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Iran’s CB Suspends ‘Currency Quota’

EghtesadOnline: The Central Bank of Iran on Wednesday temporarily suspended allocation of $2,200 or equivalent in foreign currency at relatively less rates to the people after price arbitrage with the free market caused new problems.
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Publish Date: 10/September/2020 | 11:04

6% Growth in Petrochem Output

EghtesadOnline: Iran's petrochemical industry is moving ahead as data show an upswing in production in recent months from last year's corresponding period, director of production control department at the National Petrochemical Company said.
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Publish Date: 09/September/2020 | 11:51

Aluminum Production Rises 70%

EghtesadOnline: Iranian aluminum producers had an aggregate output of 175,000 tons of ingots during the first five months of the current Iranian year (March 20- Aug. 21) to register a 70% hike compared with the corresponding period of last year.
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Publish Date: 09/September/2020 | 11:45

Rubble Stone Accounts for 25% of Iranian Mines

EghtesadOnline: A total of 2,587 rubble stone mines have been registered in Iran to date, constituting around 25% of the country’s total mines, data provided by the Ministry of Industries, Mining and Trade show.
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Publish Date: 09/September/2020 | 11:41

Covid-19 Cases Cross 390,000

EghtesadOnline: Over 390,000 Iranians have tested positive for SARS-CoV-2, the coronavirus that causes Covid-19, in the nearly seven months since the infectious disease was first spotted in the Middle Eastern country.
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Publish Date: 09/September/2020 | 11:39

Forex Reaches All-Time High

EghtesadOnline: Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated to Central Bank of Iran.
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Publish Date: 09/September/2020 | 11:26

Throughput of Commercial Ports Down 26% YOY to 48 Million Tons

EghtesadOnline: Iran’s 21 major commercial ports handle a total of 48.42 million tons of commodities during the first five months of the current Iranian year (March 20-Aug. 21) to register a 26.5% decline compared with the similar period of last year.
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Publish Date: 09/September/2020 | 11:24

Probe Into Natanz Incident Underway

EghtesadOnline: The Atomic Energy Organization of Iran’s spokesman said the country’s security forces have identified the perpetrators of an act of sabotage at Natanz nuclear facility in central Iran in July.
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Publish Date: 08/September/2020 | 14:21

Iran's Zarshouran Gold Output Tops 360 Kg in Five Months

EghtesadOnline: Zarshouran Gold Mine produced a total of 367 kilograms of gold ingots in the first five months of the current Iranian year (March 20-Aug. 21), registering a 23% rise compared with the same period of last year.
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Publish Date: 08/September/2020 | 14:13

Greenhouse Expansion on Track in Iran

EghtesadOnline: A total of 1,476 hectares of greenhouses were built and expanded across Iran in the first five months of the current Iranian year (March 20-Aug. 21), according to the deputy agriculture minister for horticultural affairs.
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Publish Date: 08/September/2020 | 14:11

Iran's Daily Virus Cases Hit 10-Day High

EghtesadOnline: Over 2,150 were diagnosed with Covid-19 in Iran on Monday, the country’s highest overnight tally in the past 10 days, taking the national caseload to 388,810.
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Publish Date: 08/September/2020 | 14:07

34 Injured in Iran's Golestan Quake

EghtesadOnline: A5.1-magnitude earthquake struck the northeastern province of Golestan in the early hours of Monday, injuring 34 and damaging several houses in nearby villages.
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Publish Date: 08/September/2020 | 14:06

Slight Improvement in Iran's Housing PMI

EghtesadOnline: The Purchasing Managers' Index for the housing sector in the fifth month of the current fiscal year (July 22-Aug. 21) settled at 52.94 from 52.78 in the preceding month (June 21-July 21).
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Publish Date: 08/September/2020 | 14:04

Currency Swaps and Challenges

EghtesadOnline: The Monetary and Banking Research Institute (MBRI), the research arm of Central Bank of Iran, has looked into challenges ahead of Iran’s currency swap agreements and offered solutions.
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Publish Date: 08/September/2020 | 14:02

Furniture Exports Rise 290% to $75m in Fiscal 2019-20

EghtesadOnline: A total of $75 million worth of furniture were exported during the last Iranian year (March 2019-20), registering a whopping rise of 290% compared with the previous year, according to the head of Furniture Manufacturers and Exporters Union.
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Publish Date: 07/September/2020 | 13:16

W. Azarbaijan Accounts for Bulk of Apple Exports

EghtesadOnline: A total of 750,000 tons of apples were exported from Iran in the last Iranian year (March 2019-20), more than 504,000 tons (67.2%) of which were produced in West Azarbaijan Province.
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Publish Date: 07/September/2020 | 13:08

Overall Economic PMI Slightly Improves

EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran's overall economy settled at 46.43 in the month ending August 21 from 45.47 in the month ending July 21, indicating 0.96 points or 2.11% improvement.
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Publish Date: 07/September/2020 | 13:06