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South Korea's Hyundai Rotem signed a contract worth €720 million with the Islamic Republic of Iran Railways on Saturday to produce 450 suburban railbus wagons in Iran
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Telecoms Account for 2% of Iran GDP
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Foreign Firms Dominate Tehran Auto Show
One event where the future role and strong presence of foreign carmakers in Iran was visible in more ways than one was the Tehran International Auto Show that ends on Friday.
What was more interesting was the unveiling of vehicles to be produced by joint venture companies. Several international car companies, with focus on a bigger share of the huge, but saturated, auto market have signed agreements with local firms to set up production lines and also export their vehicles made in Iran. Read More
Iran to Manufacture Tractors in Africa
A business delegation from Tabriz in northern Iran was expected in Namibia's capital Windhoek on Wednesday to finalize a contract that in a year’s time could culminate in Iranian-designed tractors—for agricultural purposes–rolling off an assembly plant, either in Windhoek or Walvis Bay, and bolstering employment.
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Kharg Terminal's Western Dock Set for Rehabilitation
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KRG to Maintain Tehran Ties
Prime Minister of the Kurdistan Regional Government Nechirvan Barzani said on Monday neighboring Iran is a significant country for its autonomous region.
“KRG enjoys good relations with Tehran and will continue such relations in the future,”
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Super-Large Container Ships to Dock in Chabahar
Super-large container ships (between 100,000 DWT and 120,000 DWT) would be able to dock in Chabahar’s Shahid Beheshti Port with the completion of Phase 1 of the development project of the southern Iranian port, located in Sistan-Baluchestan Province, comes on stream next week, an official in charge of the project, Amir Hossein Esmaeili, announced on Monday.
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Bulls Reign Over Tehran Stock Exchange
Bulls are reigning over Tehran Stock Exchange these days, after its benchmark index recorded the highest daily growth in 13 months on Saturday and zoomed past its all-time high reached four years ago.
TEDPIX’s fluctuations over the past 20 years show that its current growth can continue even further. Read More
Iran, Kazakhstan Explore Expansion of Agro Ties
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Foreign Trade Up 8%
Iran's non-oil foreign trade during the first eight months of the current fiscal year (started March 21) stood at $60.9 billion, indicating an 8% rise YoY
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#Iran, #Qatar, #Turkey sign agreement to ease transport and transit https://twitter.com/fintribune/status/934779230147268608
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Iran’s Distribution Industry Accounts for 8% of GDP
Iran’s half-a-century distribution industry generates 8% of Iran’s gross domestic product, the secretary-general of the Association of Iranian Distribution Industry said.
In an interview published by Tehran Chamber of Commerce, Industries, Mines and Agriculture’s monthly journal Ayandenegar, Saeed Jaroudi added that Iran has 700-800 countrywide and provincial distribution companies.
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Qatar Economy Minister in Tehran: Doha Seeks to Expand Trade With Iran
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Iran-Russia Seesaw Trade Yet to Reach Full Potential
Iran exported 298,204 tons of non-oil commodities worth $143.46 million to Russia during the seven months to Oct. 22, registering a 96.32% and 63.21% growth in volume and value respectively compared with last year’s corresponding period, Islamic Republic of Iran Customs Administration announced.
This is while Iran’s imports from Russia during the same period stood at 909.328 tons worth $419.39 million, up 1.41% in volume but considerably down by 62.87% in value year-on-year Read More
Iran Welcomes Cryptocurrencies
Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by clearly-stated regulations.
“We at the HCC welcome Bitcoin, but we must have regulations for Bitcoin and any other digital currency. Studies are necessary for considering a new currency,” Abolhassan Firouzabadi, HCC secretary, Read More
Jan.-Sept. 2017 Eurostat Data Show: Iran-EU Trade Rises
About €14.8 billion worth of commodities were exchanged between Iran and the European Union states during the first nine months of 2017, about 1.6 times as much as the figure registered in last year's corresponding period, Tehran Chamber of Commerce, Industries, Mines and Agriculture cited Eurostat data as reporting.
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6.1 Magnitude Earthquake Hits Near Hojedk, Iran's Kerman Province, Followed by 50 Aftershocks
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Handmade Carpet Exports Reach $180m
About $180 million worth of handmade carpets were exported from Iran during the seven months to Oct. 22, registering a 7.8% increase compared with the similar period of last year, Read more
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Iran Gov't Highlights Firm Oil and Gas Industry in 1st Major Report
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Tehran Market: Gold Coin Loses Shine as Bubble Deflates
Interview with Mohammad Keshti-Aray, the head of Tehran’s Gold and Jewelry Union
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Iran's Tax-to-GDP Ratio Improving
Iran's average tax-to-GDP ratio has improved from 5.4% in the fiscal 2012-13 to 7.9% in 2016-17.
However, the ratio is still low compared to that of OECD countries (the Organization for Economic Cooperation and Development).
Tax revenues accounted for 34.3% of OECD countries’ GDP in 2016
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#BREAKING North Korea fires ballistic missile, according to Yonhap news agency/AFP
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1.6m Checks Bounce in Mehr
A total of 9.9 million checks worth about 615 trillion rials ($15 billion) were transacted in the seventh Iranian month Mehr (Sept. 23-Oct. 22), of which 1.6 million checks worth about 131 trillion rials ($3.3 billion) bounced, data published by the Central Bank of Iran on its official website show.
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Interactive Map: Tehran Home Sales Up 18.5%
More than 14,800 residential units were sold in the Iranian capital during the month ending Nov. 21 to mark an increase of 18.5% year-on-year.
According to the latest figures released by the Central Bank of Iran–the entity in charge of releasing official economic data–the average price of an apartment in Tehran during the aforementioned month also reached 48.9 million rials ($1,192) per square meter, registering a 10.9% growth compared with the same month of previous year. Read More
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Check out the current and upcoming art events in #Tehran (Daily Updates) bit.ly/Tehran-Events
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Iran Gas Export to Armenia at 250 mcm in 8 Months
Iran has exported 250 million cubic meters, or just over 1 million cubic meters per day, of natural gas to Armenia since the beginning of the current fiscal year on March 21, the managing director of Iranian Gas Transmission Company said on Saturday.
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SAIPA Unveils Citroen C3 New Model in Tehran Bash
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Iran's NITC Open to Modernize Oil Tanker Fleet With Norway's Aid
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Iran the ‘Most Dynamic’ Asian Nation in ICT Sector
The latest data on ICT development from International Telecommunication Union shows continued progress in connectivity and use of information and communications technologies in Iran.
The report names Iran “the most dynamic country” in terms of ICT Development Index (IDI) value in Asia. Iran’s 0.54-point improvement from 5.04 to 5.58 points (out of 10) has enabled a rise of four positions in the global ranking. According to IDI 2017 report published on ITU’s official website, Iran ranks 81 globally and 12th in Asia.
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Gold Rally Cools, Not Its Bubble
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