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.
China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world’s biggest steelmaker.
Iran’s Bank Pasargad is going to open a branch in India in the next couple of months to help boost trade between the two countries by providing a channel to bypass the U.S. sanctions which have blocked international banking channels, Financial Express reported.
Iran Railways CEO, Saeid Rasouli said Tehran-Istanbul railway will be launched in the near future.
On the occasion of the Government Week (August 24-30), 34 industrial units were inaugurated in different areas of Tehran Province on Tuesday, IRNA reported.
TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 13,070 points, or 5.17 percent, to 266,127 at the end of the fifth Iranian calendar month of Mordad (August 22), Tasnim news agency reported on Sunday.
Transport and Urban Development Deputy Minister Abbas Khatibi said construction of the Iranian section of the Khaf-Herat railway will be completed by the end of the current Iranian calendar year (March 20, 2020).