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Iran Gov’t Unveils Draft of Fiscal 2020-21 Budget Overhaul

EghtesadOnline: The government unveiled the draft plan for the overhaul of the current fiscal year’s budget law (March 2020-21) on Saturday, which “entails a major surgery of the economic and administrative systems and requires consensus”, Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, said on Wednesday.
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Publish Date: 07/June/2020 | 07:01

Rising Liquidity Stress Tied to Borrowing From NDFI, Sanctions

EghtesadOnline: In a press release outlining reasons behind the monumental growth in liquidity in recent months, the Central Bank of Iran blamed borrowing from the National Development Fund of Iran and the new US sanctions on oil exports.
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Publish Date: 07/June/2020 | 06:57

Iran Gov’t Earns $300m in First Bond Auction

EghtesadOnline: In the first Central Bank of Iran auction of Islamic bonds on Tuesday, the government generated 51 trillion rials ($300 million).
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Publish Date: 06/June/2020 | 24:50

Iran, Iraq Power Export Contract Renewed for Two Years

EghtesadOnline: Importing electricity from Iran is of vital importance for Iraq (both politically and economically), the Iraqi Minister of Electricity Majid Mahdi Hantoush said at the weekend.
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Publish Date: 06/June/2020 | 10:29

Turkey Reopens Border Gates With Iran

EghtesadOnline: Trucks started arriving at border gates after Turkish Trade Minister Ruhsar Pekcan on Thursday announced that Turkey has reopened the Gurbulak border gate with Iran (known as Bazargan on the Iranian side of the border) and the Habur border gate with Iraq for international freight transport.
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Publish Date: 06/June/2020 | 06:33

Transactions With Eurasian Economic Union at $2.1b Since PTA Came Into Effect

EghtesadOnline: Iran and the Eurasian Economic Union have traded $2.11 billion worth of goods since Oct. 27, 2019, when the preferential trade agreement between the two sides came into effect, according to the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date: 06/June/2020 | 06:13

Changes in Iran's CB Forex Market Policy

EghtesadOnline: Governor of the Central Bank of Iran says the bank has put an end to the unreasonable practice of injecting foreign currency into the market to control forex rates.
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Publish Date: 06/June/2020 | 05:11

Spike in Daily Virus Infections in Iran

EghtesadOnline: The number of overnight confirmed coronavirus cases in Iran soared by nearly 3,000 on Monday, the highest single-day rise in two months.
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Publish Date: 02/June/2020 | 08:07

Iran's Non-Oil Exports to Iraq via Khorramshahr Port Reach $30m

EghtesadOnline: Some $30 million worth of non-oil goods have been exported to Iraq via Iran's Khorramshahr Port since the beginning of the current Iranian year (March 20), an official with Arvand Free Trade Zone said.
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Publish Date: 02/June/2020 | 08:05

Iran's Foreign Non-Oil Trade at $9.3 Billion in 2 Months

EghtesadOnline: Iran’s foreign non-oil trade stood at $9.34 billion in two months ending May 20, of which exports accounted for $4.3 billion and imports $5.04 billion, the spokesperson of the Islamic Republic of Iran Customs Administration said.
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Publish Date: 02/June/2020 | 07:53

Georgia Closes Borders With Iran for Unknown Reasons

EghtesadOnline: After a short uplift following the reopening of border crossings, transit between Iran and Georgia has been suspended again, this time for unknown reasons.
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Publish Date: 01/June/2020 | 24:47

Iran Petrochem Revenue $14.5 Billion

EghtesadOnline: The 55 petrochemical companies in Iran produced 31 million tons of products in the last fiscal (ended in March) and exports generated $9.5 billion, managing director of National Petrochemical Company said.
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Publish Date: 01/June/2020 | 24:46

BMI Told to Open Accounts for Foreign Investors

EghtesadOnline: The Central Bank of Iran on Sunday tasked the state-owned Bank Melli Iran to open accounts for foreign investors seeking residence permit.
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Publish Date: 01/June/2020 | 11:37

Iran Covid-19 Cases Top 150,000

EghtesadOnline: Iran’s confirmed coronavirus cases crossed 150,000 on Sunday, as the country rolled back on confinement measures despite a sharp rise in daily infections.
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Publish Date: 01/June/2020 | 06:42

Iran's CB Monetary Policy Is Evolving

EghtesadOnline: The Central Bank of Iran said it will implement more aspects of open market operation that involves regulating the borrowing of lenders from the CBI by obliging them to put up enough collateral when seeking funds.
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Publish Date: 01/June/2020 | 06:18

Iran's Auto Output Down 14.6%

EghtesadOnline: Iran’s automotive output declined by 14.6% during the month ending May 20 compared to a year earlier.
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Publish Date: 31/May/2020 | 05:53