Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Mellat Bank Yerevan, a subsidiary of Iran’s Bank Mellat, will open a new branch in Georgia by the end of the first half of the current Iranian year (Sept. 22), said Bank Mellat’s chief executive. “We have obtained the permission to establish a branch in Tbilisi […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Central Bank of Iran has denied any case of hacking in the domestic banking sector, saying that the banking network is strong enough to protect depositors’ money against cyber threats. “No harm is done, in spite of attempts to breach the security of the banking […]

Mechanical engineering in Iran is currently experiencing a strong upturn as the numerous planned projects, expansion investments and renewal of outdated industrial plants offer mechanical engineers huge opportunities Reported by HPMM Group according to FINANCIAL TRIBUNE ; The second edition of Germany’s specialized exhibition for machine tools and metalworking sector known as “AMB Iran” will be […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Saman Bank has become the first Iranian lender to receive training in Compliance and Financial Crime Prevention based on the International Compliance Association standards. This is the first time Iranian students have been able to undergo ICA training in Iran and marks a shift in the […]

Danieli Persia has the capacity to annually manufacture two induction furnaces, two electric arc furnaces, one lime kiln, two vacuum heat treatment furnaces and two heat treatment furnaces Danieli Group signed deals worth $6.2 billion with Iran during President Hassan Rouhani’s visit to Italy in January 2016 for cooperation in the steel and aluminum sectors […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;German investors received more than $2 billion in loans in 2016 to finance Iranian projects, but these have been held up for various reasons, an official of the German financial regulatory authority BaFin announced. “Iranian banks have been struggling with many challenges to reconnect to the global […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Canada-based Anglo American Exploration and University of British Columbia have started copper exploration operations in 22 mineral zones located in the Iranian provinces of East and West Azarbaijan, Ardebil and Zanjan, the head of explorations at National Iranian Copper Industries Company announced. Babak Babaei added that the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The implementation of the national scheme of moving all government accounts to the Central Bank of Iran will bring all the resources to a central treasury that the government can oversee, said the CBI governor. “Moving government accounts to CBI seeks two major goals. First is the […]

As Iran was mired in a deep recession following years of international sanctions, recovery has been underway but it has not been reflected in people’s lives Reported by HPMM Group according to FINANCIAL TRIBUNE ;Economy Minister Ali Tayyebnia said the effects of the country’s recent economic rebound will soon be felt more tangibly in the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;German banks will soon finance major Iranian projects, as bilateral banking relations expand, announced the head of financial institutions at the Euler Hermes insurance. According to Jan-Philipp Apking, “there is no limit” on banking interactions between the two countries. “Much efforts have been put so far in […]