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Tehran Stocks Face Selloff Pressures

EghtesadOnline: After leaving behind a relatively tepid week, stocks in Tehran’s market began trading week in negative territory, amid selloff pressures over a wide range of equities.
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Publish Date:07/July/2019 | 11:11

Iran ian Nuclear Moves Do Not Fall Within IAEA Board’s Authority

EghtesadOnline: Iran said on Friday the steps being taken regarding the nuclear deal do not fall within the authority of the International Atomic Energy Agency’s Board of Governors, calling the US request for a meeting of the nuclear watchdog "sad irony".
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Publish Date:07/July/2019 | 11:07

Iran , EU Testing Payment Mechanism

EghtesadOnline: The Special Trade and Finance Institute, the Iran ian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange (INSTEX), is testing the payment channels for the import and export of goods, according to the CEO of the institute.
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Publish Date:07/July/2019 | 11:04

Tehran Taps Tech Firms for Subway Car Production

EghtesadOnline: To develop Tehran’s subway network, a multilateral contract has been signed to involve domestic knowledge-based companies in the production of rolling stock.
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Publish Date:06/July/2019 | 24:01

INSTEX Worthless Without Oil Import

EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran ’s oil minister said.
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Publish Date:06/July/2019 | 24:00

UK’s Boris Johnson Calls for Upholding JCPOA

EghtesadOnline: Boris Johnson, the leading candidate to replace British Prime Minister Theresa May, called on Iran to fully adhere to the terms of the Joint Comprehensive Plan of Action on its nuclear program, underlining the accord’s crucial role in preserving relations between Tehran and the European Union.
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Publish Date:06/July/2019 | 11:56

Erdogan Offers to Mediate Between US, Iran

EghtesadOnline: Turkish President Recep Tayyip Erdogan said he is willing to mediate between the United States and Iran to ease tensions over the international nuclear program.
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Publish Date:06/July/2019 | 11:55

Zarif: JCPOA Remains Best Possible Deal

EghtesadOnline: Despite the current controversy over Iran 's 2015 nuclear deal, it remains the best possible agreement on the issue, Foreign Minister Mohammad Javad Zarif said.
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Publish Date:06/July/2019 | 11:53

Mobile Power Plant for Sistan-Baluchestan Province

EghtesadOnline: To help prevent power disruption in Saravan city in Sistan-Baluchestan Province, a mobile power plant was synchronized with the national grid on Wednesday, the project manager said.
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Publish Date:06/July/2019 | 11:52

Newly-Founded Cooperatives Decline by 40%

EghtesadOnline: A total of 217 new cooperatives were registered in Iran during the second month of the current Iran ian year (April 21-May 21), showing a 40% decline compared with the corresponding period of last year, the latest report released by the Ministry of Cooperatives, Labor and Social Welfare's Statistics and Strategic Data Center show.
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Publish Date:06/July/2019 | 11:50

Stone Exports Top $300m

EghtesadOnline: More than 580,000 tons of processed stones worth $144 million were exported from Iran during the last Iran ian year (ended March 20, 2019) to register an increase of 14% compared with the year before.
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Publish Date:06/July/2019 | 11:48

20% Rise in Iran Olive Oil Production Expected This Year

EghtesadOnline: Olive production is estimated to reach 120,000 tons in the current fiscal year (started March 21) to register a 20% increase compared with last year's output, the executive manager of the Agriculture Ministry’s "Olive Project" said.
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Publish Date:06/July/2019 | 11:46

Open Market, Nima Forex Rates Gap Narrows

EghtesadOnline: The foreign exchange rate in Integrated Forex Deals System (Persian acronym for Nima) has been hiked in recent months to come closer to the rates quoted on the Sana website that reports the average exchange rates from the exchange bureaus, according to a report by the Department of Economic Reviews of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
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Publish Date:06/July/2019 | 11:45

British Ambassador Summoned Over Illegal Tanker Seizure

EghtesadOnline: The Foreign Ministry summoned Britain’s ambassador to Iran after British forces seized an Iran ian oil tanker in the Strait of Gibraltar, bordered by Spain and Morocco.
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Publish Date:06/July/2019 | 11:42

Iran 's Non-Oil Trade With OECD at $23b

EghtesadOnline: Iran traded 26.99 million tons of non-oil commodities worth $23.13 billion with the member states of the Organization for Economic Cooperation and Development during the last fiscal year that ended on March 20, 2019, to register a 38.01% and 29% decline in tonnage and value respectively compared with the year before.
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Publish Date:06/July/2019 | 11:40

Iraqi Trade Channel Allowed to Handle Only Humanitarian Goods

EghtesadOnline: The secretary-general of Iran -Iraq Chamber of Commerce said only the import of goods not included in the US sanctions list is possible through the trade channel designed to facilitate trade between the two neighboring countries.
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Publish Date:06/July/2019 | 11:39

Iran to Make 3 More Satellites

EghtesadOnline: Iran will develop three satellites before the end of the current fiscal year (March 19, 2020) comes to an end, Iran ian Space Agency’s chief said.
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Publish Date:06/July/2019 | 11:37

Iran 's Hyrcanian Forests Added to UNESCO World Heritage List

EghtesadOnline: The United Nations Educational, Scientific and Cultural Organization's World Heritage Committee inscribed Iran 's Hyrcanian forests on the organization's World Heritage List during its meeting in Baku on July 5.
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Publish Date:06/July/2019 | 11:36