Week in Brief

Week in Brief 14.12.2018

With rising exchange rate over the past months, people buy more local cosmetic products. Iran has the second largest cosmetics market in MENA region (Middle East and North Africa), after Saudi Arabia. Iran’s cosmetics market […]

Industries

Iran’s export might drop?

After oil, petrochemical products make the majority of Iran’s export. Now with the return of the sanctions, fears of drop in export of petrochemicals increase. Iran’s petroleum Minister, Bijan Zanganeh, expresses his concerns about the […]

Week in Brief

Week in Brief 23.11.2018

Iran and Russia want to collaborate in creating a block-chain-based money transfer system. A system which the Central Bank of Iran says can be a replacement for SWIFT. Last week, SWIFT announced that it will […]

Markets in Brief

Markets in Brief 23.11.2018

The 8th Iranian month, Aban, has proved to be the worst for Tehran Stock Exchange (TSE) over the past four years. Despite flourishing market last summer, during the last month the market main index, TEDPIX […]

Industries

Lost market for Persian carpets

Iran has lost the largest market for its handwoven carpets due to long-term sanctions. Razi Haj-Aqa-Miri, Head of Export Union of Tehran Chamber of Commerce, says that since the revolution Iran has lost American market […]

Week in Brief

Week in Brief 10.08.2018

On Monday the US government snapped back the sanctions on several industries in Iran, including the automotive industry, aerospace industry, precious metals, etc. A day before the return of sanctions, five new ATR aircrafts of […]

Week in Brief

Week in Brief 11.05.2018

On Tuesday, Mr Trump pulled America out of the nuclear deal with Iran, giving 90 to 180 days to the companies and foreign governments to wind-down their businesses with Iran. Iran, however, picked a rather […]

Week in Brief

Iran Economy in Brief – No. 61

Arrival of new Airbus revives Iran Air Iran Air, once one of the world’s leading airlines, has turned to a loss-making company over the past decade, but the arrival of new Airbus air crafts could […]

Industries

Arrival of new Airbus revives Iran Air

The second new Airbus, purchased after the lifting of sanctions, which is an Airbus A330-243, landed in Mehrabad International Airport on Saturday morning, March 11. During sanctions, the Iranian avionics industry suffered greatly. Abbas Akhundi, […]