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SCI Reviews Food Price Changes in Iran

EghtesadOnline: The Statistical Center of Iran has released a report reviewing price changes experienced by food products during the 10th month of the current Iranian year (Dec. 22, 2019-Jan. 20).
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Publish Date: 02/February/2020 | 24:32

Tehran’s Construction Material Inflation at 42% in Q3

EghtesadOnline: The general price index of construction materials for residential units in Tehran stood at 422 in the third quarter of the current Iranian year (Sept. 23-Dec. 21), according to the Statistical Center of Iran's latest report published on its website.
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Publish Date: 02/February/2020 | 24:31

Iran: No More Subsidized Foreign Currency for Sugar Imports

EghtesadOnline: The government will no longer allocate subsidized foreign currency for sugar import, as per the letter forwarded to the Central Bank of Iran by the Ministry of Industries, Mining and Trade.
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Publish Date: 02/February/2020 | 24:29

INSTEX: An Instrument Only on Paper

EghtesadOnline: Exactly one year ago the foreign ministers of France, Germany and the UK created the so-called Instrument for Supporting Trade Exchanges (INSTEX) to facilitate legitimate trade with Iran without violating the US economic sanctions. Since then absolutely nothing has happened.
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Publish Date: 02/February/2020 | 24:23

South Pars Output to Surpass 670 mcm/d by March

EghtesadOnline: The last offshore deck of Phase 14 (14D) was installed on Saturday to boost output from the South Pars Gas Field, the development manager said.
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Publish Date: 02/February/2020 | 24:20

Iran Registers 54% Growth in Private Port Investments

EghtesadOnline: The private sector has signed investment contracts worth 54,982 billion rials ($407 million) with Ports and Maritime Organization of Iran for the development of Iranian ports during the 10 months to Jan. 20, according to a PMO official.
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Publish Date: 02/February/2020 | 24:18

Iran's Tax Administration Brings Big-Timers Under Scrutiny

EghtesadOnline: The government wants to bring under closer scrutiny transactions above 50 billion rials ($375,000) conducted inside the country, head of Iranian National Tax Administration said.
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Publish Date: 02/February/2020 | 24:14

Water Quality Improves Further in South Tehran

EghtesadOnline: The second phase of Tehran's seventh water treatment plant (Mamlou Treatment Plant) became operational, managing director of Tehran Province Water and Wastewater Company said. It will help improve the quality of potable water in the south parts of the sprawling capital.
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Publish Date: 01/February/2020 | 24:36

Tehran Stocks Gain 140% Since March 2019

EghtesadOnline: Tehran Stock Exchange benchmark, TEDPIX, rose from 178,659 points at the beginning of the Iranian fiscal year (ends in March) to reach 427,139 as of January 28, indicating 248,480 points or 139.08% growth during the period.
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Publish Date: 01/February/2020 | 24:31

Iran's Agrifood Exports Top $4b in 9 Months

EghtesadOnline: A total of 5 million tons of agricultural and food products worth close to $4.1 billion were exported from Iran during the first nine months of the current Iranian year (March 21-Dec. 21).
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Publish Date: 01/February/2020 | 24:27

Sweden Approves Resumption of Iran Air Flights

EghtesadOnline: Iran’s flag carrier has been given the green light by Swedish Transport Agency to resume operating flights to two Swedish cities, namely Stockholm and Gothenburg, after a three-week haul.
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Publish Date: 01/February/2020 | 24:25

Iran Steel Production Rises 5.9% to Exceed 34 Million Tons

EghtesadOnline: Iranian steelmakers produced 34.8 million tons of semis and finished steel products during the first nine months of the current Iranian year (March 21-Dec. 21) to register a 5.98% year-on-year increase.
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Publish Date: 01/February/2020 | 24:22

Iran's CB Chief: Swiss Payment Mechanism Inadequate

EghtesadOnline: The governor of the Central Bank of Iran said Switzerland's payment mechanism unveiled this week for delivering humanitarian supplies to Iran is not enough, as it does not cover bank transactions.
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Publish Date: 01/February/2020 | 24:16

Tehran Solar Power in Expansion Mode

EghtesadOnline: Two solar power plants in Rey and Damavand counties of Tehran Province were inaugurated Tuesday.
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Publish Date: 01/February/2020 | 24:09

EASA Withdraws Overflight Warnings for Iran

EghtesadOnline: European airlines can return to parts of Iranian and Iraqi airspace, the EU Aviation Safety Agency (EASA) said on Wednesday, three weeks after Iran accidentally shot down a Ukrainian passenger jet amid an exchange of hostilities with US forces in Iraq.
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Publish Date: 01/February/2020 | 24:01

Tehran Home Deals Up 12.1% While Prices Increase 2.1%

EghtesadOnline: A total of 10,687 homes were sold in Tehran during the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) to register a 12.1% rise compared to the month before.
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Publish Date: 01/February/2020 | 11:58

‘Deal of the Century’ Exposes US Unreliability

EghtesadOnline: The Iranian top diplomat said the American plan for Israeli-Palestinian peace is a wakeup call for Muslims that the United States is not to be trusted as a mediator.
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Publish Date: 01/February/2020 | 11:55