Industries

Iran lifts import tax on tea

Ghanoon reports on the tax exemptions for tea importers which has angered domestic tea producers. Approximately, 100 thousand tons of tea is exported into the country annually of which nearly 30 thousand tans is smuggled […]

Industries

Markets in Brief 09.02.2018

Tehran Stock Exchange (TSE) started the week with 0.8 percent decline in its overall index, TEPIX. However, TEPIX recovered part of its fall over the week to closed at 98,300 points on Wednesday. Social Security […]

Financial Sector

Tehran Subway needs 2000 new cars

Line 7 of Tehran Metro which began operations in April, right before the presidential elections; ceased operations in November on orders from Tehran’s new Mayor due to incomplete safety systems. In an interview with Ali […]

Agriculture

Empty dams almost all over the country

This year, 7% less water has flowed into the capital’s dams while 5% more water has flowed out of them. Shahrvand newspaper writes that the situation of the dams is critical. This year rainfall was […]

Automotive

What may German companies lose by waiting

Handelsblatt, the German newspaper, warns the German companies about losing the opportunities in the Iranian market, moving much too much cautiously, while other European and Asian countries are already in operation with their Iranian partners. […]

Automotive

Iranian market’s contribution in PSA’s growth

After the nuclear-related sanctions on Iran were lifted in 2016, French carmakers managed to resume their activities in the country almost immediately. This week, Reuters reported that French carmaker PSA’s (PEUP.PA) global sales jumped by […]

Financial Sector

Airbus may take longer to deliver jets to Iran Air

Airbus confirms that Iran will receive the jets it has ordered after the nuclear deal, but it may takes longer as predicted, reporter Reuters. European planemaker Airbus and its U.S. rival Boeing have agreed to […]

Industries

919 Km of new railway

Over 900 km of railway are to be completed by the end of the Iranian year, Iran newspaper reports. In addition, Iran and Afghanistanwill be connected via railway and the five provinces of Hamedan, Kermanshah, […]