Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iranian Foreign Minister Mohammad Javad Zarif on Monday invited Pakistan to participate in Chabahar’s seaport project and development of its link with Gwadar Port, as he sought to allay concerns in Pakistan over Indian involvement in the Iranian port. “We offered to participate in the China-Pakistan […]

The planned merger and acquisition would be a watershed event in reducing the influence of shadow banks and making the Iranian banking system more efficient Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Anew wave of mergers and acquisitions in Iran’s banking industry is aimed at creating bigger, stronger and more efficient banks, a […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran Stock Exchange’s main index gained 119.77 points or 0.12% to end Tuesday trade at 96,314.2. About 852 million shares valued at $43.28 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Offset […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Delegates from Iranian banks met with representatives of the European Banking Authority this week in Canary Wharf.  The regulators outlined the role and functions of EBA and discussed with delegates the European anti-money laundering framework and the supervisory standards of governance for banks, which are crucial […]

Non-oil trade between Iran and China amounted to $19.7 billion during the 11 months to Feb. 19, marking a $3 billion (18%) growth compared with last year’s $16.8 billion Reported by HPMM Group according to FINANCIAL TRIBUNE ;     From bilateral trade to finance contracts and civil projects, China arguably has the strongest presence in Iran […]

Although CBI had resorted to mergers and acquisitions in the past to bail out the victims of some bankrupt illegal credit institutions, Monday’s announcement is the first major regulatory decision for warding off another crisis Heydari tried to dispel rumors about the worrying situation of the whole banking system, saying that the problems of shadow […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The notion of Citizenship Rights Charter has been reiterated by President Hassan Rouhani in the past two years. It lists and explains 22 categories of the most rudimentary, while critical, rights of every Iranian citizen. The initial version was drafted in 2013 but it took until […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Tehran Stock Exchange’s main index gained 165.87 points or 0.17% to end Monday trade at 96,194.3. About 1.05 billion shares valued at $58.87 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. Behshahr […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Both foreign exchange and gold markets on Monday kicked off their rallies after days of relative calm, with major foreign exchange rates registering significant gains against Iran’s national currency. According to Tehran Gold and Jewelry Union, the US dollar suddenly gained as much as 7.5% or […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     After it was confirmed during President Hassan Rouhani’s recent trip to India that Iran’s Bank Pasargad, one of three banks seeking to open branches there, has finally received the green light, the bank has now said it is targeting multiple branches. “Bank Pasargad is considering the […]