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Mining Royalties Exceed $400m in 4 Months

EghtesadOnline: Iranian miners paid 51.47 trillion rials ($447.56 million) in mining royalties to the government during the first four months of the current Iranian year (March 21-July 21).
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Publish Date:11/September/2019 | 24:20

15% Rise in Iran's Tea Production

EghtesadOnline: More than 98,479 tons of fresh tea leaves have so far been purchased by the government from local farmers for 2.78 trillion rials ($23.96 million), which shows a 15% rise compared with the similar period of last year.
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Publish Date:26/August/2019 | 24:34

Crypto Mining Rules Expounded

EghtesadOnline: The government says it recognizes mining of cryptocurrencies as an industrial undertaking and sent a directive to the relevant government bodies at the weekend.
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Publish Date:07/August/2019 | 24:18

Iran: Rial Revaluation Issue Returns

EghtesadOnline: The government on Wednesday approved a central bank proposal based on which four zeros will be shaved off and the national currency rial and the change from official rial to the popularly used toman.
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Publish Date:04/August/2019 | 13:08

Iran Government Legalizes Cryptocurrency Mining

EghtesadOnline: After months of speculation over the fate of mining and trading cryptocurrencies in Iran, the government late on Sunday announced that it recognizes mining cryptocurrency as a legal industrial activity.
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Publish Date:30/July/2019 | 11:37

Participatory Bonds Worth $310m Sold Last Year

EghtesadOnline: The latest data on the participatory bonds market in the last fiscal year (ended March 20, 2019) indicate that government and municipalities sold about half of the bonds issued during the yearlong period.
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Publish Date:10/July/2019 | 24:25

No Plan to Remove Zanganeh

EghtesadOnline: The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.
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Publish Date:18/June/2019 | 09:39

Iran Government Removes Ban on Auto Presales

EghtesadOnline: While complaints against local automotive companies over delayed deliveries have piled up at the judiciary, the government has given the green light to these firms to launch new presales, albeit with a condition, a deputy industries minister says.
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Publish Date:11/June/2019 | 09:33

Iran: Subsidy Choices Take Center Stage

EghtesadOnline: Head of the Plan and Budget Organization says the government is weighing three options on allocating $14 billion for importing essential goods in the next fiscal that starts on March 21.
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Publish Date:06/March/2019 | 13:39

Iran: Electronic Distribution of Subsidized Currency Approved

EghtesadOnline: In a highly anticipated parliamentary decision on Saturday, lawmakers ratified an amendment to the next year’s (March 2019-20) budget bill which obliges government to allocate $14 billion subsidized foreign exchange in the form of "electronic coupon."
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Publish Date:03/March/2019 | 11:44

€2.3b NDFI Resources for National Projects

EghtesadOnline: Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects in the next fiscal that starts on March 21.
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Publish Date:25/February/2019 | 11:04

Iran Parliament Allows Gov’t to Borrow $30b Overseas

EghtesadOnline: While debating the March 2019-20 budget bill on Monday, lawmakers allowed the government to borrow $30 billion in foreign finance in the next fiscal (March 2019-20).
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Publish Date:19/February/2019 | 11:49

Iran Gov't Extends $333m Loan for 2 Major Carmakers

EghtesadOnline: The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to local parts makers.
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Publish Date:10/February/2019 | 11:24

Iranian Banks Need to Boost Capital: MRC

EghtesadOnline: The Majlis Research Center has called on the government and monetary regulators to boost the capital buffers of banks to help them cope with recession that observers predict will afflict the economy.
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Publish Date:28/January/2019 | 15:28

Iran Government Announces Concessions to Placate Exporters

EghtesadOnline: Iran's minister of industries, mining and trade announced new concessions to exporters and promised closer cooperation to help resolve pending issues outlined in the long list of demand of businesses.
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Publish Date:21/January/2019 | 13:08

Iran Gov’t Expects Less Revenue From ICT Sector

EghtesadOnline: In the coming fiscal (2019-20), Iran government expects to earn 100 trillion rials ($864 million) from the ICT sector, down 9% compared to projected income for the current year that ends in March.
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Publish Date:19/January/2019 | 24:39

Iranian Government Finalizing User Data Protection Bill

EghtesadOnline: Drawing on EU’s General Data Protection Regulation (GDPR), Iran’s ICT Ministry has prepared a bill it calls ‘User Data Protection’ that will soon be sent to the Majlis for ratification and become law.
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Publish Date:15/December/2018 | 11:03