Iran Economic News Headlines - May 10

EghtesadOnline: Here are Iran's economic news headlines for May 10:

News ID: ۷۸۴۶۵۰

11 May 2019

1. Governor of the Central Bank of Iran Abdolnasser Hemmati: Don’t make investment in the forex market based on political variables. (IRNA)

2. Afrouz Bahrami, managing director of Export Guarantee Fund of Iran: Depreciation of national currency offers an opportunity to improve exports. (IRNA)

3. Jamshid Barzegar, the head of Iranian Housing Mass Builders Association: One million homes should be built in Iran annually. (IRNA)

4. Mohammad Baqer Nobakht, the head of Plan and Budget Organization: People will see the positive effects of subsidized foreign currency in the import of essential goods soon. (IRNA)

5. Managing Director of Iran’s MAPNA Industrial Group Abbas Aliabadi: Germany’s Siemens AG maintains its cooperation with MAPNA. (Fars News Agency)

6. Mohammad Reza Modoudi, caretaker of Trade Promotion Organization of Iran: We need to focus on exports to neighboring countries more than ever. (ICCIMA’s website)

7. Iranian Ambassador to India Ali Chegeni: India will decide on oil imports in the face of US sanctions as per its national interests, but New Delhi is not expected to ignore a reliable energy supplier such as Tehran. (IRNA)

8. Hadi Haqshenas, the deputy head of Ports and Maritime Organization: None of the Iranian vessels has been apprehended due to sanctions. (ILNA)

9. Farzaneh Sharafbafi, former chairwoman of Iran Air: Turkey will resume fuel supply to Iran Air planes as of May 10. (IRIB News)

10. Deputy Economy Minister Mohammad Ali Dehqan: Tax exemption for exporters will be revoked, if they fail to repatriate their foreign currency earnings. (Otaghiranonline.ir)

11. Abbas Hashemi, director general of Metal Products and Home Appliances Department of Industries Ministry: Eighty-five percent of electrical appliances in the Iranian market are made locally. (IRNA)

12. Economy Minister Farhad Dejpasand: Unnecessary overhead costs should be removed in governmental agencies. (IRNA)

13. Deputy Industries, Mining and Trade Minister Jafar Sarqeini: Over 10 million tons in new capacity will be added to Iran’s steel production chain this year. (IRNA)

14. Minister of Industries, Mining and Trade Reza Rahmani: The government is planning to increase steel output to 28 million tons in the current [fiscal] year (March 2019-20). (IRNA)

15. Deputy Minister of Industries, Mining and Trade Khodadad Gharibpour: Last year’s [March 2018-19] exports by Iran’s mining sector exceeded $9 billion. (IRNA)

16. Deputy Roads Minister Maziyar Hosseini: The construction sector outpaces nearly every other economic sector when it comes to job creation. (IRNA)

17. Saeed Soltani, director general of the Central Union of Animal Husbandry: Middlemen pocket 60% of the retail prices of meat. (IRNA)

18. Kioumars Solgi, managing director of the Association of Housing Philanthropists: Our association is building 14,200 homes for persons with disabilities. (IRNA)

19. Hassan Forouzanfar, a senior member of Tehran Chamber of Commerce: Rain was God’s blessing for Iran’s drought-stricken areas while officials seemed content to sit on their hands regarding Iran's water shortage. (Tccim.ir)