Wednesday, November 10, 2004

IranMania News

IranMania News: "Other Iran economic news in brief

LONDON, Nov 9 (IranMania)
- Iran’s air fleet needs another 20,000 seats to meet both the demands of domestic and foreign passengers – Abrar Eqtesadi.

- By the end of the current Iranian year, the rate of Iran’s Foulad Khuzestan Company’s steel production is expected to hit 2 mln tons – Abrar Eqtesadi

- The construction phase of the biggest tourism complex in Iran is to start by the end of the current Iranian year in Shiraz in an area of 625 hectares. The complex is to be established by the private sector and the construction costs are estimated to exceed 500 billion tomans ($574,000,000) – Abrar Eqtesadi

- Following remarks by the head of Tehran Chamber of Commerce, Industries and Mines that private Iranian companies will continue cooperation with US businesses, the secretary general of Iran-Britain Chamber of Commerce (IBCC) disclosed that there are reports concerning plans to establish a joint chamber of commerce with the United States - ILNA

- A senior Ministry of Industries and Mines official, Golnaz Nasrollahi, who is the director general of the Ministry's Textile Department said that out-of-fashion imported fabrics and garments are sold in Iran at far below their actual rates. He added that the practice of dumping has posed serious challenge to Iran's textile industry - ISNA

- Iranian businesses have repeatedly called on the government to curb excessive imports of substandard Chinese products - ISNA

- Inexpensive sugar, which is smuggled into the country via borders with Iraq, Pakistan and the Persian Gulf, has pushed domestic products out of the market - Iran Daily

- Iran, whose imports have nearly doubled in the past two years, has emerged as South Korea's largest export market in the Middle East - Iran Daily

- Production capacity of Khuzestan steel companies stand at four million tons of broad steel sheets per annum - Iran Daily"

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