Reported by HPMM Group according to FINANCIAL TRIBUNE ;  A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran’s deputy for foreign exchange affairs announced. “These banks will be able to open branches in the country when CBI issues licenses after they have submitted the necessary […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The Central Bank of Iran has played a significant and effective role in implementing Basel II and III standards in the banking system, a board member of Bank Maskan said. “When the banks reach the required standards, they would be able to benefit from the international […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Economic relations between Iran and Japan will enter a new phase after a planned $10 billion credit line is opened, said a senior assistant to the dean of Asian Development Bank Institute in Japan.”Three Japanese big banks, namely the Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Bank […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Ancient Persians would have cheered the commissioning by Iranian President Hassan Rouhani and Azerbaijani President Ilham Aliyev in March of a new railroad connecting their countries. The Persian ancestors were able to rule over much of West Asia in part because they understood the strategic importance […]

    Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The final feasibility report on bauxite extraction in Guinea-Conakry was approved by Iranian and Guinean officials in Tehran on Tuesday. Meeting at Iranian Mines and Mining Industries Development and Renovation Organization’s headquarters in the Iranian capital, IMIDRO Chairman Mehdi Karbasian and Guinea’s Minister of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Austria intends to expand business ties with Iran, therefore the European country endeavors to normalize banking relations between the two countries, the Austrian ambassador to Iran said. “A number of Austrian banks are already active in Iran, but easing mutual trade and financing investment projects need […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; The importance of Iranian banks’ foreign branches is not negligible, therefore their number ought to increase in order to provide better services to Iranian traders, the head of Iran’s Monetary and Banking Research Institute announced.”We realized the ecessity of foreign branches when top international banks refused […]

Spain is looking to create a framework to accelerate the process of establishing a link between Spanish and Iranian firms to develop collaborations in finance, investment and exports Spanish banks have expressed readiness to guarantee deals in the petrochemical industry of Iran and in the near future, finance and business ties through Spanish lenders and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; China Export & Credit Insurance Corporation (commonly known as Sinosure) will provide export insurance for Chinese construction and production investments in Iran. According to the Central Bank of Iran’s website, vice president and a member of the Party Committee of the Chinese Insurance Corporation, Weimin Zha, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   An economic delegation from South Africa will take part in a forum with their Iranian counterparts in Tehran on May 14. Economic players in the fields of oil and gas, chemicals, detergents, processed food, airplane electronic equipment, steel, construction, water and wastewater treatment equipment, chicken, ostrich, […]