Monthly trade volume in IME hits over 26mn MT

During weekdays ending up to January 26,298,606 metric tons (MT) of commodities worth over 170.3 million USD were traded in Iran Mercantile Exchange. Reported by HPMM Group according to HER NEWS & According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of […]

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Iran, Georgia to solve transportation problems

Director General of the International Transit and Transportation Office of Road Maintenance and Road Transportation Organization on Sunday announced signing of an agreement to remove transportation problems facing Iran and Georgia. Reported by HPMM Group according to IRNA ;  The deal was inked on the sidelines of the Seventh Meeting of Iran-Georgia International Goods and […]

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Iran to Ditch US Dollar in Official Reports

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Iran will stop using the US dollar as its currency of choice in its financial and foreign exchange reports from the new fiscal year that begins in March, announced the governor of the Central Bank of Iran late Saturday. “Iran’s difficulties [in dealing] with the dollar […]

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Tejarat Bank Sues EU for Losses Incurred During Sanctions

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Tejarat Bank has filed a lawsuit at the European Court of Justice (ECJ), seeking compensation for the losses it incurred during the sanctions that targeted Iran’s nuclear program, the bank’s CEO said on Saturday. “Tejarat and many other Iranian banks suffered a great deal of direct […]

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Rouhani communicates Iran-Hungary cooperation agreement

President Hassan Rouhani on Saturday communicated the law on Iran-Hungary cooperation agreement for implementation by Finance Ministry. Reported by HPMM Group according to IRNA ;The law was approved by Majlis on November 15 and was endorsed by the Guardian Council one month later. The agreement consists one sole article, one Note and nine articles. As […]

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Tehran, Seoul ink urban planning MoU

Tehran Urban Planning & Research Center (TUPRC) and Korea Institute of Civil Engineering and Building Technology (KICT) have inked a joint cooperation agreement. Reported by HPMM Group according to MEHR NEWS ;The Memorandum of Understanding (MoU) pursues various objectives including exchange of know-how, research and specialty in the field of infrastructure as well as energy […]

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Iran, Europe Seek Further Economic Engagement

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Since the nuclear-related sanctions against Iran were lifted a year ago, several European companies have started negotiations to establish businesses in Iran’s diversified market. Stating the above, a report published by the Chinese official news agency Xinhua gave an overview of some of the promising deals. […]

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IFRS Conformity to Enhance Banks’ International Role

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Conforming to International Financial Reporting Standards will have immediate positive implications for attracting foreign investments and help Iranian banks on the international scene, believes an accounting expert. “IFRS plays a very important role in creating transparency and in the current state of the Iranian economy, wherein […]

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Iran Signs $3.2b FDI Agreements for Chabahar

Reported by HPMM Group according to FINANCIAL TRIBUNE ;International companies have signed agreements with Iranian businesses to invest $3.2 billion in Chabahar, as part of development projects of Makran Coast in southeastern Iran. “Seven major memorandums of understanding were signed with companies from India, Oman, China and South Korea,” CEO of Chabahar Free Zone Organization, […]

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Bunkering unit begins operation in Qeshm

The first phase of a bunkering facility came on stream in Salakh district of Qeshm Island in the Persian Gulf. Reported by HPMM Group according to  MEHR NEWS ; The facility to fill fuel containers of vessels was inaugurated in Qeshm at presence of Iranian Minister of Cooperatives, Labour and social welfare Ali Rabiei, Managing […]

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