An alternative notion emerged when the chief executive of banks–both private and public–gathered for their yearend shindig this week, the main theme of which was the number of banks’ physical branches The momentum to reduce the number of banks gained more traction after the collapse of several major institutions froze the savings of hundreds of […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; High-level executives with Bank Melli Iran and France’s Banque Delubac met on Wednesday in Tehran to discuss a potential restoration of relations that were cut off after Iran was slapped with financial sanctions. Barat Karimi, a board member of Iran’s biggest bank BMI, conferred with Denis […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran has allowed lenders to issue guarantees for Iranian businesses planning to invest in Oman or those who seek to take out loans from Omani banks, the head of Iran-Oman Chamber of Commerce announced. “Iranian investors were not able to put their […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran has released its latest data on the country’s interbank market, indicating that it has registered growth both in terms of the number and value of deals. According to the report published on its official website, 34,859 deals were made between banks […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran National Pavilion has been launched in the Shanghai Free Trade Zone for increasing exports of goods and services, and attracting foreign investment. According to Ali Dehqani, Iran’s commercial attaché to Shanghai, the business center offers services both online and in person, IRNA reported. The center […]
Japan is the first country to legitimately regulate cryptocurrency, as it passed legislation last year requiring digital currency exchanges be registered and subject themselves to inspection Reported by HPMM Group according to FINANCIAL TRIBUNE ; While the central banks of some countries are hoping to be a part of the virtual currency revolution, the Bank […]
Iran’s gross domestic product stood at 5.6 quadrillion rials ($116 billion) in the nine months, including the oil sector, and 4.16 quadrillion rials ($86 billion), excluding it (based on the fiscal 2011-12 prices) Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s economy grew by 4.4% in the first three quarters of the current […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Azerbaijan and Iran are planning to sign a credit agreement in late March for Azerbaijan to finance the construction of Rasht-Astara Railroad, Azerbaijan’s Economy Minister Shahin Mustafayev told reporters in Tehran. The minister noted that the agreement will be signed during the visit of Iranian President […]
According to CBI’s website on Wednesday, of the 1,061 entities included in the scheme, 888 of them have opened an account with the monetary regulator The CBI noted that as part of the new measures, not only the salaries of government employees are remunerated through the central bank, but also the account of the Organization […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s International Property Rights Index score increased by 0.28 compared with 2016 to stand at 4.52 (out of 10) for 2017. The country ranked 99th out of 127 countries under study, showing no change compared with the previous year, according to a report released by Property […]
