Mercedes-Benz, Iran Khodro Sign Truck Deal
Iran Khodro on Tuesday said its trucks division, Iran Khodro Diesel, has signed a deal with Mercedes-Benz Daimler to import heavy duty vehicles. Read More
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.
Read More
Bank Saderat Iran Working to Resolve Qatar Issues
Bank Saderat Iran is working to enhance operations of its branch in Doha to help remove banking problems facing Iranian exporters in Qatar, according to its chief executive.
“I can tell the exporters that we have reached agreements and effective steps have been taken to resolve their banking problems,” Read More
All TSE Indices Rise on Monday Trading
Tehran Stock Exchange’s main index gained 113.40 points or 0.14% to end Monday trade at 83,369.1.
About 478 million shares valued at $36.52 million changed hands for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday. 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