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First Iranian English Economic Daily financialtribune.com twitter.com/fintribune Contacts, ads: @FTD_ADS_Bot Print subscription: +982142710123 Digital subscription: financialtribune.com/subscription-plans
Iran Steel Exports Climb 27%
Major Iranian steelmakers exported 4.56 million tons of semi-finished and finished steel products during the first eight months of the current fiscal year (March 21-Nov. 21)
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Boris Johnson Discusses Economic Ties, JCPOA in Tehran
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Iran Budget Bill in Parliament on Sunday
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No Tampering With Nostalgic Naderi Cafe
Plans to change the outdoor area of Naderi Café and Hotel, Tehran's only nationally inscribed cafe, were scuttled, thanks to the timely action of Iran's Cultural Heritage, Handicrafts and Tourism Organization and municipal officials.
Late last week, unofficial reports said the owners of the property intend to divide the cafe's garden by building a wall.
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Iran Budget Bill in Parliament on Sunday
President Hassan Rouhani is scheduled to submit the budget bill for the upcoming fiscal year (March 2018-19) to the parliament on Sunday after the Cabinet approved it on Wednesday, the government spokesman and president of Planning and Budget Organization said.
“One of the features of next year’s budget is the performance-based allocation of budget to each governmental body and not the traditional method of distributing the money according to the treasury inflows,” Mohammad Baqer Nobakht was also quoted as saying.
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Hungary’s economic presence in Iran is expanding goo.gl/WG8py2
Ikarus Signs Deal to Export 1,000 Buses to Iran goo.gl/kKEKn
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Transporting oversized loads in Iran - #abnormalload #oversizeload
Efforts behind the scene 💪🏼
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Madrid to Guarantee Spanish Investments in Iran
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Iran's South Pars Gas Field Ph.14 Coming to Production
"The first gas flare of Phase 14 is now burning"
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Tehran Traffic or Warzone?
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Hungary Intends to Up Iranian Crude Imports goo.gl/KUq2SC
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#Iran, Asian Consortium Sign Solar Joint Venture
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Mushrooms Finding Way Into Iranian Food Basket
Report
The consumption of mushroom in Iran has been growing in the last five decades. Currently, 700 hectares of land are under mushroom cultivation across the country.
Malard Mushroom Factory, established in the fiscal 1985-86, is the biggest mushroom cultivation spot in Asia, ILNA reported.
Hossein Riahi, the owner, said currently the factory has over 100 cultivation shelters while the number was only 13 when the factory became operational.
According to Riahi, the factory exports over 20 tons of mushrooms to Iraq, Kuwait, Qatar and Turkmenistan on a monthly basis. Read More
Rouhani Inaugurates Port Dubbed "International Gateway"
On Sunday, President Hassan Rouhani inaugurated the first phase of Chabahar’s Shahid Beheshti Port in the southeastern province of Sistan-Baluchestan, in the presence of some 70 visiting dignitaries from 17 countries.
In the president's words, the inauguration of the first phase of Shahid Beheshti Port marks a historic day for Iran, particularly for the people of Chabahar.
"Chabahar will turn into the biggest port of the country in the future and would be of considerable significance both politically and economically. The project is specifically important, as it connects the trade corridors passing through Iran to the ocean,” he said. financialtribune.com/articles/domestic-economy/77292
Volvo FH16 to Enter Iran Market
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Households to Drive Iran's Gas Demand in Cold Season
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UK Foreign Secretary Boris Johnson meets his Iranian counterpart Javad Zarif in Tehran
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Iraqi, Turkish Interest in Iran's Gas Station Market
Iraq and Turkey are willing to cooperate with Iran in expanding and modernizing the country's aging gas stations, managing director of filling stations' planning and research center said.
"Preliminary negotiations have been held with private enterprises from Iraq and Turkey, and they are ready to transfer the much-need technical know-how to Iran to install advanced equipment in gas stations," Ali Maneshi was quoted as saying by Mehr News Agency on Thursday. Iran's state-run gas station and fuel market, which has been closed to foreign companies, "has a great potential for attracting investors", Maneshi said, adding that holding regular international conventions can help the country introduce the unique opportunity to those who are interested in investing in the lucrative business.
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MRC: No Currency Shock Till March
The research arm of the Iranian Parliament has published a report on the status of the country’s foreign exchange market in the coming months, predicting a mostly stable environment by the end of current fiscal year (March 20, 2018).
Majlis Research Center confirms that the current rates of foreign currencies in Iran’s market are not so different from their real rates when accounting for trade volume, capital flow and difference between domestic and foreign inflation, among other things.
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Bulgarian Company Plans Solar Investment in Iran
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UK Foreign Secretary Boris Johnson will travel to Tehran on Saturday
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Banks Shed $3.5b in Excess Assets
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India to Export Container Cargo to Russia Via Iran
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Privatization of Insurance Companies is a Must
Report
Iran's biggest annual insurance event played host to two ministers on Monday, one of whom vowed that he will be a catalyst rather than an impediment to insurance privatization for the country to faster achieve its vast potential in the industry.
"The privatization of insurance companies is a must and as I am personally of the belief that the three insurance companies owned by the government Asia, Alborz and Dana must be divested, I will vigorously follow up that process," Minister of Economic Affairs and Finance Masoud Karbasian told the 24th National Conference on Insurance and Development held in Tehran on Monday. Read More
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Tehran Lauds Its Best Exporters
Report: goo.gl/1Rp7xX
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BRICS Accounts for One-Third of Iran’s Non-Oil Trade
Trade between Iran and BRICS member countries amounted to $18.26 billion during the eight months to Nov. 22, which comprises one-third of Iran’s non-oil trade during the period.
The latest data released by the Islamic Republic of Iran Customs Administration indicate an 8.12% growth in trade between Iran and BRICS member states compared with last year's corresponding period.
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Gold Coin Auctions to Continue
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Currency Market Heats Up
Report
The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.
On Sunday, the rial was quoted at 41,550 to the dollar, inquiries by Financial Tribune showed, although higher rates were also reported by the local media later in the day.
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European account for around 40% of #Iran oil exports
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Chabahar, Iran’s Sole Oceanic Port Opens
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