Reported by HPMM Group according to FINANCIAL TRIBUNE;  the Philippines and Iran have agreed to expand bilateral ties, beginning with establishing banking relations and renewing economic cooperation between the two countries. In a meeting with Finance Secretary Carlos Dominguez III, Iranian Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour offered Tehran’s assistance in helping Philippines’ […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Tehran Stock Exchange’s main index gained 84.47 points or 0.11% to end Sunday trade at 79,625.90. More than 779 million shares valued at $54 million changed hands for the day. Mahram Company was the biggest riser, going up 5% to 20,780 rials per share. Petrochemical Transportation Company […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;  Three Slovenian banks, namely Nova  Ljubljanska banka, Gorenjska banka, and SID are negotiating with the Central Bank of Iran and some commercial lenders, to expand banking relations, said Iztok ?ivko, chief executive of Tevel company (specialized in gas and leak detection). “Banks from the two countries are […]

Reported by HPMM Group according to Trend ;  Polish Oil and Gas Company (PGNiG SA) is eyeing various Iranian projects in gas and oil sector, however, at this moment in case of Iran, it focuses on the Sumar oil project, the company told Trend Nov. 28. PGNiG signed a letter of intent regarding cooperation on […]

Iranian President Hassan Rouhani and Russian President Vladimir Putin in a telephone conversation called for cooperation between petroleum producing countries.   Reported by HPMM Group according to IRNA ;  Iranian and Russian presidents in their conversation on Monday evening discussed the latest developments in the oil market. Rouhani and Putin agreed to continue cooperation in […]

Increasing global quotes for steel raw materials and products have let Iranian billet exporters achieve an increase in deal prices for large batches, with suppliers being focused on the Middle Eastern market now. Reported by HPMM Group according to FINANCIAL TRIBUNE;  last week, Iran’s Khouzestan Steel Company closed a tender to sell 25,000 tons to […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;   Tejarat Bank has established relations with 60 foreign banks since the lifting of sanctions in January, said Ali Mehrpour the bank’s director for international affairs. He added that talks are underway with 40 other international banks. Italy’s UBI, Banca Popolare di Vicenza, the major Finnish bank OP, […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;  Tehran Stock Exchange’s main index gained 155.80 points or 0.2% to end Saturday trade at 79,541.4. More than 735 million shares valued at $78.3 million changed hands for the day. Iran Faravari mining Company was the biggest riser, going up 5% to 9,054 rials per share. Abadgaran […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;  the rising trend in steel pricing in Iran stopped last week, with some prices slipping back as hard currency prices strengthened. Some local sellers tried to raise prices but weak demand stifled the attempt, Metal Bulletin reported. In the free currency market, $1 fetched 37,300 rials on […]

Reported by HPMM Group according to FINANCIAL TRIBUNE;  The 2nd ‘Iran Mines and Mining Industries Summit: Development and Investment’, otherwise known as IMIS, is scheduled to be held in Tehran December 10-11. Top government officials, including Minister of Industries, Mining and Trade Mohammadreza Nematzadeh, head of the Iranian Mines and Mining Industries Development and Renovation […]