Reported by HPMM Group according to IRNA ; Iran’s Presidential Chief of Staff Mohammad Nahavandian arrived in Zurich, Switzerland, late on Wednesday to discuss banking relations with senior Swiss officials. While in the country, Nahavandian is to hold talks with President Johann Schneider-Ammann and Swiss bankers on ways to promote Tehran-Bern banking relations and financial […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; The government has approved changing Iran’s monetary unit from rial to toman, which will lop off one zero from the current national currency rial. The decision was made when ratifying the Central Bank of Iran’s bill during the Cabinet meeting on Wednesday, which was presided by President […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; the Central Bank of Iran’s grand plan to overhaul its financial oversight regime is almost complete and will be unveiled soon, announced the bank’s governor. “The plan to overhaul CBI’s financial regulation practices will be completed by the end of the current month (December 20),” Valiollah Seif […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; the new type of financial statements adopted by the Central Bank of Iran has done nothing to cause Iranian banks’ profit woes, says the director of CBI’s Department for Supervising Banks and Credit Institutions. “The financial statements considered by the CBI have not made the banks suffer […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Governor of the Central Bank of Iran has underlined the role of petrochemical companies in balancing the foreign exchange market, urging them to maximize discipline and efforts to better stabilize a volatile market. “Unlike what some say about the performance of the petrochemical units and their role […]
Reported by HPMM Group according to MEHR NWES; Deputy oil minister said Iran and China will jointly launch a three-billion-dollar oil project today to develop and optimize Abadan Refinery. Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi, while expounding on the first major agreement between Iran and China in the […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Tehran is hosting the 10th International Flour and Bakery Industry Exhibition, otherwise known as IBEX 2016, in which representatives from nearly 200 Iranian and 60 foreign companies are participating. Companies from Germany, Turkey, Greece, Italy, France, South Korea, Poland, Sweden, Czech Republic, Belgium, Switzerland, Russia, Lebanon, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Tehran Stock Exchange’s main index gained 749.30 points or 0.94% to end Tuesday trade at 80,830.5. More than 1.2 billion shares valued at $87.2 million changed hands for the day. Bama Mining and Industrial Company was the biggest riser, going up 6.95% to 7,340 rials per share. […]
Reported by HPMM Group according to TEHRAN TIMES and IRNA ; Iranian Finance and Economic Affairs Minister Ali Tayyebnia said Iran welcomes foreign investment and offers investors with a variety of incentives. Speaking at the 20th general meeting and conference of Asia-Pacific Central Securities Depository Group (ACG20) in Tehran on Tuesday, the minister explained some […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; the Oil Ministry has approved a proposal by the Industrial and Commercial Bank of China for financing the development of Mehran Petrochemical Complex in Ilam Province, said a local official hoping for the quick implementation of the plan. “An estimated 41 trillion rials ($1.27 billion at the […]