Policies: FM Zarif
Reported by HPMM Group according to IRAN FRONT PAGE ; Iranian Foreign Minister Mohammad Javad Zarif says economic sanctions imposed by the United States against Iran will fail to have any impact on the policies of the Islamic Republic at home or
OPEC proved it can reach agreement despite splits: Zanganeh
Reported by HPMM Group according to MEHR NEWS ; OPEC members have shown that they can reach agreements regarding oil production despite having intense political and even military disputes, said Iranian Oil Minister Bijan Zanganeh on Saturday. “OPEC, as a third world organization,
Russia’s Rosneft quits Iran, $30B of potential joint investments
Reported by HPMM Group according to MEHR NEWS ; Russia’s largest oil producer Rosneft has decided to quit Iran and the possibility of US$30 billion worth of joint Russian-Iranian investments in oil and gas projects in the Islamic Republic. In November last
How audit committees can address emerging technologies
How audit committees can address emerging technologies By Ken Tysiac December 12, 2018 Emerging technologies present big opportunities for efficiencies and strategic advantages for companies, but they also pose substantial challenges for audit committees. Artificial intelligence and robotic process automation
‘Multiple and intertwined risks’ cloud outlook for the Middle East and its neighbors, IMF says
‘Multiple and intertwined risks’ cloud outlook for the Middle East and its neighbors, IMF says Oil producing countries in the Middle East could benefit from higher crude prices in 2019, but regional uncertainties weigh on growth. A new report from
Iran’s six-month trade balance positive, at $940m
Reported by HPMM Group according to IRNA ; Iran’s foreign trade balance recorded positive during March 21-September 22, 2018 to reach $940 million, said the deputy industry, mine and trade minister for export affairs. This comes as the figure was negative
Iran’s Natural Gas: A Gateway to US-Iran Cooperation
Reported by HPMM Group according to Atlantic council ; The broad economic sanctions that go back into effect against Iran on November 5 will not significantly impact Iran’s limited natural gas exports. Iran’s export potential could emerge as a gateway to cooperation
Iran, Russia to promote economic coop. via adapting standards
Reported by HPMM Group according to Mehr news ; Head of the Iranian National Standards Organization (INSO) said Wed. that Iran and Russia are making every effort to achieve common standards in the economic sector in a bid to boost mutual trades.
ICJ announces time-limits for filing of Iran, US pleadings
Reported by HPMM Group according to Mehr news ; In a Tuesday statement, the International Court of Justice fixed the time-limits for the filing of the initial pleading by the Islamic Republic of Iran and the United States in regard
US Dollar Nose-Dives Unprecedentedly, Iran Rial Regains Value
Reported by HPMM Group according to Fars news ; The exchange rate of US dollar to Iran’s rial witnessed an almost 33% plunge on Monday after a new set of regulatory measures were put into effect by the Iranian Central
EU, China and Russia in move to sidestep US sanctions on Iran
Special Purpose Vehicle aims to keep Iran in 2015 nuclear deal with barter system Reported by HPMM Group according to THE Guardian ; The European Union, Iran, China and Russia have set out a plan to sidestep unilateral US sanctions designed to
Iran oil exports fall before US sanctions: Institute of International Finance
IIF said Iran’s crude oil and condensates exports were 2.8 mbd in April and are now estimated at 2.0 mbd in September. Reported by HPMM Group according to MoneyControl.com ; Iranian oil exports are declining ahead of a second round of US
US Sanctions on Iran Form of Economic Terrorism: Rouhani
Reported by HPMM Group according to IRAN FRONT PAGE ; Iranian President Hassan Rouhani, in his address to the annual UN General Assembly, strongly blasted the US administration for its unilateral sanctions against the Iranian nation, describing it as a
India set to pay for Iranian oil using rupee from November: sources
Reported by HPMM Group according to TEHRAN TIMES ; India may revert to paying Iran in rupees for the oil it buys from its third largest supplier as U.S. sanctions will from November 4 block use of U.S. dollars to settle
VW rejects Trump envoy’s take on Iran pullout
Reported by HPMM Group according to TEHRAN TIMES ; Carmaker Volkswagen AG rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country
Iran is keeping its nuclear commitments — despite Trump
Reported by HPMM Group according to MEHR NEWS ; Iranian President in an article rejected US claims of supporting Iranian people, and said the world is against US unilateralism. ‘It has now become crystal clear that most countries in the world oppose
US warns countries engaging in economic activities with Iran after November 4
In the absence of any waiver or concession from the Trump Administration, it could have major implications for India, which is one of the biggest importers of Iranian oil. Reported by HPMM Group according to MONEYCONTROL.COM ; The United States has warned
Iran Says Two US Departments Manipulating Its Currency Market
A report by the Iranian government says the US state and treasury departments, along with the country’s intelligence bodies, have started concerted efforts to manipulate Iran’s currency market. Reported by HPMM Group according to IRAN FRONT PAGE ; The report by the
EU seeks to bypass US sanctions on Iran with trade finance tool
Reported by HPMM Group according to Real Iran ; Europe’s biggest economic powers are planning to create a “special purpose” financial company to thwart U.S. President Donald Trump’s sanctions and help Iran to continue to sell oil in the EU. The move, by France,
Austrian envoy hails Iran’s resistance economy initiative
Reported by HPMM Group according to TEHRAN TIMES ; Austrian Ambassador to Tehran Stefan Scholz has welcomed the resistance economy initiative introduced by the Leader of the Islamic Revolution Ayatollah Ali Khamenei. In an interview with IRNA published on Saturday, Scholz said, “We are
Top U.S. banks won’t commit to ending Iranian financial access
Reported by HPMM Group according to TEHRAN TIMES ; Two top American financial institutions would not commit to cutting Iranian access to international financial markets, a cornerstone of the Trump administration’s new sanctions on Iran, adding fuel to concerns among U.S. officials about
Siemens Turns its Back on Iran, Tehran’s Challenge Goes to The Hague
Reported by HPMM Group according to ASHARQ AL-AWSAT ; Iran’s legal challenge against renewed sanctions by the United States goes before the UN’s top court Monday, as Tehran seeks to avert painful punitive measures that could hurt its still fragile economy, AFP
Defending Iran deal, Germany looks to bypass U.S. payment channels
Europe should look to bypass U.S. payment systems by creating its own financial channels, a European monetary fund and international bank transfer system like SWIFT, Germany’s foreign minister has said. Reported by HPMM Group according to TEHRAN TIMES ; Writing in the German
ICJ to hear Iran’s challenge against US sanctions on Monday
Iran’s legal challenge against renewed sanctions by the United States goes before the UN’s top court Monday. Tehran filed a suit against US President Donald Trump’s decision to reimpose economic sanctions at the Hague-based International Court of Justice last month,
Australia vows to maintain ties with Iran amid US sanctions
Reported by HPMM Group according to MEHR NEWS ; An official at Australia’s foreign affairs and trade ministry, while criticizing US for violating the 2015 Iran nuclear deal, stressed Melbourne’s resolve to maintain trade transactions with Tehran despite US sanctions. Justin Lee,
US Still Top Importer of Persian Rugs despite Sanctions
Reported by HPMM Group according to IRAN FRONT PAGE ; The United States is still the main importer of Iranian carpets despite the sanctions it has imposed on the country’s economy. Iran exports $126 million worth of carpets (27.9%) to the
Iran, Italy continue banking transactions by ditching dollar
Reported by HPMM Group according to MEHR NEWS ; President of Iran-Italy Joint Chamber of Commerce said Thu. that the two countries will continue their banking transactions by ditching dollar in the face of US sanctions. Ahmad Fallahpour made the announcement
Govt assessing future impact of renewed sanctions on Iran
Reported by HPMM Group according to DAWN ; The Ministry of Energy (MoE) has been asked to finalise its evaluation of the impact of US sanctions on Pakistan’s options for growth of economic relations with Iran, particularly in the energy sector. The
Turkish, Russian, Iranian Leaders Play The Autocratic Blame Game
Turkish President Recep Tayyip Erdogan often resorts to the blame game when he’s under pressure. (file photo) Reported by HPMM Group according to RADIO FARDA ; Turkish President Recep Tayyip Erdogan has a near monopoly on power in his country, wielding
S. Korea to support companies affected by Iran sanctions
This undated image shows U.S. President Donald Trump’s decision to reinstate economic sanctions on Iran, nullifying a 2015 nuclear dea Reported by HPMM Group according to Yonhap NWES ; South Korea to extend financial support for companies affected by reimposed sanctions on
Iran’s Long List of Grievances Against the United States
Reported by HPMM Group according to ANTIWAR.com ; On May 8 President Donald Trump announced that the United States will be leaving the nuclear agreement that Iran signed in July 2015 with P5+1 – the five permanent members of the United Nations Security
Global powers condemn US sanctions against Iran and encourage businesses to ignore the Trump administration
Reported by HPMM Group according to REAL IRAN ; Several global powers have decried President Donald Trump’s administration for reinstating tough economic sanctions against Iran, while actively calling on businesses to ignore the White House over the coming months. Despite pleas from key
US reimposes tough economic sanctions on Iran
The United States re-imposed a wave of tough, unilateral sanctions against Iran on Tuesday, bringing back into effect harsh penalties that had been lifted under a historic, multi-party nuclear agreement that President Donald Trump abandoned in May. Reported by HPMM Group according
Italy determined to maintain economic ties with Iran
Italian Ambassador to the Islamic Republic of Iran Mauro CONCIATORI said that Italy is after safeguarding and maintaining economic ties with the Islamic Republic of Iran in sanctions period. Reported by HPMM Group according to MEHR NEWS ; He pointed to the economicand
Iran Mulling over Use of Crypto-Currencies to Evade US Sanctions
Reported by HPMM Group according to IRAN FRONT PAGE ; A senior Iranian lawmaker says digital currencies are among the major mechanisms which the Islamic Republic can use to evade the US sanctions, and the Parliament will soon discuss the issue.
Tax income increases 14% in a year
Reported by HPMM Group according to TEHRAN TIMES ; According to the latest data released by the Central Bank of Iran (CBI), tax income rose 14.1 percent during the last Iranian calendar year (March 2017- March 2018) to reach 1.15 quadrillion rials (about
Iranian bank gets green light to open branch in Mumbai
Reported by HPMM Group according to TEHRAN TIMES ; India has approved a proposal from Iran’s Bank Pasargad to open a branch in Mumbai, Indian Express reported on Saturday. This decision comes amid the U.S. announcing sanctions and asking other countries to minimize oil
“US, Allies Seeking to Destroy Iran by Sowing Public Dissatisfaction”
Iranian First Vice-President Es’haq Jahangiri says the US and its regional allies are seeking to destroy Iran and make the Iranian nation kneel down by creating public dissatisfaction in the Islamic Republic. Reported by HPMM Group according to IRAN FRONT PAGE ;
“Saudis Collected 3.5 Million Gold Coins from Iran Market”
Reported by HPMM Group according to IRAN FRONT PAGE ; An Iranian lawmaker claims the Saudis have sent agents to Iran to collect some 3.5 million gold coins from Iran and transfer them to Iraq in a bid to disrupt the Islamic
US to impose extra tariffs on $200b of Chinese imports
Food products made by Chinese companies Yinlu, Xufuji and San Xiao are displayed in this picture illustration taken on June 21, 2018. (Photo by Reuters) Washington says it has decided to impose 10 percent tariffs on an extra $200
Trade wars risk sparking mass currency devaluations
Rising global trade tensions are morphing into a conflict fought with currency devaluations that historically have proven even more important than tariffs in influencing economic growth and financial markets. If this trend continues, the ultimate impact will likely be negative
French firms seeking ways to continue cooperation with Tehran
Given the six-month deadline set by US president for the departure of foreign companies from Iran, currently, many major European firms, such as the French Renault Group, are seeking a way to remain in the Iranian market and continue cooperation
Stock market index gains 12,583 points in 55 days
Reported by HPMM Group according to TEHRAN TIMES ; Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 12,583 points to hit 108,872 points during 55 days since the beginning of current Iranian calendar year (March 21), Mehr news agency reported on Friday.
Empower a German ‘Iran Bank’ to save Iran’s nuclear deal
The prospect of securing major private-sector investments could offer Iran an incentive to uphold its side of the nuclear agreement despite Washington’s withdrawal. Laura von Daniels argues that a private German Iran Bank could do the trick. Reported by HPMM Group according
Tehran Establishes Coordination Commission to Counter US ‘Psychological Warfare’
Reported by HPMM Group according to ASHARQ AL-AWSAT ; Iranian President Hassan Rouhani, heading a high-level economic coordination meeting in the presence of parliamentarians and judges, decided on forming a joint committee to counter what Tehran labels as US propaganda and psychological
Senior Iranian officials meet to study economic issues
Reported by HPMM Group according to TEHRAN TIMES ; The Supreme Council for Economic Coordination convened on Tuesday to assess the country’s economic issues now that the United States has withdrawn from the international nuclear agreement and plans to reinstate sanctions
Oil minister says agreement at OPEC unlikely
Reported by HPMM Group according to MEHR NEWS ; Iranian Oil Minister Bijan Zanganeh has expressed doubt that the OPEC meeting in Vienna would conclude with consensus among the participating members, as Iran intends to veto Saudi Arabia’s proposal to increase oil
Construction of Iran’s longest freeway to be completed in 2 years
The construction of Iran’s longest freeway is planned to be completed within the next two years, according to the deputy director for construction and development in Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC). Reported by HPMM Group according to TEHRAN
