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Bitumen Exports Earn $450m Since March 2019

EghtesadOnline: A total of $450 million worth of bitumen have been exported from Iran since the beginning of the current fiscal year (March 21, 2019), according to Managing Director of Iran International Exhibitions Company Bahman Hosseinzadeh.
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Publish Date: 26/January/2020 | 11:30

Legacy of Dutch Disease in Iran's Economy

EghtesadOnline: It was a strongly-held belief that the abundance of natural resources (such as fossil fuels and certain minerals) in a country engenders economic growth.
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Publish Date: 26/January/2020 | 11:26

Iran Slips in Corruption Perception Index

EghtesadOnline: Iran’s Corruption Perceptions Index dropped by two points in 2019 to score 26 out of 100, according to a report by the global graft monitor Transparency International.
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Publish Date: 26/January/2020 | 11:23

Privatized Banks Top IMI’s Ranking List

EghtesadOnline: The Industrial Management Institute has placed three privatized lenders atop its list of the largest domestic banks in fiscal year 2019-2020.
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Publish Date: 26/January/2020 | 05:10

Europe Cautioned Against Any Wrong Nuclear Move

EghtesadOnline: President Hassan Rouhani warned European signatories to the 2015 nuclear deal against adopting a wrong approach toward the nuclear issue like the United States’ withdrawal from the agreement in 2018.
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Publish Date: 26/January/2020 | 05:06

Iranian Refineries Prepare for Supplying IMO-Compliant Shipping Fuel

EghtesadOnline: To help improve the quality of low-sulphur fuels and its compliance with the International Maritime Organization’s new rules (sulphur content no more than 0.5%) took effect on Jan 1, a refinery will start work in Bushehr Province in the near future, managing director of Kharazmi Technology Development Company said.
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Publish Date: 26/January/2020 | 05:04

Talks Still Possible If US Changes Sanctions Policy

EghtesadOnline: Iran is still ready to engage in negotiations with the United States despite the recent escalation, if Washington changes its approach and lifts the sanctions, the Iranian top diplomat said.
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Publish Date: 26/January/2020 | 11:20

Tehran Open to Dialogue With Neighbors

EghtesadOnline: Foreign Minister Mohammad Javad Zarif reaffirmed Iran’s readiness for talks with neighbors amid tensions in the Persian Gulf region.
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Publish Date: 25/January/2020 | 13:22

Hamedan Expanding Green Energy Footprint

EghtesadOnline: A new photovoltaic power station in Hamedan Province was synchronized with the national power grid on Thursday.
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Publish Date: 25/January/2020 | 13:19

Europe Gives More Time to Nuclear Diplomacy

EghtresadOnline: European powers will not move to reimpose international sanctions on Iran, which will in effect kill the 2015 nuclear deal, as long as Tehran restrains expansion of its nuclear work, European diplomats said.
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Publish Date: 25/January/2020 | 24:59

Tehran Stocks Rebound After Brief Correction

EghtesadOnline: Tehran stocks rebounded at the end of trading week on Wednesday after two sessions of price corrections sparked by bleak quarterly reports.
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Publish Date: 25/January/2020 | 24:55

KLM Resumes Flights Over Iranian Airspace

EghtesadOnline: Dutch carrier KLM announced Thursday it will resume flights over Iran, about two weeks after it and several other airlines barred flights in the airspace after Tehran accidentally shot down a Ukrainian jetliner.
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Publish Date: 25/January/2020 | 24:46

SCI Surveys Iran's Services Sector in Q3

EghtesadOnline: The Statistical Center of Iran has reviewed producer price changes for the services sector in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) in its latest report.
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Publish Date: 25/January/2020 | 24:40

Lack of Energy-Efficient Buildings

EghtesadOnline: Homes and non-residential buildings have a very big and seemingly prohibitive cost when it comes to energy waste (almost 50%) in Iran.
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Publish Date: 25/January/2020 | 24:38

Harnessing APG Helps Kish Power Plants Cut Diesel Use

EghtesadOnline: With the aim of developing power generation, approximately 2.3 billion cubic meters of associate petroleum gas has been harnessed from Sirri Island oilfields in the Persian Gulf for power plants in the southern regions.
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Publish Date: 25/January/2020 | 24:34

Officials Dismiss Rumors of High Levels of Toxins in Dairy Products

EghtesadOnline: Recent allegations spread by the Islamic Republic of Iran Broadcasting that milk in Iran is contaminated with excessive levels of aflatoxin has hurt the domestic dairy industry and further reduced per capita consumption of milk, Mohammad Reza Shanehsaz, the head of Iran Food and Drug Administration, said.
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Publish Date: 25/January/2020 | 24:32

Iran : Export Tariffs on Unprocessed Minerals Decreased by 5-15%

EghtesadOnline: Minister of Industries, Mining and Trade Reza Rahmani has sent a letter to the head of Islamic Republic of Iran Customs Administration, Mehdi Mir-Ashrafi, to implement revised-down tariffs on export of unprocessed minerals.
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Publish Date: 25/January/2020 | 24:25

Banks Deposits in Iran Rise to $182b

EghtesadOnline: Banks customers had 23,725.6 trillion rials ($182.5 billion) in deposits with banks and credit institutions by the end of the seventh month of the current fiscal year (October 22), according to the Central Bank of Iran.
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Publish Date: 25/January/2020 | 24:23