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Iran: New Interest Rates Unattractive

EghtesadOnline: New interest rates announced by the Money and Credit Council have failed to convince depositors to park their money in banks, secretary-general of the Iranian Private Banks' Association said.
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Publish Date: 18/July/2020 | 16:36

Virus Lockdown Resumes in Tehran

EghtesadOnline: Iran’s coronavirus taskforce is returning lockdown restrictions to the capital starting Saturday to curb the relentless spread of the infectious disease, as fresh cases and deaths continue to climb.
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Publish Date: 18/July/2020 | 16:32

Bond Auctions Resilient

EghtesadOnline: The Central Bank of Iran said the initiative to hold bond auctions has been positive so far in that it is helping the government fund its deficit spending without the need to expand the monetary base by overborrowing from the CBI.
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Publish Date: 18/July/2020 | 15:47

How much does a nose job costs in Iran?

EghtesadOnline: The average cost of rhinoplasty in Iran is 1000 to 2500$, while it's more than 4000 $ in the European and American countries.
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Publish Date: 18/July/2020 | 05:53

OIC Iran's Topmost Export Destination

EghtesadOnline: The Organization for Islamic Cooperation was the biggest destination of Iranian exports in the last fiscal year (March 2019-20) among global economic organizations.
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Publish Date: 16/July/2020 | 10:22

Major Steel Mills' Exports Halve in Q1 Fiscal 2020-21

EghtesadOnline: Iranian heavyweight steel producers exported a total of 901,126 tons of finished and semi-finished steel products, including beam, rebar, ingot, slab, hot and cold-rolled coils, and coated coils, during the first quarter of the current Iranian year (March 20-June 20) to register a 46% decline compared with last year’s corresponding period.
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Publish Date: 15/July/2020 | 11:24

Iran, Russia Keen on Bank Card Integration Scheme

EghtesadOnline: Iran and Russia are still discussing integrating interbank transaction networks, Russia's Mir and Iran's Shetab, to ease transactions between the people and businesses of the two countries, an official with Iran's Trade Promotion Organization said.
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Publish Date: 15/July/2020 | 08:31

Restrictions Return to Tehran Amid Rising Virus Infections

EghtesadOnline: Iran will reimpose some lockdown measures in its overcrowded capital Tehran to halt a new surge in Covid-19 cases, which has overwhelmed hospitals and pushed the daily death toll to a record high.
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Publish Date: 15/July/2020 | 08:16

Iran Gov’t Bond Yield Edges Up

EghtesadOnline; The government sold Murabaha bonds worth 79 trillion rials ($343 million) in the weekly bond auction Tuesday, marking the highest bond sale since the auctions commenced in May.
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Publish Date: 15/July/2020 | 08:10

Bushehr Province Exports Surpass $1 Billion in 3 Months

EghtesadOnline: More than 5.7 million tons of commodities worth over $1.18 billion were exported from Bushehr Province in southern Iran during the first three months of the current fiscal year (March 20-June 20).
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Publish Date: 14/July/2020 | 17:11

Unemployment at 9.8 Percent in Q1

EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 15 and above, stood at 9.8% in the first quarter of the current Iranian year (March 20-June 20), indicating a 1.1% decline compared with the same period of last year.
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Publish Date: 14/July/2020 | 17:09

Iran's CB Puts Exporters on Notice

EghtesadOnline: A package was announced Monday by the CBI outlining procedures for repatriating export earnings in the current fiscal year that ends in March 2021 and also earnings of the past two years.
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Publish Date: 14/July/2020 | 07:49

Iran: 203 Deaths Take Virus Toll Beyond 13,000

EghtesadOnline: Fatalities from the coronavirus pandemic crossed 13,000 on Monday, as Iran’s daily death rate increased steadily over the past three days.
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Publish Date: 14/July/2020 | 07:43

NIGC Reports Higher Capacity

EghtesadOnline: Natural gas refining capacity has surpassed 1 billion cubic meters a day, coordinating manager at the National Iranian Gas Company said Tuesday.
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Publish Date: 08/July/2020 | 10:07

ICCIMA Gets a New Task

EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture plans to set up a special committee to monitor procedures involved in repatriation of export earnings to the country that has become a hot button issue on the foreign trade landscape.
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Publish Date: 08/July/2020 | 09:38

Iran Housing PMI Growth Prolongs for Second Consecutive Month

EghtesadOnline: The Purchasing Managers' Index of the hosing sector for the third month of the current fiscal year (May 21-June 20) settled at 64.36 from 60.55 in the preceding month (April 20-May 20), showing continued recovery in this sector.
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Publish Date: 08/July/2020 | 09:28