Reported by HPMM Group according to FINANCIAL TRIBUNE; The industrial sector saw the highest growth of 9.1% during the first six months of the current fiscal year (started March 20, 2016) among other economic sectors of Iran, the Statistical Center of Iran’s latest report released on Saturday said. According to SCI, Iran’s GDP growth for […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; The Central Insurance of Iran has finalized assessing insurance firms’ solvency margin ratio for the current fiscal year (started March 20, 2016), according to which 17 out of 26 firms have been deemed fully capable of meeting their commitments to policyholders. The CII has called on the […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; The Central Bank of Iran has received $7.2 billion from three foreign banks, namely Exim Bank of China, Italy’s Mediobanca and Denmark’s Danske Bank, a top CBI official announced on Saturday. “The CBI plans to attract $10 billion in foreign finance for implementing one of its future […]

NIOC deputy head said France’s Total will receive bonus for investment in Phase 11 of South Pars as envisaged in the new model of new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC). Reported by HPMM Group according to MEHR NWES ; Deputy Head of NIOC for Development and Engineering Affairs Gholamreza […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; The most important issue regarding Resistance Economy is the principle of the central bank’s independence The governor of the Central Bank of Iran said the bank’s independence is the byword for the realization of Resistance Economy tenets in the county’s monetary policymaking. “The most important issue regarding […]

Iran’s Ambassador to Australia Abdolhossein Vahaji announced that Tehran and Canberra have agreed to establish direct flights in the near future. Reported by HPMM Group according to IRNA ;Talks on implementation of the agreement will be held within the next month between Iran’s Mahan Air and the Australian side, Vahaji told IRNA on Saturday. The […]

The first Exhibition of Agricultural Machinery, Irrigation System and Related Industries (Agritech 2017) in Tehran aims to attract modern technologies and optimize water consumption in agriculture sector. Reported by HPMM Group according to MEHR NWES ; The event got underway in the Iranian capital on Friday January 06 at presence of Deputy Minister for Agriculture […]

For the first ever time in oil industry, National Iranian Oil Company (NIOC) and a credible Argentinian firm intend to sign a cooperation agreement for oil and gas developmental projects. Reported by HPMM Group according to MEHR NWES ; Over one century of activity by Iran’s oil industry, the most significant cooperation with a South […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; International sanctions hampered Iran’s ability to connect with the global banking network, but the country now has secured correspondent relations with 900 banks across the world, announced the minister of communications and information technology. “Barely a year has passed since JCPOA [Iran’s nuclear accord with world powers] […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; The privately-owned Ayandeh Bank, in a ceremony on Thursday, unveiled an open banking API portal called Finnotech, which is the first of its kind in Iran’s banking system. Finnotech aims to provide developers with an opportunity to offer customized banking services based on their users’ needs. The […]