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Decline in Bad Checks

EghtesadOnline: About 5.4 million checks worth an estimated 541 trillion rials ($3.82 billion) were transacted in the first month (March 21-April 21) of the current fiscal, of which almost 525,000 were bad checks worth 58 trillion rials ($409.8 million).
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Publish Date: 29/May/2019 | 10:27

Non-Aggression Pact Proposal Indicates Tehran's Good Faith

EghtesadOnline: Iran's proposal for a non-aggression treaty between Persian Gulf states indicates the country's good faith, political transparency and desire to build confidence with neighbors, an international affairs expert said.
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Publish Date: 29/May/2019 | 10:26

No Talks With US in Sight Unless It Changes Course

EghtesadOnline: Iran sees no prospects for negotiations with the United States as long as it does not change course, a senior official said on Tuesday, a day after US President Donald Trump said a deal with Tehran on its nuclear program is possible.
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Publish Date: 29/May/2019 | 10:21

ICCIMA Pushing for End to Forex Subsidy Policy

EghtesadOnline: The head of Iran Chamber of Commerce, Industries, Mines and Agriculture has again urged the government to scrap the controversial subsidized currency policy and focus on creating the long-delayed single forex rate mechanism.
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Publish Date: 29/May/2019 | 10:13

Iran Energy Minister: Reduce Your Electricity Use

EghtesadOnline: Energy Minister Reza Ardakanian has warned that despite high precipitation in the spring, power cuts are likely in summer unless consumption is curbed, especially in the peak hours.
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Publish Date: 29/May/2019 | 10:11

6% Growth in Iran Steel Output

EghtesadOnline: Iranian steel mills produced a total of 8.38 million tons of crude steel during the first four months of 2019, up 6% compared with the corresponding period of 2018, the latest report released by the World Steel Association shows.
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Publish Date: 29/May/2019 | 10:06

Iran Petrochem Output and Export Rising

EghtesadOnline: Non-oil exports from the giant South Pars gas field off the Persian Gulf shows an upward trend despite the new US sanctions, head of the customs office of Pars Special Economic Energy Zone said.
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Publish Date: 29/May/2019 | 10:04

SCI Surveys Latest Inflation Rates for Income Deciles in Iran

EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles increased by 0.1% to reach 2.9% in the second Iranian month (April 21-May 21) compared with the previous month’s 2.8%.
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Publish Date: 29/May/2019 | 10:01

NIGC Expands Reach in West Azarbaijan

EghtesadOnline: Natural gas supply to West Azarbaijan Province is expanding and 11 more small towns and villages are now linked to the national grid, managing director of the National Iranian Gas Company said.
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Publish Date: 28/May/2019 | 11:12

All Power Plants Obliged to Use Recycled Wastewater

EghtesadOnline: Recycled wastewater accounts for 85% of water used in Hamadan’s Shahid Mofateh Thermal Power Plant cooling tower, deputy of the strategic production department at the Thermal Power Plant Holding Company said.
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Publish Date: 28/May/2019 | 11:04

Iran's Non-Oil Trade With Caspian States Declines 50 Percent

EghtesadOnline: Iran traded 327,555 tons of non-oil commodities worth $129 million with Caspian Sea littoral states during the first Iranian month (March 21-April 20) to register a 7.71% rise in tonnage and a 49.59% decline in value compared with last year’s similar month.
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Publish Date: 28/May/2019 | 11:02

Trump Downplays Tensions With Tehran

EghtesadOnline: US President Donald Trump on Monday backed the Japanese Premier Shinzo Abe's interest in using his country's good relations with Iran to help broker a possible dialogue between the US and its nemesis in the Middle East.
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Publish Date: 28/May/2019 | 10:58

Iran Seeks Balanced Ties With Persian Gulf States

EghtesadOnline: Iran's top diplomats stressed on their regional tour of friendly neighboring countries that Tehran is seeking “balanced” and “constructive” relations with all Persian Gulf states based on mutual respect.
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Publish Date: 28/May/2019 | 10:54

Iran Seizes 73% More Contraband in 2018-19

EghtesadOnline: Close to 74.3 trillion rials ($526 million) worth of smuggled goods were confiscated in the last Iranian year (March 2018-19), which shows a 73.1% surge in the value of seizures compared with the year before.
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Publish Date: 28/May/2019 | 10:51

New Iran-India Shipping Route Established

EghtesadOnline: A new shipping route between the seaport of Kandla in western India and Iran's southern Qeshm Island has been officially established with the arrival of a cargo ship named Neshat in Qeshm.
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Publish Date: 28/May/2019 | 10:48

Iran Bans Auto Presales

EghtesadOnline: Iranian carmakers have been barred from holding presales until they meet their overdue commitments and deliver orders placed earlier by customers, a deputy industries minister says.
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Publish Date: 28/May/2019 | 10:46

Larijani Reelected Parliament Speaker

EghtesadOnline: Parliamentarians reelected veteran politician and long-serving lawmaker Ali Larijani as Majlis speaker.
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Publish Date: 28/May/2019 | 10:40