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5 Armed Forces-Linked Banks to Merge

EghtesadOnline: The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion.
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Publish Date:03/March/2019 | 11:52

Tons of Imported Auto Parts Stuck in Iran Customs

EghtesadOnline: An estimated 10,000 containers of imported auto parts are stuck in Iran ian customs warehouses ostensibly because local automotive companies Iran Khodro and SAIPA are unable or unwilling to get clearance for the goods.
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Publish Date:03/March/2019 | 11:49

Iran Expediency Council Again Delays Vote on Palermo Bill

EghtesadOnline: The constitutional arbiter Expediency Council again was unable to reach a decision on a bill that endorses Iran 's accession to the UN Convention on Transnational Crime, commonly known as the Palermo bill.
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Publish Date:03/March/2019 | 11:46

Iran : Electronic Distribution of Subsidized Currency Approved

EghtesadOnline: In a highly anticipated parliamentary decision on Saturday, lawmakers ratified an amendment to the next year’s (March 2019-20) budget bill which obliges government to allocate $14 billion subsidized foreign exchange in the form of "electronic coupon."
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Publish Date:03/March/2019 | 11:44

Iran Records €550m Surplus in €18.3b Trade With EU in 2018

EghtesadOnline: A total of €18.39 billion worth of commodities were traded between Iran and the European Union member states in 2018, registering a 12.2% decline compared with the value of commercial exchanges in the previous year, the latest Eurostat data published on its website show.
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Publish Date:03/March/2019 | 11:41

Loans for Rooftop Photovoltaic Systems in Rural Households

EghtesadOnline: The Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill, on Saturday approved the $500 million government-proposed funding for expanding rooftop photovoltaic systems in the next fiscal (March 2019-20).
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Publish Date:03/March/2019 | 11:36

SEO Deputy: Capital Market Worth $66b

EghtesadOnline: Saeed Fallahpour, a board member of the Securities and Exchange Organization and a deputy of the SEO Supervision of Financial Institutions said Saturday that the value of Iran 's four bourses ( Tehran Stock Exchange, Iran Fara Bourse, Iran Mercantile Exchange and Iran Energy Exchange) has reached 9,000 trillion rials ($66.6 billion ).
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Publish Date:03/March/2019 | 11:29

Student Robotic Contest in Tehran

EghtesadOnline: A national student robotic contest Roboticup 2019 opened Thursday at the Tehran University with the participation of more than a thousand elementary and high school students.
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Publish Date:02/March/2019 | 24:18

Venezuela Model Not Applicable to Iran

EghtesadOnline: The United States is adopting hostile policies toward both Iran and Venezuela but the model it is using for the Latin American country is not applicable to Tehran, given the economic, geopolitical and domestic structural differences between the two oil-rich countries, an analyst said.
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Publish Date:02/March/2019 | 24:15

Apple Crackdown Renders Iran iOS Apps Useless

EghtesadOnline: Apple Inc. crackdown on misuse of its enterprise developer certificates has taken a toll on Iran ian startups offering services through iOS apps.
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Publish Date:02/March/2019 | 24:12

Tehran to Host INSTC Forum This Week

EghtesadOnline: The 7th Coordination Committee Forum and 8th Specialists’ Forum of the International North-South Transport Corridor is scheduled to be held on March 4 and 5 in Tehran’s Parsian Evin Hotel.
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Publish Date:02/March/2019 | 24:08

Iran 's International Steel Output Ranks 10th in Jan.

EghtesadOnline: Iran ian steel mills produced a total of 2.23 million tons of crude steel in January 2019, down 2.6% compared with last year’s corresponding period, the latest report released by the World Steel Association shows.
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Publish Date:02/March/2019 | 24:06

Banking Restrictions Take Toll on China- Iran Trade

EghtesadOnline: China has been Iran 's biggest trading partner and its export destination–although that position went briefly to Iraq in the second half of 2018– and Tehran continues to seek stronger ties with its "traditional ally."
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Publish Date:02/March/2019 | 24:03

Iran Handicraft Exports at $190m in 8 Months

EghtesadOnline: About $190 million worth of handicrafts were exported from Iran during the first eight months of the current Iran ian year (March 21-Nov. 21, 2018).
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Publish Date:02/March/2019 | 24:02

Commerce Chambers Elections Today

EghtesadOnline: The ninth elections of commerce, industries, mines and agriculture chambers are set to be held today, March 2, across the country.
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Publish Date:02/March/2019 | 24:01

CBI Chief: FATF Crucial for Foreign Banking Ties

EghtesadOnline: Governor of the Central Bank of Iran Abdolnaser Hemmati says recommendations of the anti-money laundering body, the Financial Action Task Force, are part and parcel of international banking norms and thus essential for financial ties to the outside world.
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Publish Date:02/March/2019 | 11:57

Parliamentary Elections Set for Feb. 2020

EghtesadOnline: With the approval of the Guardians Council, the 11th round of parliamentary elections will be held on Feb. 21, 2020, the Interior Ministry's spokesperson said.
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Publish Date:02/March/2019 | 11:49

Presidential Chief of Staff Says Rouhani Stands Behind Zarif

EghtesadOnline: President Hassan Rouhani stands behind and completely approves of the performance of Foreign Minister Mohammed Javad Zarif who unexpectedly announced his resignation on Monday, the presidential chief of staff said.
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Publish Date:27/February/2019 | 24:30