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NICICO Sales Top $1b in 7 Months

EghtesadOnline: The National Iranian Copper Industries Company sold 117.51 trillion rials ($1 billion) worth of products during the seven months to Oct. 22 to register a staggering rise of 144% compared with last year’s corresponding period.
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Publish Date: 03/November/2019 | 10:34

Iran's Non-Oil Trade With EEU at $985m

EghtesadOnline: Iran traded $985 million worth of non-oil commodities with the five member states of Eurasian Economic Union, namely Russia, Kazakhstan, Armenia, Kyrgyzstan and Belarus, during the first five months of the current Iranian year (March 21-Aug. 22).
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Publish Date: 03/November/2019 | 10:32

Iran, Iraq Power Grids Synchronized

EghtesadOnline: Iranian and Iraqi power grids were synchronized Friday following closer collaboration between the two neighbors.
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Publish Date: 03/November/2019 | 10:30

New Housing Program Launched in Iran

EghtesadOnline: Registration for government-sponsored "National Housing Initiative", aimed at supplying a total of 400,000 affordable homes, will begin on Nov. 6 in 10 provinces across the country, Minister of Roads and Urban Development Mohammad Eslami announced.
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Publish Date: 03/November/2019 | 10:28

Tehran Air Quality Status Moderate in October

EghtesadOnline: Tehran’s residents experienced a more stable air condition during October after being exposed to hazardous emissions in early fall, mostly due to traffic congestion coinciding with the opening of schools in late September.
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Publish Date: 03/November/2019 | 10:26

Iran National Development Fund to Offer Loans to Rural Tech Firms

EghtesadOnline: In line with the state-backed policy to accelerate the growth of knowledge-based firms and startup ecosystems in Iran, cheap loans will be offered to eligible companies and emerging enterprises in less-developed villages.
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Publish Date: 02/November/2019 | 11:41

Q2 Tehran Construction Material Prices Rise 29 Percent YOY

EghtesadOnline: The general price index of construction materials for residential units in Tehran rose 29% during the second quarter of the current Iranian year that ended on Sept. 22 compared with last year's corresponding period.
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Publish Date: 02/November/2019 | 11:38

CII Forecasts Rise in Premium Income

EghtesadOnline: The head of Central Insurance company of Iran, the regulator of the insurance industry, says insurers’ earnings from selling insurance policy will reach a record of 600 trillion rials ($5.3 billion) by the end of the current calendar year in March 2020.
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Publish Date: 03/November/2019 | 10:38

Insurers Report 33% Growth in Premium

EghtesadOnline: The Central Insurance company of Iran, the body in charge of supervising the industry, has released the long-awaited annual report on the performance of the insurance sector in the fiscal year that ended in March 2019.
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Publish Date: 02/November/2019 | 11:35

Iran, Qatar Eye ICT Coop. Ahead of 2020 World Cup

EghtesadOnline: Heading a delegation of Iranian tech experts, ICT Minister Mohammad Javad Azari Jahromi traveled to Doha to participate in Qatar’s Information Technology Conference and Exhibition (aka QITCOM 2019) underway between Oct. 29 and Nov. 1.
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Publish Date: 02/November/2019 | 11:32

Iraqis, Lebanese Should Pursue Rightful Demands Within Law

EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Wednesday Iraqi and Lebanese people should pursue their rightful demands through legal means, while accusing the US and its allies of stoking unrest in the region.
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Publish Date: 02/November/2019 | 11:30

Syria's Constitutional Committee a Step Toward Political Solution

EghtesadOnline: The formation of Syria's long-awaited constitutional committee heralds the beginning of a “difficult” and “lengthy” process toward finding a political solution to the Arab country's problems, Iran's top diplomat said.
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Publish Date: 02/November/2019 | 11:28

4th Step in Reducing JCPOA Compliance Highly Likely

EghtesadOnline: Iran will most likely implement the fourth phase of its plan to reduce compliance with the 2015 nuclear deal, if European efforts to save the accord remain fruitless, a Foreign Ministry spokesman said.
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Publish Date: 02/November/2019 | 11:26

Iran's NISOC Signs Contracts to Cut Flaring

EghtesadOnline: The National Iranian South Oil Company seeks to further reduce flaring and burning of associated petroleum gases from oil and gas sites in the southern and southwestern regions it operates, including Bushehr, Khuzestan and Kohgilouyeh-Boyerahmad, the managing director said.
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Publish Date: 02/November/2019 | 11:24

Regulated Forex Market Awaiting Okay From Iran's CB

EghtesadOnline: Head of the company that oversees the long-awaited regulated foreign exchange market says the market is ready to start functioning and is awaiting a final go-ahead by the regulator.
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Publish Date: 02/November/2019 | 11:20

Iran Energy Exchange Is a Stopgap Solution

EghtesadOnline: Oil has always been a function of the international market, so setting up local energy markets cannot help the National Iranian Oil Company sell crude on a long-term basis, a veteran financial expert said.
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Publish Date: 02/November/2019 | 11:15