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The Saga of Failed Privatization

EghtesadOnline: Successful privatizations across the world show they started a gradual process of handing over small firms and industries from state hands to private entities and then expanding to large-cap companies and monopolistic industries.
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Publish Date:10/November/2020 | 14:18

Iran's Power Consumption Declines

EghtesadOnline: Farming communities and industries cut their power consumption (by turning off water pumps and machinery) in the hot season (June-August) by 2 billion kilowatt hours, the Energy Ministry spokesman for the power department said.
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Publish Date:29/October/2020 | 24:20

CBI, Ministry of Industries Must End Currency Chaos

EghtesadOnline: Behshahr Industrial Group, the largest producer of edible oils and fats in Iran said it has suspended production for nine days starting Oct. 22 over the Central Bank of Iran’s failure to provide foreign currency to import unprocessed oils.
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Publish Date:27/October/2020 | 24:02

90 Percent of South Khorasan Industries Linked to Gas Grid

EghtesadOnline: Close to 90% of manufacturing and industrial units in 23 industrial towns across South Khorasan Province are connected to the national gas grid, the managing director of the provincial gas company said.
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Publish Date:22/October/2020 | 20:14

TCCIM to Hold Two Courses, One Workshop in Autumn

EghtesadOnline: The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries , Mines and Agriculture, is scheduled to hold two specialized courses, one on export, and the other on key import factors, as well as an online workshop on negotiation techniques in autumn.
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Publish Date:22/October/2020 | 20:05

IDRO Producing API 610 Pumps

EghtesadOnline: Heavy Duty Pumps and Water Turbine Manufacture Company (Petco) designs and manufactures assorted pumps for the gas and oil industries with indigenized materials, knowledge and expertise without the need to import technology, head of mechanical design and technical-engineering affairs said.
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Publish Date:11/October/2020 | 20:22

Growth in Production of 16 Industrial Commodities

EghtesadOnline: The Ministry of Industries , Mining and Trade's review of the first five months of the current Iranian year (March 20-Aug. 21) shows the production of 16 industrial products (out of 28 under review) registered growth during the period compared to the corresponding period of the year before.
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Publish Date:04/October/2020 | 24:47

Power Industry Future at Risk

EghtesadOnline: Iran’s power industry has not developed as would have been expected in the last eight years, head of the Federation of Iranian Energy Exports Industries said.
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Publish Date:30/September/2020 | 14:24

Industrial Productivity Growth Low Despite Rising Power Consumption

EghtesadOnline: Power consumption of industries has increased by 12% since the beginning of the current fiscal in March compared to a year ago, but the rise has not transformed into decent productivity growth, head of the Mining and Mining Industries Commission of Iran’s Chamber of Commerce, Industries , Mining and Agriculture said.
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Publish Date:28/September/2020 | 19:06

63% Rise in Inbound Cigarette Smuggling

EghtesadOnline; A total of 7.36 billion cigarettes were smuggled into Iran during the five months to Aug. 21, indicating a 63.2% increase compared with the corresponding period of last year, the Ministry of Industries , Mining and Trade reported.
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Publish Date:27/September/2020 | 11:53

Strictures on Use of Commercial Cards

EghtesadOnline: Caretaker of the Industries Ministry says the government will soon put an end to the practice of companies’ renting commercial cards for export.
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Publish Date:25/September/2020 | 19:42

Mineral Products Account for 1/5th of Iran's Total Exports

EghtesadOnline: A new report released by the Iranian Mines and Mining Industries Development and Renovation Organization shows mineral products (excluding oil and its byproducts) accounted for more than one-fifth of Iran's total non-oil exports in the last fiscal year (March 2019-20).
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Publish Date:23/September/2020 | 14:47

Strong Rise in Domestic Home Appliance Production

EghtesadOnline: The domestic production of three types of home appliances has increased, latest statistics released by the Ministry of Industries , Mining and Trade showed.
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Publish Date:22/September/2020 | 13:51

Contraband Cosmetics, Toiletries Flooding Domestic Market

EghtesadOnline: Contraband cosmetics and toiletries currently account for 70% of the Iranian market, which a direct result of the government’s ban on imports of these products since May 2019, a member of Iran Chamber of Commerce, Industries , Mines and Agriculture said.
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Publish Date:21/September/2020 | 14:18

TCCIM to Hold 4 Specialized Courses in Oct.-Nov.

EghtesadOnline: The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries , Mines and Agriculture, is scheduled to hold four specialized courses on global trade, negotiation psychology, payments during sanctions and commerce.
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Publish Date:20/September/2020 | 11:48

Duty-Free Potato Exports Authorized

EghtesadOnline: The export of potatoes has been exempted from tax and customs duties by the Ministry of Industries , Mining and Trade.
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Publish Date:15/September/2020 | 10:02

Domestic Raw Materials Meet 100% of Construction Demand

EghtesadOnline: Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries , Mining and Trade.
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Publish Date:14/September/2020 | 13:02

Rubble Stone Accounts for 25% of Iranian Mines

EghtesadOnline: A total of 2,587 rubble stone mines have been registered in Iran to date, constituting around 25% of the country’s total mines, data provided by the Ministry of Industries , Mining and Trade show.
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Publish Date:09/September/2020 | 11:41

Industries PPI Inflation at 23.8% in Q1

EghtesadOnline: The Producer Price Index of the industrial sector in the four-quarter period ending June 20, which marks the end of the third month of the current Iranian year, grew by 23.8% compared with the same period of the year before.
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Publish Date:06/September/2020 | 24:29

NICICO Sales Grow 40% YOY to $495m in Five Months

EghtesadOnline: The National Iranian Copper Industries Company's sales stood at 120 trillion rials ($495 million) during the first five months of the current Iranian year (March 20-Aug. 21), according to the company’s managing director.
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Publish Date:03/September/2020 | 13:49