Reported by HPMM Group according to FINANCIAL TRIBUNE; A joint bank between Iran and Pakistan will be established and become operational before the current fiscal year is out, announced Iran’s ambassador to the South Asian country. “Considering a round of preliminary negotiations between the two countries, the joint bank between Tehran and Islamabad will become […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Winners of the Nourbakhsh Banking Innovation Awards were announced during the closing ceremony of the Sixth Conference on E-Banking and Payment Systems in Tehran on Tuesday. Mohsen Nourbakhsh (1948-2003) was a two-term governor of the Central Bank of Iran (1981–۸۶ and 1994–۲۰۰۳). He was also Iran’s minister […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; With renewed confidence in the economy and a lower inflationary environment, consumption is expected to grow at an average of 3.5% over 2016-18 World Bank Group in its latest analysis of Iran’s economy has forecast Iran’s economy to grow at an annual average rate of 4.5% in […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; The Central Bank of Iran is determined to create an appropriate environment for the operation of fintech companies, the director of CBI’s Department for Information Technology said. “Value creation is in the nature of fintech services … It’s better for developers of financial technologies to change their […]
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 […]