Reported by HPMM Group according to FINANCIAL TRIBUNE; Iran’s export of crude steel and steel products will reach 6 million tons by the end of the current Iranian year (March 20, 2017) to resister a 50% rise compared to last year, the managing director of National Iranian Steel Company said. Abdolmajid Sharifi made the statement […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; Boeing will initially finance the first batch of six planes. The rest of the 80-jet order will then be financed by a third party before being delivered to Iran Air over time About 85% of the $16.6 billion Boeing order will be financed through foreign sources […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Transactions between Iranian and Swiss banks have totaled $8 billion since the lifting of the sanctions nearly a year ago, said Mohammad Nahavandian, President Hassan Rouhani’s chief of staff. “We are trying to persuade foreign bankers to finance Iranian projects … They know investing in Iran’s economy […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Iran is home to 113 million tons or 29% of the world’s barite reserves, according to the head of Mineral Explorations Department at Iranian Mines and Mining Industries Development and Renovation Organization, Ali Asgharzadeh. Iran’s proven barite reserves were less than 10 million tons before IMIDRO and […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Bank Mellat, one of the leading privatized lenders in Iran, will launch a subsidiary and a branch in Malaysia and Georgia respectively in the next two months, announced the bank’s chief executive. “Enhancing operations in international markets has been a priority of Bank Mellat in the post-sanctions […]

Reported by HPMM Group according to MEHR NWES ; Hyundai Heavy Industries Company announced Sat. that it had received a final proposal by Iranian Shipping Lines (IRISL) to buy 10 ships worth 650 million dollars. Accordingly, the South Korean company will manufacture and deliver 10 ships to the Islamic Republic of Iran as requested by […]

  Reported by HPMM Group according to TEHRAN TIMES ; Royal Dutch Shell signed an initial memorandum of understanding (MOU) with National Iranian Oil Company (NIOC) on Wednesday to conduct development studies on three oil and gas fields in Iran The document was signed by Director of Iran’s Petroleum Engineering and Development Company (PEDEC) Seyed […]

Reported by HPMM Group according to MEHR NWES; OPEC and non-OPEC countries hit an accord on Saturday to keep global crude production at 1.760 to 1.8 million barrels per day (bpd). Thirteen members of the Organization of Petroleum Exporting Countries (OPEC) gathered in Vienna on Saturday December 10 for the second time in less than […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; the Iranian mining sector requires close to $50 billion in foreign investment, said the deputy minister of industries, mining and trade. Mehdi Karbasian made the statement on the sidelines of the Second Iran Mines and Mining Industries Summit on Saturday. “About $30 billion of the figure will […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Iran’s presidential chief of staff proposed that the Central Bank of Iran open an account with the Swedish National Bank in his recent meeting with the Nordic country’s finance minister. “Opening an account for the CBI with the SNB would be a practical and effective step for […]