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Shaparak Payments Down 2.2%

EghtesadOnline: Iran’s payment settlement network, Shaparak, processed 2.2 billion transactions during the month to January 20, down 2.24% in volume compared to the earlier month.
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Publish Date: 04/February/2020 | 13:23

Tehran Stocks Close at Record Highs

EghtesadOnline: Tehran stocks climbed 2.5% on Monday to stage one of its biggest rallies. The main gauge of Tehran Stock Exchange gained more than 10,600 points and hit the historic level of 438,881 points.
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Publish Date: 04/February/2020 | 13:17

Iran Firms Complete Overseas Power Projects Worth $4.6b

EghtesadOnline: Iranian companies involved in the water and power industries undertook 100 foreign projects in the last decade, overseas project manager in Iran's Water Resources Management Company (a subsidiary of the Energy Ministry) said.
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Publish Date: 04/February/2020 | 13:13

IRENEX Offers Salaf Contracts to Finance Oil Project

EghtesadOnline: Standard parallel salaf contracts worth 2.5 trillion rials ($20 million) will be offered on the Iran Energy Exchange on Tuesday to finance Azar Oilfield projects.
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Publish Date: 04/February/2020 | 13:10

Aircraft Insurance Shows Lowest Loss Ratio

EghtesadOnline: Despite risks associated with the country's air fleet, aircraft insurance coverage registered the lowest (18%) loss ratio in the industry' portfolio, allowing insurers to profit larger amounts from the premiums.
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Publish Date: 04/February/2020 | 13:07

Borrell on De-Escalation Mission

EghtesadOnline: European Union foreign policy chief, Josep Borrell, arrived in Tehran on Monday to meet top Iranian officials and discuss a wide range of issues, including the status of the 2015 nuclear deal as well as recent developments in the region and bilateral relations.
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Publish Date: 04/February/2020 | 13:05

Tehran Mayor Submits Next Budget

EghtesadOnline: Tehran Mayor Pirouz Hanachi submitted the budget for the next fiscal year (March 2020-21) to the capital city’s Islamic City Council on Sunday.
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Publish Date: 04/February/2020 | 13:03

Growth in Iranian Port Operations

EghtesadOnline: Iran’s 21 commercial ports loaded and unloaded 116.65 million tons of commodities in the first 10 months of the current Iranian year (March 21-Jan. 20) to register a 2.02% rise compared with the corresponding period of last year.
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Publish Date: 04/February/2020 | 13:00

Tehran Gloomy, Polluted in January

EghtesadOnline: The increasing number of dilapidated vehicles plying the streets, ineffective remedial schemes, inefficient urban management and climate change effects have made living and breathing in an expanding and highly polluted metropolis like Tehran very difficult.
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Publish Date: 04/February/2020 | 24:58

Iran: Declining Long-Term Deposits Sounds Inflation Alarm

EghtesadOnline: A report on the value of deposits with 11 selective banks shows long-term deposits are increasingly turning into sight deposits, rising concerns about inflation in prices as depositors may funnels their money into various markets.
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Publish Date: 03/February/2020 | 13:11

Tehran Stocks Rise 0.4%

EghtesadOnline: The main index of Tehran Stock Exchange, TEDPIX, rose 2,032.07 points, or 0.48%, on Sunday to end trading at 428,217.0.
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Publish Date: 03/February/2020 | 13:05

Drastic Decline in Handmade Carpet Exports

EghtesadOnline: Iran exported $40 million worth of hand-woven carpets in the first eight months of the current Iranian year (March 21-Nov. 21, 2019).
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Publish Date: 03/February/2020 | 13:01

SCI Surveys Latest Consumer Price Changes in Provinces in Iran

EghtesadOnline: The growth in overall Consumer Price Index in the 10th month of the current Iranian year (Dec. 22, 2019-Jan. 20) was the highest (1.5%) in Hormozgan Province when compared with the month before.
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Publish Date: 03/February/2020 | 24:54

Indian Budget Allocates Close to $14 Million to Chabahar Port Project

EghtesadOnline: In India, Rs17,300 crore ($2.41 billion) have been allocated for the Ministry of External Affairs in the budget, with Rs100 crore ($13.98 million) earmarked for the strategic Chabahar Port project in southeastern Iran, which gives India connectivity to Afghanistan bypassing Pakistan.
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Publish Date: 03/February/2020 | 24:48

Cloud Seeding Planned in 7 Provinces in Iran

EghtesadOnline: After a two-year delay, cloud seeding has been restored and new projects are planned in seven provinces, head of the National Cloud Seeding Research Center of Iran said.
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Publish Date: 03/February/2020 | 24:42

Iran Steel Exports Rise 40% to 7.8m Tons

EghtesadOnline: A total of 7.8 million tons of finished and semi-finished steel products were exported from Iran during the first nine months of the current Iranian year (March 21-Dec. 21) to register a 40% year-on-year increase, according to the Iranian Steel Producers Association's latest report.
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Publish Date: 03/February/2020 | 24:40