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Iran "Resilience Index" Improves
Iran was ranked 118th among 130 countries and territories in the 2017 FM Global Resilience Index report, scoring 18.7.
The ranking shows a one-notch improvement compared to last year's report, FMGlobal.com reported.
The scores are bounded on a scale of 0 to 100. A score of 100 does not imply a perfect score, but rather, that the territory ranks highest in that particular dimension. The scores, therefore, are a relative measure of resilience across countries, rather than an absolute measure. Read More
Is Iranian Film Production a Profitable Enterprise?
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Iran, Turkey Set to Ease Petrochemical Trade Rules
Tehran and Ankara are taking steps to ease petrochemical trade by scaling back Turkey's import duties on Iranian petrochemicals, an official at the Petrochemical Downstream Industries Department said on Wednesday.
“During recent negotiations in Turkey, the country expressed readiness to levy lower tariffs on certain Iranian petrochemical products,” Reza Mohtashamipour was quoted as saying. Read More
German Companies Account for 50 Percent of FPI in Iran Capital Market
German investors account for half of foreign portfolio investment in Iran’s capital market, says Securities and Exchange Organization’s deputy head for international affairs Read More
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34% Rise in Foreigners Visiting Iran FTZs
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Ice Cream Iran’s 2nd Food Export Item After Pistachio
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Europe Should Deliver on Business Ties
Europe must make clear how it will react if the United States pulls out of the multinational nuclear deal with Iran and do more to encourage international banks to return to the country, said Iran's Deputy Foreign Minister Majid Takht-Ravanchi on Tuesday.
Last month, US President Donald Trump broke ranks with European allies, Russia and China by refusing to recertify Iran’s compliance with its 2015 nuclear deal with world powers, reached during Barack Obama’s tenure.
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Iran Demographic Profile
National Census Preliminary Results Released
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MAPNA to Construct Combined-Cycle Plant Near Armenia Border
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Volvo Trucks Says Will Increase Investments in #Iran
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Moving Freight Made Easier With Internet-Based Trucking
Report
Iranian startups have launched services that connect individuals and businesses to truckers. Three of the successful companies are Asan Bar (Easy Load in Persian), Taraabar (Transporter) and BarYar (Transport Assistant)
High commission demanded by middlemen and avaricious brokers have fleeced truckers for years. Just like other businesses, Internet-based services are infiltrating the cargo transport industry Read More
Mechanization Promoting Agro Development
The agricultural mechanization coefficient in Iran presently stands at 1.5 horsepower per hectare, which is expected to increase to 2.1 hp/ha by the end of Hassan Rouhani’s second presidential term (August 2021), the head of Agricultural Mechanization Expansion Center with the Ministry of Agriculture.
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JICA to Help Reduce Water Loss in Isfahan
Iran and Japan on Saturday signed a basic agreement to cut water loss in central Iran with an eye on reducing the wastage of dwindling water resources across the national supply system.
Signed by the National Water and Wastewater Engineering Company, Tehran Province Water and Wastewater Company and Japan International Cooperation Agency in Tehran in the weekend, the agreement is aimed at reducing the drainage of "non-revenue water"—water that is pumped and then lost or unaccounted for before reaching consumers. Read More
Iran Willing to Settle Turkmenistan Gas Row Out of Court
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Op-Ed: Framework of Iranian Banks’ Corporate Governance
Massoud Moaddel.
Chartered Accountant, Member of ICAEW
As the Iranian banks move to connect to their international peers, some fundamental structural reviews are called for in order to strengthen their corporate governance and realign their organizational structure to ensure they are in line with the latest global standards.
As with any organization, a complete delineation and segregation of duties are essential to its sound operation. This principle becomes even more important in the case of banks and financial institutions. The soundness and safety of banks are essential to its stability and central to its economic health Read More
🇮🇷🇪🇺European Mission in Tehran:
Iran-EU Food Trade Up 94%
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Iran Agro Exports Top $2 Billion in Fiscal H1
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EU Trade Mission Expected
A 70-member trade delegation representing the European Union, including 25 of its high-ranking members, is scheduled to arrive in Tehran on Saturday.
Boosting cooperation in the agriculture sector will be the central issue of the talks scheduled with Iranian authorities and businesspeople at Tehran’s Chamber of Commerce, Industries, Mines and Agriculture and the Agriculture Ministry’s headquarters.
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Iran 🇮🇷- Italy 🇮🇹 Banking Breakthrough Imminent
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Iran Ratifies $7.3b Worth of Foreign Investments in Renewables
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Iran's AML/CFT Forex Regulations Tightened
The Central Bank of Iran has amended its executive directive for regulations overseeing foreign exchange, banking instruments and bonds carried by travelling individuals in line with better adherence to international regulations on anti-money laundering and combating financing of terrorism Read More
🛢 Iran Crude Oil Price Hits New Year-High
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Iran’s Population Dynamics and Demographic Window of Opportunity
In the second half of the 20th century, Iran completed its demographic transition from high to low mortality and, with a time lag, from high to low fertility. This transition first resulted in a high population growth rate that slowed later due to rapid fertility decline, causing the population to reach a point where it now resembles a two-edged sword.
On the one hand, the rapidly expanding population has been linked to nearly every problem confronting the nation: unemployment, poverty, water scarcity, undernourishment, urban pollution and the soaring domestic use of energy. On the other hand, the rise in the share of working-age population can potentially serve as a driver for economic growth and development. Read More
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Iran Gov’t Announces Hybrid Vehicle Tax Incentive
The Iranian National Tax Administration says value-added tax would be exempted on hybrid electric-petrol cars.
According to the website of the Presidential Office for Science and Technology, local companies are exempt from paying VAT on such products. The VAT rate for the current fiscal that ends in March is 9%.
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Trade between #Iran and #Turkey stood at $8.15 billion during nine months since the beginning of 2017, up 14% YoY
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Iranian Banks Eye Belgium Branches
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Iran Plans to Set Up Petrochemical Shipping Firm
Iran needs to establish a standalone shipping line to handle its petrochemical exports, the managing director of Iran's Petrochemical Commercial Company said.
"Petrochemical holdings should join forces to form a shipping company for petrochemicals," Mehdi Sharifi-Niknafs was also quoted as saying by NIPNA on Sunday.
"Last year, domestic companies paid $1.5 billion for the shipment of petrochemicals and polymers," he added. Read More
Iran to Reopen 2nd Border Crossing With Iraqi Kurdistan
Iran is to reopen the Parvizkhan border crossing with the Iraqi Kurdistan Region after three weeks of closure following the Sept. 25 referendum Read More
Call for Accepting Rising Forex Rates
Iranian people, businessmen and policymakers must accept the rise in foreign exchange rates because the country’s inflation rate has been higher than the global average as well as the rate in trading companies in recent years, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture said Read More
Interview:
Deal Broker Elaborates on Merger of Two Iranian ISPs
As newcomers to the Iranian equity market, Internet service providers have garnered mounting enthusiasm among traders as one of the promising sectors of the economy.
Accordingly, the latest merger agreement between two of the largest ISPs was the market’s highlight in the past week.
Signed on Oct. 29, the agreement entails HiWeb merging with its rival Pars Online through absorption of all of the latter’s shares. The two companies will from now on operate under the HiWeb brand.
CEO of Kian Capital Management Majid Zamani, whose firm handled the deal’s structuring and contract negotiation, shared the details of the merger in a phone interview with Financial Tribune.
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