Reported by HPMM Group according to FINANCIAL TRIBUNE ; After a lengthy negotiation, the Renault Group finalized a contract for a joint venture with Iranian carmakers on August 7. According to the terms of the contract, 60% of the shares of the company created will be held by Renault, as the Iranian state company IDRO […]
International flights, including Air France, KLM, British Airways and Lufthansa, resumed services in Iran after the removal of sanctions against the country over its nuclear program Many airlines have established new routes to and from Iran since the removal of sanctions, including Thailand’s Thai Airways, Kazakhstan’s Air Astana and Malaysia’s AirAsia Reported by HPMM Group […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran is in dire need of foreign finance after years of hard-hitting sanctions and more than glad to wrap up deals worth $40 billion negotiated or agreed upon in the post-sanctions era. Major negotiations have been held with Italy, Japan and Norway among many others, but […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; C apital Intelligence Ratings, the international credit rating agency, has released its ratings for two Iranian private insurance firms, revising one insurer’s outlook to “positive” and giving a first-time rating to another. The firm announced that it has assigned Long- and Short-Term Insurer Financial Strength Ratings […]
In a disagreement over who gets to set financial reporting standards for banks and credit institutions, the research arm of the parliament has ruled in favor of the Central Bank of Iran legal ambiguities must be resolved and the central bank must be introduced as the legal entity for devising financial reporting standards for banks […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; T he Central Bank of Iran has finally stepped in and put a stop to the trading of the so-called Sakhab bonds by banks and delegated them to the Securities and Exchange Organization. Sakhab is one of the many types of debt securities issued by […]
Iran’s exports to EU exceeded $5 billion, indicating a 227% rise, as the country imported €۴٫۹۴ billion worth of commodities, recording a 38.5% rise year-on-year Italy was Iran’s biggest trade partner, as it imported €۱٫۵۴ billion worth of Iranian goods and exported €۸۴۹٫۶ million Reported by HPMM Group according to FINANCIAL TRIBUNE ; I ran’s […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The framework agreement for the previously agreed upon South Korean finance for Iranian projects has been signed between the heads of the Export Development Bank of Iran and the Korea Export–Import Bank (Kexim). A top-tier Iranian economic delegation led by deputy economy minister and the head […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; I ran’s Bank of Industry and Mine has set up correspondent relations with 82 banks from 33 countries in the last Iranian year (ended March 20, 2017), the bank’s deputy for international affairs announced. “In light of BIM’s professional approach toward international affairs, the bank has […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Addressing the first Cabinet session of his new term on Sunday, President Rouhani referred to job creation as “the first duty of the new administration” and called on all executive bodies of the government to come up with special plans to tackle unemploym The Ministry of […]
