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Program summary: Iran IRINN TV economic news, Nov. 2

Business Materials 2 November 2017 17:53 (UTC +04:00)

The following is a numbered list of news on latest economic developments in the Islamic Republic of Iran, as of 12:00 GMT, Nov. 2, on IRINN TV.

1. 12:03 GMT – Iranian agriculture ministry has introduced new wheat seeds to the private sector.

2. 12:04 GMT – Russia has held a fair in Tehran to exhibit its capabilities in food industry and products.

3. 12:05 GMT – Iran's Wagon Pars Company has handed over 46 rail carriages to the country’s railway system.

4. 12:06 GMT – Report on the prices of gold in the Iranian market. Gold coin was traded at 13,175,000 rials (about $325.9 according to the currency rate in free market) on Thursday. One gram of the 18-karat gold was priced at 1,241,000 rials (about $30.69).

5. 12:08 GMT – Report on the rate of foreign currencies in the Iranian market. Euro valued 47,600 rials in the free market. The US dollar was traded at 40,425 rials.

6. 12:08 GMT – Export Development Bank of Iran seeks to establish corresponding banking ties with African banks.

7. 12:09 GMT – Iran’s Customs Service has launched an online system for declaring the prices of smartphones at border checkpoints.

8. 12:09 GMT – Iran Central Chamber of Cooperative has announced that the Securities and Exchange Organization is ready to list public companies.

9. 12:11 GMT – Iran's fishery organization has decided to apply modern methods in order to develop the sector.

10. 12:12 GMT – Report on Islamic banking in Algeria.

Source: State-owned news channel IRINN, Tehran, in Persian

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