The US is playing a ‘dangerous game’ by slapping tariffs on European steel and aluminum, the European Union’s trade commissioner has said. Reported by HPMM Group according to IRAN Daily  ;  Cecilia Malmstrom warned the move by US President Donald Trump would have consequences for the economic recovery of the EU, as well as US consumers, according to […]

Germany is fully ready to grow cooperation with Tehran metropolis in the technology realm, said German ambassador to Iran Michael Klor-Berchtold on Friday.  Reported by HPMM Group according to IRAN  NWES   ;  Making the remarks in a meeting with Tehran City Council Chairman Mohsen Hashemi, German ambassador highlighted that there are numerous grounds for cooperation between Germany and […]

   Reported by HPMM Group according to MEHR NWES AGENCY  ;  Deputy Minister of Industry, Mine and Trade Mehdi Karbassian said, “China accounts for 50% share in the world in terms of production and business of minerals and is a proper choice for being replaced with the companies that breached their promise within the framework of Joint […]

Iranian Oil Minister Bijan Namdar Zanganeh has sent a letter to OPEC President Suhail Mohammed Al Marzouei calling for the organization’s support for members targeted by sanctions, Shana reported on Thursday. Reported by HPMM Group according to IRAN NWES  ;    In the letter, Zanganeh asked Mazrouei to include a separate agenda item for the June OPEC meeting […]

Around 1,000 German Mittelstand firms have business ties to Iran and 130 firms have set up branches in Iran Patrizia Melfi, director of the international competence center for six regional Volksbanken that have specialized in transactions with difficult countries, said they would continue to process transactions from Iran Reported by HPMM Group according to FINANCIAL TRIBUNE ;   […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Chairman of Majlis Economic Commission said on Tuesday a parliamentary measure to manage the foreign exchange market is still on the agenda, but lawmakers are giving the government more time to see whether its measures will prove effective. “Our proposal for stabilizing the forex market hasn’t been killed […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The EU has announced its intention to protect European businesses that wish to continue dealing with Iran by updating its “Blocking Regulation” before August 6, 2018, when the first tranche of US secondary sanctions are reactivated. The Blocking Regulation is designed to counteract the effects of extraterritorial secondary […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Volksbanken, from southern Germany appear unafraid and are continuing to provide trade finance to the country. Patrizia Melfi, the head of the International Competence Center that was set up by […]

  Reported by HPMM Group according to FINANCIAL TRIBUNE ;The United States’ pullout from the Joint Comprehensive Plan of Action, as the Iran deal is formally known, does not seem to be a matter of big concern for the most cited Iranian economist in the world, Mohammad Hashem Pesaran. He believes the withdrawal from the 2015 agreement […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Central Bank of Iran on Sunday officially condemned the sanctioning of its governor and one of its former officials by the US as a move showing “contempt for international norms”. “The move by the US Treasury, which was completely unprofessional and unconventional, is an indicator of the contempt […]