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EghtesadOnline: Here are Iran's economic news headlines for October 23:

1. irst Vice President Es’haq Jahangiri: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has given the nod for the allocation of $500 million from the National Development Fund of Iran to support local producers of pharmaceutical products. (IRNA) 

2. Russian Minister of Economic Development Maksim Oreshkin: Removal of Iran from oil market is not practical. (IRNA) 

3. Nayereh Pirouz-Bakht, the head of Institute of Standards and Industrial Research of Iran: Iran and Russia have the capacity to make up for the sanctions [reimposed by the United States]. (IRNA)

4. Tehran’s police chief, Brigadier Hossein Rahimi: Selling and purchasing foreign currency by street dealers are forbidden. People should refer to currency exchange shops to carry out such transactions. (

5. Outgoing Minister of Roads and Urban Development Abbas Akhoundi: Simultaneous landing and takeoff of two airplanes is now possible at Tehran's Mehrabad International Airport. (Mehr News Agency)

6. Syrian Ambassador to Iran Adnan Mahmoud: Syria’s gates are open to Iranian economic actors for the reconstruction of the war-torn country. (IRNA)

7. Malaysian envoy to Iran, Octavino Alimudin: Malaysia-Iran trade has experienced a 150% rise compared with last year. (IRNA)

8. Uzbekistan Ambassador to Iran Bakhodir Abdullaev: A total of 117 enterprises in Uzbekistan are working in partnership with Iranian economic operators and traders. (IRNA)

9. Managing Director of Iran Water Resources Management Mohammad Haj-Rasouliha: Annual average precipitation [in Iran] has decreased to 200 mm from 250 mm over the past 11 years. (IRNA)

10. Tehran Mayor Mohammad Ali Afshani: The money from selling 7,000 billion rials ($50.9 million) worth of bonds have recently been deposited in Tehran Municipality's account. (IRNA)

11. President of Trade Promotion Organization of Iran Mojtaba Khosrotaj: As few as 500 companies account for 82% of Iran's exports. (IRNA)

12. Farshad Momeni, economist: Consumer goods account for 99% of all commodities smuggled into Iran. (IRNA)

13. Mohammad Baqer Olfat, the deputy head of judiciary for social affairs: Inefficiency of customs procedure is one of the main causes of smuggling. (IRNA)

14. Pejman Azadi, the head of Flower and Ornamental Plants Association of Iran: Iran has the capacity to export up to $1 billion worth of flowers and ornamental plants per year, yet only 5% of this sum have been realized. (IRNA)

15. Director of IT Department of Institute of Standards and Industrial Research of Iran Mostafa Ramandi: Out of 130,000 manufacturing units licensed by the Ministry of Industries, Mining and Trade, only 19% are complying with ISIRI standards. (IRNA)

16. Abbas Abrishami, the head of Iran’s National Union of Elevator: Ninety percent of elevators [in Iran] are substandard. (IRNA)

17. Hassan Salehi, the head of Iran Fisheries Organization: Per capita fish consumption in Iran is half the global average of 21 kilograms. (ILNA)

18. Alireza Kolahi Samadi, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture: Turkey and Saudi Arabia don't have a copper mine, but the duo’s copper exports are 10 times more than Iran’s. (IRNA)


Iran Headlines Economic News