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No Ban on Iran ian Tea Exports

EghtesadOnline: Tea exports will be permitted as before and no bans will be imposed on its shipments. This was notified by director general of exports affairs with the Islamic Republic of Iran Customs Administration to customs offices across the country on Saturday.
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Publish Date:03/September/2018 | 07:44

Housing Savings Account Outstrips Deposit Targets

EghtesadOnline: Latest figures from the Housing Savings Account, Iran ’s cheapest homeownership initiative, show that it has managed to attract more deposits than it had initially targeted.
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Publish Date:03/September/2018 | 07:44

Islamic Banking Confab Wraps Up

EghtesadOnline: The 29th edition of the Islamic Banking Conference came to a close with the release of an official statement on Sunday.
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Publish Date:03/September/2018 | 07:41

Medicinal Plants Expo Scheduled for November

EghtesadOnline: The Fourth Festival and Exhibition of Medicinal Plants is scheduled to be held at Imam Khomeini Grand Mosalla from Nov. 12-15.
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Publish Date:03/September/2018 | 07:35

Permits for New Industrial Units Up 24 Percent

EghtesadOnline: The Ministry of Industries, Mining and Trade issued 6,696 permits for the establishment of new industrial units during the first four months of the current fiscal year (March 21-July 22), registering an increase of 24% compared with last year’s corresponding period.
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Publish Date:03/September/2018 | 07:34

Iran 's First Int'l Gas Show Opens

EghtesadOnline: The First Iran International Gas Show (IRGS 2018) opened on Saturday at Tehran's Shahr-e-Aftab International Exhibition Complex. The four-day event, with a focus on "domestic capabilities, technology indigenization and the future of gas industry", is hosting 70 local and foreign firms, covering the whole value chain of natural gas sector, the website of IRGS reported.
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Publish Date:02/September/2018 | 08:14

Renewed Call for Using Domestic Gas Capacity

EghtesadOnline: The equipment needed in South Pars Phase 11 offshore venture, which is expected to be developed by China National Petroleum Corp and Iran ’s state-owned firm Petropars, will cost $2.8 billion, chairman of the board of directors of Iran ian Petroleum Industries Equipment Manufacturers Association said. "As per the deal, contractors are obliged to meet 51% of their requirements from domestic manufacturers before relying on foreign suppliers," Reza Padidar was also quoted as saying by ILNA on Saturday.
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Publish Date:02/September/2018 | 08:13

Fars Solar Power Plant Linked to National Grid

EghtesadOnline: A 10-megawatt solar power plant was launched in Kharameh County, Fars Province, on Friday by a domestic firm, marking the southern province's first-ever solar venture.
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Publish Date:02/September/2018 | 08:02

What to Expect From Tehran Auto Show 2018

EghtesadOnline: While the Iran ian automotive sector is facing various headwinds, authorities are moving ahead with plans to hold a new round of Tehran International Auto Show in November, when the annual event is customarily held.
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Publish Date:02/September/2018 | 07:52

SAIC Motor Operations Take Off in Iran

EghtesadOnline: Despite the reinstatement of US sanctions against Iran 's key automotive industry, a joint venture between China's SAIC Motor and Farda Automobile Manufacturing Co (FAM Co) has started operation in Semnan with the inauguration of a production line for the SUV model MG RX5.
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Publish Date:02/September/2018 | 07:51

Plan to Launch Direct Flights to Tatarstan

EghtesadOnline: Tatarstan and Iran ’s ATA Airlines plan to launch direct flights between Tehran and Kazan, which will significantly increase the tourist flow between Iran and Tatarstan, Chairman of the State Committee for Tourism of Tatarstan Sergey Ivanov said.
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Publish Date:02/September/2018 | 05:12

Iran -Russia Non-Oil Trade Tops $540m

EghtesadOnline: Iran traded 645,158 tons of non-oil commodities worth $546.24 million with Russia during the first four months of the current fiscal year (March 21-July 22).
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Publish Date:02/September/2018 | 05:11

Mazandaran: Iran ’s Biggest Fish Farming Hub

EghtesadOnline: With an annual turnover of more than 6 trillion rials ($60 million), Mazandaran in northern Iran is the country’s most active province in fish farming and accounts for 18% of Iran ’s production, the director general of Mazandaran Fisheries Organization said.
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Publish Date:02/September/2018 | 05:10

Afghans Returning Home From Iran in Hordes

EghtesadOnline: The number of Afghan refugees returning from Iran has doubled recently, as Iran ian currency loses its value against the US dollar in an unprecedented manner.
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Publish Date:02/September/2018 | 05:09

Nakhlak Lead, Zinc Plant Comes Back on Stream

EghtesadOnline: Nakhlak Lead and Zinc Plant officially came back on stream, adding 4,000 tons to Iran ’s annual lead concentrate capacity, a deputy industries minister announced during a visit to Nakhlak Mineral Complex on Saturday.
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Publish Date:02/September/2018 | 05:07

Support for Forex Policies

EghtesadOnline: Majlis Economic Commission welcomed the new foreign exchange policies introduced by the government on August 6 and believes that these policies, along with the appointment of the new Central Bank of Iran governor, have created a new ambiance in the economy.
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Publish Date:02/September/2018 | 04:15

Jurisprudence Council on the Anvil

EghtesadOnline: The Central Bank of Iran is closer to establishing an Islamic jurisprudence council, as the Guardians Council, the entity in charge of ensuring the compliance of key ratifications and candidates with constitutional precepts and Islamic law, has approved some of the new council’s nominees.
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Publish Date:02/September/2018 | 04:14

Iran to Expand Transportation Corridors at Full Throttle

EghtesadOnline: The Ministry of Roads and Urban Development plans to negotiate the connection of China-Kazakhstan- Iran Multimodal Corridor to Europe, says deputy minister for transportation affairs, Mehrdad Taqizadeh.
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Publish Date:02/September/2018 | 04:02