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Iran 's Trade With Eurasian Economic Union Hits $2.4b

EghtesadOnline: Iran and the Eurasian Economic Union traded 6.86 million tons of commodities worth $2.4 billion from Oct. 27, 2019, when a preferential trade agreement between the two sides came into effect, to June 20, 2020, according to the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date:04/July/2020 | 09:23

Central Bank of Iran Again Raises Interbank Deposit Rate

EghtesadOnline: In bid to further narrow the rate spread in the interest rate corridor (IRC) the Central Bank of Iran announced that it would raise rates on interbank deposits by 1 percentage points to 13% starting today (Saturday).
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Publish Date:04/July/2020 | 09:21

Food Price Changes Reviewed

EghtesadOnline: The Statistical Center of Iran has released a new report reviewing price changes in food products during the month ending June 20.
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Publish Date:01/July/2020 | 13:01

Isfahan Steelmaker Wakes Up to Worsening Water Crisis

EghtesadOnline: To reduce demand for fresh water in the arid province of Isfahan, an agreement was signed on Tuesday between the National Water and Wastewater Engineering Company of Iran (Abfa) and Isfahan Steel Company, Iran 's biggest producer of structural steel, head of the water company said.
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Publish Date:01/July/2020 | 24:58

Iran Sees 41% Decline in Trade With Top Partner China

EghtesadOnline: Iran ’s commercial exchanges with its biggest trading partner China stood at $6.4 billion during the first five months of 2020 to register a 41.3% decline compared with the corresponding period of 2019.
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Publish Date:01/July/2020 | 24:55

Q1 Exports From Mazandaran Ports Reach 185K Tons

EghtesadOnline: A total of 185,000 tons of goods were exported from the ports of Mazandaran Province during the first three months of the current Iran ian year (March 20-June 20).
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Publish Date:01/July/2020 | 24:43

ICA Rules Iran Pay $2b to Turkmengaz

EghtesadOnline: The International Court of Arbitration (ICA) announced its verdict over the Iran -Turkmenistan gas row.
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Publish Date:30/June/2020 | 08:38

SAIPA Strengthens Ties With Academia for Tech Upgrade

EghtesadOnline: Iran ’s major automaker SAIPA is strengthening cooperation with the University of Science and Technology to upgrade its products with the state-of-the-art technology.
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Publish Date:30/June/2020 | 08:36

Iran 's Agrifood Exports Exceed $890 Million in 2 Months

EghtesadOnline: Iran exported 1.67 million tons of agricultural and food products worth over $890 million during the first two months of the current fiscal year (March 20-May 20), the Agriculture Ministry reported.
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Publish Date:30/June/2020 | 08:33

Iran 's Q1 Non-Oil Trade at $13.9b

EghtesadOnline: Iran ’s non-oil trade stood at $13.98 billion during the first three months of the current fiscal year (March 20-June 20), of which exports accounted for $6.36 billion and imports for $7.62 billion, Mehdi Mirashrafi, the head of the Islamic Republic of Iran Customs Administration, says.
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Publish Date:30/June/2020 | 08:29

2,500 Commercial Cards Suspended

EghtesadOnline: Iran ’s Trade Promotion Organization suspended 2,500 commercial ID cards after their owners failed to heed government warnings regarding the return of overseas export currency earnings, head of the TPO said.
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Publish Date:30/June/2020 | 08:26

Daily Virus Deaths Rise to Record High

EghtesadOnline: Iran registered a record high in daily fatalities from the Covid-19 pandemic on Monday, as the country began to feel the inevitable consequences of large-scale reopenings.
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Publish Date:30/June/2020 | 08:22

Iran 's CB Looking at Euro CDs

EghtesadOnline: The Central Bank of Iran said it is planning to launch euro-denominated certificate of deposit to reduce the volume of rials held by the public and downsize the money supply, the bank’s governor said.
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Publish Date:29/June/2020 | 24:19

Cattle Farming Sector Bemoans Massive Surplus

EghtesadOnline: Excessive production of livestock over the past few months, combined with significant decline in red meat consumption due to the coronavirus pandemic, have led to a massive surplus in the cattle farming sector, says the head of Iran ’s Livestock Exporters National Assembly.
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Publish Date:29/June/2020 | 10:31

Facemasks to Become Mandatory in Public

EghtesadOnline: Iran ians will be required to wear facemasks in public starting next week, as daily fatalities from the coronavirus pandemic have risen to a three-month high on Sunday.
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Publish Date:29/June/2020 | 10:18

Majority of Jobholders Lack Health, Retirement Benefits

EghtesadOnline: Sixty percent of jobs in Iran lack health and retirement benefits, which are also not entitled to government support offered to businesses during the coronavirus crisis.
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Publish Date:28/June/2020 | 08:58

Iran 's Iron Ore Exports in Steady Decline

EghtesadOnline: Iran has been reducing the export of iron ore in the past few years in line with plans to curb the export of unprocessed minerals and encourage the mining industry to create added value, Deputy Minister of Industries, Mining and Trade Dariush Esmaeili said.
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Publish Date:28/June/2020 | 08:28

IKCO Launches 175 Projects for Auto Parts Localization

EghtesadOnline: In line with efforts to deepen the localization of auto parts production, 175 projects have been launched by Iran ’s major carmaker Iran Khodro (IKCO), the company’s CEO said.
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Publish Date:28/June/2020 | 08:26