Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran has released new guidelines for the way banks’ capital adequacy ratios are calculated. According to a circular published on CBI’s website on Saturday, the guidelines are based on the latest international standards both from the Basel Committee and Islamic Financial Services […]
US President Donald Trump may unravel Iran’s landmark nuclear accord with world powers on May 12 and that was the main talk of the day on the first day of the Sixth Iran-Europe Banking and Business Forum in Tehran on April 28 Reported by HPMM Group according to FINANCIAL TRIBUNE ; When top-level officials […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Minister of Information and Communications Technology Mohammad Javad Azari-Jahromi said on Saturday his ministry has prepared a preliminary prototype of the national virtual currency in collaboration with the Central Bank of Iran-affiliate Monetary and Banking Research Institute. Azari-Jahromi said Post Bank is also a party […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Iranian government is seeking to develop the domestic bond market under the Sixth Five-Year Development Plan (2017-22). It established the Debt Management Office in 2015, which compiled data on the government’s arrears and increased the size and pace of issuance of government securities to clear […]
The president made the remarks during a meeting with the country’s top business figures on Thursday which was the first such one-on-one talks since the administration unveiled striking new policies President Hassan Rouhani sought to assure the private sector of the long-term effects of the government’s new foreign exchange policy, saying the measures are aimed […]
Current talks regarding the €۲ billion worth of projects include Italian and Austrian investors in two steel billet plants, while Danish investors are seeking to build a copper mine. Early talks are also underway with Swiss investors to develop Mehdiabad, Iran’s foreign investment law, the Foreign Investment Promotion and Protection Act, offers protection against expropriation […]
Iran’s minister of communications and information technology has addressed the recent ban on cryptocurrency trade and efforts by the country to develop its own virtual currency. In a talk with IBENA, a news website affiliated with the Central Bank of Iran, published on Friday, ICT Minister Mohammad Javad Azari Jahromi linked the recent cryptocurrency trade […]
US prosecutors in New York have been investigating whether Chinese tech company Huawei violated US sanctions in relation to Iran, according to sources familiar with the situation. Since at least 2016, US authorities have been probing Huawei’s alleged shipping of US-origin products to Iran and other countries in violation of US export and sanctions laws, […]
The INSTC Friendship Motor Rally is set to be flagged off in Bandar Abbas on Sunday. The route forth from Bandar Abbas to St. Petersburg and the route back from St Petersburg to Chabahar cover 5,000 kilometers and 5,500 kilometers respectively INSTC is a major transit route designed to facilitate the transportation of goods from […]
MCC also approved an increase in the ceiling of individual subsidized loans allocated for the purpose of renovating and reinforcing rural residential units Iran’s highest financial decision-making body has approved further cuts in interest rates to make the most attractive home loans cheaper and more affordable. The entity also eased conditions for the renovation of […]
