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Iran's Housing PMI Drops in Fourth Fiscal Month

EghtesadOnline: The Purchasing Managers' Index for Iran's housing sector in the fourth month of the current fiscal year (June 21-July 21) settled at 52.78 from 64.36 in the preceding month (May 21-June 20).
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Publish Date: 10/August/2020 | 10:02

UNSC Set to Reject US Bid to Extend Iran Arms Ban

EghtesadOnline: The United Nations Security Council is expected to roundly reject the US resolution to extend Iran’s arms embargo, according to UN diplomats.
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Publish Date: 09/August/2020 | 11:19

Petrochem Industry Targets 133 Million Tons Output p.a.

EghtesadOnline: With the launch of 13 petrochemical projects by March, Iran’s petrochemical production capacity will reach 90 million tons per year from the current 70 million tons.
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Publish Date: 09/August/2020 | 11:16

New Chiefs for CAO, IranAir

EghtesadOnline: Touraj Dehqani Zanganeh will replace Ali Abedzadeh as the new head of the Civil Aviation Organization of Iran.
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Publish Date: 09/August/2020 | 11:08

Iran’s PMI Contracts 6.4%

EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the Iranian economy settled at 45.47 in the month ending July 21 from 48.41 in the month ending June 20, indicating a 2.93-point or 6.42% contraction.
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Publish Date: 09/August/2020 | 10:52

Home Vacancy Tax Revisions Approved

EghtesadOnline: Iranian parliamentarians approved revisions to Article 54 of Direct Tax Code on Wednesday, which would make several changes to vacancy tax with the aim of returning empty properties to use as rental homes for people.
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Publish Date: 09/August/2020 | 10:40

Gas Production to Reach 330 bcm

EghtesadOnline: National Iranian Gas Company’s annual gas output will increase by at least 22% by 2021, head of the state-run NIGC said.
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Publish Date: 06/August/2020 | 18:39

Truckers Delayed at Afghan Border

EghtesadOnline: Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration said some Afghan transportation companies and truckers have closed the return route of Iranian trucks at the Milak border crossing to challenge a decision by Sistan-Baluchestan Provincial Security Council.
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Publish Date: 06/August/2020 | 18:34

Iran Auto Industry Future Uncertain

EghtesadOnline: Iran’s auto industry was in a hopeless and failing platform even before Donald Trump imposed tough new economic sanctions in 2018 after getting out of Iran’s historic nuclear agreement.
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Publish Date: 06/August/2020 | 18:15

‘No Return to Normality’ in Short Run as Covid-19 Rages On

EghtesadOnline: Return to normality and the “defeat” of the coronavirus pandemic is not feasible during the next months, an Iranian health official said, pointing out that the only solution in the short term is to slow the viral infection.
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Publish Date: 06/August/2020 | 18:12

Shipping Traffic Declines

EghtesadOnline: Iran’s 21 major ports handled 38.41 million tons of goods in the first four months of the current fiscal year (March 20-July 21) -- down 28.06% compared to same period last year.
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Publish Date: 06/August/2020 | 18:02

Iran Sympathizes With Lebanon, Offers Help

EghtesadOnline: Iranian officials extended their sympathy to the people of Lebanon over the death and injury of thousands in a massive warehouse explosion in Beirut on Tuesday and expressed Iran’s readiness to provide assistance.
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Publish Date: 06/August/2020 | 17:55

SCI on Q1 Youth Unemployment

EghtesadOnline: The Statistical Center of Iran provides two figures for the youth unemployment rate: the proportion of the population between 15 and 24 years and those between 18 and 35 years.
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Publish Date: 05/August/2020 | 14:54

Overseas Flower, Plant Sales Earn $5.3 Million in Q1

EghtesadOnline: Atotal of 2,356 tons of flowers and ornamental plants worth $5.33 million were exported from Iran to 23 countries during the first three months of the current Iranian year (March 20-June 20), according to the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date: 05/August/2020 | 14:51

Pistachio Exports Top 35K Tons in 4 Months

EghtesadOnline: Iran exported 35,740 tons of pistachio during the first four months of the current Iranian year (March 20-July 21), the head of Iran Pistachio Association said.
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Publish Date: 05/August/2020 | 14:49

Exporters Flouting Rules Warned Again

EghtesadOnline: The Central Bank of Iran says it will send to the judicial authority a bigger list of exporters that have failed to repatriate their currency earrings.
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Publish Date: 05/August/2020 | 09:12

Iranian Petrcohems Increasing Market Share With Three New Projects

EghtesadOnline: To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National Petrochemical Company said.
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Publish Date: 05/August/2020 | 09:08

Gas Projects Cost $17b in 7 Years

EghtesadOnline: The National Iranian Gas Company says it has invested $17 billion in natural gas infrastructure over the past seven years.
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Publish Date: 04/August/2020 | 24:24