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Food Inflation Rates Reviewed

EghtesadOnline: The Statistical Center of Iran has released a new report, reviewing the price changes in food products during the fifth month of the current Iran ian year (July 22-Aug. 21).
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Publish Date:03/September/2020 | 13:42

Iran 's Q1 Economic Growth at -3.5%

EghtesadOnline: Iran ’s gross domestic product saw a contraction of 3.5% during the first quarter of the current fiscal year (March 20-June 20) compared to the corresponding period of last year, the Statistical Center of Iran ’s latest report shows.
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Publish Date:03/September/2020 | 13:35

E-Wallet Rulebook for Iran ian Fintechs

EghtesadOnline: The Central Bank of Iran in a bid to help facilitate micropayments on Tuesday unveiled a regulatory framework for fintechs dealing with electronic wallets.
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Publish Date:03/September/2020 | 13:31

Production of TV Sets Up 30%

EghtesadOnline: A total of 400,000 television sets were produced in Iran during the first five months of the current Iran ian year (March 20-Aug. 21), which indicate a 30% rise compared with the similar period of last year, according to the secretary of Audiovisual Appliances Producers Union.
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Publish Date:02/September/2020 | 13:39

Virus Destroying Gasoline Demand

EghtesadOnline: Gasoline consumption declined in the eighth month (July 21-August 21) of the Iran ian calendar year by 30% compared to the corresponding period last year, a member of the Gasoline Station Owners' Association (GSOA) said.
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Publish Date:02/September/2020 | 13:35

10% Rise in Agrifood Exports

EghtesadOnline: A total of 3 million tons of agrifood products worth $2 billion were exported from Iran during the first five months of the current Iran ian year (March 20-Aug. 21) to register a respective rise of 22.5% and 10.05% in tonnage and value compared with the similar period of last year.
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Publish Date:02/September/2020 | 13:32

Iran ian Tobacco Company Works Out Expansion Plan

EghtesadOnline: Iran ian Tobacco Company produced 2.4 billion cigarettes over the first quarter of the current year (March 20-June 20), which puts its monthly average output at 800 million.
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Publish Date:02/September/2020 | 13:30

Central Bank of Iran Evaluates Tehran’s Monthly Housing Market

EghtesadOnline: Atotal of 9,080 homes were sold in Tehran during the fifth month of the current fiscal year (July -Aug. 21), registering a 35.4% decline compared with the preceding month and a 175.8% growth compared with the 3,292 deals in the corresponding month of last year.
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Publish Date:02/September/2020 | 24:45

Turkey Suspends Iran Flights Yet Again

EghtesadOnline: Turkey has once again put off the resumption of Iran flights to Oct. 2, according to the head of Civil Aviation Organization of Iran .
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Publish Date:02/September/2020 | 24:21

Tavanir Improving Efficiency of Power Distribution Systems

EghtesadOnline: Approximately 45% of the domestic electricity distribution network has been renovated, deputy for power distribution affairs at Iran 's Power Generation, Distribution and Transmission Company (Tavanir) said.
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Publish Date:01/September/2020 | 11:33

Exports to CIS Rise to $1.7b

EghtesadOnline: Iran exported a total of 4.79 million tons of goods worth more than $1.75 billion to the Commonwealth of Independent States during the last Iran ian year (March 2019-20) to register a 133% rise in value compared with the year before, according to the spokesperson of the Islamic Republic of Iran Customs Administration.
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Publish Date:01/September/2020 | 11:23

Gov’t Dues to CBI Related to ‘Debt Classification’

EghtesadOnline: The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance.
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Publish Date:01/September/2020 | 11:21

Rich-Poor Inflation Gap at 5.4%

EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 5.4% in the fifth Iran ian month (July 22-Aug. 21), indicating a 0.7 percentage point increase compared with the previous month.
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Publish Date:31/August/2020 | 11:50

More Working Days at Mehran Border Terminal

EghtesadOnline: Following negotiations between Iran ian and Iraqi officials, business days at Mehran border terminal has increased from two to four days a week, says Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration.
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Publish Date:31/August/2020 | 09:14

Banks Welcome Fintechs' Fee Proposal

EghtesadOnline: Contrary to authorized payment companies, banks have welcomed Iran ’s Fintech Association's proposed fee system for online payment in which aggregators and service providers cover the network fees, which currently are paid by banks.
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Publish Date:31/August/2020 | 09:07

3 Tons Added to Iran 's Annual Gold Ingot Output Capacity

EghtesadOnline: Zar-Kouh Mining Company in the western Kurdestan Province of Iran has launched a new gold mine, which is expected to add 3,000 kilograms to the country's total annual gold ingot output capacity.
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Publish Date:27/August/2020 | 18:09

IMIDRO to Launch $1.3 Billion Fund to Prop Up Mineral Firms

EghtesadOnline: Mineral companies affiliated to the Iran ian Mines and Mining Industries Development and Renovation Organization (IMIDRO) joined hands Wednesday to set up a fund for supporting listed mineral companies.
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Publish Date:27/August/2020 | 18:05