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Banana Imports Hit $176m in Four Months

EghtesadOnline: More than 180,706 tons of fresh and dried bananas worth $176 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: 28/August/2018 | 06:40

9.5 Million Checks Transacted in 1 Month

EghtesadOnline: A total of 9.5 million checks amounting to 866 trillion rials ($10.31 billion) were transacted in Iran during the fourth month of the current fiscal year that ended on July 22.
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Publish Date: 28/August/2018 | 06:33

Time to Embrace Tech Revolution

EghtesadOnline: With the world on the cusp of the fourth industrial revolution, Iran’s ICT minister urges all, citizens and authorities alike, to take note of the situation and keep pace with the universal technological transformation before the country is marooned in the past.
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Publish Date: 27/August/2018 | 09:28

Iran Expanding Space Law Studies

EghtesadOnline: With countries moving ahead with schemes to commercialize space and countries like the US mulling the idea of establishing a space military force, Iranian authorities are endeavoring to advance scientific research in the field and get a better grasp of international space law.
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Publish Date: 27/August/2018 | 09:27

Major ISP HiWeb Back on Capital Market

EghtesadOnline: As of Monday, shares of major Iranian Internet service provider HiWeb were traded on the Tehran Stock Exchange again after its ticker symbol was frozen last December.
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Publish Date: 27/August/2018 | 09:26

Iran: New Move to Calm Cellphone Market

EghtesadOnline: In order to mitigate the raging inflation in the mobile phone market, authorities will distribute 650,000 handsets at moderate prices in the market this week.
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Publish Date: 27/August/2018 | 09:24

Iran Auto Parts Makers Facing More Headwinds

EghtesadOnline: Given the turmoil surrounding the government forex policies which have hampered the import of raw materials, auto parts makers are struggling to keep production lines up and running amid a stream of economic setbacks.
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Publish Date: 27/August/2018 | 09:18

Auto Industry Off for Summer Holiday

EghtesadOnline: Iranian carmakers and parts manufacturers shut down their production lines for their customary one-week summer holiday on Saturday.
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Publish Date: 27/August/2018 | 09:15

Iranian Authorities Mulling Uncustomary Second Annual Vehicle Price Hike

EghtesadOnline: In light of recent developments in the forex market coupled with mounting pressure by carmakers, the authority in charge of regulating the auto market in a rare move has announced that it is poised to sanction another round of price increases.
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Publish Date: 27/August/2018 | 09:15

Gov’t Wheat Purchases Surpass Last Year’s

EghtesadOnline: The government has bought more than 9.2 million tons of wheat from local farmers in 31 Iranian provinces in the current fiscal year (started March 21), which indicates a 5% increase compared with the similar period of last year.
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Publish Date: 27/August/2018 | 04:35

Iran to Launch Negin Port Container Terminal Phase 1

EghtesadOnline: Director General of Ports and Maritime Directorate of Bushehr Province Siavash Arjmandzadeh said Phase 1 of the construction project of Negin Island’s container terminal is now complete.
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Publish Date: 27/August/2018 | 04:32

Handicrafts Exports Exceed $530 Million

EghtesadOnline: Iran earned $281 million from the export of handicrafts through the country’s official customs terminals and $250 million through suitcase trade during the last fiscal year (ended March 20, 2018).
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Publish Date: 27/August/2018 | 04:31

Mongolia Meat Exporters Turn to Iran's Halal Market

EghtesadOnline: Amid surging demand and limited local production in Iran for halal meat and as Mongolia pushes to make more money from the huge herds of livestock that roam its vast grasslands, the latter country is tapping overseas appetite for halal mutton from the former.
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Publish Date: 27/August/2018 | 04:30

Guilds Chief Appointed Member of Budgeting Committee

EghtesadOnline: Head of Iran Chamber of Guilds Ali Fazeli has been appointed as a new member of the Budgeting Committee by the head of Plan and Budget Organization, Mohammad Baqer Nobakht.
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Publish Date: 27/August/2018 | 04:29

Iran Home Loans Surge by 52.8%

EghtesadOnline: Bank Maskan, the sole specialized bank in the housing sector, has recorded an annual increase of 52.8% in the volume of loans it has paid to finance related deals.
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Publish Date: 27/August/2018 | 04:18

Banks Lagging Behind AGM Schedule

EghtesadOnline: More than a month has passed since the July 22 deadline set for Iran’s banks and credit institutions to finalize their financial statements and hold their annual general meetings, but only a handful have managed this feat.
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Publish Date: 27/August/2018 | 04:15

Sesame Oil, Products Imported From 6 Countries

EghtesadOnline: More than 1.38 million tons of sesame oil and products worth $3.2 million were imported into Iran from six countries during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran Customs Administration indicate.
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Publish Date: 26/August/2018 | 13:03

Surcharge on Forex Rate Difference “Illegal”

EghtesadOnline: The retrospective application of Clause Five of the government’s new foreign currency on imports is against the law, the chairman of the parliamentary faction focused on fighting corruption and economic transparency said.
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Publish Date: 26/August/2018 | 13:01