Economy & Housing
The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.
The number of deals during the fifth month of this year has been 2,931, falling from 11,154 in the same month of the previous year.
As previously announced by Ministry of Transport and Urban Development, the number of real estate deals in Tehran City fell 44.8 percent in spring, which corresponds to the first quarter of Iranian calendar year, compared to the same quarter in the past year.
The ministry’s report said that the number of deals during the first quarter of this year has been 21,537, and the housing price has risen 106 percent year on year in the capital city.
The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehran’s open market -- the highest in the past five months.
The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) said that the government and private sector should create a fruitful and effective cooperation to tackle the sanctions that have made limitations for the country’s economy.
TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 151 points to 305,774 on Sunday, IRIB reported.
Nearly a year after National Iranian Oil Company (NIOC), for the first time, decided to offer crude oil and gas condensate at Iran Energy Exchange (IRENEX) as a new strategy to relief the pressures of the U.S. sanction, unfortunately no more than two million barrels have been sold.
Setting up Iran-EAEU trade office in Yerevan is a serious measure for broadening trade ties between Iran and Eurasian Economic Union (EAEU), the president of Armenia Chamber of Commerce and Industry said on Wednesday.
TEDPIX, the main index of Tehran Stock Exchange (TSE), has increase 6,233 points, or 2.08 percent, to 311,230 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Tasnim news agency reported.