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Iran , Italy Maintain Banking Ties Despite Sanctions

EghtesadOnline: Albeit facing many barriers at a low level, banking ties between Iran and Italy have not been fully severed despite the fact that the first round of US sanctions has snapped back, the president of Iran -Italy Chamber of Commerce said.
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Publish Date:26/August/2018 | 05:36

Europe Looks to Bypass Iran Payment Embargo

EghtesadOnline: Europe should look to bypass US payment systems by creating its own financial channels on the lines of a European monetary fund and international bank transfer system like SWIFT, Germany's foreign minister has said.
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Publish Date:26/August/2018 | 05:31

Amendments to New FX Policy Introduced

EghtesadOnline: New amendments were introduced into Clause V of the government’s new foreign currency policy on imports during a Cabinet meeting held last week.
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Publish Date:26/August/2018 | 05:22

Onion Exports Earn $22m in 4 Months

EghtesadOnline: Iran exported 65,480 tons of onions worth $22.25 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date:20/August/2018 | 06:46

Hoarded Goods Worth $40m Confiscated in Tehran

EghtesadOnline: Essential goods worth 3.2 trillion rials (around $40 million) hoarded in nine warehouses of Tehran Province have been confiscated by police over the last week, the commander of Tehran’s Law Enforcement Force said.
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Publish Date:20/August/2018 | 06:44

Iran 's Non-Oil Trade With Japan Exceeds $310m

EghtesadOnline: Iran traded 276,030 tons of non-oil commodities worth $312.41 million with Japan during the first four months of the current fiscal year (March 21-July 22), registering a 40.9% and 13.71% decrease in tonnage and value respectively compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date:20/August/2018 | 06:43

4% Decline in Last Year’s Red Meat Production

EghtesadOnline: A total of 429,000 tons of red meat were produced in Iran ’s officially registered slaughterhouses during the past fiscal year (March 2017-18), registering a 4% decline compared to the year before, the Statistical Center of Iran reported on its website.
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Publish Date:20/August/2018 | 06:42

Press Iron Imported From 9 Countries

EghtesadOnline: More than 1,291 tons of press iron worth $7.34 million were imported into Iran from nine countries during the last Iran ian year (March 2017-18), based on figures released by the Islamic Republic of Iran Customs Administration.
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Publish Date:20/August/2018 | 06:40

Iran : Goods Clearance Eased As Customs Terminals Face Rising Cases of Abandoned Imports

EghtesadOnline: An increasing number of consignments have been piling up at customs terminals of major Iran ian ports, without being claimed by their owners. The issue took center-stage at Saturday’s joint meeting between the representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture (embodying the private sector) and the government.
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Publish Date:20/August/2018 | 06:39

Home Savings Deposits Cross $2 Billion

EghtesadOnline: Major savings initiatives in Iran aimed at easing home purchase and construction have continued to grow since the current Iran ian year began on March 21.
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Publish Date:20/August/2018 | 04:18

New Foreign Exchange Policy: Exporters’ Savior or Bane?

EghtesadOnline: The new forex policy, announced last week by the Central Bank of Iran , which will partially remove the ceiling for the price of the dollar and allow more freedom for market changes, has sparked a great deal of controversies.
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Publish Date:20/August/2018 | 04:17

Domestic Shoe Industry Hit by Raw Material Shortage

EghtesadOnline: Domestic shoe production has declined by over 70%, the head of Handmade Shoemakers and Sellers Union said, as raw materials needed by the producers have not been cleared from the customs due to foreign currency fluctuations.
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Publish Date:19/August/2018 | 04:34

Non-Oil Trade Value With Egypt Tops 80%

EghtesadOnline: Iran traded 298,616 tons of non-oil commodities worth $128.23 million with Egypt during the first four months of the current fiscal year (March 21-July 22).
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Publish Date:19/August/2018 | 04:33

Infrastructure Gets 10% of National Budget

EghtesadOnline: As little as 10% of the national budget, i.e. less than 400 trillion rials ($4.87 billion), are spent on the development of infrastructures and the rest goes to operational expenditures such as paying salaries of workers.
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Publish Date:19/August/2018 | 04:33

Milk Powder Exports Earn $24 Million

EghtesadOnline: Iran exported 7,238 tons of milk powder worth $24.78 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date:19/August/2018 | 04:31

Vacuum Cleaners Imported From 14 Countries

EghtesadOnline: More than $29 million worth of vacuum cleaners were imported into Iran from 14 countries during the last Iran ian year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date:19/August/2018 | 04:31

Tehran to Host Handmade Carpet Expo

EghtesadOnline: The 27th Iran Handmade Carpet Exhibition is scheduled to open at Tehran International Permanent Fairground on August 25.
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Publish Date:19/August/2018 | 04:22

Farming PPI Rises 14%

EghtesadOnline: The Producer Price Index for the sector of “Farming, Horticulture and Traditional Husbandry” in the 12 months ending June 21, which marks the end of spring, increased by 14% compared with last year’s corresponding period.
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Publish Date:19/August/2018 | 04:20

AML Bill Faces Objection

EghtesadOnline: Iran ’s Guardians Council ruled an anti-money laundering bill passed by the parliament to be inconsistent with the Iran ian Constitution and Islamic law, sending it back to the legislature for revision.
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Publish Date:19/August/2018 | 04:19