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Iran 's Non-Oil Trade With OIC Members Near $30 Billion in 10 Months

EghtesadOnline: Iran traded 59.13 million tons of non-oil commodities worth $29.63 billion with the members of the Organization of Islamic Cooperation during the first 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register a 9.77% and 2.71% increase in tonnage and value respectively compared with last year’s corresponding period.
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Publish Date:06/March/2019 | 13:35

No Buyers in Latest Oil Offer via IRENEX

EghtesadOnline: As per its earlier announcement, the National Iran ian Oil Company on Monday offered one million barrels of light crude oil on the Iran Energy Exchange (IRENEX) but there were no customers.
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Publish Date:05/March/2019 | 13:38

Gov't Rejects, Later Consents to Wage Hike

EghtesadOnline: In the new Iran ian year that starts on March 21, the raise in wages for government employees and retirees was approved by the Majlis. The raise is 4 million rials (about $30).
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Publish Date:05/March/2019 | 13:31

No Economic Justice With Hidden Subsidies

EghtesadOnline: Forty young researchers, along with a group of renowned economic experts, including Masoud Nili, former special presidential aide for economic affairs; Mohsen Jalalpour, former president of Iran Chamber of Commerce, Industries, Mines and Agriculture; and Hossein Abdoh-Tabrizi, former secretary-general of the Securities and Exchange Brokers Organization, recently released a statement calling for an end to indirect and hidden subsidies doled out by the government.
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Publish Date:05/March/2019 | 13:28

Iran Mercantile Exchange Ready to Launch Cryptocurrency Trade

EghtesadOnline: Managing director of Iran Mercantile Exchange says the commodity bourse is ready to host the trade of cryptocurrencies and also tap into the potential of blockchain technology in enhancing commodity trade.
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Publish Date:05/March/2019 | 13:26

Currency, Gold Decline in Iran

EghtesadOnline: Foreign exchange rates dropped below the psychological level of 130,000 rials on Monday as markets prepared for relative stability before the fiscal year is out on March 20.
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Publish Date:05/March/2019 | 13:23

Renewed Alarm Over Water Crisis in Iran

EghtesadOnline: The water crisis in Iran is a serious concern and neglecting the issue will have irreversible consequences, said the head of Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran, Monday.
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Publish Date:05/March/2019 | 13:17

Amano: Tehran Still Complying With JCPOA

EghtesadOnline: The UN nuclear chief once again confirmed Iran ’s adherence to its obligations under its nuclear deal with major powers, known as the Joint Comprehensive Plan of Action.
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Publish Date:05/March/2019 | 13:11

Preliminary Results of Iran ian Chambers of Commerce Elections Out

EghtesadOnline: Preliminary results of the ninth round of quadrennial elections of Iran ian chambers of commerce show 16,412 economic players have chosen their representatives for 33 provincial commerce chambers (except for Bandar Abbas).
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Publish Date:05/March/2019 | 13:09

Leader Favors Diplomatic Engagement With World

EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei favors further diplomatic engagement with the world, but has asked the country’s officials not to pin their hopes on Europeans to help resolve domestic economic woes.
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Publish Date:05/March/2019 | 13:07

Iran : Home, Land, Rent Prices Increase as Deals Decline in Q3

EghtesadOnline: The Statistical Center of Iran has published its latest report on home and land prices in addition to rents, which indicates a significant rise across urban areas during the third quarter of the current fiscal year (Sept. 23-Dec. 21, 2018), marking the autumn in Iran .
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Publish Date:03/March/2019 | 11:54

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