Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Chamber of Commerce, Industries, Mines and Agriculture, as a leading private sector entity, on Monday announced the annual Amin al-Zarb awards and decided to present the entrepreneurship excellence award to Foreign Minister Mohammad Javad Zarif in recognition of his instrumental role in achieving Iran’s nuclear […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Securities Depository of Iran issued 200 trading codes for foreign investors in 2017, the deputy head of CSDI, Fariba Akhavan, announced.The newcomers included 95 institutional and 105 non-institutional investors from regional countries and Europe, bringing the total number of foreign investors in Iran’s capital […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Monetary and Banking Research Institute, affiliated with the Central Bank of Iran, has in the works a new plan to exert constant supervision over the performance of banks in terms of information technology and communications, the head of research group at the institute said. “All […]
Revenues from VAT, tax on legal entities, income tax, wealth tax, tax on imports and tax on goods and services are expected to see an 8% rise, 2% decline, 13%, 18%, 32% and 11% growth respectively The VAT rate is expected to remain unchanged compared with the current year’s rate to stand at 9% Reported […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran will host a conference on development of Makran, a stretch of coast southeast of Iran emerging as a major naval base and commercial hub of maritime trade, the Iranian defense minister announced. Speaking to reporters on Saturday, Brigadier General Amir Hatami added that the major […]
Even as the scheme to levy taxes on bank deposit interest has many intrinsic advantages that have been proven in other countries, the Central Bank of Iran wants to postpone the scheme until after its banking reforms are implemented Major bank depositors boast a higher lobbying power and can transfer the tax pressure resulting from […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The entry of new banks in the housing sector–formerly monopolized by Bank Maskan–will foster competition and lower mortgage rates, a member of Majlis Development Commission said. “It is not right that a bank exclusively holds the right to allocate housing loans since it slows the process […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Banks need to work closely with financial technology firms, which would foster job growth, the head of the Association of Public-Sector Banks and CEO of Bank Melli Iran said. Mohammad Reza Hosseinzadeh added that since the activities of fintechs lead to new and specialized businesses, the […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Director General of Kish Free Zone Organization Ebrahim Ansari Lari reviewed economic and banking cooperation with Omani officials. In his two-day visit to Oman, Lari held meetings with Iran’s envoy to Muscat, officials of National Bank of Oman, Muscat Bank, Bank Dhofar and Alizz Islamic Bank, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; In line with the government’s measures for boosting transparency and fighting corruption, Minister of Economic Affairs and Finance Masoud Karbasian has obligated all the ministry’s agencies –including the eight state banks–to present quarterly reports. In a directive expected to be implemented immediately, Karbasian has called on […]
