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 […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iranian banks have shrunk by 0.3% in the previous quarter ending March 20 compared with the previous year, fulfilling a long-held target for an industry marked by overcapacity and rapid proliferation across the country. According to a report released by the Central Bank of Iran on […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source has told Metal Bulletin. Located in the southern province of Khuzesta, Oxin Steel is Iran’s biggest producer of […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it would be easier for the country, the head of Monetary and Banking Research […]
About 30% of revenues earned from the increase in energy prices were to go to production and optimization of consumption, 20% to government for the extra expenditures that would come up in carrying out the plan and 50% to the social welfare system, includ The government is unwilling to cut cash subsidies of people, but as […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; The Ministry of Cooperatives, Labor and Social Welfare’s Center of Statistics has published Iran’s provincial share of GDP for the fiscal 2015-16. Tehran Province, wherein lies the capital city, contributed the most to the economy, both inclusive and exclusive of oil. South Khorasan had the least […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ; Tehran Stock Exchange’s main index gained 276.97 points or 0.29% on Tuesday compared to the day before to end trade at 94,576.5. About 578 million shares valued at $32.79 million changed hands at TSE for the day. Trading at TSE and Iran Fara Bourse starts on […]
