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OPEC: Oil Demand to Plateau in Late 2030s

EghtesadOnline: World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.
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Publish Date:10/October/2020 | 16:19

PMI Trend Implies Slow Recovery

EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the economy settled at 46.86 in the month ending Sept. 21 from 46.43 in the month ending Aug. 21, indicating 0.43 points or 0.93% improvement.
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Publish Date:10/October/2020 | 15:36

Economy Ministry: Plans to Divest Hit a Snag

EghtesadOnline: Government organizations refuse to abide by budgetary laws that call for relinquishing more than 60 trillion rials ($210 million) in assets, an official with the Economy Ministry said.
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Publish Date:07/October/2020 | 19:53

1,000 Gov’t Estates on Divestiture List

EghtesadOnline: About 1,000 estates owned by the government are on the divestiture list by the time the current fiscal is out next March, an official with the Economy Ministry said.
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Publish Date:21/September/2020 | 14:16

3 Petrochemical Projects Come Online

EghtesadOnline: Three petrochemical projects became operational in the past week and will help complete the value chain of the key industry as the country gradually moves away from an oil economy to exporting value-added products.
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Publish Date:13/September/2020 | 24:08

Overall Economic PMI Slightly Improves

EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran's overall economy settled at 46.43 in the month ending August 21 from 45.47 in the month ending July 21, indicating 0.96 points or 2.11% improvement.
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Publish Date:07/September/2020 | 13:06

Iranian Banks Shutter Branches to Cut Costs

EghtesadOnline: Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report.
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Publish Date:06/September/2020 | 24:19

Capital Market Performance Appraised

EghtesadOnline: The Economy Ministry has reported the performance of the domestic capital market in the year ending August 2020.
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Publish Date:01/September/2020 | 11:25

Tying Economy to Foreign Events a Strategic Mistake

EghtesadOnline; Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei advised against linking the country’s domestic economy to foreign developments, describing it as “a strategic mistake”.
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Publish Date:24/August/2020 | 24:09

Iran Gov’t Decides ETFs Are Ideal

EghtesadOnline: The economy and oil ministries said Tuesday that they would stick with the previously announced method to divest government shares in four refineries via an exchange-traded fund and this week’s decision to offer shares only in blocks has be rescinded.
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Publish Date:12/August/2020 | 10:25

Iran’s PMI Contracts 6.4%

EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the Iranian economy settled at 45.47 in the month ending July 21 from 48.41 in the month ending June 20, indicating a 2.93-point or 6.42% contraction.
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Publish Date:09/August/2020 | 10:52

Tehran Housing Dynamics

EghtesadOnline: The Planning and Housing Economy Office of the Ministry of Roads and Urban Development has released a report on Tehran's housing market in the fourth month of the current Iranian year (June 21-July 21).
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Publish Date:30/July/2020 | 11:20

INTA Penalty Relief Extended Through 2020-21

EghtesadOnline: Economy Minister Farhad Dejpasand says those who pay their back taxes completely by March 2021 will be eligible for the Iranian National Tax Administration’s penalty relief.
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Publish Date:20/June/2020 | 08:53

Business Activities Rebound

EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy rebounded in the second month of the current fiscal year (April 20-May 20), thanks to a jump in output as companies resumed production after the coronavirus lockdowns and the new Iranian year’s holidays, the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture reported.
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Publish Date:14/June/2020 | 10:37

SCI: Economy Contracts by 7%

EghtesadOnline: The Iranian economy experienced a 7% contraction in the fiscal 2019-20, the Statistical Center of Iran said in its latest report.
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Publish Date:13/June/2020 | 08:50

Need to Shore Up Economy Amid Virus Fight

EghtesadOnline: President Hassan Rouhani said on Saturday Iran has no choice but to pursue economic goals, as it tries to stem the spread of the novel coronavirus.
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Publish Date:07/June/2020 | 06:59