Iran Budget Bill in Parliament on Sunday

Iran Budget Bill in Parliament on Sunday

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    President Hassan Rouhani is scheduled to submit the budget bill for the upcoming fiscal year (March 2018-19) to the parliament on Sunday after the Cabinet approved it on Wednesday, the government spokesman and president of Planning and Budget Organization said. “One of the features of next […]

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WIPO: Fastest Growth in Iran’s Industrial Designs

WIPO: Fastest Growth in Iran’s Industrial Designs

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    The Islamic Republic of Iran marked the fastest growth in industrial designs worldwide with a 34.8% increase, the United Nations intellectual property agency said on Wednesday. According to the World Intellectual Property Organization, global industrial design filing activity in 2016 grew by 10.4% to an estimated […]

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S. Korean Firm to Invest $500m in Iranian Port

S. Korean Firm to Invest $500m in Iranian Port

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    South Korea’s JJ Consulting Ltd will invest $500 million in the northern port of Noshahr as per a memorandum of understanding signed between the Asian company and the Ports and Maritime Organization of Mazandaran Province, the news portal of the Ministry of Roads and Urban Development […]

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India to Export Container Cargo to Russia Via Iran

India to Export Container Cargo to Russia Via Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    India will start exporting container cargo to Russia via Iran and Azerbaijan from next month, as it moves forward to operationalize the International North-South Transport Corridor, India’s Central Board of Excise and Customs Commissioner Rajendra Kumar said. The move, he said, would cut down cargo transport […]

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Iran, Pakistan Finalize Draft of Free Trade Agreement

Iran, Pakistan Finalize Draft of Free Trade Agreement

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues, official sources told Business Recorder. This understanding was reached during the third meeting of the Trade Negotiation Committee on Pakistan-Iran Free Trade Area Agreement held […]

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Madrid to Guarantee Spanish Investments in Iran

Madrid to Guarantee Spanish Investments in Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Spanish Secretary of State for Trade Maria Luisa Poncela said Madrid will guarantee all investments by that country’s investors in Iran. “The Spanish government has announced that it will cover export and investment in Iran under the insurance guarantee, regardless of any restrictions, in order to […]

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Iran-Russia Payment Integration by Dec. 10

Iran-Russia Payment Integration by Dec. 10

The payment integration will help the citizens of Iran and Russia to use their bank cards in each other’s countries after Dec. 10 Some 3.13 quadrillion rials ($75.4 billion) have been loaned in the first seven months of the current fiscal year to Oct. 22, which indicate a 12.6% increase compared with the same period […]

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Iran-Hungary Trade Doubled Post JCPOA

Iran-Hungary Trade Doubled Post JCPOA

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    Trade between Iran and Hungary has experienced a twofold increase since the nuclear deal, officially known as the Joint Comprehensive Plan of Action, was signed between Iran and the world powers in 2015. This was stated by Hungary’s Minister of National Economy Mihaly Varga in a […]

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Rouhani Inaugurates Port Dubbed “International Gateway”

Rouhani Inaugurates Port Dubbed “International Gateway”

The inauguration of the port will triple the capacity to 8.5 million tons (equal to that of all the northern ports of the country) With the opening of Phase 1 of Shahid Beheshti Port, close to 800 direct jobs and 20,000 indirect jobs have been generated Reported by HPMM Group according to FINANCIAL TRIBUNE ;    […]

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Iran, South Korea Sign €۷۲۰m Deal to Build 450 Wagon Trains in Iran

Iran, South Korea Sign €۷۲۰m Deal to Build 450 Wagon Trains in Iran

Reported by HPMM Group according to FINANCIAL TRIBUNE ;    South Korean rolling stock manufacturer Hyundai Rotem signed a contract worth €۷۲۰ million with the Islamic Republic of Iran Railways on Saturday to produce 450 suburban railbus wagons in Iran. As per an agreement, the Korean company will be forming a consortium with Iranian Rail Industries […]

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