Economy Archives | صفحه 125 از 142
Iran’s tourism sector in need of $21bn worth of investment
2 TEHRAN, Sep. 02 (MNA) – Acting Head of Iran’s Cultural Heritage, Tourism and Handicrafts Ministry (CHTHO) Ali Asghar Moonesan said on Monday that tourism sector of the country is in dire need of $21 billion worth of investment. “Our target is to achieve a 4.7 percent tourism share of gross domestic product (GDP) and […]
Iran accounts for 0.5% share of world’s tourism sector
2 TEHRAN, Sep. 02 (MNA) – Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafei said although the country is home to different tourist attractions with breathtaking views, Iran’s share of tourism in the world stands at 0.5 percent. He made the remarks on Monday in a meeting with the Acting […]
Tehran Stocks Continue Rally
EghtesadOnline: Tehran stocks started trading week in positive territory as commodity stocks gained traction amid upbeat trends in international markets and positive signals from domestic political developments. The main gauge of Tehran Stocks Exchange gained more than 5,400 points on Saturday, climbing nearly 2% to extend a winning streak into the fourth day. Reviews by […]
Banks in Iran Record Double Digit Growth in Deposits
EghtesadOnline: Total deposits with Iranian banks and credit institutions stood at 21,311.2 trillion rials ($190.27 billion) at the end of the second calendar month to May 21, according to a report by the Central Bank of Iran. Published on CBI’s website, the regular report indicates 26.6% growth compared to the same month last year. Deposits […]
Deputy Minister Appointed Iran Khodro Chief
EghtesadOnline: Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO. Former IKCO chief, Hashem Yekezare, was sacked last Monday for “increasing car prices” without securing the required permits, IRNA reports. Yekkezare, 63, was at the helm of IKCO since August 2013. Iranian car companies have been […]
Iran, Turkey in talks to launch Tehran-Istanbul railway
2 Tehran (ISNA) – Iran Railways CEO, Saeid Rasouli said Tehran-Istanbul railway will be launched in the near future. Rail transport area is one of the most important subdivisions of developing international transport. During recent six months, Tehran-Ankara and Tehran-Van railways have been launched which was considerably welcomed by passengers, according to railway officials and […]
Banks’ Surplus Assets Fall Out of Favor
2 EghtesaadOnline: While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done. The primary problem is that in most, if not all, cases there are no buyers or the potential buyers can’t afford the (high) prices demanded by banks whose lending and […]
Cigarette Production Up 42%
EghtesadOnline: A total of 18 billion cigarettes were produced in Iran during the first four months of the current fiscal year (started March 21), registering a more than 42% growth compared with the corresponding period of last year, ISNA reported, citing the Ministry of Industries, Mining and Trade’s data. The ban on imports is […]
Kish Air launches Mashhad-Herat direct flight
2 TEHRAN, Aug. 23 (MNA) – The Director General of Khorasan Razavi Airports Company Mohammad Bagher Ghasemzadeh on Fri. announced the launch of Mashhad-Herat flight route by Kish Airlines. The air route between Iran’s Mashhad and Afghanistan’s Herat was launched by Kish Air due to the cultural, political, religious and economic commonalities of people of […]
South Pars Gas Field to Boost Output
2 EghtesadOnline: In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the third offshore deck of SP Phase 23 was shipped Wednesday to its designated location, the deputy in charge of developing phases 22-24 said. “Weighing 2,500 tons, the structure was loaded on a barge in Iran […]