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Non-Oil Trade With Turkmenistan Tops 190K Tons

EghtesadOnline: Iran traded 194,214 tons of non-oil commodities worth $113.77 million with Turkmenistan during the first four months of the current fiscal year (March 21-July 22).
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Publish Date: 26/August/2018 | 24:55

Sanctions Clouding S. Korean Cigarette Sales in Iran

EghtesadOnline: South Korea’s leading tobacco seller KT&G is watching the Iran market where sales of its brands were slowing down this year after US reimposed sanctions against the Middle East nation, officials said on Thursday.
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Publish Date: 26/August/2018 | 24:54

Kiwi Exports Earn $15m in 4 Months

EghtesadOnline: Iran exported 28,428 tons of kiwis worth $15.75 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: 26/August/2018 | 24:53

Soybean Imports Grow 45 Percent

EghtesadOnline: Close to 999,000 tons of soybeans worth more than $492 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22).
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Publish Date: 26/August/2018 | 24:52

SCI: Inflation at 9.7%

EghtesadOnline: The goods and services Consumer Price Index in the 12-month period ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 9.7% compared with last year’s corresponding period, the Statistical Center of Iran reported.
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Publish Date: 26/August/2018 | 24:51

EPI Rises 130.6% YOY, 24.6% MOM

EghtesadOnline: The export price index stood at 552.2 for the fourth month of the current fiscal year (June 22-July 22), registering a 24.6% increase compared with the preceding month and a 130.6% rise compared with last year’s corresponding month, the Central Bank of Iran’s latest data show.
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Publish Date: 26/August/2018 | 24:49

Iran, Crimea Mull Trading Using Russian River System

EghtesadOnline: US-sanctioned Iran is interested in doing business with Russia’s Crimea, according to authorities from the Russian region that is also facing sanctions from Washington and Brussels.
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Publish Date: 26/August/2018 | 24:48

Non-Oil Trade With Kuwait Tops $100m

EghtesadOnline: Iran traded 1.30 million tons of non-oil commodities worth $108.92 million with Kuwait during the first four months of the current Iranian fiscal year (March 21-July 22), registering an 89.95% and 4.85% increase 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: 26/August/2018 | 24:46

Raisin Exports Earn $12m in 4 Months

EghtesadOnline: Iran exported 11,077 tons of raisins worth $12.77 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’s show.
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Publish Date: 26/August/2018 | 24:43

Joint Agro Machinery Production With Armenia

EghtesadOnline: Iran and Armenia signed a memorandum of understanding last week on joint production of agricultural machinery, Iran’s commercial attaché to Armenia, Mohsen Rahimi, said.
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Publish Date: 26/August/2018 | 24:41

Private Firms Grapple With Systemic Barriers

EghtesadOnline: A significant number of private owners and managers of financial, industrial and commercial firms are watching in dismay, as their businesses are falling apart at warp speed.
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Publish Date: 26/August/2018 | 24:40

Gov’t to Build 2 New Towns

EghtesadOnline: The Iranian government will commence the process of building two new towns in the southern Chabahar County in Sistan-Baluchestan Province from next week, the newly-appointed CEO of the New Towns Development Company said.
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Publish Date: 26/August/2018 | 05:45

CBI Moves to Sideline USD

EghtesadOnline: As part of the latest measure to ditch the US dollar from the country's transactions, the Central Bank of Iran has removed the American currency from the list of Sanarate.ir, the website reporting the exchange rate of foreign currencies based on exchange bureaux information.
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Publish Date: 26/August/2018 | 05:44

Bank Loans Hit €18 Billion in 4 Months

EghtesadOnline: Banks and credit institutions allocated a total of 1.67 quadrillion rials (€17.92 billion) to various sectors of the economy during the first four months of the current fiscal year that ended on July 22, the Central Bank of Iran’s data show.
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Publish Date: 26/August/2018 | 05:38

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