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 […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Banks in Switzerland could seize the opportunity of playing a leading role in financing investment projects in Iran, President Hassan Rouhani’s chief of staff said in a meeting with members of Swiss Bankers Association on Thursday. “Iranian bankers prepared a comprehensive guideline for enhancing the sector [even] […]

Reported by HPMM Group according to MEHR NWES; Presidential Chief of Staff Mohammad Nahavandian on Fri. met with Swedish ministers of trade and finance to discuss ways to further expand economic ties between the two countries. In his meeting with Sweden’s Minister of EU Affairs and Trade Ann Linde, Nahavandian stressed Iran’s plans for attracting the maximum volume of […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; it is possible to make changes to the new banknotes, but the public will be informed before any changes are made If the decision made by the Cabinet to change Iran’s monetary unit is implemented, Iranian banknotes will also undergo changes, a deputy governor of the Central […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; representatives of French firms were in Tehran for a three-day visit ending Wednesday to offer solutions in the fields of aerospace maintenance and airport infrastructure, and explore business opportunities in talks with major Iranian airlines, suppliers and MRO companies. The mission included representatives of firms active in […]

Reported by HPMM Group according to FINANCIAL TRIBUNE; Senior officials and trade association leaders from China and Iran have called for reinforcing Beijing’s role in revitalizing infrastructure and trade in Iran. China is well positioned for this since the country has been “a friend” during hard times, Iranian Foreign Minister Mohammad Javad Zarif was quoted […]

Marriott International became the first US hotel group to announce its interest in Iranian tourism market which is witnessing an influx of global hospitality companies in search of opportunities. Reported by HPMM Group according to IRAN-DAILY ; Alex Kyriakidis, president and managing director of Marriott’s Middle East and Africa division,  said the hotel group is […]