Iran exports to Malaysia has grown fivefold over the past eight months as compared to a similar period last year.
The latest reports by the IR of Iran customs office on trade in the past eight months show that 434 thousand and 675 tons of commodities have been exported from Iran to Malaysia, comprising 0.55% of Iran’s total export weight.
The implementation phase of the North-South Transport Corridor (NSTC) will begin from next month.
S Kumar, India’s high ranking customs officer, said: “New Delhi will begin its cargo export from mid-January 2018 to Russia via Iran and the Republic of Azerbaijan.”
On Saturday 9 December 2017, Reuters Business News wrote Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi said on Saturday.
The Chairman of the Securities and Exchange Organization of Iran said: “Presently, over 20 thousand billion rials worth of foreign investment has been made in the Iranian stock exchange, mostly following the JCPOA 2015 nuclear agreement with world powers.”
Central Bank of Iran Chief has announced the “Iran-Russia” switch card global payment systems will become operational as from 10th December, and said: “This linkup will enable the citizens to use their cards when traveling in either country.”
Phase I of Shahid Beheshti Port in Chabahar was inaugurated by the Iranian President and 60 foreign guests from 17 countries. The opening of Phase I has increased Chabahar’s capacity as a port by 8.5 million tons. This figure will go up to 80 million tons in the last stage.
The French Decathlon brand, the world’s largest sporting goods retailer has officially entered the Iranian market by signing a contract with “Mega Pars”.
This is the first time a large brand is entering the Iranian market by registering its company directly and managing its own store. Prior to this, only Turkish brands and chain stores were on the Iranian market through intermediaries.
The largest trilateral contract has been signed between Iran and the Iran-S Korea consortium (Iranian IRICO and S Korean Rotem) for wagon production. Based on this contract worth Euros 720MM, 450 wagons will be manufactured as a joint venture within the next six and a half years. The first of such wagons will be delivered to Iran in a year and a half.
The Tehran Stock Exchange index grew by 1130 units on Saturday 25 November 2017, to break its own record for the first time in half a century by crossing the 90 thousand-unit limit to 90 thousand 469.
Previously, the highest exchange rate index was on 2 January 2013 at 89 thousand 500 units. After that, the stock index experienced a downward trend.
The young 10-year old Iranian boy, Hossein Atayi Sangrudi from Karaj has already 16 inventions in his portfolio. Six of these are in the process of being registered. His inventions include the VTOL three-modality drones, gunboats, office furniture, miniature sprayer, multipurpose control for smart TVs, and so on.
In an interview with Persia Digest, Adib-Moghaddam said: It is imperative that Iran gets even closer to the EU, not least to keep the communication with Washington going, and to minimize misperceptions.
The German Schiller Group Concert is taking place in Tehran for the first time.
Christopher von Deylen, will be traveling to Tehran with his Group for the first time in mid-December to stage a concert at the Hall of the Ministry of the Interior over two nights on 11-12 December, at 21h30.
One year ago today, it was on 20 January 2017 that plumes of thick smoke rose to the sky and brought the bad omen of the famous Plasco building burning in central Tehran; an old city landmark and commercial center that lived only for 53 years before going up in smoke.
The 36th Fajr International Theater Festival is celebrating the works of three of its veterans, Ahmad Damud, Hushang Azadivar, and Jamshid Khanian. Their names have been printed in the Festival catalogue and the date has been set for the closing ceremony.
Artist: Constantinople Band
Genre: World music
(Persia Digest) – “Vermiculus” is performed by the Iranian-Canadian band “Constantinople”. It is a fusion piece of European music played with “Daf” percussion instrument. Percussion instruments can be combined with music from around the world.