Iran’s Fintech Association Launched

Iran’s Fintech Association Launched

Reported by HPMM Group according to FINANCIAL TRIBUNE ;A group of Iranian fintech companies has formed Iran’s Fintech Association, soon after the Central Bank of Iran put forward the idea. Nasser Hakimi, the director of CBI’s IT Department, had proposed that fintech firms create a forum to identify challenges, prepare key questions and contact the […]

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More Transparency Measures for Banks, Gov’t Entities

More Transparency Measures for Banks, Gov’t Entities

Members of parliament reviewed the expenses in the 2017-18 budget, passing a measure on Sunday, based on which all banks must conduct their business under the watchful eye of the Supreme Audit Court Reported by HPMM Group according to FINANCIAL TRIBUNE ;Lawmakers passed a measure on Sunday, based on which all banks must conduct their […]

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How to apply Margin Indexes in financial management?

How to apply Margin Indexes in financial management?

What are Margin Indexes? The Margin Indexes show the relationship between profit and sale level in a company and are generally calculated for two purposes:     Gross Margin Result: This index shows your net profit for every Dollar you make. Operating Margin Result This index is the most important member of Margin Indexes for […]

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‘Trump bound to extend JCPOA’

‘Trump bound to extend JCPOA’

Deputy Foreign Minister Araghchi has said Trump had no choice but to renew JCPOA. Reported by HPMM Group according to MEHR NEWS ;Addressing a conference on the Joint Comprehensive Plan of Action (JCPOA) and the Resistance Economy, Deputy Foreign Minister for International and Legal Affairs Seyyed Abbas Araghchi said “Donald Trump in currently evaluating the […]

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Iran ready to ship 100 bpd crude to S Africa

Iran ready to ship 100 bpd crude to S Africa

Oil Minister Zanganeh has voiced Iran’s readiness to deploy 100 thousand barrels of crude oil per day to South Africa as well as to purchase refinery shares there. Reported by HPMM Group according to MEHR NEWS ;Oil Minister Bijan Zanganeh made the remarks on the sidelines of a meeting with the visiting South African Energy […]

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Need to Address Concerns of foreign Investors

Need to Address Concerns of foreign Investors

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Many countries have dispatched economic delegations to explore the Iranian market after Iran’s nuclear agreement with world powers. Iran’s moderate forces—a coalition of progressive politicians, intellectuals and pragmatic conservatives, headed by President Hassan Rouhani, which advocates reintegrating Iran into the global market—are encouraging foreign partners and investors […]

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Norway’s GIEK Sees Iran Trade Opportunity

Norway’s GIEK Sees Iran Trade Opportunity

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Officials from Export Guarantee Fund of Iran and Norwegian Guarantee Institute for Export Credits (GIEK) discussed expansion of ties during a meeting held this week in Tehran. The Norwegian export credit agency aims to familiarize itself with Iran’s business ambiance in order to support Norwegian exports. “Several […]

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Banks Sepah’s Forex Transactions to Top $5b

Banks Sepah’s Forex Transactions to Top $5b

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Bank Sepah’s foreign exchange transactions have reached $4.2 billion and are expected to exceed $5 billion by the end of the fiscal year on March 20, said the CEO of Bank Sepah. “In terms of resources, Bank Sepah has been successful as its growth rate in the […]

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JCPOA paved path for boosting Iran-EU ties

JCPOA paved path for boosting Iran-EU ties

AEOI Spokesman Behrouz Kamalvandi, while pointing to EU’s effective role in the Iran’s historic nuclear deal, said the JCPOA formed a firm basis for further Iran-EU relations. Reported by HPMM Group according to MEHR NEWS ;Spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi made the remarks on Tuesday in Brussels while addressing […]

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Iran, Indonesia to Open Joint Bank Account

Iran, Indonesia to Open Joint Bank Account

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The establishment of a joint bank account between Iran and Indonesia will foster financial cooperation and facilitate bilateral transactions, said the Central Bank of Iran’s governor. Valiollah Seif made the statement during a meeting with Indonesia’s Coordinating Minister for Economic Affairs Darmin Nasution on Monday, CBI’s website […]

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