Financial Tribune

Iran private sector proposes rainy day fund

Iran’s private sector has called on the government and lawmakers to create a fund that would sustain businesses in times of hardship.

Iran Chamber

Iran pistachio exports over $850m in 9 months

Some 96,000 tons of pistachios worth $852 million were exported from Iran in the nine months since the beginning of the current Iranian year (March 21-Dec. 21, 2017), Deputy Agriculture Minister Abdolmehdi Bakhshandeh told Mehr News Agency.

Trade

Iran private sector proposes model for economic recovery

Iran Chamber of Commerce, Industries, Mines and Agriculture has proposed an Asian model for economic development to weather the current storms facing the Iranian economy.

Iran Chamber

China freight trains to arrive in Tehran this week

The third, fourth and fifth cargo trains from China to Iran are due to arrive in Tehran by the end of this week, the deputy head of the Islamic Republic of Iran Railways, Mostafa Davoudi, told Financial Tribune.

Transportation

New shipping route to boost Iran-Oman trade

A container ship that left Iran’s Khorramshar Port last Saturday to mark the official opening of Khorramshahr-Sohar shipping route docked at Omani port on Jan. 4.

Transportation

Iran’s eximbank offers incentive package for elite exporters Irans

The Export Development Bank of Iran has devised a package of incentives to support major exporters, entrepreneurs and manufacturers, the bank’s director for branch affairs and marketing announced.

Financial Markets

Imam Khomeini International Airport traffic up 11.3%

Imam Khomeini International Airport registered a traffic growth rate of 11.5% in 2017, 3% higher than the global average.

Transportation

Central Bank of Iran to boost transparency among state-owned enterprises

To finalize the process of transferring the bank accounts of state-owned enterprises to the Central Bank of Iran to boost transparency, the regulator has issued a directive setting a deadline of three months for all the accounts to be moved.

Financial Markets

China opens $1.7b LOC for Iran rail project

China has opened a $1.7 billion line of credit for the electrification of the 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province, five months after a contract was signed for the project in Tehran.

Transportation

Iran’s growth above 5% by 2019: UN

The United Nations has forecast a 5.3% economic growth for Iran in 2017 in its latest World Economic Situation Prospects.

Macro Economy