Iranian Exports to Nigeria Up 69%

Iranian Exports to Nigeria Up 69%

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  I ran exported close to $3 million worth of goods to Nigeria during the first four months of the current Iranian year (March 21-July 22), registering a 69% increase compared with the corresponding period of last year, Mahmoud Haji-Yousefipour, an official with the Trade Promotion Organization […]

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Tehran to Host 1st Int’l Halal Confab in December

Tehran to Host 1st Int’l Halal Confab in December

Reported by HPMM Group according to FINANCIAL TRIBUNE ; T he First International Halal Conference is scheduled to be held from December 4 to 7 in Tehran under the theme of “Halal Orientation: The New Global Trend”, the international affairs deputy with Iran Chamber of Commerce, Industries, Mines and Agriculture said. Mohammad Reza Karbasian added […]

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Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates

Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates

Reported by HPMM Group according to FINANCIAL TRIBUNE ; M ohammad Shariatmadari, industries, mining and trade minister-designate, has pledged to lower banks’ interest rates and overhaul the current system of determining foreign exchange rates to support industries and exports. “Domestic industries will not be able to continue their activities when banks’ interest rates stand at […]

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Foreign Investment to Help Remedy Recession, Inflation

Foreign Investment to Help Remedy Recession, Inflation

Reported by HPMM Group according to FINANCIAL TRIBUNE ; I ranian President Hassan Rouhani, who is beginning his second term after an overwhelming electoral victory in May, has promised to fix the economy but one huge obstacle stands in his way: deep recession. The moderate president should maintain a delicate balance in his economic policies, […]

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MANN+HUMMEL Opens Tehran Office

MANN+HUMMEL Opens Tehran Office

Reported by HPMM Group according to FINANCIAL TRIBUNE ; G erman manufacturing company and leading global filtration specialist, MANN+HUMMEL, opened an office in Tehran and for the first time has its own representation in Iran. After the economic sanctions against Iran were relaxed last year, the company recognized the potential of Iranian market, reads a […]

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Amid Tensions With America, Businesses Flock to Iran

Amid Tensions With America, Businesses Flock to Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ; R ight now, the US is doing the rest of the world a big favor by locking itself out of one of the largest and more attractive pre-frontier markets: Iran. Most of the world is clamoring to do business with the country. But for the US, […]

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Iran’s National Business Environment Index Improves

Iran’s National Business Environment Index Improves

Reported by HPMM Group according to FINANCIAL TRIBUNE ; I ran’s National Business Environment Index in last winter (Dec. 21, 2016-March 20, 2017) stood at 5.83, registering a 0.03 unit or 0.6% improvement compared with autumn (Sept. 23-Dec. 20,2016), according to a recent report published by Iran Chamber of Commerce, Industries, Mines and Agriculture. The […]

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Iran Says WTO Accession No More a Priority

Iran Says WTO Accession No More a Priority

Reported by HPMM Group according to FINANCIAL TRIBUNE ; J oining World Trade Organization is no longer a priority for the country—marking a change in approach since the signing of the nuclear deal between Tehran and world powers in July 2015—amid US President Donald Trump’s hostile Iran policy. “Our priority is now to increase cooperation […]

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Rouhani Sends Banking Reform Bills to Parliament

Rouhani Sends Banking Reform Bills to Parliament

The bills have had a rocky journey on their way to the parliament and underwent many reviews and revisions before finally been approved by the Cabinet on July 23 Reported by HPMM Group according to FINANCIAL TRIBUNE ; F ollowing an approval by the Cabinet and a presidential endorsement, the twin bills devised by the […]

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Banking Reforms Get a Second Wind

Banking Reforms Get a Second Wind

Reported by HPMM Group according to FINANCIAL TRIBUNE ; T he Iranian banking system has been combating a variety of serious problems such as a crippling credit crunch, sky-high non-performing loans and a lower share of the money market caused by the activities of shadow banks. In his address to the parliament in defense of […]

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