Economy Archives | صفحه ۱۰۰ از ۱۲۷
Lack of New Investment Can Impair Power Sector
EghtesadOnline: An estimated $1 billon is invested in power sector per annum, but to meet growing demand in coming years this should at the least double, the Energy Ministry spokesman for the power department said in Tehran. “The number of electricity meters nationwide in household, agro and industrial sectors, which now exceeds 36.7 million, jumps […]
Iran receives approval from 8 countries for exports of coronavirus test kits
TEHRAN, May 19 (MNA) – Vice President for Science and Technology Sorena Sattari announced on Tuesday that Iranian knowledge-based firms have started manufacturing coronavirus test kits and they have received approval from eight countries to export their products. Making the remarks in the southern province of Bushehr, Sattari said “Iran presently has a production capacity […]
Coronavirus Expected to Cut Exports from Iran
EghtesadOnline: Iran has to prepare for a 30% decline in its export value in the current Iranian year (March 2010-21) compared with last year, due to the impacts of the spread of coronavirus on domestic and foreign trade, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture’s board of directors said. “Under the […]
Exporters Want Changes in CBI’s Forex Repatriation Rules
EghtesadOnline: Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil exporters. Pointing to exporters’ difficulties in repatriating earnings as required by rules of the Central Bank of Iran, Gholamhossein Shafiei warned that “sticking to past methods will […]
۴.1m Tons of Essential Goods Undergo Customs Clearance
EghtesadOnline: There are 4.15 million tons of essential goods at Iranian ports, of which Imam Khomeini Port accounts for more than 3 million tons, according to the managing director of Ports and Maritime Organization. “Corn makes up the lion’s share of these goods with about 2.4 million tons. Wheat, barley, soybeans, rice, sugar, vegetable oils […]
Iran Gov’t Will Sell Stakes in Banks
EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said. The divestiture is related to non-financial assets of state-owned Bank Sepah, according to Abbas Memarnejad, the deputy economy minister for banking, insurance, and state-owned companies’ affairs. Bank Sepah plans to […]
Covid-19 Sinks Business Activities to Record Low
EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy nosedived to its lowest level in the first month of the current fiscal year (March 20-April 19) in another sign that the coronavirus pandemic is causing serious economic damage to the country. The announcement was made by the Statistics and […]
Iran’s Trade With Persian Gulf States Tops $21 Billion
EghtesadOnline: Iran’s non-oil commercial exchanges with Persian Gulf Arab states, including Iraq, the UAE, Oman, Qatar, Kuwait, Syria, Lebanon, Jordan and Saudi Arabia, hit $21.5 billion in the last Iranian year that ended on March 19, 2020. According to Director General of Trade Promotion Organization of Iran’s Arabic-African Affairs Office Farzad Piltan, Iran exported $12.5 […]
Iran’s handicrafts exports reach $427mn in 11 months
TEHRAN, May 09 (MNA) – Iran’s exports of handicrafts in the 11 months of the past fiscal year to February 19 amounted to $427 million, said the deputy cultural heritage, handicraft and tourism minister. Pouya Mahmoudian added that of the total amount, some $237 million accounted for official exports, and the remaining $190 million belong […]
Housing, Transport Sectors Lean Towards Stock Market
EghtesadOnline: The Ministry of Roads and Urban Development plans to tap the existing capacity of Iran Mercantile Exchange to fund projects in the transportation and housing sector, an official with the ministry said. “Over the past ten months we had meetings with the Securities and Exchange Organization to study stock market capacity in financing housing […]