The president made the remarks during a meeting with the country’s top business figures on Thursday which was the first such one-on-one talks since the administration unveiled striking new policies President Hassan Rouhani sought to assure the private sector of the long-term effects of the government’s new foreign exchange policy, saying the measures are aimed […]
Current talks regarding the €۲ billion worth of projects include Italian and Austrian investors in two steel billet plants, while Danish investors are seeking to build a copper mine. Early talks are also underway with Swiss investors to develop Mehdiabad, Iran’s foreign investment law, the Foreign Investment Promotion and Protection Act, offers protection against expropriation […]
Iran’s minister of communications and information technology has addressed the recent ban on cryptocurrency trade and efforts by the country to develop its own virtual currency. In a talk with IBENA, a news website affiliated with the Central Bank of Iran, published on Friday, ICT Minister Mohammad Javad Azari Jahromi linked the recent cryptocurrency trade […]
US prosecutors in New York have been investigating whether Chinese tech company Huawei violated US sanctions in relation to Iran, according to sources familiar with the situation. Since at least 2016, US authorities have been probing Huawei’s alleged shipping of US-origin products to Iran and other countries in violation of US export and sanctions laws, […]
The INSTC Friendship Motor Rally is set to be flagged off in Bandar Abbas on Sunday. The route forth from Bandar Abbas to St. Petersburg and the route back from St Petersburg to Chabahar cover 5,000 kilometers and 5,500 kilometers respectively INSTC is a major transit route designed to facilitate the transportation of goods from […]
MCC also approved an increase in the ceiling of individual subsidized loans allocated for the purpose of renovating and reinforcing rural residential units Iran’s highest financial decision-making body has approved further cuts in interest rates to make the most attractive home loans cheaper and more affordable. The entity also eased conditions for the renovation of […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The construction of South Aluminum Corporation’s smelter, set to produce 300,000 tons per year in the first phase, is underway The Salco plant is due to increase output to one million tons by 2025 Iran is on track to launch a new aluminum smelter early next year […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s First Vice President Es’haq Jahangiri on Wednesday sought to reassure importers that their currency requirements will be fully met by the government and spoke of the banking system’s new mandate. “The government will swiftly reimburse the difference between the currency rates of essential goods […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iranian steel mills produced 6.8 million tons of crude steel in the first quarter of 2018, up 47% compared with last year’s similar period, according to the latest report released by World Steel Association, aka Worldsteel. The country’s steel output in March grew by 43.7% […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index gained 219.84 points or 0.23% on Wednesday compared to the day before to end trade at 94,796.1. About 888 million shares valued at $45.96 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]
