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Iran Defense Ministry to Invest $87m in Tech Firms

EghtesadOnline: Iran’s Defense Ministry plans to invest 10 trillion rials ($87.7 million) in local knowledge-based companies active in the field of defense technologies.
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Publish Date: 16/September/2019 | 11:48

10MW Mobile Power Plant Ready for Synchronization

EghtesadOnline: Iran’s largest mobile power plant will be linked to the national grid next month, the deputy for supervisory affairs at the National Water and Wastewater Engineering Company of Iran (Abfa) said.
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Publish Date: 16/September/2019 | 11:47

Half of Saudi Oil Output Cut

EghtesadOnline: Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
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Publish Date: 16/September/2019 | 11:45

38% Rise in Khorramshahr Port Operations

EghtesadOnline: A total of 699,341 tons of commodities were loaded and unloaded in Khorramshahr Port in the southern province of Khuzestan during the first five months of the current Iranian year (March 21-Aug. 22), indicating a 38% rise compared with the corresponding period of last year, the director general of Khorramshahr Ports and Maritime Organization said.
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Publish Date: 16/September/2019 | 11:42

Indian Foreign Secretary in Tehran

EghtesadOnline: Indian Foreign Secretary Vijay Gokhale arrived in Tehran on Sunday for a two-day visit to hold talks with senior Iranian diplomats on bilateral relations, mutual trade and regional developments.
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Publish Date: 16/September/2019 | 11:36

Municipalities Raise $110m via Bond Sales in Iran

EghtesadOnline: A report by the Central Bank of Iran on the participatory bond market said municipalities in major urban areas sold more than 12.5 trillion rials ($110 million) worth of participatory bonds up until the end of first quarter of the present fiscal year to June 21.
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Publish Date: 16/September/2019 | 11:32

KSC Top Steel Exporter During 5 Months to Aug. 22

EghtesadOnline: With a total of 887,543 tons of exports in the first five months of the current fiscal year (March 21-Aug. 22) and 174,772 tons in the fifth month (July 23-Aug. 22), Khouzestan Steel Company was Iran's biggest exporter of steel during the period under review.
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Publish Date: 16/September/2019 | 11:30

32% Decline in Iran's Aluminum Output

EghtesadOnline: Major Iranian aluminum producers' output during the first five months of the current Iranian year (March 21-Aug. 22) stood at 103,593 tons, which indicates a 32% decrease compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization's latest report shows.
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Publish Date: 16/September/2019 | 11:27

Iran E-Commerce Market Worth Over $18 Billion

EghtesadOnline: E-commerce accounts for 10.4% of Iran’s GDP with the market’s nominal value standing at 2.08 quadrillion rials ($18.4 billion), E-Commerce Development Center of Iran reports.
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Publish Date: 16/September/2019 | 11:25

South Pars Phase 11 Development May Go to Petropars

EghtesadOnline: Domestic companies will start operations to develop Phase 11 of the South Pars Gas Field in the Persian Gulf in October, managing director of Pars Oil and Gas Company, a subsidiary of state-owned National Iranian Oil Company that oversees the development of gas fields said.
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Publish Date: 16/September/2019 | 11:22

Parliament Censured Over Rush to Rewrite Iran's Trade Law

EghtesadOnline: Economic analysts and businesspeople have time and again called for reforming Iran’s decades-old Trade Law. However, they also strongly disapprove of legislators’ ongoing rush to pass the new reform bill.
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Publish Date: 16/September/2019 | 11:20

US Charges on Saudi Attacks Aim to Mar Tehran's Image

EghtesadOnline: The United States' allegations against Iran about the Saturday attacks on Saudi Arabian oil installations resemble plans by “secret services” to tarnish a country's image to prepare the ground for future plots, the Iranian Foreign Ministry’s spokesman said.
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Publish Date: 16/September/2019 | 11:18

Top Council Extends Central Bank of Iran's Forex Mandate

EghtesadOnline: The Supreme Council of Economic Coordination extended the authority of the central bank governor, Abdolnasser Hemmati, for one more year to intervene and regulate the foreign exchange market, the government spokesperson said at the weekend.
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Publish Date: 16/September/2019 | 11:15

Industries Financed Mainly by Lenders

EghtesadOnline: Banks met nearly 57% of industrial units' capital need in the last Iranian fiscal year (ended March 2019), says a deputy minister of industries.
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Publish Date: 15/September/2019 | 10:47

Europeans Underscore Full Support for Nuclear Deal

EghtesadOnline: The European parties to Iran's nuclear deal on Friday reiterated their full support for the agreement while emphasizing the need for diplomacy and dialogue in light of Tehran's decision to further cut its nuclear commitments.
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Publish Date: 15/September/2019 | 10:45

Chronic Inflation Damages Economic Growth Prospects

EghtesadOnline: Chronic inflation, which stems from economic imbalances, ruins economic growth, Masoud Nili, a prominent economist and professor of economics at Sharif University of Technology, says.
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Publish Date: 15/September/2019 | 10:38

Petropars to Develop Iran's Belal Gas Field

EghtesadOnline: Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $440m contract Saturday with domestic company Petropars to develop Belal Gas Field in the Persian Gulf.
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Publish Date: 15/September/2019 | 10:35