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Multilateral Deal to Boost Auto Sector

EghtesadOnline: Parts manufacturer SAPCO, affiliated to Iranian carmaker SAIPA, has signed agreements worth 4.2 trillion rials ($37 million) with Ferdowsi University of Mashhad and several industrial units based in Khorasan Razavi Province.
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Publish Date: 07/September/2019 | 24:02

Iran Gov’t Invests $225m in Innovation Fund

EghtesadOnline: The Iranian government has agreed to invest 26 trillion rials ($225 million) in Iran National Innovation Fund to support knowledge-based companies and startups.
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Publish Date: 07/September/2019 | 24:00

Report: Japan Not to Join US Maritime Coalition in Persian Gulf

EghtesadOnline: Japan will not join a US-led security mission to purportedly protect merchant vessels passing through key Middle Eastern waterways, but will consider deploying its naval force independently, the Yomiuri newspaper reported on Tuesday.
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Publish Date: 04/September/2019 | 11:10

Kerman Looking for New Water Solutions

EghtesadOnline: The plains around Kerman City, capital of the namesake province, no longer have the capacity for more deep wells to reach groundwater resources, and water transfer is the only way to meet its water needs, the civil coordination affairs deputy of the Kerman governor said.
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Publish Date: 03/September/2019 | 10:13

7 Mineral Projects Ready to Come on Stream

EghtesadOnline: Seven mining and mineral projects are ready to be inaugurated in the provinces of Kerman, Zanjan, South Khorasan and Isfahan, the chairman of Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) said.
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Publish Date: 03/September/2019 | 10:04

CHP Plant Operational in Anzali FTZ

EghtesadOnline: Gilan Province's second combined heat and power (CHP) plant became operational in Bandar Anzali Free Trade Zone on Saturday, head of the provincial power company said.
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Publish Date: 02/September/2019 | 11:01

Iran's ECA Covers $1b Exports in 5 Months

EghtesadOnline: The Export Guarantee Fund of Iran covered non-oil exports worth $1 billion in the first five months of the current fiscal year (started in mid-March), head of EGFI said.
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Publish Date: 02/September/2019 | 10:44

15% Rise in Freeway Tolls

EghtesadOnline: An average increase of 15% has been levied on Iran's freeway tolls, Secretary of Freeway Investor Companies’ Workgroup Khodayar Khashe’ announced. Noting that freeway tolls in Iran amount to less than 10% of the rates in other countries, the official said freeway investor companies complain about the small increase in toll rates.
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Publish Date: 01/September/2019 | 09:48

Macron Still Hopeful of Iran Initiative

EghtesadOnline: French President Emmanuel Macron is acknowledging that his efforts to bring Iran and the US together are "fragile", but says he still sees a "possible path" to rapprochement after decades of conflict.
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Publish Date: 31/August/2019 | 10:48

Tax Break for Investors in Roadside Convenience Stores

EghtesadOnline: Iran Road Maintenance and Transportation Organization will offer non-monetary incentives to investors interested in setting up roadside convenience stores, says director general of Investment and Supervision Department of the organization, Mohammad Reza Shahraki-Sanavi.
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Publish Date: 31/August/2019 | 10:39

Insurance Firms’ Delay in Repaying Pharmacies Under Fire

EghtesadOnline: Insurance companies’ lack of accountability in making pharmaceutical payments is one of the main problems afflicting pharmacies, a board member of Iran Pharmacist Association said.
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Publish Date: 31/August/2019 | 10:38

Iran Plans Air Taxi Services

EghtesadOnline: I ran plans to launch air taxi services, says the head of Iran Airports Company, Siavash Amir-Mokri.
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Publish Date: 31/August/2019 | 10:36

Iran Likely to Sign PTA With India by Yearend

EghtesadOnline: A preferential trade agreement between Iran and India is expected to be signed by the yearend, as talks have entered “final phase”, says Iranian Ambassador to India Ali Chegeni.
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Publish Date: 31/August/2019 | 10:35

Exporters Repatriate €7 Billion in 5 Months

EghtesadOnline: Exporters repatriated €7.19 billion of their overseas earnings from the beginning of the year (March 20) through late August.
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Publish Date: 31/August/2019 | 10:32

Iran-Armenia Third Power Transmission Line to Be Completed by 2020

EghtesadOnline: According to agreements between Iran and Armenia at the 16th session of the Joint Intergovernmental Commission in Tehran last month, it was decided that the third electricity transmission line project between the two countries should be completed by the end of 2020, deputy energy minister for international affairs said.
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Publish Date: 26/August/2019 | 24:37

239m Bank Cards Unused in 1 Month

EghtesadOnline: Out of a total of 341 million cards issued by Iranian banks by the end of calendar month to July 22, card holders conducted at least one transaction with 101.2 million cards during the month.
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Publish Date: 26/August/2019 | 24:00

Mistrust, Saudi Influence Block Iran's Regional Proposals

EghtesadOnline: Persian Gulf countries' cold response to Iran's regional initiatives has its roots in deep-seated mistrust, Tehran's tense relations with the United States and the influence of Saudi Arabia in the Arab world, says a political analyst.
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Publish Date: 25/August/2019 | 11:39

Bank Melli Iran Pays $100m in Debt Purchase Loans

EghtesadOnline: State-owned Bank Melli Iran has granted 7,612 debt purchase applicants facilities worth 11.78 trillion rials ($100.7 million) in the first four months (March 21-July 22) of the current fiscal year.
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Publish Date: 25/August/2019 | 11:29