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Iron Ore Pellet Production Reaches 3.6m Tons in 1 Month

EghtesadOnline: A total of 3.66 million tons of iron ore pellets were produced in Iran during the first month of the current fiscal year (March 20-April 19) to register a 4% decrease compared with last year's corresponding period.
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Publish Date: 18/May/2020 | 24:38

Virus Infections Cross 120,000 in Iran

EghtesadOnline: Iran’s tally of Covid-19 cases rose above 120,000 on Sunday, as the country continued to ease containment measures to revive its economy.
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Publish Date: 18/May/2020 | 05:29

Iran's Q1 Trade With EU Tops €1b

EghtesadOnline: Trade between Iran and EU member states during January-March 2020 stood at €1.16 billion to register a 0.22% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show.
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Publish Date: 18/May/2020 | 05:23

Iran Gov’t Reviving ‘Import Without Forex’ Policy

EghtesadOnline: Following reports that the Central Bank of Iran has allowed companies to import goods “without transferring foreign currency”, the CBI outlined conditions for doing so.
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Publish Date: 18/May/2020 | 05:19

Think Tank Scrutinizes Iran Export Policies Over Fiscal 2001-19

EghtesadOnline: Iran’s non-oil exports increased from $4.2 billion to $46.8 billion over 17 years between the fiscal 2001-02 and fiscal 2018-19, registering an average annual growth of 16.23% or a 10.6-fold increase.
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Publish Date: 17/May/2020 | 05:31

46% Rise in Iran's Aluminum Ingot Output

EghtesadOnline: Iranian aluminum producers had an aggregate output of 30,030 tons of aluminum ingots during the first month of the current Iranian year (March 20-April 19), which indicates a 46% increase compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization's latest report shows.
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Publish Date: 16/May/2020 | 05:42

INSTEX Is a Long Time Coming

EghtesadOnline: Tehran is not satisfied with the snail’s pace of transactions via the oft-publicized Iran-EU trade channel, said Gholamreza Ansari, deputy foreign minister for economic affairs.
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Publish Date: 16/May/2020 | 05:38

Overnight Covid-19 Cases Exceed 2,000

EghtesadOnline: Daily coronavirus cases reported by Iran crossed the 2,000 mark once again on Friday, the highest overnight tally since April 7, health officials announced.
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Publish Date: 16/May/2020 | 05:36

Iran Gov't Continues Recruitment Despite Labor Oversupply

EghtesadOnline: Vice President of Administrative and Recruitment Affairs Jamshid Ansari says 35,000-40,000 new recruitments will be needed in the current fiscal year (March 2020-21) to meet the needs of government organizations, companies and ministries.
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Publish Date: 16/May/2020 | 05:35

Exporters Want Changes in CBI’s Forex Repatriation Rules

EghtesadOnline: Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil exporters.
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Publish Date: 14/May/2020 | 18:00

32% Rise in Iran Virus Infections

EghtesadOnline: Daily confirmed coronavirus cases in Iran spiked by 32% on Wednesday to take the national total beyond 112,000, the Health Ministry said.
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Publish Date: 14/May/2020 | 17:54

Coronavirus Expected to Cut Exports from Iran

EghtesadOnline: Iran has to prepare for a 30% decline in its export value in the current Iranian year (March 2010-21) compared with last year, due to the impacts of the spread of coronavirus on domestic and foreign trade, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture’s board of directors said.
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Publish Date: 14/May/2020 | 17:18

Central Bank of Iran to Hold Bond Auctions

EghtesadOnline: The Central Bank of Iran said it plans to open a primary interbank market for auctioning bonds to help the government raise funds for budgetary needs.
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Publish Date: 14/May/2020 | 17:12

SSO Ordered to Cede Excess Shares in Refah Bank

EghtesadOnline: The Majlis on Tuesday obliged the Social Security Organization to sell part of its shares in its affiliated lender, Refah Bank, so that the shares don’t exceed the ceiling set by the Central Bank of Iran.
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Publish Date: 13/May/2020 | 16:21

Iran Gov’t Will Sell Stakes in Banks

EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said.
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Publish Date: 13/May/2020 | 09:25

Iran: USD at 20-Month High, Gold Up

EghtesadOnline: Price of the US dollar passed over 170,000 rials in Tehran on Tuesday, hitting a 20-month high. Emami gold coin also recorded an all-time high on Tuesday climbing to an unseen 70.087 million rials.
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Publish Date: 13/May/2020 | 09:20

Covid-19 Sinks Business Activities to Record Low

EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy nosedived to its lowest level in the first month of the current fiscal year (March 20-April 19) in another sign that the coronavirus pandemic is causing serious economic damage to the country.
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Publish Date: 12/May/2020 | 08:56

IDs for Iran's Hand-Woven Carpets

EghtesadOnline: Iran is looking to finalize a plan based on which identification documents will be issued for hand-woven Persian carpets by the end of the current Iranian year (March 20, 2021), the head of Iran National Carper Center said.
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Publish Date: 12/May/2020 | 08:01