Astonishing Statistics About Iran's Devastated Industry

NCRI Staff

NCRI - According to the Head of the Iran’s Chamber of Commerce, South Korea with 10 production units produces cement multiple times higher than Iran with 165 units. He said that the situation is the same in other sectors, and a “fundamental change” is necessary to make an upheaval.

Iran Exporters Closed out of Qatar Market Due to Sanctions

NCRI Staff

NCRI - Iranian businessmen complain that they’re not being supported by their government the way they should. They point to Qatar market, which due to different reasons has closed out Iranian goods and is now out of Iranian traders’ reach.

Iran Industries Face Serious Cutbacks in Investment

NCRI Staff

NCRI - The new statistics released by the Iran regime’s Ministry of Industry on industrial indicators show that the investment process in the Iranian industry has decreased by 18%.

According to Mashreq News, based on the statistics released by the Ministry of Industry in the first quarter of 2017, in total, more than 56,773 billion Rials of capital was issued for industrial operation license, which is 18% lower than the same period last year.

Iran: Pharmacies on the Verge of Bankruptcy; Pharmacists Changing Career

By NCRI Staff

NCRI - Many pharmacists of Mashhad (northeastern Iran) are dissatisfied with their current condition as well as insurance payments. They believe that working in this field is not frugal anymore.

Late payment of pharmaceutical insurance premiums has become commonplace for years, according to the Qods Force News Agency, Tasnim.

World's Mega Banks Terminated Negotiation With Iran Regime

By NCRI Staff

NCRI - An official of the Iranian regime’s Chamber of Commerce announced that the negotiation between Iran’s Central Bank with world’s mega banks has almost stopped.

Hossein Salimi, Board Member of the Iranian regime’s National Committee of the International Chamber of Commerce (ICC), said: “With the publication of some reports from Swift that some companies operating with Iran have been fined, these negotiations are slowing down and big European banks are worried about the resumption of bank sanctions against Iran and the imposition of US restrictions and fines.”

Iran: Traders Are in Tremendous Trouble Due to Sanctions

By NCRI Staff

NCRI - Among the exporters' problems are the impracticality of transferring money, for example, from Russia to Iran, and receiving visas for economic agents to enter Qatar, and Iran is still having difficulty with transferring foreign exchange earned from its exports, according to the state-run Mehr news agency.

The source added, “First, you have to send a draft to Dubai, then to Malaysia and from Malaysia to other target countries, and this will cause a lot of problems.”

Iran: Bankruptcy of the Bags and Footwear Industry Due to Uncontrolled Imports and Protests of the Workers

By NCRI Staff

NCRI - A group of workers and merchants in the shoes and bags sector in the province of Tehran staged a gathering in front of the Iranian regime’s Ministry of the Interior to protest the closure of many workshops producing these products.

Iran: We Remain in Recession, Said Stonecutting Guild Chief

NCRI - Head of the stonecutting guild in the city of Isfahan said following the JCPOA nothing has changed for the better in the stonecutting industry.

“Recession has stopped the construction market. Considering the fact that exports have come to a standstill, both phenomenon have combined to worsen the current circumstances,” he said.

Iran: Where Is the Most Backward Banking System of the World?

NCRI - The advisor to the Iranian regime’s president acknowledged backwardness of the regime’s banking system and said: “We have the weakest banking system in the world, and if the government cannot repair this defective system, production will be difficult in the country.”

Iran news in brief

Iran: Tehran's Iconic High-Rise (Plasco Building) Collapsed Due to Fire

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