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Iran Steel Output Forecast for Fiscal 2019-20: 28m Tons

EghtesadOnline: Iran’s crude steel output is expected to hit 28 million tons by the end of the current Iranian year (March 19, 2020), 13.2 million tons of which have been realized so far, says Deputy Industries Minister Jafar Sarqeini.
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Publish Date: 02/November/2019 | 11:12

Gov’t Enhances Transparency of Financial Systems

EghtesadOnline: Following efforts to improve the financial transparency and discipline administrative bodies, the Central Bank of Iran has connected its Centralized Database for Loans and Commitments, known by its Persian acronym Samat, with another government-run system, dubbed the Comprehensive System for Management of Government Guarantees.
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Publish Date: 02/November/2019 | 11:10

Iran's Power Industry Leading in Middle East

EghtesadOnline: Iranian companies’ capabilities in manufacturing parts and equipment for the thermal power industry have encouraged many countries to want to benefit from Iran’s experience, Deputy Energy Minister Homayoun Haeri said on the sidelines of the 19th Iran International Electricity Exhibition in Tehran on Thursday.
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Publish Date: 02/November/2019 | 11:08

Chabahar Port Operations Rise 50%

EghtesadOnline: Chabahar Port handled a total of $800 million worth of commodities in the last fiscal year (March 2018-19) to register a 50% growth compared with the year before, according to the director of Commerce Department of Chabahar Free Zone Organization.
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Publish Date: 02/November/2019 | 11:05

Iran Urges SCO States to Promote Multilateralism

EghtesadOnline: Iran on Friday called on countries in the region, including the member states of Shanghai Cooperation Organization, to step up their efforts for promoting multilateralism and empowering regional organizations.
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Publish Date: 02/November/2019 | 11:04

Active Debit Cards Hit 100m

EghtesadOnline: The total number of bank debit cards, used for at least one transaction, in the sixth month (ended September 21) of the Iranian fiscal year reached 101 million, way higher than the 91 million cards during the same period last year.
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Publish Date: 30/October/2019 | 11:48

Azarbaijan Province Poor in Renewables

EghtesadOnline: Total power production in the two East and West Azarbaijan provinces is 3,150 megawatts, of which barely 20 MW comes from renewables, operator of green energy power generation and distribution projects in the provincial electricity company said.
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Publish Date: 30/October/2019 | 11:45

INTA: Billionaires Don’t Pay Tax

EghtesadOnline: The head of Iranian National Tax Administration says the affluent in Iran do not have tax return files or largely evade fulfilling their tax obligations.
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Publish Date: 30/October/2019 | 11:42

10% Rise in Unrefined Vegetable Oil Imports

EghtesadOnline: A total of 800,000 tons of unrefined vegetable oil were imported into Iran during the first seven months of the current Iranian year (March 21-Oct. 22), registering a 10% rise compared with the similar period of last year.
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Publish Date: 30/October/2019 | 11:40

Agrifood Products Account for Over Half of Iran-EEU Trade

EghtesadOnline: Iran traded 2.52 million tons of agrifood products worth 1.09 billion with the Eurasian Economic Union in the last Iranian year (March 2018-19), according to Shahrokh Shajari, director general of Agriculture Ministry's Export Promotion Bureau.
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Publish Date: 30/October/2019 | 11:37

Water Crisis in Iran: Pushing to the Brink

EghtesadOnline: As access to water becomes a herculean task in countries big and small, an increasing number of regions worldwide are facing a looming crisis that has become a serious cause of concern threatening livelihoods from Afghanistan to Zimbabwe.
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Publish Date: 30/October/2019 | 11:34

National Development Fund of Iran Lends $4.9b in 3 Months

EghtesadOnline: The National Development Fund of Iran, the country’s sovereign wealth fund signed 15 agency contracts with banks to pay $5.8 billion in foreign currency loans during the first quarter of the current fiscal year (March 21- June 21).
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Publish Date: 30/October/2019 | 11:28

Tehran Home Sales Pick Up After Months of Decline

EghtesadOnline: The Central Bank of Iran's latest report on property sales in Tehran shows the number of home deals made in the capital city rose in the seventh month of the current Iranian year that ended on Oct. 22 after months of decline.
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Publish Date: 30/October/2019 | 11:26

Zarif Promotes Hormuz Peace Endeavor at MSC Meeting

EghtesadOnline: Foreign Minister Mohammad Javad Zarif on Tuesday elaborated further on the Hormuz Peace Endeavor proposed by Iran, which is meant to ensure Persian Gulf security through the cooperation of regional governments.
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Publish Date: 30/October/2019 | 11:24

Hormuz Peace Initiative Deserves More Attention

EghtesadOnline: More targeted efforts should be made to promote Iran's regional peace plan, as it can help Middle East prosper in all areas, says a political analyst, who sees great potential in the newly proposed initiative.
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Publish Date: 28/October/2019 | 13:02

Need to Keep Option of Talks on JCPOA Open

EghtesadOnline: Negotiation is the foremost tool in international relations to advance national interests and Iran should not brush it aside as it’s an option to address issues concerning the 2015 nuclear deal, an expert said.
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Publish Date: 28/October/2019 | 13:00

Higher Rainfall Has No Space for Complacency

EghtesadOnline: Since September 23 (the beginning of the current water year), water flowing into dams has reached 2 billion cubic meters -- up 87% compared to last year.
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Publish Date: 28/October/2019 | 24:57

Environment Protection Comes to Iran's Petrochem Sector

EghtesadOnline: In line with its environmental policy, Bandar Imam Petrochemical Company in southwestern Khuzestan Province has started a project to collect and recycle all its wastewater in a single unit that will come online by March, the managing director said.
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Publish Date: 28/October/2019 | 24:54