Iranian Firm to Build 1st South Pars Phase 11 Platform
An unnamed Iranian company will build the first jacket platform for South Pars Gas Field's Phase 11 in the Persian Gulf, the head of the Society of Iranian Petroleum Industry Equipment Manufacturers said on Tuesday. Read More
Iran Petrochem Exports Earn $4.6 Billion in 5 Months
Iranian petrochemical production in the first five months of the current fiscal year (March 21-Aug. 22) reached 22.6 million tons, the National Petrochemical Company said in a report, which amounts to $4.6 billion in export revenues.
Nominal production capacity of 57 major petrochemical complexes, mostly concentrated in the cities of Mahshahr (Khuzestan Province) and Asalouyeh (Bushehr Province), is forecast to reach 72 million tons by March 2018, with actual output forecast to reach 60 million tons in six months. Read More
Iran Palm Oil Imports Reach $135m in 5 Months, Up 46%
O ver 170,000 tons of palm oil worth $135 million were imported during the five months to August 22, registering a 26% and 46% growth in weight and value respectively compared with the similar period of last year. Read More
🎥 Iran Men's #Volleyball Team Beats France 3-2 to Win First Ever World Medal #FIVBMensGCC
Читать полностью…$500m Foreign Funds for IRISL Fleet Renewal
Foreign funds worth $500 million for purchasing ships by the Islamic Republic of Iran Shipping Lines have been finalized, the chief executive of the state-run entity announced.
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🇮🇷🇨🇳Central Bank of Iran, China Development Bank Sign €15 Billion Agreement for Financing Civil Projects in Iran
#IranDeal @fintribune
New Financing Tools for Housing Sector
The Ministry of Roads and Urban Development is coming up with innovative tools to finance the key housing sector in the coming years, its deputy for housing said.
"Devising a new directive for real-estate funds along with a directive for regional financial and savings institutions is among our instruments to finance the housing sector, which are being followed up and will yield results in the foreseeable future," Hamed Mazaherian was also quoted as saying by the official news website of the ministry. Read More
Tehran Stock Exchange’s Main Index #TEDPIX Hits 45-Month High goo.gl/AQAP3G
@fintribune
ESCO Rides Rising Tide of Iranian Steel Exports
The Iranian steel industry’s effective push toward exports has helped Esfahan Steel Company bolster its presence overseas, the company’s head of sales and marketing announced.
Ehsan Dashtianeh also said the growth in exports was mostly due to shrinking Chinese steelmaking capacities, rising raw material costs, China’s new environmental policies shutting down pollutant plants and the subsequent drop in the industrial giant’s exports and low global inventories. Read More
Iran Seeking Crude Market Expansion in Europe, Asia
I ran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports. Read More
Interview:
Innovation a Sustainable Alternative to Oil-Based Economies
Head of Economic Cooperation Organization (ECO) Cultural Institute Investing believes that investing in innovative economy is the only sustainable alternative to an oil-dependent economy Read More
Iran’s minister of ICT has vowed to make a difference in the key sector goo.gl/vh2yAZ
Читать полностью…$10b Chinese Finance for Iran, More in the Pipeline
All You Need to Know
Five Iranian banks have jointly signed a finance deal worth $10 billion with CITIC Trust, a Chinese state-owned investment company, to fund development projects in Iran.
CBI also signed a memorandum of understanding with the Development Bank of China on financing construction and manufacturing projects worth €15 billion Read More
China Secures $10 Billion Credit Line for Iran:
CITIC Group signs agreement with 5 Iranian Banks
#IranDeal @fintribune
CBI Committed to Forex Stability
The Central Bank of Iran's governor has declared that the administration has no interest in letting foreign exchange rates climb and that it will take measures to keep the forex market stable. Read More