Reported by HPMM Group according to FINANCIAL TRIBUNE;Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by clearly-stated regulations. “We [at the HCC] welcome Bitcoin, but we must have regulations for Bitcoin and […]
Reported by HPMM Group according to FINANCIAL TRIBUNE; Iran exported 298,204 tons of non-oil commodities worth $143.46 million to Russia during the seven months to Oct. 22, registering a 96.32% and 63.21% growth in volume and value respectively compared with last year’s corresponding period, Islamic Republic of Iran Customs Administration announced. This is while Iran’s […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The research arm of the Iranian Parliament has conducted a thorough study on the dire condition of Social Security Organization–the country’s largest pension fund–and offered short- and long-term roadmaps to steer the entity away from a full-blown crisis. The study conducted by Majlis Research Center notes […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Export Development Bank of Iran–the country’s exim bank–is to integrate its resources with funds from the country’s sovereign wealth fund to allocate them as loans to Iranian exporters, EDBI’s chief executive announced. Ali Salehabadi added that the National Development Fund of Iran has assigned a significant […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; BGF Retail Company, the operator of South Korea’s largest convenience store chain CU, said on Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience store operator. The launch of the store in Tehran came about four months after […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Boosting banking relations with Britain is a top priority of Trade Promotion Organization of Iran, as it will facilitate transactions between the two countries’ companies, the organization’s director of Europe and Americas Department announced. “Iranian banks only have two or three active banking branches in Britain, […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Afew days after a 7.3-magnitude earthquake shook the western province of Kermanshah and the regions bordering Iraq, the president of the Central Insurance of Iran renewed his call about the necessity of establishing a natural disasters insurance fund. “It is natural that during the first days […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The first Iran-Luxembourg Forum opened on Wednesday and hosted Iranian and Luxembourg-based businesses keen on promoting bilateral trade. Luxembourg, reeling from recently introduced rules on banking transparency laws that were enforced by the European Union, is now looking for alternative investable projects. Making use of the […]
The first Iranian bank branch in Bavaria will be established early next year and hopefully with the opening of our next branch in Austria, all our trade issues rooted in banking relations will be resolved Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iranian banks are expected to open their first branches in Munich […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; With the support of the Information and Communications Technology Committee affiliated with the vice presidency for science and technoogy, Iran’s biggest bank has clinched a deal with one of the nation’s top universities to establish a startup accelerator center. Bank Melli Iran’s seed accelerator, which will […]
