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Iran's Q1 Steel Exports Top 1.6m Tons

EghtesadOnline: Major Iranian steelmakers exported a total of 1.62 million tons of steel during the first three Iranian months (March 21-June 21) to register a year-on-year decline of 12%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
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Publish Date: 17/July/2019 | 11:45

Currency, Gold Lose Luster in Tehran Market

EghtesadOnline: Currency rates in Tehran have been of the descending order over the past two weeks amid noticeable decline in demand and visible efforts by the Central Bank of Iran to boost the rial.
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Publish Date: 17/July/2019 | 11:43

Abolition of US Sanctions Can Pave Way for Diplomacy

EghtesadOnline: Foreign Minister Mohammad Javad Zarif said on Monday his country does not want a war, but said US President Donald Trump must lift harsh economic sanctions on Tehran to clear the way for negotiations.
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Publish Date: 17/July/2019 | 11:41

Need to Avoid Trap of Extremism on Nuclear Issue

EghtesadOnline: Iranian officials should be vigilant not to fall into the traps set by domestic and foreign extremists in regard to the nuclear issue as it would present the country's "diplomatic" moves as a threat to the world, a senior lawmaker said.
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Publish Date: 16/July/2019 | 10:35

Iran's Q1 Tea Exports Top 1,600 Tons

EghtesadOnline: More than 1,600 tons of tea were exported from Iran during the first quarter of the current Iranian year (March 21-June 21), Habibollah Jahansaz, the head of Iran Tea Organization, said.
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Publish Date: 16/July/2019 | 10:32

Renewable Energy in Iran: A Long Way Ahead

EghtesadOnline: The Renewable Energy and Energy Efficiency Organization—a subsidiary of the Energy Ministry also known as Satba—was founded to help promote green energy but has failed in its mission, said an entrepreneur and founder of the first solar-powered office building in Iran.
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Publish Date: 16/July/2019 | 10:31

11% Decline in Iran's Q1 Airport Traffic

EghtesadOnline: Iran Airports Company registered 102,883 takeoffs and landings during the first three months of the current Iranian year (March 21-June 21), which shows an 11% decrease compared with the similar period of last year.
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Publish Date: 16/July/2019 | 10:29

Residual Shares Nobody Wants

EghtesadOnline: The remaining shares of government in Shiraz Oil Refining Company and Alborz Insurance Company were offered in the stock market but had no buyers.
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Publish Date: 16/July/2019 | 10:28

Deadbeat Carmaker on Wrong Side of Insurers

EghtesadOnline: Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its mountain of debts.
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Publish Date: 16/July/2019 | 10:26

US Sanctions Slash PSA’s MENA Sales

EghtesadOnline: PSA Group’s sales in the Middle East and North Africa plunged 68.4% in the first half of 2019, punished by the automaker’s forced withdrawal from Iran under the threat of US sanctions.
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Publish Date: 16/July/2019 | 10:24

$295m in Iran's Non-Oil Trade Surplus With Arab League

EghtesadOnline: Iran traded 2.16 million tons of non-oil commodities worth $1.01 billion with Arab League member states during the first Iranian month (March 21-April 20) to register a 28.46% and 27.65% decline in tonnage and value respectively compared with last year’s similar month.
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Publish Date: 16/July/2019 | 10:22

Dollar Dips Again in Tehran Market

EghtesasOnline: Currency rates continued on the downward path in Tehran on Sunday as the Central Bank of Iran mobilizes its resources to plug the gap between rates in the open market and secondary market.
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Publish Date: 16/July/2019 | 10:19

Crypto Mining Plus Side for Iran

EghtesadOnline: Legalizing cryptocurrency mining would help the power sector, head of the board of directors of the Power Generation Companies Syndicate said Monday.
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Publish Date: 16/July/2019 | 10:17

Iran: Fuel Prices May Rise as of March

EghtesadOnline: The plan to resume the use of fuel cards by car owners will come into effect in August with the aim of curbing fuel smuggling that has taken a turn for the worse over the past months.
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Publish Date: 16/July/2019 | 10:15

Iran, UK Hold Talks to Defuse Tensions

EghtesadOnline: UK Foreign Minister Jeremy Hunt and Iran's chief diplomat, Mohammad Javad Zarif, had a phone conversation on Saturday about the detained Iranian oil tanker, which was described as a "constructive call" by the British official.
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Publish Date: 16/July/2019 | 09:48

EU Welcomes Iraqi Bid to Ease Tehran-Washington Row

EghtesadOnline: The European Union fully backs Iraq’s efforts to de-escalate tensions between Iran and the United States, because a conflict will have dire consequences for all sides, EU foreign policy chief, Federica Mogherini, said on Saturday.
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Publish Date: 16/July/2019 | 09:45

Leader Names 3 Members of Top Vetting Body

EghtesadOnline: In separate decrees on Monday, Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei appointed three senior clerics as Islamic jurists to the Guardians Council.
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Publish Date: 16/July/2019 | 09:44

Europeans Call for Resumption of Nuclear Dialogue

EghtesadOnline: In a joint statement on Sunday, the three European parties to the 2015 nuclear agreement, namely France, Germany and Britain (E3), expressed concern about the risk of the deal's collapse, calling for the resumption of multilateral dialogue to stop the escalation of tensions.
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Publish Date: 16/July/2019 | 09:42

2 Steam Units Added to Shirvan Power Plant

EghtesadOnline: Two steam units of Shirvan Combined Cycle Power Plant in Shirvan County, North Khorasan Province, were launched Sunday in the presence of President Hassan Rouhani.
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Publish Date: 16/July/2019 | 09:37

Talks Possible If US Returns to Logic

EghtesadOnline: Iran is ready to engage in talks if the United States lifts the sanctions it has reimposed following its withdrawal from the 2015 nuclear deal, President Hassan Rouhani said on Sunday.
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Publish Date: 16/July/2019 | 09:24