Reported by HPMM Group according to FINANCIAL TRIBUNE  ;The much-anticipated plan to integrate the payment systems of Iran and Russia is now in sight, with top officials from Iran and Russia agreeing in Moscow to implement it as early as November. The delegations agreed that the integration of the two countries’ bank card systems, which […]

  Reported by HPMM Group according to FINANCIAL TRIBUNE  ;In view of the scale of Chinese finance coming from Iran, China’s Ambassador to Iran Pang Sen and Governor of the Central Bank of Iran Valiollah Seif in a meeting on Wednesday emphasized the importance of improving correspondent relations between Iranian and Chinese banks. “China is […]

Reported by HPMM Group according to FINANCIAL TRIBUNE  ;Iran and Pakistan’s biggest lenders are interested in opening branches in each other’s country, which was announced in a meeting between the governor of the Central Bank of Iran and the Pakistani ambassador to Iran. “Pakistani lenders, especially HBL Pakistan, are interested in opening branches in Iran. […]

Reported by HPMM Group according to MEHR NWES ; Head of Iran’s TPO said Iran exported agricultural machinery worth six million dollars in the first quarter of present Iranian calendar year (began March 21). Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrowtaj emphasized the important role of development in the country’s machinery industry stating […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran Chamber of Commerce, Industries, Mines and Agriculture has published a report explaining the impact of foreign exchange fluctuations on imports of raw materials, capital goods and consumer goods. As the report declares, if a country imports large volumes of raw materials at regular intervals, it […]

Two clauses of the annual budget which deal with backing job creation through financial support will be implemented as per a new central bank directive Reported by HPMM Group according to FINANCIAL TRIBUNE  ; The Central Bank of Iran has notified an executive directive to seven banks for allocating a major portion of their annual […]

Reported by HPMM Group according to FINANCIAL TRIBUNE  ; Bank Melli Iran, the nation’s biggest bank, has made significant headways in conforming to International Financial Reporting Standards, its chief executive said. “Bank Melli’s disclosure of information conforms to 80% of IFRS, the implementation of which is ongoing in the Iranian banking system under the supervision […]

Iran is one of the emerging markets where locally created value and cash repatriation to the investor’s home country suffers the lowest taxation Reported by HPMM Group according to FINANCIAL TRIBUNE  ; Every week, press updates confirm the growing commercial interest of first class international groups in entering the Iranian market-whether it’s the US green […]

Reported by HPMM Group according to FINANCIAL TRIBUNE  ; Pakistan is serious about its preferential and free trade agreement with Iran, in the quest of an elusive exponential increase in exports. Pakistani policymakers hope for significant jumps in foreign trade, especially exports, as they enter round after round of negotiations with their international trading partners. […]

Reported by HPMM Group according to FINANCIAL TRIBUNE  ; Canada will provide $100 million in finance for a deal between Montreal-based multinational aerospace and transportation company, Bombardier Inc., and Iran’s Qeshm Free Zone Organization for purchasing 10 passenger planes, the FTZ’s chief executive, Hamidreza Momeni, has said. The free zone is planning to launch a […]