IMF Sums Up Assessment of Iran’s Economic Status Quo

IMF Sums Up Assessment of Iran’s Economic Status Quo

Real GDP growth is expected to ease to 4% in 2018-19, as oil production stabilizes in line with Iran’s OPEC cap, and is forecast to average 4.5% over the medium-term, while Inflation is expected to be contained around 12% in 2018-19  Reported by HPMM Group according to FINANCIAL TRIBUNE ; The International Monetary Fund’s Executive […]

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TEDPIX Up 0.35 Percent

TEDPIX Up 0.35 Percent

 Reported by HPMM Group according to FINANCIAL TRIBUNE ;Tehran Stock Exchange’s main index gained 342.24 points or 0.35% to end Wednesday trade (last trading day on March 28) at 96,938.88. About 721 million shares valued at $26 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday […]

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Global Trade Surpasses World Economic Growth

Global Trade Surpasses World Economic Growth

Trade continues to grow in 2018 as the number of shipping containers processed monthly worldwide rose 1.9% on the month in January Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The volume of global trade grew faster than the world economy in 2017 for the first time in six years, as rising demand for […]

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OECD Finds No Consensus on Interim E-Commerce Taxes

OECD Finds No Consensus on Interim E-Commerce Taxes

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Organization for Economic Cooperation and Development’s highly anticipated interim report on taxation in the digital economy, released Friday, delivered few answers, admitting a wide gulf between countries on the vexing issues of how to track and tax value in an online, cloud-based economy. The OECD […]

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Tehran Among World’s Least Expensive Cities

Tehran Among World’s Least Expensive Cities

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran is among the least expensive cities in the world to live in, according to the latest findings of the Worldwide Cost of Living Survey 2018 by The Economist Intelligence Unit. The survey, which compares the price of over 150 items in 133 cities, found the […]

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Iran, Oman Eye Joint Bank Card Switch

Iran, Oman Eye Joint Bank Card Switch

High-level officials of Iran and Oman have welcomed the prospects of boosting banking cooperation during their latest meeting in Tehran Iran is ready to connect the bank card switches of the two countries and prepare the grounds for offering services to the tourists of both countries Reported by HPMM Group according to FINANCIAL TRIBUNE ;    […]

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Iranian Banking Sector Awaits Full JCPOA Benefits

Iranian Banking Sector Awaits Full JCPOA Benefits

We received many benefits from JCPOA, but we did not receive the full benefits. Just as we are completely committed to JCPOA, we also expect to receive its benefits in the full Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran’s Deputy Foreign Minister Abbas Araqchi addressed various aspects of benefits resulting from the […]

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Forex Deposit Rules Updated

Forex Deposit Rules Updated

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The latest update of regulations concerning foreign currency deposits in banks has been released by the Central Bank of Iran, according to which banks are required to return the original amount of the deposit plus its interest in hard currency to the customer upon demand. The […]

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Indian Cabinet Clears Tax Treaty With Iran

Indian Cabinet Clears Tax Treaty With Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The Indian Cabinet on Wednesday cleared a double taxation avoidance agreement between India and Iran, which will promote investment flow and curb tax evasion. The agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income between India […]

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New Trade Corridors to Connect Asia, Europe

New Trade Corridors to Connect Asia, Europe

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The foreign ministers of Turkey, Azerbaijan, Georgia and Iran signed an agreement on projects to create a transportation and transit corridor between the Indian Ocean and Europe in Baku on March 15. “We have agreed to form a new transportation corridor from the South toward the […]

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