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CBI Wants Banks to Buy Bonds

EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government.
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Publish Date: 19/August/2020 | 10:10

Steel Exports Dip 31% YOY to 2.2 Million Tons in 4 Months

EghtesadOnline: More than 2.23 million tons of finished and semi-finished steel products were exported from Iran during the first four months of the current Iranian year (March 20-July 21), registering a 31.83% decrease compared with the similar period of last year, according to the Iranian Steel Producers Association's latest report.
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Publish Date: 19/August/2020 | 10:05

NIOC Signs $1.7b Contracts With Domestic Firms

EghtesadOnline: The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on Monday to develop eight oilfields.
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Publish Date: 18/August/2020 | 11:08

Pastry, Chocolate, Biscuit Exports Exceed $150m in Four Months

EghtesadOnline: Atotal of 145,924 tons of pastry, chocolate, bread and biscuit worth $153 million were exported from Iran to 56 countries during the first four months of the current Iranian year (March 20-July 21), according to the spokesperson of the Islamic Republic of Iran Customs Administration.
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Publish Date: 18/August/2020 | 10:14

Cigarette Smuggling Up 78%

EghtesadOnline: A total of 6.24 billion cigarettes were smuggled into Iran during the first quarter of the current year (March 20-June 20), indicating a 78.3% increase compared with the corresponding period of last year.
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Publish Date: 18/August/2020 | 10:09

Auto Parts Localization Could Save $2 Billion

EghtesadOnline: Iranian auto industries can reduce capital flight by $2 billion, if the government were to support their localization efforts, secretary of Iranian Auto Parts Manufacturers Association says.
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Publish Date: 18/August/2020 | 10:04

Guardians Council Spotlights Flaws in Vacancy Tax Bill

EghtesadOnline: The Guardians Council—a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has drawn attention to the flaws in various provisions of new vacancy tax bill drafted by parliamentarians.
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Publish Date: 18/August/2020 | 09:57

NICICO Sales Grow 33% YOY to Over $400 Million in 4 Months

EghtesadOnline: The National Iranian Copper Industries Company's sales stood at 91.62 trillion rials ($409 million) during the first four months of the current Iranian year (March 20-July 21), according to the company’s managing director.
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Publish Date: 18/August/2020 | 09:54

Mining Sector’s Water Consumption Untenable

EghtesadOnline: The Majlis Research Center, the research arm of the parliament, says how average amount of water used to produce metals, namely gold and copper, in Iran is five times above international norms.
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Publish Date: 17/August/2020 | 11:41

Vitamin Supplement Imports Top $9m in 4 Months

EghtesadOnline: A total of 343,178 tons of vitamin supplements worth $9.28 million were imported into Iran from 16 countries during the first four months of the current Iranian year (March 20-July 210), according to the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date: 17/August/2020 | 11:29

Exhibition Industry Suffers $14m Loss Due to Pandemic

EghtesadOnline: Iran’s exhibition industry has suffered losses estimated at 3.1 trillion rials ($14 million) following the outbreak of the new coronavirus, according to the CEO of Iran International Exhibitions Company.
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Publish Date: 17/August/2020 | 11:28

SCI Scrutinizes Tehran's Real-Estate Market in Q1

EghtesadOnline: The Statistical Center of Iran has published its latest report on home and land prices, as well as rent levels in the capital city Tehran in the first quarter of the current Iranian year (March 20-June 20), the spring season of fiscal 2020-21.
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Publish Date: 17/August/2020 | 11:26

44% Rise in Red Meat Production

EghtesadOnline: A total of 36,200 tons of red meat were produced in Iran during the fourth month of the current Iranian year (June 21-July 21) to register a 44% rise compared with the similar month of last year.
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Publish Date: 17/August/2020 | 11:21

Iran Foreign Ministry Appoints New Spokesman

EghtesadOnline: The new Foreign Ministry spokesman officially assumed office on Sunday during a ceremony at the ministry attended by Iran’s chief diplomat, Mohammad Javad Zarif.
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Publish Date: 17/August/2020 | 11:12

Zarif: Bid to Return Sanctions Illegal, Unacceptable

EghtesadOnline: The US attempt to use the mechanism foreseen in the 2015 nuclear deal to return all global sanctions on Tehran is "illegal" and "unacceptable", the Iranian foreign minister said.
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Publish Date: 17/August/2020 | 11:10

Iran's Steel Output Surges 7% to Over 16 Million Tons

EghtesadOnline: Iranian steelmakers produced a total of 16.74 million tons of semi-finished and finished steel products during the first four months of the current fiscal year (March 20-July 21) to register a 7.22% year-on-year increase.
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Publish Date: 17/August/2020 | 11:08

Iran's Daily Covid-19 Deaths Drop to Eight-Day Low

EghtesadOnline: Iran’s overnight fatalities due to the coronavirus outbreak dropped to its lowest in eight days on Sunday, although the Health Ministry’s Covid-19 Epidemiology Committee announced that the death rate is still “relatively high”.
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Publish Date: 17/August/2020 | 10:57

Wake-Up Call for Insurers

EghtesadOnline: The Central Insurance company of Iran, the supervisory and regulatory body of insurance industry, has notified insurance companies to improve their performance and take action against agents violating online sales and marketing regulations.
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Publish Date: 16/August/2020 | 15:17