Industry
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Samsung Next pulls out of Israeli tech industry
In a new win for Boycott, Divestment, Sanctions (BDS) movement, Samsung Next, which has invested in some 70 Israeli start-ups so far, is the latest to join the list of companies that have left…
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No Increase in Tire Prices
EghtesadOnline: The Organization for Protection of Consumers and Producers has postponed a review of tire prices to the first month of the next fiscal year (starting March 21), according to the…
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Copper Industry’s H1 Output Under IMIDRO Review
EghtesadOnline: The National Iranian Copper Industries Company produced 178,784 tons of copper anode in the current fiscal year’s first six months (March 21-Sept. 22), unchanged from last year’s…
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Iran Buying Record Volume of Wheat After Worst Drought in 50 Years
EghtesadOnline: Iran needs to buy a record 8 million tons of wheat in the current season, Iranian industry sources said, after its domestic crop was hit by drought.
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Cheap Shoe Imports Hurting Domestic Footwear Industry
EghtesadOnline: The import of cheap and low-quality footwear has caused serious damage to domestic shoe industry, says Ali Lashgari, a board member of Iran’s Chamber of Commerce, Industries,…
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Iranian Auto Parts Makers Beleaguered
EghtesadOnline: The procurement of raw materials and key components in Iran’s auto parts manufacturing sector has been beleaguered by US sanctions, an industry insider said.
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Downstream Copper Industry Output Under IMIDRO Review
EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced 108,367 tons of copper concentrate…
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Medical tourism is an expanding industry as people travelling abroad for getting treatment
EghtesadOnline: Every year, hundreds of millions of people travel abroad to experience a new culture and enjoy the sun, the beach, the mountains, or famous art and architecture. However, another…
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Iranian Banking Industry Wants Definite Sanctions Relief
EghtesadOnline: Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers.
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IMIDRO Surveys Copper Industry Output in Fiscal 2020-21
EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 355,612 tons…
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Desalination Industry Thriving in Hormozgan, But Worries Linger
EghtesadOnline: The number desalination plants in southern Hormozgan Province has increased threefold in the past six years, but such development projects should be given higher priority as water…
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Home Appliance Industry Turnover Reaches $7 Billion
EghtesadOnline: Home appliance industry turnover, including chinaware and crystal glassware, amounts to a maximum $7 billion, of which $2 billion are attributed to smuggling, says Abbas Hashemi,…
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IMIDRO Reports on Downstream Copper Industry Output
EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced 292,715 tons of copper anode…
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Elevator Industry’s Import Needs Halved
EghtesadOnline: Iran currently imports close to $100 million worth of raw materials, spare parts and equipment to manufacture elevators per year, which is half the amount imported in the fiscal…
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Official: Feed Shortage Could Induce Chicken Imports
EghtesadOnline: Problems related to the supply of livestock and poultry feed have not yet been solved, Majid Movafeq Qadirli, the head of Iran Feed Industry Association said.
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Bitumen Price in 2020; an Overview of Price Collapse in the Bitumen Industry
Bitumen prices started 2020 with an unprecedented increase: the product was trading around $340-345/t in January. Many political incidents including the Middle East tensions supported the elevated…
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Egg Production Industry in the Doldrums
EghtesadOnline: High prices of livestock feed, low ceiling for egg prices set by the government and hefty export duties are adversely impacting egg production industry.
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Dilapidated Fleet Main Challenge Facing Trucking Industry
EghtesadOnline: Critical issues facing private sector players of trucking industry are mostly structural and existed even before the outbreak of Covid-19.
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Iran’s Gas Industry Growth Noticeable
EghtesadOnline: Despite difficulties including geostrategic challenges and the recent coronavirus pandemic, Iran has made noticeable progress in its energy sector.
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Desalination Industry Takes Off
EghtesadOnline: The Energy Ministry started 250 power and water projects in this fiscal year (March 2020-2021) with $1.7 billion. So far 122 projects costing $1 billion have been completed, including…
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$20m in Loans to Help Revive Inactive Mines
EghtesadOnline: An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which…
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Petrochemical Industry Reports $15b Revenue
EghtesadOnline: Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National…
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3 Petrochemical Projects Come Online
EghtesadOnline: Three petrochemical projects became operational in the past week and will help complete the value chain of the key industry as the country gradually moves away from an oil economy…
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Big Oil Patchy Deals Record Casts Shadow Over Green Makeover
EghtesadOnline: As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is red flag…
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50+ Research Projects Help Improve Petrochem Industry
EghtesadOnline: Fifty research projects are underway at subsidiaries of the Persian Gulf Petrochemical Industries Company, director of planning and development said Wednesday.
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Oil Companies Wonder if it’s Worth Looking for Oil Anymore
EghtesadOnline: A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured…
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Petrochem Industry Targets 133 Million Tons Output p.a.
EghtesadOnline: With the launch of 13 petrochemical projects by March, Iran’s petrochemical production capacity will reach 90 million tons per year from the current 70 million tons.
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Tough Times Ahead for Iran Auto Parts Makers
EghtesadOnline: Iran’s auto part production sector is having a hard time procuring the raw material and key parts from foreign sources due to the restrictive US sanctions, an industry insider…
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Adequate Urea Fertilizer Available to Farmers
EghtesadOnline: There is no problem in the production and allocation of urea fertilizer quotas, director of Iran's Association of Petrochemical Industry Corporation said.
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Gas Export Not a Priority
EghtesadOnline: The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth…