Economic council passes proposals to boost production

TEHRAN – The Supreme Economic Coordination Council on Saturday passed a series of proposals made by two ministries with the aim of boosting production and resolving the problems facing industrial and commercial enterprises.

‘Over $85b of working capital required to stay productive’

TEHRAN - Iranian industry, mining and trade minister said the country needs 3.6 quadrillion rials (about $85.714 billion) of working capital in order to sustain the domestic production.

‘Industry’s priority preserving domestic production level’

TEHRAN- “The main goal and priority of industry ministry is preserving the current level of domestic production,” Iranian industry minister announced in a news conference in the southern province of Kerman on Wednesday.

Domestic production a focal point in next year’s budget bill

TEHRAN- Iranian deputy industry minister announced that in the budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) specific attention has been paid to domestic production and renovation of domestic industries, IRNA reported on Saturday.

IRAN TRANS EXPO 2018 to be held in mid-Dec.

TEHRAN- The 3rd edition of Iran’s Logistics, Transportation, and Related Industries Exhibition (IRAN TRANS EXPO 2018) will be held on December 16-18 at Tehran’s Imam Khomeini Mosalla, IRIB reported.

IRCS domestically produces dialysis equipment, supplies

TEHRAN — Helal Iran Medical Devices Company affiliated to the Iranian Red Crescent Society has succeeded in producing homegrown equipment and supplies for dialysis patients, Farzad Salaraddini, Helal Iran Medical Devices Company CEO said on Friday.

Above $4.6b allocated to prosper domestic production

TEHRAN- According to Iranian deputy finance minister, the government has granted 200 trillion rials (above $4.68 billion) to protect domestic production projects in the present Iranian calendar year (ending on March 20, 2019).

Water shortage “serious”, says environment chief

TEHRAN – The country is facing a serious water shortage, said Isa Kalantari, the chief of the Department of Environment.

By Haniyeh Sadat Jafariyeh

Foreign currency jump rears ugly head in domestic production, exports

The new Iranian year, which began on March 21, has been named by Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei as the year of “Support for Iranian Products”. In general, supporting national products is expected to improve the level of Iran’s exports, however, regarding the current conditions at domestic foreign exchange market, puts the idea under some disputations.

Banks pay $4b to boost domestic production

TEHRAN – Some 188 trillion rials (about $4 billion) was paid by the banking system in the previous Iranian calendar year which ended on March 20 to boost domestic production, according to data released by the Ministry of Industry, Mining and Trade.

Annual agricultural output rises by 10m tons

TEHRAN- Agricultural production rose by 10 million tons in Iran during the past Iranian calendar year, which ended on March 20, 2017, Islamic Republic of Iran Broadcasting (IRIB) reported on Tuesday, quoting an official in the Ministry of Agriculture.