The Iranian flag carrier, Iran Air, says it has finalized a much-awaited contract with the European aviation giant Airbus to purchase 100 aircraft. Reported by HPMM Group according to MEHR NWES;Iran Air will receive seven or eight planes from Airbus in 2017, Farhad Parvaresh, the managing director of the airline told reporters on Sunday. He […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The latest technology was on show at this year’s Elecomp along with some surprises A new voting system was showcased that can radically transform the election process The 22nd round of the International Exhibition of Electronics, Computer and E-Commerce (Elecomp 2016) was held this week by the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;IFRS standards are now mandated for use by more than 100 countries, including the European Union and by more than two-thirds of G20 The Central Bank of Iran’s plan to overhaul its financial oversight regime will increase the effectiveness of supervision over banks and provides the infrastructure for […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The US Treasury Department’s Office of Foreign Assets Control on Thursday revised its Frequently Asked Questions guidance that concerns the reimposition of sanctions in the event of a sanctions snapback under the Joint Comprehensive Plan of Action. The amended FAQs convey OFAC’s general view that should the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Export Development Bank of Iran and Indonesia’s Eximbank signed an agreement to expand collaborations, on the sidelines of Indonesian President Joko Widodo’s visit to Tehran on Wednesday. The two lenders agreed to provide each other with information about business and investment opportunities in their respective country in […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Indian multinational pharmaceutical and biotechnology company Cipla says its subsidiary in the Netherlands will pump in €۱۶٫۸ million to form a joint venture with its Iranian distributor, Ahran Tejarat Company. The joint venture proposes to undertake manufacturing and marketing of pharmaceutical products in Iran. “Cipla Holding BV, […]

Iran and Germany’s Medio Energy company have inked an MoU worth about 104 million dollars over construction of two wind and solar power plants in the south of Iran. Reported by HPMM Group according to MEHR NWES  ;Khuzestan Regional Electricity Company of Iran and Germany’s Medio Energy Invest GmbH & Co. KG have sealed two […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The council of the Islamic Financial Services Board (IFSB) announced the appointment of the Central Bank of Iran’s governor as its chairman for 2017. “Dr. Valiollah Seif, governor of Central Bank of the Islamic Republic of Iran, will steer the chairmanship of IFSB while Fazle Kabir, governor […]

Iranian Oil Minister Zanganeh has said all interested foreign companies were invited to submit tenders for development of Iranian oil and gas fields, including Azadegan. Reported by HPMM Group according to MEHR NWES ;On possibility of assigning the contract for development of South Azadegan oilfield to France’s Total company, Bijan Zanganeh said no promise has […]

Reported by HPMM Group according to IRNA ;Speaking in the signing ceremony of the contract held in Niroo Research Institute, Minister of Energy Hamid Chitchian said the contract worth $1.6b was inked between a Russian firm and Iran’s Thermal Power Plants Holding Company. He added that the power plant will be constructed in four 350-megawatt […]