EghtesadOnline: While banking hurdles and a volatile forex market have hindered PSA Group’s operations in Iran, the French company’s executive vice president for Africa-Middle East says it is expanding its presence in the country and has signed agreements with 76 local parts makers.
EghtesadOnline: The government has allocated 31.17 trillion rials ($660 million) for the installation of modern irrigation systems in farmlands across the country, of which 41% (close to $270 million) have been invested so far.
EghtesadOnline: As hard currency prices continue on the skyward trajectory in Tehran market the price of computer devices do not want to be left behind. Head of Tehran IT Union says that the prices have shot up 15-20% in the past few weeks.
EghtesadOnline: Amid low precipitation and water shortage, the government is going to place restrictions on the cultivation of crops in areas of the country where underground water resources are at alarming levels as of the upcoming Iranian year (starting March 21), says Agriculture Minister Mahmoud Hojjati.
EghtesadOnline: Home prices will rise at a rate higher than the inflation–currently hovering at 10%–in the next fiscal year that starts on March 21, the head of Tehran Association of Realtors said.
EghtesadOnline: Managing directors from French automotive companies PSA Group and Renault say Iran is seen as an appealing market by global carmakers. Renewing their companies’ commitment to major agreements with Iran carmakers, the two men emphasized that they are here to stay.
EghtesadOnline: Tehran home prices and deals were up in the third quarter of the current fiscal year to Dec. 21 on an annual basis, but the number of rental contracts for residential units showed a declining trajectory, the Statistical Center of Iran announced.
EghtesadOnline: The Fifth Iran Automotive Industry International Conference opened Tuesday at the iconic Milad Tower in north Tehran. Managing directors from French automotive companies PSA Group and Renault were in attendance, the IAIIC website reported.
EghtesadOnline: The Court of Administrative Justice has issued an order suspending the Rouhani administration’s latest amendments to auto import rules that have created chaos in the market and pushed up prices. As per the court ruling, import tariffs on vehicles should be rolled back to before the Dec. 30 amendment.
EghtesadOnline: You can now download and read ebooks for free when taking a ride on the Tehran subway. Startup and major ebook publisher Fidibo has launched a new service, providing commuters with free but limited access to an extended collection of ebooks.