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Iraq Halts Watermelon Imports from Iran

Deputy Head of Iran Exports Confederation Seyyed Reza Nourani announced on Friday that the Iraqi government has halted watermelon imports from Iran in order to support Kurd farmers harvesting the same product. Iran continues exporting watermelons via Piranshahr's border crossing. “Governments usually take this kind of measures to support local farmers and domestic agriculture. However, the Iraqi businessmen ...

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Pourranjbar Encourages Iranian Companies to Invest in ICT Sector

According to the statistics released on June by the Iranian government, Information and Communication Technology (ICT) industry creates almost 50,000 new job opportunities for Iranians every year. Iran is among the Middle Eastern states suffering from unemployment. Independent studies suggest that around 35% of Iranians are jobless. However, only 20% of Iranians are unemployed according to the surveys condu ...

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Hosseinpour: The Government Should Restore the Value of Iran’s Rial

During the recent two years, Iranian rial lost more than half of its value against U.S. dollar mainly because of economic embargoes imposed by world powers on Iran. The immoderate fluctuations in Iran’s foreign currency exchange markets have made many troubles for different sectors in Iran. Mahmoud Bahmani, the former governor of Central Bank of Iran, announced on Sunday that he was actually unable to resto ...

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Taghvanejad : Iran is Capable of Exporting Agricultural Commodities

Mohsen Taghvanejad, an Iranian scholar, said on Wednesday that Iran is capable of exporting agricultural commodities to international markets, if the Iranian government starts supporting local farmers and businessmen. In recent days, a large number of economists have criticized the Iranian government for not paying subsidies to farmers reaping their products in Iran’s Northern provinces. Accordingly, the go ...

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Indonesian Envoy Vows to Promote Economic Ties with Iran

Dian Wirengjurit, the Indonesian Ambassador to Tehran, said on Monday that Indonesian government is ready to promote its economic ties with Iran, as the new president Hassan Rouhani takes the office. According to the Indonesian envoy, developed and underdeveloped countries prefer to revive their constructive relations with Islamic Republic of Iran. During the recent years, the Iranian government under the t ...

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Zanganeh Supports Building New Refineries in Iran

Despite enjoying the third largest oil reserves in the world, Iran suffers from lack of enough refineries in the country. At this time, there are only 9 refineries operating in Iran. Over the past few years, Iran’s Ministry of Oil had always refused to finance the building of new refineries. Accordingly officials of the Ministry believe that Iran can hardly make money of constructing new refineries since in ...

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Lada Aims to Enter Iranian Car Market

The Russian car manufacturer Lada is planning to enter Iranian car market after almost 35 years. The Russian company used to export its products to Iran under the Shah's reign. Lada is currently manufacturing different models of cars including Niva, Samara 2, Priora, Kalina 2, Granta and Largus. According to local media reports, Lada is expected to export its flagship product Niva to Iranian car market. At ...

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Iranian Government Requested to Control Housing Market

Over the past few years, many Iranians have started investing their funds in housing market in the hope of saving the real value of their money. Last year, Iranian rial lost 50% of its values against foreign currencies. This impacted almost all the economic sectors of Iran in a negative manner. “Currently, low-income households are literally unable to buy a new home or apartment. Young couples are also suff ...

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Private Sector Creates More Jobs than the Public Sector in Iran

The Iranian government under Mahmoud Ahmadinejad has been heavily criticized by local economists for unemployment of youths and educated students. Over the past few years, Iran’s private sector has made more jobs than the public sector, which is mainly administrated by governmental organizations. Some 50% of Iran's economy is reportedly centrally planned, but private sector plays an important role in the na ...

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30 Extra Hotels need to be Built Every Year to Host Tourists in Iran

Iran needs a threefold increase in the number of new hotels to host tourists visiting the country in the best possible way. According to the survey released on July by Iranian Students Tourism & Traveling Agency, Iran lacks high quality hotels and most hoteliers charge premium room rates despite offering poor services. The survey suggests that only a limited number of Iranians book hotels for their vaca ...

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