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China's Crude Imports From Iran Up 5%

EghtesadOnline: China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 bpd, data made available Tuesday by China's General Administration of Customs showed.
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Publish Date:28/August/2019 | 10:48

Iran Gov’t May Use ETFs in Divestment

EghtesadOnline: After several failed attempts to divest its remaining stake in state-affiliated companies to the private sector, the government is rewriting the rules and devising new methods to facilitate the divestiture process.
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Publish Date:28/August/2019 | 10:45

Iran Iron Ore Exports Roil Steel Production

EghtesadOnline: Esfahan Steel Company is currently operating at around half its nominal production capacity and needs about 6.5 million tons of iron ore lumps and metallic materials to operate at full capacity, the company’s deputy head said.
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Publish Date:28/August/2019 | 10:43

SCI Scrutinizes Inflation Rates of Iran ian Provinces

EghtesadOnline: Ilam Province’s goods and services Consumer Price Index registered an increase of 54.8% during the fifth month of the current Iran ian year (July 23-Aug. 22) compared with the similar month of last year, the highest among all provinces.
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Publish Date:28/August/2019 | 10:42

Iran Beefs Up Cybersecurity

EghtesadOnline: Iran ’s capability in detecting and thwarting cyber threats has tripled following the establishment of cybersecurity project codenamed Digital Fortress (Dejfa in Persian), a deputy ICT minister said.
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Publish Date:28/August/2019 | 10:41

No Breakthrough in Iran -US Ties Unless Sanctions Lifted

EghtesadOnline: President Hassan Rouhani said on Tuesday that relations between Iran and the United States will only see a positive development when Americans end all their sanctions on Tehran.
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Publish Date:28/August/2019 | 10:37

New Renewable Power Plants to Add 160MW to Iran National Grid

EghtesadOnline: Fourteen renewable power stations with the capacity to generate 160 megawatts are ready to be connected to the national grid in seven provinces, head of the Renewable Energy and Energy Efficiency Organization (Satba), affiliated to the Energy Ministry said Tuesday.
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Publish Date:28/August/2019 | 10:35

Tehran Housing Sales Slump to 6-Year Low

EghtesadOnline: The number of housing sales in the capital city, Tehran, during the month ending Aug. 22 slumped 74.3% compared with the same period of last year to a six-year low of 3,368, the news outlet of the Ministry of Roads and Urban Development reported.
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Publish Date:28/August/2019 | 10:34

Japan Offers to Help Ease Persian Gulf Tensions

EghtesadOnline: Senior Iran ian and Japanese officials met in Yokohama, south of Tokyo, on Tuesday to discuss Middle East security and latest developments in diplomatic efforts to save the 2015 nuclear deal following the US exit.
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Publish Date:28/August/2019 | 10:29

Ardakan Farmers’ Water Consumption Unsustainable

EghtesadOnline: An estimated 95 million cubic meters of water is used annually in Ardakan County, Yazd Province, of which 80% is consumed by farmers, 12% by households and 8% by industries, managing director of Yazd Regional Water Company said.
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Publish Date:27/August/2019 | 10:25

Deputy Minister Appointed Iran Khodro Chief

EghtesadOnline: Iran Khodro’s (IKCO) Board of Directors appointed Deputy Industries Minister Farshad Moqimi, 43, as the automaker’s new CEO.
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Publish Date:27/August/2019 | 10:21

Think Tank Explores Poverty Trap in Iran

EghtesadOnline: In its latest report, Majlis Research Center, the influential research arm of the Iran ian Parliament, has singled out a set of potential deterrents to poverty reduction in Iran ’s economy.
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Publish Date:27/August/2019 | 10:19

Banks in Iran Record Double Digit Growth in Deposits

EghtesadOnline: Total deposits with Iran ian banks and credit institutions stood at 21,311.2 trillion rials ($190.27 billion) at the end of the second calendar month to May 21, according to a report by the Central Bank of Iran .
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Publish Date:27/August/2019 | 10:17

Iran Retains Second Global DRI Production Ranking

EghtesadOnline: Iran produced 16.65 million tons of direct-reduced iron during the seven months of 2019 (January to July) to register a 16.3% growth compared to the corresponding period of 2018, the latest report released by the World Steel Association shows.
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Publish Date:27/August/2019 | 10:16

Talks Underway to Launch Tehran-Istanbul Train Services

EghtesadOnline: Negotiations are underway between the Islamic Republic of Iran Railways and the State Railways of the Republic of Turkey (TCDD) for launching passenger trains between Tehran and Istanbul, the head of IRIR said on Monday.
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Publish Date:27/August/2019 | 10:15

Fate of Iran ian Ride-Hailing Firms Hang in Balance

EghtesadOnline: Tehran Municipality took Iran E-Commerce Union to court on Monday over “illegally” issuing permits to local ride-hailing companies Snapp and Tap30.
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Publish Date:27/August/2019 | 10:13