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Iran Electricity Consumption Expected to Reach 78 Gigawatts in Five Years

EghtesadOnline: Estimates show that Iran ’s electricity consumption will be around 78,000 megawatts in the next five years, and in case the current level of electricity generation does not increase, the country will have a deficit of 18,000 MW, managing director of Iran ’s Thermal Power Plants Holding Company said.
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Publish Date:09/August/2021 | 24:50

Iran Raises Alarm at US Modernization of Nuclear Arsenal

EghtesadOnline: Iran expressed concerns about the modernization of atomic arsenal by nuclear-weapon states, especially the United States, in breach of the nuclear Non-Proliferation Treaty, urging global cooperation toward disarmament.
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Publish Date:09/August/2021 | 24:49

Daily Covid Deaths Climb Above 500

EghtesadOnline: Iran ’s daily death toll caused by Covid-19 surpassed 500 for the first time since the start of the outbreak as the highly transmissible Delta variant ravages the country.
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Publish Date:09/August/2021 | 24:43

IRISL Four-Month Revenues Up 66% YOY to $360 Million

EghtesadOnline: The Islamic Republic of Iran Shipping Lines earned about $360 million during the first four months of the current year (March 21-July 22) to register a 66% rise in revenues compared with the corresponding period of last year.
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Publish Date:08/August/2021 | 17:58

Taliban Offensive Closes Iran 's Main Trade Gateway With Afghanistan

EghtesadOnline: Due to political turmoil in Afghanistan and the Taliban’s advance to Nimruz Province neighboring Iran ’s Sistan-Baluchestan Province’s Hirmand County, Milak border crossing in this county (known as Zaranj on the Afghan side) has been temporarily closed down.
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Publish Date:08/August/2021 | 17:50

30% of Industrial Towns Inactive

EghtesadOnline: Iran has 1,011 industrial towns, of which 728 are active and about 30% are inactive.
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Publish Date:07/August/2021 | 13:49

Iran 's Trade With Neighbors Hit $10.5b

EghtesadOnline: Iran ’s trade with its 15 neighboring countries stood at $10.5 billion in the first quarter of the current fiscal year (March 21-June 21), data released by the Islamic Republic of Iran ’s Customs Administration show.
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Publish Date:07/August/2021 | 13:47

Sight Deposits Attractive Still

EghtesadOnline: Central Bank of Iran data shows despite decline in growth of sight deposits, depositors are keen about keeping their money in banks so long as term interest rates on deposits and sight deposits are attractive.
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Publish Date:07/August/2021 | 13:46

Iran 's CB: Bahrain Court Ruling Is a Political Statement

EghtesadOnline: The Central Bank of Iran in a statement strongly condemned a Bahraini court’s ruling against Iran ian banks, asking the kingdom’s judicial authorities to stop legal action in the case.
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Publish Date:03/August/2021 | 13:26

Central Bank of Iran ’s Monthly Survey of Tehran’s Housing Market

EghtesadOnline: A total of 5,071 homes were sold in Tehran during the fourth month of the current fiscal year (June 22-July 22), registering a decrease of 0.6% and 63.9% compared with the preceding month and the same month of last year.
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Publish Date:02/August/2021 | 14:07

Banks Will Raise Credit Card Ceiling

EghtesadOnline: The Central Bank of Iran on Sunday increased the credit card limit by four times allowing banks to offer up to 2 billion rials ($8,000) in credit.
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Publish Date:02/August/2021 | 14:03

Leader Grants Clemency to Over 2,800 Inmates

EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei approved a proposal by Iran ’s top judge to pardon or commute the prison terms of 2,825 convicts found guilty by various Iran ian courts.
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Publish Date:01/August/2021 | 24:30

Comprehensive Iran -Syria Deal to Take Effect Soon

EghtesadOnline: Iran ian Parliament Speaker Mohammad Baqer Qalibaf underlined plans for the implementation of a wide-ranging agreement with Syria within the next three months.
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Publish Date:01/August/2021 | 24:28

NIDC Conducts 28 Drilling, Repair Operations Nationwide

EghtesadOnline: The National Iran ian Drilling Company, a subsidiary of National Iran ian Oil Company, has drilled 28 offshore and onshore oil and gas wells (22,000 meters) nationwide since the beginning of the current fiscal year (March 2021-22), a deputy manager at the company said.
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Publish Date:01/August/2021 | 24:27

Q1 Labor Force Participation Rate at 41.4%: SCI

EghtesadOnline: The Statistical Center of Iran has put the Q1 (March 21-June 21) labor force participation rate — the proportion of the population of ages 15 and above that is economically active either employed or looking for a job — at 41.4% or 25.96 million people, registering a 0.4% increase year-on-year.
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Publish Date:01/August/2021 | 24:23

Qasr-e Shirin Agro Exports Earn $55m in Q1

EghtesadOnline: Iran ’s agricultural exports to Iran and the Iraqi Kurdistan Region through Qasr-e Shirin County located in the western Kermanshah Province stood at 211,613 tons worth 13,950 billion rials ($55.8 million) in the first quarter of the current fiscal year (March 21-June 21), registering a 1.4% decline in terms of weight and an 87% growth in terms of value.
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Publish Date:01/August/2021 | 24:21

Industrial Investment Landscape Swayed by Permits

EghtesadOnline: A total of 1.31 quadrillion rials ($5.03 billion) worth of investment were made in industrial units for which establishment permits were issued, while projects with operating licenses are estimated to have attracted close to 112.84 trillion rials ($431.51 million) in the first two months of the current Iran ian year (March 21-April 21).
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Publish Date:01/August/2021 | 24:20

Upswing in Iran Auto Output

EghtesadOnline: Iran ’s automotive output increased by 9.75% during the first four months of the current Iran ian year (March 21-July 22) compared with the year-ago period.
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Publish Date:01/August/2021 | 24:18