Iran petrochemical output is expected to reach $40 billion per year by 2022 goo.gl/g4Xm6j
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Unwanted Mehr Housing Units to Be Repurposed
With the aim of bringing to a close the protracted and controversial Mehr Housing Project by the end of the current Iranian year (March 20, 2018), a considerable number of unwanted residential units will be used for charitable and social purposes, the deputy roads minister responsible for managing the scheme announced. Read More
Irancell, Ericsson Test 5G Systems
Report
Iran’s second largest mobile operator, MTN Irancell, and Sweden’s Ericsson jointly conducted a test of 5G connection in Tehran over the weekend.
The transmission systems — which were as big as two conventional washing machines — were provided by Ericsson. Read More
Tehran Stock Exchange Gauge Ends H1 10.77% Higher (+Charts) goo.gl/T231yW
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Iranian, Croatian Bankers Discuss Trade Hurdles
Representatives of three Iranian banks met with their Croatian counterparts on Wednesday to discuss banking hurdles on the way of trade ties and ways of overcoming them.
The delegation from Bank Sepah, Bank Pasargad and Bank of Industry and Mine, including a member of parliament and 30 members of Iran Chamber of Commerce, Industries, Mines and Agriculture active in the fields of construction, food, energy, banking, carpet and textile, travelled to Zagreb. Read More
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United Nations General Assembly:
7th and 8th Plenary Meetings
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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
Bill to Bolster Waste Recycling in Iran
Report
A bill on supporting waste management services is currently being reviewed by the government and in final stages.
Speaking to Financial Tribune, Tohid Sadrnejad, secretary-general of Iran Recycling Federation, said once the bill becomes law, the country's recycling industry will see a remarkable upswing, hoping that the Department of Environment will pursue the issue at a faster pace. Read More
Proton Dissolves Dormant Subsidiary in Iran
Malaysian industrial group DRB-Hicom Berhad, the owner of Proton Holding, has dissolved its subsidiary in Iran.
Proton Motor Pars Co. (PMP) was established in Iran in 2011. Proton’s parent company DRB-Hicom announced that “On Monday PMP was officially dissolved,” the Malaysian news website Star Online reported. Read More
Ministry Moves to Keep Apparel Import in Check
The Ministry of Industries, Mining and Trade has introduced new regulations aimed at fighting rampant smuggling in the domestic apparel market.
The ministry has decided that foreign brands willing to sell their products in the Iranian market are required to directly apply for permits to open sales outlet in Iran without middlemen, Fars News Agency quoted deputy minister of industries, mining and trade, Yadollah Sadeqi, as saying. Read More
Update 🇮🇷💶
Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious European banks after the implementation of the nuclear accord provided sanctions relief in January 2016, Iran signed two agreements worth a total of €1.5 billion ($1.8 billion) with Austria's Oberbank and Denmark's Danske Bank on Thursday. Read More
Iran President Hassan Rouhani, UK Prime Minister Theresa May Meet on the Sidelines of UNGA
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Tehran Stock Exchange’s Main Index #TEDPIX Hits 45-Month High goo.gl/AQAP3G
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