Garment Sales at Huge Discounts in Iran: Too Good to Be True
Sales offering discounts of up to 70% are really hard to miss these days in Iran’s garment market, most of which are floated by sellers of foreign apparel.
“How much profit do they make when they are offering a 70% discount?!” a member of Iran Textile Exporters and Manufacturers Association was quoted as saying Read More
Bureau Veritas to Offer Automotive Services in Iran
Report
French auto companies are gradually making a comeback to Iran (PSA Group, Renault) and now one of the largest French inspection and testing firms is set to offer services to local businesses.
In a talk with the Financial Tribune, the inspection, testing and certification agency, Bureau Veritas said it is expanding its services to automotive industries in the country. Read More
Iran Q1 Economic Growth at 6.5%
Iran's gross domestic product during the first quarter of the current Iranian year (started March 2) stood at 1.8 quadrillion rials ($47 billion), indicating a 6.5% rise compared with last year's corresponding period.
The Statistical Center of Iran also reported on its website on Wednesday that GDP was at 1.4 quadrillion rials ($37.5 billion) exclusive of oil, meaning non-oil sectors of the economy grew 7% as the oil sector expanded by 4.6% in spring compared with the first quarter of the previous fiscal year. Read More
Iran the Only Mideast Producer of Iodine
Interview
A s the only producer of iodine in the Middle East, Iran exported 360 tons of the product worth more than $6.34 million in the last Iranian year (ended March 20, 2017), registering a 67.5% year-on-year rise in weight but no significant change in value, the head of Golestan Industries, Mines and Trade Organization told Financial Tribune
€406m Foreign Funding for Khuzestan Water Project
First Vice President Es'haq Jahangiri has given the nod to the use of foreign financing, in view of the government's limited financial resources, to fund two public projects: pumping water to the northern parts of Khuzestan Province and constructing three hospitals, one each in the cities of Tehran, Shiraz and Tabriz. Read More
Iranian Bank Working with Russia
Bank Keshavarzi Iran, state-owned bank specialized in financing agriculture sector, has linked up with a number of major Russian lenders including Sberbank, Gazprombank and Transcapitalbank, announced Behrouz Hassan Olfat, director of Europe and Americas department at the Trade Promotion Organization. Read More
Plans to Remove Obstacles to Kandovan’s Global Inscription
As part of efforts to prepare the historical village of Kandovan in West Azarbaijan Province for UNESCO inscription, cultural heritage authorities have initiated plans to improve the aesthetic features of the village.
Kandovan's dossier for global inscription was set to be prepared in 2014, but was not ready due to a number of obstacles including illegal constructions that tarnished the face of the village.
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Iran's Gold Market Rally Fuelled by Rate Cuts
As if the recent gold rally was not enough of a surprise, the precious metal continued to gain in strength in Tehran's market–this time fueled by the Central Bank of Iran's decision to get tougher on the interest rate cut's implementation. Read More
USD Remains Bullish
The US dollar once again gained against rial in Tehran’s both open and official exchange markets on Saturday to maintain its uptrend against the Iranian currency. Read More
New Lodging Facilities in Northern Vacation Spot
A score of new vacation houses have recently been opened in the northern city of Astaneh Ashrafieh in Gilan Province, the deputy head of the provincial office of Iran's Cultural Heritage, Handicrafts and Tourism Organization said. Read More
Prelude to Iranian Steel Market Conference 2018
Report
Iranian government officials and steel industry players met at Financial Tribune’s office in Tehran on Sunday to set the agenda and the general outlook for the Eighth Iranian Steel Market Conference, otherwise known as ISMC 2018, which is scheduled to be held in the Iranian capital on Jan. 30-31. Read More
Exclusive Interview with Brazilian Minister of Energy, Fernando Coelho Filho goo.gl/8jtejq
Читать полностью…IRICA Sets Deadline for Rice Import Clearance
The Islamic Republic of Iran Customs Administration announced on Monday that rice importers have until Friday to clear their shipments from customs terminals Rea More
Iran Sovereign Wealth Fund Favors Energy Sector, Five-Year Data Shows
The National Development Fund of Iran, the national sovereign fund established in 2011, has published a comprehensive report on the first five years of its activity up to March 20, 2017.
NDFI has allocated close to $35 billion in foreign exchange loans for national projects during this period, most of which has been offered through the organization’s agent banks. Read More
Germany Places Order for Iranian Methanol
An unnamed German company has preordered a batch of methanol to be produced in Marjan Petrochemical Complex in Pars Special Economic Energy Zone near Asalouyeh, managing director of the zone said.
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Central Bank of Iran Puts 2017-18 Growth at 5%
The Central Bank of Iran has forecast an economic growth of at least 5% for the current Iranian year that ends on March 20, 2018.
"Most of the economic sectors have improved remarkably during the current fiscal year (started March 21), therefore the country will register at least a 5% economic growth by the end of the year," CBI Governor Valiollah Seif said during an interview with the state television late Thursday. Read More