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First Iranian English Economic Daily financialtribune.com twitter.com/fintribune Contacts, ads: @FTD_ADS_Bot Print subscription: +982142710123 Digital subscription: financialtribune.com/subscription-plans
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new measures to make home loans more appealing to first-time homebuyers, as it seeks to lift the key housing sector out of the doldrums after enduring a period of negligence over the past four years. Read More
Iran: Dispute Over IFRS Compliance Resolved
Report
Minister of Economic Affairs and Finance Masoud Karbasian and Governor of the Central Bank of Iran Valiollah Seif have jointly signed a directive regarding bank balance sheets that could finally end a two-year dispute between the CBI and Audit Organization of Iran over who gets to set financial reporting standards for lenders.
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Iran petrochemical output is expected to reach $40 billion per year by 2022 goo.gl/g4Xm6j
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iPhone 8 Arrives in Tehran
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Unwanted Mehr Housing Units to Be Repurposed
With the aim of bringing to a close the protracted and controversial Mehr Housing Project by the end of the current Iranian year (March 20, 2018), a considerable number of unwanted residential units will be used for charitable and social purposes, the deputy roads minister responsible for managing the scheme announced. Read More
SCI Puts Inflation at 8% goo.gl/DqZZbv
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Zanganeh: Iran Will Not Accept New Crude Cuts goo.gl/uVtqZG
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Irancell, Ericsson Test 5G Systems
Report
Iran’s second largest mobile operator, MTN Irancell, and Sweden’s Ericsson jointly conducted a test of 5G connection in Tehran over the weekend.
The transmission systems — which were as big as two conventional washing machines — were provided by Ericsson. Read More
Tehran Stock Exchange Gauge Ends H1 10.77% Higher (+Charts) goo.gl/T231yW
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Iranian, Croatian Bankers Discuss Trade Hurdles
Representatives of three Iranian banks met with their Croatian counterparts on Wednesday to discuss banking hurdles on the way of trade ties and ways of overcoming them.
The delegation from Bank Sepah, Bank Pasargad and Bank of Industry and Mine, including a member of parliament and 30 members of Iran Chamber of Commerce, Industries, Mines and Agriculture active in the fields of construction, food, energy, banking, carpet and textile, travelled to Zagreb. Read More
Iran, Austria Banks Finalize €1 Billion Finance Deal goo.gl/UXiZhZ
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United Nations General Assembly:
7th and 8th Plenary Meetings
bit.ly/UNGA-72
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Britain's Quercus to Invest $600m in Iran Solar Project goo.gl/NgLzkf
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US Will Pay High Cost If It Quits Nuclear Deal goo.gl/URTpct
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KSC Boasts 51 Percent Growth in H1 Sales Value
Iran’s largest steel exporter Khouzestan Steel Company recorded a robust growth in its sales value for the first half of the current fiscal year (March 21-Sept. 22), marking a rise of 51.04% to reach 30.4 trillion rials ($781.1 million).
The steelmaker sold a total of 2.02 million tons of slabs, blooms and billets during the six-month period to post a 16.34% year-on-year rise in tonnage, according to the latest data published on Tehran Stock Exchange. Bloom and billet sales made up 1.32 million tons of the figure and slab sales amounted to 697,193 tons. Read More
Check out the current and upcoming #art events in #Tehran financialtribune.com/iran-art-culture-news
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#BRICS Member Countries Upgrade Iran Risk Rating goo.gl/aDH1jd
Interview
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Angela Merkel's party wins German general election, according to exit polls /AFP
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Bill to Bolster Waste Recycling in Iran
Report
A bill on supporting waste management services is currently being reviewed by the government and in final stages.
Speaking to Financial Tribune, Tohid Sadrnejad, secretary-general of Iran Recycling Federation, said once the bill becomes law, the country's recycling industry will see a remarkable upswing, hoping that the Department of Environment will pursue the issue at a faster pace. Read More
Proton Dissolves Dormant Subsidiary in Iran
Malaysian industrial group DRB-Hicom Berhad, the owner of Proton Holding, has dissolved its subsidiary in Iran.
Proton Motor Pars Co. (PMP) was established in Iran in 2011. Proton’s parent company DRB-Hicom announced that “On Monday PMP was officially dissolved,” the Malaysian news website Star Online reported. Read More
Ministry Moves to Keep Apparel Import in Check
The Ministry of Industries, Mining and Trade has introduced new regulations aimed at fighting rampant smuggling in the domestic apparel market.
The ministry has decided that foreign brands willing to sell their products in the Iranian market are required to directly apply for permits to open sales outlet in Iran without middlemen, Fars News Agency quoted deputy minister of industries, mining and trade, Yadollah Sadeqi, as saying. Read More
Irancell, Ericsson Test 5G Systems goo.gl/R3qTx7
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Gold Coin Hits 3-Week Low
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Update 🇮🇷💶
Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious European banks after the implementation of the nuclear accord provided sanctions relief in January 2016, Iran signed two agreements worth a total of €1.5 billion ($1.8 billion) with Austria's Oberbank and Denmark's Danske Bank on Thursday. Read More
Iran Signs €500 Million Finance Deal with Denmark goo.gl/5k2Mxb
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Iran Will Respond Decisively to JCPOA Violation goo.gl/bqHgBx
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Iran President Hassan Rouhani, UK Prime Minister Theresa May Meet on the Sidelines of UNGA
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World Looking for Alternatives to USD
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Explore #Iran With Audio Guide App
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