Reported by HPMM Group according to FINANCIAL TRIBUNE; Tejarat Bank has established relations with 60 foreign banks since the lifting of sanctions in January, said Ali Mehrpour the bank’s director for international affairs. He added that talks are underway with 40 other international banks. Italy’s UBI, Banca Popolare di Vicenza, the major Finnish bank OP, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Tehran Stock Exchange’s main index gained 155.80 points or 0.2% to end Saturday trade at 79,541.4. More than 735 million shares valued at $78.3 million changed hands for the day. Iran Faravari mining Company was the biggest riser, going up 5% to 9,054 rials per share. Abadgaran […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; the rising trend in steel pricing in Iran stopped last week, with some prices slipping back as hard currency prices strengthened. Some local sellers tried to raise prices but weak demand stifled the attempt, Metal Bulletin reported. In the free currency market, $1 fetched 37,300 rials on […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; The 2nd ‘Iran Mines and Mining Industries Summit: Development and Investment’, otherwise known as IMIS, is scheduled to be held in Tehran December 10-11. Top government officials, including Minister of Industries, Mining and Trade Mohammadreza Nematzadeh, head of the Iranian Mines and Mining Industries Development and Renovation […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; the US Treasury has reassured Brazilian banks they can finance trade with Iran without fear of sanctions, opening the way to billions of dollars in potential exports of jet planes, buses and equipment, a senior Brazilian official said on Wednesday. Sanctions on non-US entities doing business with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Saman Bank and DF Deutsche Forfait Group signed an MoU to cooperate in trade financing. The collaboration primarily covers the supply of financing solutions for the exchange of goods between German and international exporters and their Iranian trading partners. The two companies will also offer consulting services to […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; The rate of the US dollar to the rial is unlikely to reach 38,000 rials, said Hamid Zaman Zadeh, director of research department at Banking and Monetary Institute, affiliated to the Central Bank of Iran. “Currently, the market is not in a crisis and no volatility is […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Under the new circumstances and after secondary sanctions were lifted, it is now possible for all kinds of banking operations between Iranian and international banks to be carried out without limitations or concerns Officials from the Central Bank of Iran and the National Bank of Ukraine met […]
Italy’s Economic Development Minister Carlo Calenda has vowed to support upcoming business deals with Iran. He called for closer ties between Iran and European countries, and hailed the Islamic Republic as an influential player in the regional issues and the global market. Reported by HPMM Group according to Press Tv; Calenda added that he would be […]
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in Italy on Tuesday to attend the opening of Iran’s exclusive exhibition dubbed “Iran Country Presentation” in Rome. The exhibition, which is organized in cooperation with Iran’s International Exhibitions Company, Iran’s Embassy in Italy and the Italian Embassy in Iran, will run through November 26. […]