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Why Invest in Iran ?

There is no doubt, Iran has a lot of potential. It is a country that boasts a domestic market of 70 million people, 11% of the world’s proven oil reserves, 15% of the world’s proven gas reserves, 11 petrochemical complexes, 3 major steel plants and much more.

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Based on the client requirement, different investment plans suits and fulfill your business and invest requirement.

Education

Highest education rate in region

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Cheap and abundant raw materials, energy and transportation

Connected

High rate of Internet penetration and access to online shopping (74%)

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

Several credit lines expected to be opened for Iran soon: CBI governor

TEHRAN - Central Bank of Iran (CBI) President Valiollah Seif said that Iran expects several credit lines to be opened for the country in near future, IRNA reported on Sunday.

Speaking at an inauguration ceremony in Tehran on Sunday, the official noted that there is a strong will among the country’s foreign trade partners for financing Iranian projects.

“Signing new financial agreements will provide a desirable atmosphere for boosting trade and creating new job opportunities inside the country,” he said.

Seif further mentioned finalizing a €15b agreement with China Development Bank (CDB) and said “hopefully we will sign a general deal in the upcoming days which covers all the financed projects to avoid signing separate contracts.” 

According to the governor, the credit line will be used to fund a wide range of infrastructure and production projects in the country.

The significant credit line will primarily use euros and yuan to bypass the U.S. sanctions.

Chinese state-owned CITIC investment company allocated a $10 billion credit line to several banks in Iran.

Seif said in August that three European countries including Austria, Denmark and Italy are set to open €22 billion credit lines for financing projects in Iran which in addition to the €8-billion credit line to be secured by South Korea’s Eximbank the total value of loan deals will reach €30 billion after Iran’s nuclear accord in 2015.

EF/MA

Ukrainian president, PM back expansion of ties with Iran

TEHRAN- "Ukraine’s president, prime minister, and minister of energy back development of bonds with Iran," the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) quoted the eastern European country’s Deputy Minister of Energy and the Coal Industry Galina Karp as saying on Friday.

In a meeting with ICCIMA Head Gholam-Hossein Shafeie, who took a trip to Kiev leading a high-raking delegation, Karp said that regarding the available wide range of fields for boosting common cooperation, Ukrainian economic enterprises are inclined to collaborate with Iranians on establishing gas and oil pipelines or on renovating, maintenance and establishment of new power plants.

Shafeie, for his part, announced that Tehran has been expanding cooperation with Kiev and considering Ukraine as a gateway to Europe; adding that “expanding economic ties with Ukraine would guarantee Iran’s access to Europe.”

Despite the 30-percent growth experienced in bilateral trade between the two countries last year, the figure can be improved dramatically considering the available potentials and capacities for the two sides. 

HJ/MA

Iran to export polyethylene to Vietnam in 2018

TEHRAN – An Iranian petrochemical complex plans to export near 8,000 million tons of polyethylene to Southeast Asia on a monthly basis in 2018, Platts reported quoting a director of the complex.

According to Amir Kabir Petrochemical Company (AKPC)’s Sales and Marketing Manager Diako Abbasi, the company aims to ship 5,000-8,000 mt/month of polyethylene to Southeast Asia in 2018, with Vietnam expected to be the main target market.

"We see great opportunities in Vietnam, as the packaging and film grade consumption is increasing [in line] with its young population," Abbasi said Friday on the sidelines of VietnamPlas 2017.

Grades that are expected to see good demand include general purpose and heavy-duty linear low density PE, high density PE film, and HDPE pipe grade, he added.

"Our strategy is to bring large volumes of PE directly from Iran to Vietnamese traders, distributors and end-users, without going through intermediaries," he said.

AKPC had sold smaller quantities of PE to Vietnam about two years ago, Abbasi noted.

AKPC operates a petrochemical complex at Bandar Imam with a nameplate capacity of 300,000 mt/year of LLDPE, 300,000 mt/year of LDPE, and 140,000 mt/year of HDPE, and is currently operating at "full rates," according to the company.

EF/MA
 

Iran-Bulgaria business forum slated for early Oct.

TEHRAN – An Iran-Bulgaria business forum is scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s building in Tehran on October 3, ICCIMA portal reported.

In this regard, a trade delegation comprised of renowned Bulgarian business people and entrepreneurs active in various areas including pharmaceuticals, food industries, agriculture, transportation and logistics, lighting supplies, telecommunications, auto parts, construction and safety equipment will be visiting Tehran on the mentioned date to meet with their Iranian counterparts and discuss mutual cooperation.

EF/MA

Tehran, Mashhad to host Belgian businessmen in early Nov.

TEHRAN - A group of Belgian businessmen will embark on a four-day visit to Iran on November 5 to meet with Iranian counterparts in the cities of Tehran and Isfahan, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

The members of the visiting delegation are active in construction, oil and gas, manufacturing machineries, glass, textile, marketing, technology development and etc.

EF/MA

Monthly car output stands at 100,565

TEHRAN- Iranian carmakers manufactured 100,565 vehicles in the fifth Iranian calendar month, Mordad (July 23-August 22), IRIB news reported on Saturday.

Iran manufactured 1.3 million cars in the past calendar year, which ended on March 20.

Former Industry Minister Mohammadreza Nematzadeh has expressed hope that the annual car output will reach 1.6 million by the end of the current calendar year (March 20, 2018).

The share of Iran’s auto industry in the country’s gross domestic product (GDP) is projected to rise by 70 percent in the current Iranian year.

Producing more than one million of automobiles in 2016, Iran could rank first among the world countries regarding the growth in its car production, according to the report released by the International Organization of Motor Vehicle Manufacturers in March 2017.

MA/MG
 

French trade delegation to visit Iran on Sept. 19

TEHRAN – A high-ranking French trade delegation is due to visit Tehran on September 19 to explore avenues of mutual cooperation.

According to a report by Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the delegation will be comprised of French businessmen and entrepreneurs active in various areas including transport, infrastructure, energy, environment, services, agriculture, medicine, aerospace and marketing.

Accordingly, an Iran-France business forum has also been scheduled for the said date in which the two sides will get together to discuss cooperation.

EF/MA

South Korean KOGAS mulling over import of gas from Iran

TEHRAN – South Korean major gas company Korea Gas Corporation (KOGAS) is considering importing natural gas from Iran, Korea Times reported on Thursday.

According to the report, the Asian country intends to diversify its import sources away from the Middle East and Africa. 

KOGAS also plans to explore opportunities to acquire gas field stakes in Iran and also in the U.S.

"Iran is rich in natural gas so we would like to work closely with both public and private energy companies there. But first we will weigh geopolitical risks associated with the Middle Eastern nation before making any business decisions," an official with KOGAS said.

Iran holds the world's largest gas reserves at 1,201 trillion cubic feet, followed by Russia with 1,140 and Qatar with 866.

Currently, KOGAS is involved in 24 natural gas exploration and development projects in 13 countries.

It holds a 10 percent stake in Mozambique's largest offshore field estimated to hold 85, or 1.92 billion tons of natural gas. The company also has stakes in multiple gas fields in Iraq, as well as jointly producing natural gas in waters off Myanmar with POSCO Daewoo.

It holds interests in gas fields in Oman and Qatar, bringing significant amounts of liquefied natural gas to South Korea.

EF/MA

Tehran hosting 4 international expos

TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from September 15 to 18 at the Tehran Permanente International Fairground, IRNA reported on Friday.

The four international exhibitions include international exhibitions on confectionary, civil aviation, beverages and dairy products.

As reported, numerous foreign exhibitors from different countries including Germany, China, United Kingdom, France, Spain, Greece and Italy alongside Iranian participants are showcasing their latest products in Iran’s first International Civil Aviation Exhibition (AERO Persia).

Also, the exhibitors at the second edition of International Dairy Industry Exhibition (IDE 2017) are showcasing their latest products and machinery in this industry.

Meanwhile, the 8th International Beverage, Coffee and Tea Industry Exhibition (IBIE 2017) introduces new products in beverage, tea and coffee industry to the visitors.

Four main categories namely industrial products, traditional confectionary, packing and printing and additives will be covered in the 16th edition of Iran’s International confectionary fair.

EF/MA
 

<div>S. Korea's August oil imports from Iran up 40.2% on year</div>

TEHRAN - South Korea’s August oil imports from Iran increased 40.2 percent from the same month a year earlier, Reuters reported citing the country’s customs data.

The world’s fifth-biggest crude importer Shipped in 365,641 barrels per day (bpd) or 1.55 million tons of Iranian crude in August, compared with 1.1 million tons in the same period in 2016.

Iran has been boosting oil production since Western sanctions over its nuclear program were lifted last year, aiming to increase crude output to 4.5 million bpd within five years.

In the first eight months of 2017, South Korea’s oil imports from Iran were 12.22 million tons, or 368,529 bpd, up 46.7 percent from 8.33 million tons during the same period the year before, the data showed.

South Korea, one of Iran’s major Asian clients, mainly purchases an ultra-light oil, also known as condensate, from the country, but a breakdown of imports is not available. It uses condensate to produce more expensive fuels like naphtha,

For Asian buyers, Iran set the official selling prices of its light and heavy grades at 18 cents and $1.17 respectively below the Oman/Dubai average for August, while it raised September Iranian light oil prices 20 cents higher than those in August.

EF/MA
 

Rohani’s upcoming visit to Kazakhstan

بسته روحانی

Tehran (ISNA) - Iranian President’s chief of staff Mahmoud Vaezi announced that President Hassan Rohani will travel to Kazakhstan next week.

“Next week, the Iranian president will travel to Kazakhstan, but the date of his trip to South Africa is not yet determined,” he said.

“We are planning the journey of Iranian President to New York and it will take place within the next two weeks,” Vaezi went on to say.

End Item

US policy of humiliation, intimidation not fruitful

Tehran (ISNA) – Iranian President Hassan Rouhani met with the Japanese Prime Minister's special envoy and welcomed bilateral ties and cooperation between Tehran and Tokyo.

In the meeting that was held on Wednesday in Tehran, Rouhani mentioned relations between the two countries during the past 90 years and continued, “Development of southern ports will have important, effective role in deepening relations between the two countries and Japanese investors and businesspersons can invest in developing rail network and ports in Iran”.

“Facilitating banking relations between Iran and Japan can contribute to developing relations and economic cooperation between Tehran and Tokyo,” he added.

Describing the Joint Comprehensive Plan of Action (JCPOA) an important international agreement, the President appreciated Japan's positive role in the negotiations between Iran and P5+1 and said: "Today, after the conclusion of the negotiations and the implementation of the JCPOA, we should not let this significant agreement to be distorted and any of the parties to the agreement get out of their commitments".

The Islamic Republic of Iran has always lived up to its commitments based on reports by the International Atomic Energy Agency (IAEA), said Rouhani adding: "The US government has not fully lived up to its commitments".

"The Islamic Republic of Iran will never be the first one to violate the agreement but will respond properly to the lack of commitment of the other side," the President added.

He also went on to say: "Stability and security in the region and East Asia are very important for Iran and we hope that development of cooperation between Iran and Japan contribute to development of stability and security in East and West Asia".

He continued: "All issues must be settled through discussion and dialogue and there must not be any threatening and intimidation by another country against others".

Rouhani described encouragement to dialogue and ending arms race in the region as of high importance and said: 'We are against sanctions against countries and we believe that the policy of intimidation of humiliation that the US government has taken up towards other countries will never be fruitful".

"The Islamic Republic of Iran will spare no effort contributing to stability and security in the region," the President of the Islamic Republic of Iran added.

He also said that people in countries such as Iraq, Syria and Yemen need help, and said: "Iran is ready to cooperate in transferring Japan's humanitarian help to the people of these countries".

The Japanese Prime Minister's special envoy Masahiko Kōmura also delivered the Japanese PM's written message to Dr Rouhani and congratulated him on his re-election, adding: "We must attempt to deepen economic and business relations between the two countries more than before in various fields of mutual interest".

Describing Iran's commitment to JCPOA as a source of trust among the countries of the region, he said: "Iran has always played an effective role for peace and stability in the region and we believe that all negotiating countries must live up to their commitments".

End Item

Holy See secretary for relations with states meets Zarif in Tehran

Tehran (ISNA) – Iranian foreign minister held a meeting with the Secretary for Relations with States within the Holy See's Secretariat of State in Tehran on Wednesday.

The Secretary for Relations with States within the Holy See's Secretariat of State Archbishop Paul Richard Gallagher, who is in an official visit to Tehran in order to meet with Iranian officials, held talks with Iran’s foreign minister Mohammad Javad Zarif.

 The two diplomats exchanged views on the bilateral, regional and international issues.

Heading a delegation, Archbishop Paul Richard Gallagher has travelled to Tehran and is expected to meet some senior officials of Iran.

During the Wednesday meeting, Zarif referred to the long-standing, respectful and reciprocal relations between Tehran and the Holy See (Vatican City) and emphasized the need for dialogue and effective cooperation between religions and civilizations.

“Iran respects the character and positions of the Pope,” Zarif went on to say.

Talking about the regions critical conditions, the Iranian foreign minister underlined the need for peaceful solutions to overcome these crises, stressing that the world’s problem today is extremism, which is not limited to a special region.

Zarif also referred to the issue of the Rohingya Muslims in Myanmar and called on all countries to cooperate and join hands to stop the massacre and mass expulsion of Muslims in the country. He also appreciated Vatican Citys efforts in this regard.

Speaking about the crisis on the Korean Peninsula, the Iranian FM added that after the Cuban crisis the world has forgotten the danger of using these weapons, but again we are witnessing that this great danger is posing threats to the international community.

In turn, Gallagher discussed the two sides shared views on regional developments and dialogue and cooperation to end regional crises, the refugee crisis, and extremism.

He said Vatican City has supported the peaceful use of nuclear energy and Iran’s nuclear deal, and it still throws its weight behind it.

“Encouraging the culture of peace and the peaceful coexistence of religions in the Middle East should be pursued with earnestness and Vatican City has always supported this coexistence between religions,” he added.

Speaking on the Myanmar Muslims, Gallagher referred to Vatican Citys efforts to resolve the crisis, saying, "We will continue our efforts in this regard.”

The foreign minister of the Islamic Republic of Iran and his counterpart from the Holy See also exchanged views on various political, social and inter-regional issues, expressing satisfaction with the process of dialogue between the two sides.

End Item

We are ready, if Saudi Arabia wants to create a new page with Iran: Zarif

Tehran (ISNA) – Iranian foreign minister emphasized that the time has come for all involved countries to cooperate in bringing peace and stability to Syria and move in a single political path.

Iranian foreign minister Mohammad Javad Zarif says the Syrian army's breaking of a years-long siege by Daesh Takfiri group of the eastern city of Dayr al-Zawr is an "important victory" against extremist and terrorist groups.

Zarif made the remarks in an interview with Lebanon-based Arabic-language al-Mayadeen news network published on Tuesday.

He once again voiced his objection to the settlement of the Syrian crisis through merely military approaches, saying, “The people and resistance are achieving victory in Syria and we will grow farther from a military solution with the defeat of Daesh.”

Zarif also reiterated that the fate of the Syrians is in their own hands. “We should not dictate to the Syrian people what they should do. We have resisted against extremism and we must facilitate from now on the path of dialogue among different popular groups in Syria,” the Iranian foreign minister added.

Since the outset of the Syrian crisis, Iran has sought to help the Arab country’s people fight against extremism through political channels, he said.

Zarif pointed to a new round of Syria peace talks in the Kazakhstan’s capital of Astana and described the initiative as the “most successful diplomatic move” adopted after the beginning of the Syrian crisis.

“Now, all involved countries should cooperate to bring peace and stability in Syria and bring all parties to the negotiation table and move in a single political path,” he said

“We are ready to work with all Islamic countries, including Saudi Arabia, to help resolve Muslims’ problems in the Middle East region and the world” Zarif added.

“Saudi Arabia is an important Islamic country and therefore, we are prepared to work with the country to address the problem of Islamic countries,” he noted.

The Iranian top diplomat further emphasized that Tehran is also ready to cooperate with Riyadh to help end regional crises, including the Syrian conflicts, crackdown in Bahrain and the “irrational and costly” war on Yemen.

“Saudi authorities ought to come to the conclusion that not only for Saudi Arabia, but also for all other countries in the Persian Gulf region, there is no other option than joint cooperation,” he went on to say.

End Item

Iran’s road minister meets Qatari Emir in Doha

دیدار آخوندی با امیر قطر

Tehran (ISNA) – Iranian road and urban development minister Abbas Akhoundi, who is on an official visit to Qatar, held talks with the Emir of Qatar Tamim bin Hamad Al Thani.

During the visit, Akhoundi also held talks with Qatari Prime Minister Tamim bin Hamad Al Thani on bilateral relations in different fields especially in road and urban development.

Akhoundi signed a number of MoUs on international transportation and transits with the aim of expanding economic cooperation among the Islamic Republic of Iran, Qatar and Turkey.

The Iranian minister, who has made the visit at the official invitation of the Qatari Emir, also took part in the inauguration ceremony of Bin Hamad port in Qatar. More than $7.1 billion has been invested in the construction of the port which connects Qatar to countries like India, Oman, Turkey and Pakistan.

End Item

JCPOA is about the nuclear issue, nothing else: French ambassador to US

سفیر فرانسه در آمریکا

Tehran (ISNA) - The French ambassador to the United States stressed that the nuclear deal with Iran is only about the nuclear issue, "nothing else."

“The Iran deal is about the nuclear issue, nothing else. So far, Iran is abiding by the commitments taken in this mutually agreed framework,” the French ambassador to Washington, Gerard Araud, said in tweet soon after the US ambassador to the United Nations Nikki Haley’s speech.

A report by the International Atomic Energy Agency (IAEA) last week confirmed that Iran was keeping within the terms of the agreement, officially known as the Joint Comprehensive Programme of Action (JCPOA).

However, Haley in baseless claims about the JCPOA said that Iran’s commitment to the JCPOA is not limited to the technical issues of the nuclear deal.

End Item

Iranian officials, Russian envoy discuss Syria crisis

Tehran (ISNA) - Iranian deputy foreign minister for Arab and African affairs Hossein Jaberi Ansari has discussed the latest regional developments with Russian President Vladimir Putin’s special envoy for Syrian Affairs, Alexander Lavrentiev.

During the meeting held in Tehran, the two sides explored the latest military and political developments in Syria.

They also discussed the agenda of the sixth round of Astana talks and the details of the four de-escalation zones in Syria.

The Russian special envoy on Syria, for his part, said Tehran and Moscow currently have a good level of relations while the two sides’ officials are negotiating to further bolster ties.

He also highlighted the importance of his current visit to Tehran and talks with Iranian officials ahead of Astana talks.

Before the meeting, Lavrentiev had held discussions with the Secretary of Iran’s Supreme National Security Council Ali Shamkhani.

During the meeting, Shamkhani said, “The valuable results of the strategic cooperation among Iran, Syria, Russia and the resistance front in the genuine fight against terrorism are constantly emerging in the political spheres and battlefields”.

“The commitment of all sides to a Syrian-Syrian solution and observation of the right of the country’s people to determine their own fate without foreign intervention will prepare the ground for accelerating [ways] to reach a result and solve the crisis,” Shamkhani added.

The Russian envoy, for his part, said Tehran, Moscow and Damascus are playing a decisive role in the real campaign against terrorism.

Lavrentiev added that his country still believes in military action against terrorists and will continue its relentless efforts to fight Daesh and the al-Nusra Front terrorists.

Lavrentiev is on an official visit to Iran for exchanging views with the Iranian officials on the latest developments in Syria and strengthening the ceasefire regime in the war-torn country within the framework of Astana Process.

End Item

Recent victories promise uprooting of terrorism, regional development

بسته روحانی

Tehran (ISNA) – Iranian President Hassan Rouhani emphasized that recent victories against terrorists promise the rooting out of terrorism and development and cooperation in the region.

Speaking in the meeting of the Supreme Council of Cultural Revolution (SCCR), the President said: “All Muslims are unanimous about the greatness of Imam Ali (AS) and his place before the Prophet of Islam (SA)”.

Referring to the latest victories of the resistance front against terrorists in Mosul, Aleppo, Talafar, Deirazur and Arsal, he said: “We hope the latest victories, including in Syria, Iraq and Lebanon promise us the rooting out of terrorism and development and cooperation in the region”.

End Item

Iran willing to expand Tehran-Baku cooperation

Tehran (ISNA) – Iranian President’s chief of staff Mahmoud Vaezi stressed Iran's resolve for expanding cooperation with Azerbaijan Republic in a telephone conversation on Tuesday.

Mahmoud Vaezi made the remark in a telephone conversation with Azerbaijan’s economy minister Shahin Mustafayev on Tuesday, while hailing the good progress achieved in the two countries' bilateral relations in the past four years of Iranian President Hassan Rouhani’s first-term in office.

Vaezi further called for expediting the implementation of joint projects and previously agreed-upon plans between the two sides.

For his part, Shahin Mustafayev, who also chairs Iran-Azerbaijan joint economic commission, praised the two countries’ efforts in expanding bilateral relations in the past four years, voicing hope for further development of Tehran-Baku cooperation during President Rouhani’s second term in office.

He further expressed his country’s resolve to implement the signed agreements with Iran as soon as possible and to launch new projects with the Islamic Republic to improve bilateral ties.

End Item

Iranian parliamentary delegation arrives in Vietnam

Tehran (ISNA) - An Iranian parliamentary delegation arrived in Hanoi, the capital of Vietnam, following its tour to Southeast Asia.


The members of Social Commission of the Islamic Parliament of Iran, who are travelling to Southeast Asia, arrived in Hanoi to hold talks with Vietnam officials on social issues.

The vice-president of the Social Commission, Mohammad-Reza Badamtchi, stressed that Hanoi is a city where there are no beggars and even the poor people are employed.


"In this city, young people marry in 22 or 23 years and divorce has no place and there is a sort of justice among the people. The capitalist class does not exist, and only a few wealthy people live in the city. No doctor works outside the hospital and those who travel abroad to study medicine return to the country, "he said.

The parliamentary delegation arrived in Vietnam following its visit to China.

End Item

The Outlook of Housing Market

As we had reviewed in our previous articles, the housing market is one of the most influential industries in Iran’s economy so flourishing in this industry leads to better business sitution in the housing market’s downstream industries such as steel and cement.

Based on many researches, the key variable which has great effect on housing market is population growth, because the growth in population leads to growth in housing demand. The Iran’s population were around 35 million in the first year after Islamic revolution which has increased to 81 million this year according to World Bank. This occurrence causes a boom in the housing market and the price of houses in Iran increased significantly, also the inflation rate have dramatic influence on the price of houses in Iran, for instance the price of houses increased around 300 percent in just three years from 2011 until 2013. However, the housing market faces new challenges after 2013 such as the inflation rate which has decreased drastically from more than 40 percent to 10 percent and for the first time the housing market faces supply surplus. These two elements cause recession in housing market which lasts until now.

In addition, financing is another problem for real estate’s potential buyers. The banking system of Iran buckling with wide range of problems these years so people facing a lot of problems for borrowing money from banks. Home loans in Iran mainly offered by Maskan Bank, leasing companies couldn’t take part in this market because of their low financial strength. In addition, mortgage haven’t been used widely in Iran’s debt market. These factors restrict loan applicants and provoke recession in housing market.

After three years of recession, housing market is facing new opportunities. Housing transactions grew slowly specially in houses with affordable prices during the first half of new Persian calendar year (1396). In addition, the price of real estates increased a little during mentioned period. These occurrences indicate that the type of demand have been changed. So, if the supply reacts appropriately to these changes, the recession will eradicate from housing market.

To conclude, if the economic decision makers can manage limiting factors of housing market, the market will be improved. In addition, paying attention to people with low income could reinforce demand. It seems that according to  macroeconomic conditions, there is no more speculative behavior in housing market and it is estimated the prices’ average growth rate couldn’t be more than expected inflation rate in the remaining months of current year.

Consumer Price Index in May 2017

The latest report of CBI on Consumer Price Index (CPI) shows 0.2 percent increase in the month of the Iranian year “Ordibehesht” (ending May 21). The inflation rate has advanced 9.8 percent over the last twelve months.

Summary Results of the CPI for Ordibehesht (May 21)

CPI-ORD96-report

The food and beverages index turned down 0.5 percent in Ordibehesht, largely due to the decreases in the indices for eggs by 16.6 percent, watermelon 8.7 percent, poultry 7.2 percent, and banana 6.2 percent.

The index for tobacco rose 1.0 percent in Ordibehesht, largely due to the increases in the indices for domestic cigarettes by 1.7 percent and imported cigarettes 0.6 percent.

The clothing and footwear index increased 0.6 percent, mostly as a result of the increases in the indices for footwear by 1.8 percent, ready to wear clothing 0.2 percent, clothing materials 1.0 percent, and tailoring, cleaning and laundering wage 0.7 percent.

The housing, water, electricity, gas and other fuels index went up 1.0 percent which was attributed to the advances of the indices for rental equivalence of owner occupied houses by 1.1 percent, rent of residential houses 1.0 percent, and maintenance and repair services of the dwelling 0.9 percent.

The furnishings, household equipment and routine household maintenance index rose 0.5 percent, largely due to the increases in the indices for “household appliances”and “goods and services for routine household maintenance” each by 0.6 percent, glassware, tableware and household utensils 0.5 percent, carpets and other floor coverings 0.8 percent, and household textiles 0.6 percent.

The index for health increased 0.3 percent, mostly as a result of the increases in the indices for medical, paramedical and dental services by 0.6 percent, medical products, appliances and equipment 0.2 percent, and hospital services 0.1 percent.

The transport index went up 0.1 percent in Ordibehesht that was principally attributed to the increases in the indices for operation of personal transport equipment by 0.2 percent and motor cycles 1.7 percent.

The index for communication turned down 0.3 percent, mostly as a result of the decrease in the index for telephone and telefax equipment by 3.2 percent.

The recreation and culture index decreased 0.2 percent, largely due to the decreases in the indices for package holidays by 2.1 percent and audio-visual, photographic and information processing equipment 0.5 percent.

The education index advanced 0.1 percent over this month, mostly as a result of the increase in the index for supplementary courses tuition fees by 0.7 percent.

The index for restaurants and hotels rose 1.1 percent, mainly due to the advances in the indices for food away from home by 1.2 percent and catering service 1.0 percent.

The miscellaneous goods and services index increased 0.7 percent in this month. Increases in the indices for personal care by 0.5 percent and goldsmith wage 0.2 percent were the major reasons for this rise.

About Us

There are currently very few countries in the world with Irans conditions and opportunities for investment. After decades of sanctions and separation from international markets, Iran is now ready to take advantage of these opportunities.

These days the top story of some of the worlds most important news media states, Now that a general agreement has been reached on the nuclear issue between Iran and the P5+1, international investors are lining up behind Irans closed doors, ready to enter this countrys market. Once Irans doors open to international financial activities millions, or maybe billions of dollars will flow into the country Economic players in Iran are waiting with open arms for international investors.How to invest in iran Blog is proud to present you with information about Iran and its investment opportunities, standing by your side as a consultant, and a strategic partner, creating the groundwork for a satisfactory experience in Iran.

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