EghtesadOnline: A total of 214 million liters of engine oil were produced by Iran’s four major companies in the first half of the current Iranian year (March 21-Sept. 22), registering a 24% rise compared with the similar period of last year.
EghtesadOnline: Vice President for Science and Technology Sorena Sattari says compared to other sectors, the recent volatility in the forex market has had a “slight” impact on knowledge-based firms. But businesses argue that the economic headwinds have led to a significant decline in demand for services, and when paired with increased overhead, have put companies under the cosh.
EghtesadOnline: Automakers will soon receive the okay from relevant authorities to increase prices once again, a deputy minister of industries said. Bad news that translates into a simple message for the common man: cars are gradually becoming luxury items most families cannot afford anymore.
EghtesadOnline: Small- and medium-sized enterprises account for just over 10% of Iran's total exports, according to Managing Director of small Industries Investment Guarantee Fund Mohammad Hossein Moqeiseh.
EghtesadOnline: The findings of the recent National Population and Housing Census show Iran’s nomad population is 1,186,830, of which 51.3% are men and the rest women.
EghtesadOnline: New figures show that due to volatile currency fluctuations in recent months, which triggered steep price surges in the housing market and threatened the long-term outlook of the beleaguered housing sector by discouraging new construction.
EghtesadOnline: Following a boom in the number of startups in assorted fields of urban development, Tehran Municipality will provide such firms affordable workplaces.
EghtesadOnline: Members of Commonwealth of Independent States (CIS) along with representatives from other countries including Iran and officials from the International Telecommunication Union converged in Ashgabat on Oct. 9-10 to discuss collaboration in information and communication technologies.
EghtesadOnline: Tehran Municipality should be in charge of regulating the affairs of ride-hailing companies, the mayor says, but the head of Iran e-Commerce Union hold the view that as per law his organization has jurisdiction over such firms.
EghtesadOnline: The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70 million) worth of bonds and sukuk for financing Iran Air’s new plane orders.