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Banned Insurance Company Coming Back

EghtesadOnline: Nonoperational since 2014, Tose’e Insurance Company says it will return to the market in the coming fiscal year that starts in March.
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Publish Date: 17/February/2020 | 24:41

Commodities Lift Tehran Stocks

EghtesadOnline: Tehran stocks made solid gains on Sunday climbing more than 2.3% amid demand for a wide range of large-cap stocks.
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Publish Date: 17/February/2020 | 24:27

Reformists Issue List of Parliamentary Candidates

EghtesadOnline: A coalition of eight reformist parties has issued a list of candidates for the fast-approaching parliamentary election scheduled for Feb. 21.
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Publish Date: 16/February/2020 | 10:32

Tehran Stocks Rise 0.6%

EghtesadOnline: The main index of Tehran Stock Exchange, TEDPIX, gained 2,908.82 points, or 0.63%, on Saturday to end trading at 461,988.4.
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Publish Date: 16/February/2020 | 10:26

Chicken Farms Suffer Losses Due to Excess Output, Price Decline

EghtesadOnline: Excess production and price decline have inflicted losses amounting to 11 trillion rials ($79.13 million) on Iranian chicken farms over the past four months, the head of Iran Broiler Breeders Union’s board of directors said.
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Publish Date: 16/February/2020 | 10:25

Iranian Cinema Experiencing Prolific Output

EghtesadOnline: Since the beginning of the current fiscal year (March 21, 2019), production permits have been issued for 140 movies in Iran, the filming of 100 of which started from Dec. 22, 2019.
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Publish Date: 16/February/2020 | 05:34

Banks Not Doing Enough to Help Exporters

EghtesadOnline: Head of the Export Guarantee Fund of Iran has criticized the poor performance of banks in supporting export-based companies, recalling that robust financial support for export companies is critical in the climate of hostile US economic sanctions.
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Publish Date: 16/February/2020 | 05:33

Iran Accounts for 15% of Global Date Trade

EghtesadOnline: Iran exported more than 300,000 tons of dates in the last fiscal year (March 2018-19) to account for 15% of global trade of the crop, according to Agriculture Ministry official.
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Publish Date: 16/February/2020 | 05:29

CNG Conversion Plan for 1.4m Vehicles

EghtesadOnline: National Iranian Oil Refining and Distribution Company has launched an initiative to convert 1.4 million gasoline-powered vehicles (pickup trucks, taxis and vans) to compressed natural gas hybrids, director of the CNG office of NIORDC (a subsidiary of the National Iranian Oil Company) said.
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Publish Date: 16/February/2020 | 05:28

Yazd Power Use Growing in Leaps and Bounds

EghtesadOnline: Power consumption in Yazd Province with a population of around 1.2 million has risen 57 times over the last four decades, managing director of Yazd Regional Electricity Company said.
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Publish Date: 16/February/2020 | 05:23

Tehran Stocks Rebound From Earlier Plunge

EghtesadOnline: Tehran stocks rebounded from a short-lived correction and pared previous session’s losses at the close of trading week on Wednesday.
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Publish Date: 16/February/2020 | 05:16

Call for Syrian, Turkish Restraint in Idlib

EghtesadOnline: An Iranian diplomat called on Syria and Turkey to exercise restraint, as tensions rose between the two countries over the situation in Syria’s northwest Idlib region.
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Publish Date: 16/February/2020 | 05:15

43% Increase in Olive Production

EghtesadOnline: A total of 147,000 tons of olives have been produced on 92,000 hectares of plantations since the beginning of the current Iranian year on March 21, 2019, to register a 43% year-on-year rise, according to the manager of “Olive Project” implemented by the Agriculture Ministry’s Horticulture Department.
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Publish Date: 16/February/2020 | 05:14

Iran's Next Transportation Budget at $872m

EghtesadOnline: A total of 118.18 trillion rials ($872.17 million) have been allocated for the transportation sector in the next fiscal year's (March 2020-21) budget bill, of which 95.3% will be spent on development projects and 4.7% on operating expenses.
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Publish Date: 16/February/2020 | 05:11

NICICO Sales Top $1.3b in 10 Months

EghtesadOnline: The National Iranian Copper Industries Company sold 183 trillion rials ($1.35 billion) worth of products during the 10 months to Jan. 20.
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Publish Date: 16/February/2020 | 05:10

Forex, Gold in Tehran Moving Up

EghtesadOnline: Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21.
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Publish Date: 15/February/2020 | 13:06

Tehran Stock Exchange Rises 157% in 11 Months

EghtesadOnline: The main index of Tehran Stock Exchange, TEDPIX, rose 280,420 points, or 156.9%, since the beginning of the current fiscal year that ends in March until the end of last trading session on Wednesday (Feb 12).
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Publish Date: 15/February/2020 | 13:05

CNG Use Expanding

EghtesadOnline: Domestic compressed natural gas consumption has reached 25 million cubic meters a day, indicating 31% rise compared to the 19 mcm/d before gasoline was rationed and pump prices increased in mid-November.
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Publish Date: 12/February/2020 | 10:51

Iran Fara Bourse Sells Gov’t Stake in Shiraz Oil Refinery

EghtesadOnline: The Iranian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf of the National Iranian Oil Refining and Distribution Company.
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Publish Date: 12/February/2020 | 10:48