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Iran Digital Payments Transactions Grow 26%

EghtesadOnline: An estimated 2.35 billion transactions worth 2,617 trillion rials ($23.05 billion) were processed by Iran's domestic payment network, Shaparak, during the fiscal month to August 22.
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Publish Date: 11/September/2019 | 11:53

Iraq Resists US Pressure to Reduce Iranian Gas Imports

EghtesadOnline: Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Tuesday, resisting US pressure to stop the imports from its neighbor.
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Publish Date: 11/September/2019 | 11:49

Lenders Responsible For Failure to Launch OTP

EghtesadOnline: In a directive to banks and credit institutions, the Central Bank of Iran has warned that lenders would be held responsible for any loss resulting from their negligence to activate disposable debit card passwords.
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Publish Date: 08/September/2019 | 24:27

Advanced Centrifuges Activated in 3rd Phase

EghtesadOnline: Iran has started operating advanced centrifuges to increase its stockpile of enriched uranium, a senior official announced on Saturday, reiterating that the country's decision to reduce compliance with the 2015 nuclear deal is "reversible" if other parties fulfill their promises.
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Publish Date: 08/September/2019 | 24:25

SCI Assesses Iran's Q1 Export, Import Price Changes

EghtesadOnline: The Export Price Index, an indicator measuring the overall change in prices of exported goods and services, (using the year ending March 2012 as a base year), stood at 441.4 in Iran for the first quarter of the current Iranian year (March 21-June 21) in rial terms, registering a 13.6% increase compared with the previous quarter and a 95.1% rise compared with the same quarter of last year.
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Publish Date: 08/September/2019 | 24:20

Merging Process of Military Banks Making Progress

EghtesadOnline: The plan to merge five military-affiliated banks and credit institutions has entered the next phase after majority ownership of the merging entities was transferred to state-run Bank Sepah, CEO of the bank said.
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Publish Date: 08/September/2019 | 24:19

Tehran Moving Toward Power Efficiency

EghtesadOnline: Wastage in Tehran's power grid was reduced from 3.2% to 2% last February, managing director of Tehran Regional Electric Company said.
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Publish Date: 08/September/2019 | 24:16

10% Monthly Decline in Iran's Non-Oil Foreign Trade

EghtesadOnline: Iran’s non-oil trade with other countries during the one-month period ending Aug. 22, which marks the end of the fifth Iranian month (Aug. 22), stood at $6.6 billion, indicating a decline of 10.7% compared with the same month of last year.
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Publish Date: 08/September/2019 | 24:15

Water Crisis Will Cripple Iran's Future Economic Plans

EghtesadOnline: A conference was held last week at the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in Mashhad to discuss the root causes of rising water tensions, consequences and strategies to address the thorny problem.
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Publish Date: 08/September/2019 | 24:10

IAEA Chief Due in Tehran

EghtesadOnline: The acting head of the United Nation's nuclear watchdog, the International Atomic Energy Agency, was expected to arrive in Tehran on Saturday to meet senior officials.
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Publish Date: 08/September/2019 | 24:05

Iran, Russia Tech Firms Sign €2m Deal

EghtesadOnline: An Iranian knowledge-based company has signed a €2 million deal with a Russian company, during the 15th International Aviation and Space Salon (also known as 2019 MAKS Air Show).
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Publish Date: 07/September/2019 | 24:28

Payam Airport to Conduct Passenger Flight This Week

EghtesadOnline: Payam International Airport, located in the city of Karaj, 35 km from Tehran, is scheduled to operate a passenger flight on Sept. 9, leaving Karaj for Mashhad in the northeastern Khorasan Razavi Province.
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Publish Date: 07/September/2019 | 24:26

Next Nuclear Step to Have "Extraordinary" Impacts

EghtesadOnline: Iran and Europe are unlikely to reach an agreement over Tehran's nuclear deal in the next few days so Tehran is preparing to take the next nuclear step, President Hassan Rouhani said on Wednesday, adding that the new measures will have "extraordinary" impacts.
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Publish Date: 07/September/2019 | 24:23

UK Rejects Israeli Call for Tougher Iran Stance

EghtesadOnline: Downing Street on Thursday rejected Israeli calls for Britain to take a harder line against Iran, following Tehran’s decision to announce new reductions in its commitment to the 2015 nuclear deal.
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Publish Date: 07/September/2019 | 24:20

Iran Still Open to Diplomacy Despite Scaling Back JCPOA

EghtesadOnline: Iran is ready to continue dialogue with the remaining parties to the 2015 nuclear deal, despite taking a further step in reducing its compliance to the accord on Friday.
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Publish Date: 07/September/2019 | 24:18