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Trump Flirts With Sanctions

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati, said Thursday that the new US sanctions against Iranian banks are yet another blow to the few remaining channels to pay for food and medicine, describing the move as another political stunt.
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Publish Date: 10/October/2020 | 15:19

Iran Refiners Ramp Up Output

EghtesadOnline: Oil refining companies in Iran are doing reasonably well as production and export of gasoline has been of the ascending order in the past 14 years.
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Publish Date: 07/October/2020 | 20:10

No Flights to Turkey Until Nov. 1

EghtesadOnline: Flights between Iran and Turkey will be suspended until Nov. 1 to help curb the new wave of Covid-19, the head of Iran Civil Aviation Organization said.
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Publish Date: 07/October/2020 | 20:08

Iranian Exhibition Sector Sustains $4.4m in Pandemic Losses

EghtesadOnline: Iran’s exhibitions sector has suffered 1.25 trillion rials ($4.26 million) in losses since the outbreak of the coronavirus pandemic in mid-February, according to the head of the Union for International Exhibitions of Iran.
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Publish Date: 07/October/2020 | 20:01

15% Decline in Vegetable Oil Output as Oilseed Imports Drop 51%

EghtesadOnline: A total of 810,000 tons of vegetable oil were produced in Iran during the first half of the current Iranian year (March 20-Sept. 21), showing a 15% decline compared with the similar period of last year, according to the secretary of Iran’s Vegetable Oil Industries Guild Union.
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Publish Date: 07/October/2020 | 19:59

Iranian Pesticide Use Below Global Average

EghtesadOnline: Iran’s annual pesticide consumption currently averages at 30,000-35,000 tons, the head of Iran’s Plant Protection Organization said.
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Publish Date: 07/October/2020 | 19:57

CBI Forex Dealers Raise Rates

EghtesadOnline: Unabated rallies in currency rates propelled exchange shops affiliated to the Central Bank of Iran to push rates to unprecedented levels on Tuesday.
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Publish Date: 07/October/2020 | 19:55

Daily Virus Infections Surpass 4,000

EghtesadOnline: For the second day in a row, Iran set a daily record of 4,151 Covid-19 infections on Tuesday as officials warned that the third wave of the disease had become more severe.
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Publish Date: 07/October/2020 | 13:04

Plan to Meet Weaponry Needs After Arms Ban Expiry

EghtesadOnline: Iran will meet its weaponry needs after the United Nations arms embargo expires later this month and no country can prevent Tehran from exercising its right under the UN resolution, a senior diplomat said.
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Publish Date: 06/October/2020 | 20:25

MPs Visit Nagorno-Karabakh Border

EghtesadOnline: A group of Iranian lawmakers paid a visit to the country’s border areas near the Nagorno-Karabakh region, where fighting has broken out between Armenia and the Republic of Azerbaijan since last week.
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Publish Date: 06/October/2020 | 20:24

Iran H1 Auto Output Rises 10%

EghtesadOnline: Iran’s automotive output increased by more than 10% during the first half of the current Iranian year (March 20-Sept. 21) compared with the year-ago period.
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Publish Date: 06/October/2020 | 20:13

SMEs Exports Rise to $1.7b

EghtesadOnline: Small- and medium-sized businesses, affiliated with Iran Small Industries and Industrial Parks Organization, exported $1.74 billion worth of goods during the first half of the current Iranian year (March 20-Sept. 21) to register a 16.7% growth compared with the similar period of last year.
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Publish Date: 06/October/2020 | 20:09

Cement Export Declines While That of Clinker Rises

EghtesadOnline: As of March 2018, Iraq used to be the main export destination of Iranian cement, but it is more than a year now since the neighboring country suspended imports of this construction material from Iran.
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Publish Date: 06/October/2020 | 20:08

NICICO Sales Grow 61% YOY to Over $560 Million in 6 Months

EghtesadOnline: The National Iranian Copper Industries Company’s sales stood at 161.95 trillion rials ($568 million) during the first six months of the current Iranian year (March 20-Sept. 21), according to the company’s managing director.
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Publish Date: 06/October/2020 | 20:06

Covid-19 Cases Hit Single-Day Record

EghtesadOnline: Iran registered its biggest single-day spike in coronavirus cases on Monday with 3,900 new infections, as overnight deaths touched late July’s record high of 235.
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Publish Date: 06/October/2020 | 13:40

Forex Back on Fast Track in Iran

EghtesadOnline: Foreign exchange rates in Iran’s free market climbed again on Monday after a lull in the past two sessions as the US dollar clawed back losses in previous trade.
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Publish Date: 06/October/2020 | 13:38

Rial Gains Against Major Currencies

EghtesadOnline: Major currencies moved further from record highs reached last week and declined Sunday both in Tehran’s free market and official exchange-bureaus affiliated to the Central Bank of Iran.
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Publish Date: 05/October/2020 | 13:18

Parsian Bank, EGFI Agree to Finance Non-Oil Export

EghtesadOnline: The Export Guarantee Fund of Iran, the state-owned export credit agency, and Parsian Bank signed an agreement Sunday to jointly finance and guarantee loans to exports of non-oil goods.
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Publish Date: 05/October/2020 | 24:37