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 […]

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 […]