Seafood production in Iran annually accounts for close to 10% of the average value of agro exports The seafood industry has created close to 82,500 jobs in Iran Reported by HPMM Group according to FINANCIAL TRIBUNE ;     Iran exported some 68,000 tons of seafood worth $228 million during the eight months to Nov. 21, registering […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     An Iranian knowledge-based firm for the first time has launched a mass production line for medical ventilators used in the Intensive Care Unit. As reported by Iran’s Vice Presidential Office for Science and Technology, the first production line for domestically-produced medical ventilators was inaugurated by Vice […]

The release of inflation rates for each of the 10 deciles will enable the government to locate the target population of its welfare policies and help develop better plans for both high- and low-income households Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The year 2017 has come to an end with Iran’s economy […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;      The Japanese government started Official Development Assistance (ODA) activity in Iran in 1957 and Japan International Cooperation Agency (JICA) affiliated to the government of Japan officially established a Tehran office in 1974. During the almost 60 years of Japan’s assistance for Iran, JICA has helped Iran […]

An increase in foreign exchange rates in the coming year would decrease the value of imported goods in dollar terms while increasing tax revenues Import tax revenues will stand at 231.99 trillion rials ($5.04 billion) at the end of the current fiscal year (March 20, 2018) Reported by HPMM Group according to FINANCIAL TRIBUNE ;    […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The improved performance of Iran’s automotive industry this year, spurred by the removal of international sanctions in early 2016, had a positive effect on flat steel use and spiked consumption figures. In the first half of the current Iranian year (ended Sept. 22), the country’s apparent […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The High Council of Free Trade Zones has announced that a draft version of regulations for the operation of international financial institutions (IFIs) in the zones has been devised and is pending the Cabinet’s approval. According to Morteza Bank, the council’s secretary, one of the visions […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The new shipping route launched between Iran’s Khorramshahr Port and Oman’s Sohar Port on Saturday is expected to increase bilateral trade to $5 billion in the next four years, the chairman of Iran-Oman Chamber of Commerce said. Mohsen Zarrabi added that trade between the two countries […]

Nestle now has a 93% share in Iran’s market for baby cereal and a 49% share for infant formula; it has created 900 direct and 2,000 indirect jobs; and exports from Iran to all Middle Eastern countries, except Saudi Arabia Reported by HPMM Group according to FINANCIAL TRIBUNE ; Global businesses started to reconsider their […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;     The funds attracted from the Eximbank of Russia will be mainly used for implementing infrastructure projects and not importing consumer goods, the director of the Organization for Investment, Economic and Technical Assistance of Iran announced. “After the agreement between the presidents of Iran and Russia, executive […]