EghtesadOnline: A weak local currency has proved to be a boon to Iran’s inbound tourists while a nemesis to its outbound tourism industry, at least twice in the past decade.
EghtesadOnline: An estimated 2.35 billion transactions worth 2,617 trillion rials ($23.05 billion) were processed by Iran's domestic payment network, Shaparak, during the fiscal month to August 22.
EghtesadOnline: The Sixth Iran Gas Trunkline (IGAT-6)–a major element of the national gas grid – is to be inaugurated by President Hassan Rouhani soon, managing director of the National Iranian Gas Company said on Wednesday.
EghtesadOnline: Deals have been signed by knowledge-based companies, startups and traditional manufacturing units to boost the domestic food industry.
EghtesadOnline: The production volume of Iran’s apparel industry is half its nominal capacity, according to Reza Taziki, an official with the Ministry of Cooperatives, Labor and Social Welfare.
EghtesadOnline: Iran National Innovation Fund intends to offer local knowledge-based companies aid packages to the tune of 500 billion rials ($3.8 million) in the form of loans to empower tech companies in the country.
EghtesadOnline: Half the capacity of Iran's 9,000 textile and clothing manufacturers remains untapped due to credit crunch, poor sales and sanctions, a board member of Iran Textile Specialists Association said.