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Non-Oil Trade Value With Indonesia Grows 70%

EghtesadOnline: Iran traded 734,920 tons of non-oil commodities worth $313.06 million with Indonesia during the first four months of the current fiscal year (March 21-July 22), registering a 37.36% and 70.27% growth in tonnage and value respectively compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s statistics show.
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Publish Date:15/August/2018 | 05:09

Lead, Zinc Ore Extractions See 84% Rise

EghtesadOnline: Major Iran ian lead and zinc producers extracted 497,749 tons of ores during the first four months of the current fiscal year (March 21-July 22), which indicates an 84% rise in production compared to last year’s similar period, the Iran ian Mines and Mining Industries Development and Renovation Organization’s latest report showed.
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Publish Date:15/August/2018 | 05:04

IMIDRO Chief Hints at Retiring

EghtesadOnline: The chairman of Iran ’s largest mining holding has hinted that he is about to leave the post. During a ceremony commemorating Journalists’ Day in Iran on Monday, Mehdi Karbasian, 67, hinted at leaving Iran ian Mines and Mining Industries Development and Renovation Organization due to retirement.
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Publish Date:15/August/2018 | 04:57

Iran ian Municipalities Sold $150m Worth of Bonds in Q1

EghtesadOnline: Iran ian municipalities sold 11.99 trillion rials ($150 million) worth of Islamic debt securities during the first quarter of the current fiscal year (March 21-June 21), indicating a near doubling in sales compared with the last fiscal year’s corresponding period.
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Publish Date:15/August/2018 | 04:56

HSA Growth Beats Expectations

EghtesadOnline: More than 480,000 people have opened Bank Maskan’s Housing Savings Account that offers Iran ’s cheapest home loans since its inception about three years ago, the bank’s chief executive said.
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Publish Date:15/August/2018 | 04:51

Growth in Iran 's Non-Oil Trade With Oman

EghtesadOnline: Iran traded 1.16 million tons of non-oil commodities worth $537.42 million with Oman during the first four months of the current fiscal year (March 21-July 22), registering a 58.09% and 115.3% growth in tonnage and value respectively compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s statistics indicate.
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Publish Date:14/August/2018 | 05:53

Iran Biscuit Exports Earn $42m in 4 Months

EghtesadOnline: Iran exported 21,724 tons of biscuits worth $42.25 million during the first four months of the current fiscal year (March 21-July 22), the latest data released by the Islamic Republic of Iran Customs Administration showed.
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Publish Date:14/August/2018 | 05:52

Export of Six Commodities Banned as of Aug. 23

EghtesadOnline: The government has banned the export of different kinds of paper, tissue, milk powder, infant formula, tea and butter in packages weighing more than 500 grams as of Aug. 23 until further notice.
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Publish Date:14/August/2018 | 05:51

Contact Lens Solution Imports Top 180 Tons

EghtesadOnline: More than 187 tons of contact lens solution worth $2.24 million were imported into Iran from nine countries during the last Iran ian year (March 2017-18), figures released by the Islamic Republic of Iran customs Administration show.
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Publish Date:14/August/2018 | 05:50

Iran : Airfares Skyrocket in Wake of Forex Crisis

EghtesadOnline: The Civil Aviation Organization of Iran issued a directive on Thursday, saying that the foreign currency needed by airlines to finance their ongoing operations would be determined at the rates set by the Central Bank of Iran ’s Sana system, as the government would no longer supply forex at subsidized rates.
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Publish Date:14/August/2018 | 05:46

Certified Exchangers List Gets Longer

EghtesadOnline: The Central Bank of Iran has released the updated list of certified exchange bureaux currently active in the country, as it pursues a crackdown on unlicensed moneychangers that have proven a bane of the country's currency market.
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Publish Date:14/August/2018 | 05:42

FTZ Rules Revised

EghtesadOnline: First Vice President Es’haq Jahangiri has issued a directive to government agencies laying out the details of latest revisions to foreign currency and order-placement regulations in free trade zones.
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Publish Date:14/August/2018 | 05:38

Iran , South Africa Explore Investment Opportunities

EghtesadOnline: A delegation from Trade and Investment South Africa paid a visit to Tehran Chamber of Commerce, Industries, Mines and Agriculture last week to meet with private sector economic players and assess South Africa’s trade relationship with Iran .
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Publish Date:13/August/2018 | 04:52

Non-Oil Trade With Thailand Tops $420m

EghtesadOnline: Iran traded 882,078 tons of non-oil commodities worth $426.78 million with Thailand during the first four months of the current fiscal year (March 21-July 22), registering a 16.08% and 30.07% growth in tonnage and value respectively compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s statistics indicate.
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Publish Date:13/August/2018 | 04:50

Ban on Rice Imports Pushed Back

EghtesadOnline: The Ministry of Agriculture has announced that the ban on rice imports will be postponed this year.
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Publish Date:13/August/2018 | 04:48

Major Copper Mine Plans Capacity Expansion

EghtesadOnline: Sarcheshmeh Copper Complex is planning to boost its copper concentrate output capacity from the current 600,000 tons to over 1 million tons by 2022, the company’s deputy manager, Mohammad Ziaodini, said.
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Publish Date:13/August/2018 | 04:44

Int’l Coffee Festival Returning for Year Two

EghtesadOnline: Internationally speaking, the Iran ian coffee community has fallen on hard luck. When the Specialty Coffee Associations of America and Europe joined forces under the singular SCA banner, the global group was organized under the laws of California as a mutual benefit corporation.
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Publish Date:13/August/2018 | 04:41

Capping Bank Numbers on CBI Agenda

EghtesadOnline: The Central Bank of Iran seeks to halt an increase in the number of banks and is open to merger proposals, a deputy governor of CBI said.
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Publish Date:13/August/2018 | 04:40

In Search of Economic Savior

EghtesadOnline: Everyone starts looking for that single savior of economy at times of crises and this time around, the search began right after the political and social developments of the second half of last year (Sept. 23, 2017-March 20, 2018) and the exponential rise in the value of foreign currencies and gold coin.
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Publish Date:13/August/2018 | 04:39

Indebted CHP Plants Not to Receive Feedstock Gas

EghtesadOnline: Some domestic combined heat and power (CHP) plants owe millions of dollars to the state-owned National Iran ian Gas Company for the natural gas they received in the past few years for use as feedstock, NIGC’s deputy for gas distribution said.
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Publish Date:12/August/2018 | 07:02