IAC deputy CEO said good negotiations have been conducted with French and Italian investors over development of Iranian airports. Reported by HPMM Group according to MEHR NWES ; Gholamhossein Bagherian, deputy director for planning and supervision in Iran Airports Company (IAC), pointed to construction of new airports in Ahwaz and Chabahar explaining that presence of […]
Deputy Iranian energy minister said as part of new power deals between Tehran and Moscow, Russians will construct a new generating plant and rehabilitate an existing one. Reported by HPMM Group according to MEHR NWES ;Deputy Minister of Energy for Planning and Economic Affairs Alireza Daemi expounded on the most significant negotiations conducted between Iran […]
Two-hundred sixty-four foreign investors have received trading codes over the past year, which shows a 42% rise compared to the corresponding period of a year before Foreign investment in Iran’s capital market stood at over $35 million at the beginning of the fiscal March 2013-14, which grew 782% to stand at over $314 million by […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;The updated version of the Banking Reform Bill, a blueprint for undertaking major reforms in the banking sector, will at last be taken up in the parliament ‘s spring session, announced the head of Majlis Economic Commission. “The final and updated draft of the Banking Reform Bill […]
In spite of the sharp decline in crude oil prices over the past two years, the Iranian government–unlike its oil-rich neighbors–has refused to use its sovereign funds and has even put aside the 20% share of oil revenues in a rainy-day fund. Reported by HPMM Group according to FINANCIAL TRIBUNE ;Economy Minister Ali Tayyebnia said […]
A consortium is likely to be formed by Britain’s Royal Dutch Shell, France’s Total as well as an Iranian company for development of Azadegan oilfield. Reported by HPMM Group according to MEHR NWES ; On the verge of inviting the first tender for development of Iranian oilfields in the post-JCPOA era, Shell and Total have […]
Following the signing of the Joint Comprehensive Plan of Action (JCPOA) which opened new chances for the Iranian banking system, the Central Bank of Iran is working to establish regional links, a senior official said. Reported by HPMM Group according to IRNA ; Davoud Mohammad Beigi, who is the manager of payment systems department with […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;Bank Melli Iran announced it can now transfer money overseas for individuals, as the bank expands its international ties in the post-sanctions era. “The customers are now able to transfer up to €۲,۰۰۰ per month,” said Gholamreza Panahi, director of BMI’s Department for Foreign Exchange. “Earlier, Iranians […]
In the latest open session of the parliament on Wednesday, lawmakers reviewed components of the sixth five-year development plan sent to the Majlis Joint Committee As part of its extended power, the central bank will now be able to punish uncertified entities by limiting or prohibiting their dividend distribution to shareholders Reported by HPMM Group […]
Reported by HPMM Group according to FINANCIAL TRIBUNE ;In the first half of the current Iranian year 1395 (started March 20, 2016), the monetary base grew by 7.9% compared to the end of 1394 and by 20.4% compared with the same period of the previous year. The main reason for this expansion is a 203.5% […]