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Banking on Private Enterprise

EghtesadOnline: Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli Iran.
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Publish Date: 04/August/2019 | 24:29

Gov’t Plans Not Tied to Nuclear Talks Success

EghtesadOnline: Iran will continue its negotiations with the remaining parties to the 2015 nuclear deal, but is pursuing plans based on the presumption that the talks will not produce the desired outcome, President Hassan Rouhani said on Thursday.
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Publish Date: 04/August/2019 | 24:27

$100m Carpet Unveiled at Tabriz Int’l Exhibition

EghtesadOnline: Tabriz, the capital city of East Azarbaijan Province, is hosting an international hand-woven carpet exhibition that was inaugurated by President Hassan Rouhani on Thursday and will conclude on Aug. 4.
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Publish Date: 04/August/2019 | 24:21

Strong Backing for Closer Ties With China

EghtesadOnline: The Iranian Parliament supports the disposition of high-level authorities toward closer ties with China, Iran's top lawmaker said on Tuesday.
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Publish Date: 31/July/2019 | 10:47

New British Government Signals Continued Support for JCPOA

EghtesadOnline: The new government led by UK Prime Minister Boris Johnson expressed continued support for the Iran nuclear deal at an emergency meeting of international powers trying to save the 2015 accord.
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Publish Date: 31/July/2019 | 10:45

$27b Repatriated Via Iran's Secondary Currency Market in 1 Year

EghtesadOnline: Approximately $27.5 billion was repatriated by non-oil exporters to the secondary currency market known locally as Nima (Integrated Forex Deals System) since the fifth month of last calendar year (July 23-August 22, 2018) up until now, the central bank governor said Tuesday.
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Publish Date: 31/July/2019 | 10:42

Iran's NIDC Releases 5-Month Report

EghtesadOnline: The National Iranian Drilling Company has drilled and repaired 51 onshore and offshore oil and gas wells since the beginning of the current fiscal in March, the company’s deputy managing director for drilling affairs said.
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Publish Date: 31/July/2019 | 10:40

Iran's Q1 Business Index Improves

EghtesadOnline: Iran’s business environment saw a modest improvement in the first quarter of the current fiscal year (March 21-June 21) compared with the previous quarter, a quarterly survey undertaken by Iran Chamber of Commerce, Industries, Mines and Agriculture shows.
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Publish Date: 31/July/2019 | 10:34

Power Plant in West Tehran Raises Output

EghtesadOnline: A new gas unit in Tarasht Thermal Power Plant west of Tehran came on line Monday, managing director of Iran's Thermal Power Plants Holding Company said.
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Publish Date: 31/July/2019 | 10:31

Siemens Gas Turbine Maintenance Undertaken by Iranian Engineers

EghtesadOnline: Iran has acquired the know-how to repair Siemens gas turbines and local engineers can now carry out all the maintenance work of the turbines, head of the National Iranian Gas Transmission Company said.
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Publish Date: 31/July/2019 | 10:30

Iran, Iraq to Set Up Joint Investment Fund

EghtesadOnline: Securities and Exchange Organization of Iran and the Iraqi Securities Commission signed a memorandum of understanding to create a joint investment fund.
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Publish Date: 31/July/2019 | 10:28

1,100km Pipeline to Link Jask Port to Oil Terminal in Bushehr

EghtesadOnline: Construction of a 1,100km 42-inch diameter pipeline to transfer crude oil to the southeastern port of Jask in Hormozgan Province is going ahead as planned, managing director of the Petroleum Engineering and Development Co. said Tuesday.
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Publish Date: 31/July/2019 | 10:25

Subsidized Foreign Currency: Bane of Pharma Industry

EghtesadOnline: The Iranian government’s policy of granting subsidized foreign currency at the rate of 42,000 rials per US dollar to import pharmaceuticals and medical equipment is distorting the economic process and its furtherance will prove counterproductive, as it will impede the development of the industry.
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Publish Date: 31/July/2019 | 10:22

New Chief at INSTEX

EghtesadOnline: lBernd Erbel, 72, a German diplomat and a former head of his country’s mission in Iran (Oct. 2009-2013) has been appointed as the new president of Iran-EU trade mechanism, known officially as the Instrument in Support of Trade Exchange (INSTEX).
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Publish Date: 31/July/2019 | 10:18

Iran Propylene Output to Rise 300 Percent

EghtesadOnline: To increase the share of value-added exports, the National Petrochemical Company’s propylene output is expected to increase by 3 million tons or 300% over the next five years, the head of the company said Monday.
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Publish Date: 30/July/2019 | 11:50

Health Professionals Given Deadline to Apply for POS Machines

EghtesadOnline: Job holders in the healthcare sector, including physicians, paramedics, pharmacists and veterinarians, whose licenses are issued by the Ministry of Health and Medical Education, Iran Medical Council and Iran Veterinary Organization, need to register for Point of Sale machines with the Iranian National Tax Administration.
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Publish Date: 30/July/2019 | 11:48

Iran's Interaction With Neighbors on Trans-Border Rivers

EghtesadOnline: Iran's declared policy regarding trans-border rivers and shared water resources is to interact with neighbors within the framework of bilateral agreements and build technical and diplomatic cooperation, head of the Energy Ministry’s department of border rivers and joint water sources said.
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Publish Date: 30/July/2019 | 11:44

Beijing Pursues Long-Term Strategic Ties With Tehran

EghtesadOnline: China regards expansion of relations with Iran as highly important and pursues a policy of "long-term strategic" ties with Tehran, a senior Chinese diplomat said on Monday.
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Publish Date: 30/July/2019 | 11:40