Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index added 779.57 points or 0.81% on Monday compared to the day before to end trade at 97,120.8. About 1.04 billion shares valued at $36.55 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]
The bank’s customers can apply for using the resources of the refinance credit line by adhering to the regulations of opening import letters of credit and other announced criteria Reported by HPMM Group according to FINANCIAL TRIBUNE ; Following the signing of a short-term refinance deal, the Europaisch-Iranische Handelsbank AG has allocated a €۳۰ million […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Bank Melli Iran’s investment arm, Tosee Melli Group Investment Company, is planning to continue its downsizing efforts, which started last year, by selling stakes in six of its assets in the new fiscal year (started March 21), TGMIC’s investment manager, Abbas Naeemi, announced. The sales include […]
Expanding Asia’s internal markets is very crucial to sustain the further growth of the global value chain and provide new momentum to the global trade growth Reported by HPMM Group according to FINANCIAL TRIBUNE ; The anti-globalization sentiment that originated from the West continues to spread over the world, and is challenging Asian economic integration, […]
The country’s GEI score of 26.8% marks the fifth biggest gain globally compared with last year’s 22.1% Reported by HPMM Group according to FINANCIAL TRIBUNE ; The 2018 edition of Global Entrepreneurship Index, a composite indicator of the health of entrepreneurship ecosystem, has ranked Iran 72nd out of a total list of 137 countries […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The process initiated by Iran, Russia and Turkey in Sochi on Nov. 22 was the beginning of a collaboration that will pave the way for regional economic opportunities and change the future of Eurasia. The indispensable New Silk Road project, the Tehran-Istanbul-Moscow line, in relation to […]
At the behest of Industries Minister Mohammad Shariatmadari, his deputy Hassan Younes Sinaki has recently proposed new formulas for calculating the base price of steel, copper and aluminum at Iran Mercantile Exchange The rationale for the new pricing mechanisms is that steel, copper and aluminum producers’ production costs are largely independent of foreign currency […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran allocated $48 billion in hard currency for imports during the last fiscal year that ended on March 20, 2018, according to its governor, who put it down to new openings in banking ties with other countries. “CBI allocated $48 billion […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s misery index decreased from 41.6 in the fiscal March 2012-13 to 19.3 in 2016-17, indicating a 53% improvement over the years, an official report by the Ministry of Cooperatives, Labor and Social Welfare reads. An increasing index means a worsening economic climate for an economy, […]
The criticism of CBI’s performance grew louder after the sudden jump in forex rates in the early days of the current Iranian year (started March 21) Reported by HPMM Group according to FINANCIAL TRIBUNE ; With the US dollar’s exchange rate remaining above the psychological threshold of 50,000 rials in Tehran’s market, lawmakers frustrated with […]
