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NIOC in Talks With Vitol

EghtesadOnline: Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported.
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Publish Date:02/September/2018 | 08:16

Iran August LPG Sale Leaps

EghtesadOnline: Iran 's LPG shipments loaded, or due for lifting, in August rose by 84,000 million tons versus July to around 568,000 million tons, the highest since the previous international sanctions for its nuclear program were lifted in January 2016, fixtures from shipping sources showed recently. A majority of the shipments are destined for China, where importers are grappling with higher import tariffs for US LPG in an escalating trade war and are scrambling for Middle Eastern cargoes instead, Global S&P Platts reported.
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Publish Date:02/September/2018 | 08:06

NIOC Crude Exports Plunge 700,000 bpd Since August

EghtesadOnline: The National Iran ian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases in view of the reimposition of US sanctions in November, a senior energy analyst said.
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Publish Date:02/September/2018 | 08:05

Cybersecurity Comes to the Fore in Iran

EghtesadOnline: With the exponential growth of online services and application of modern technologies to all aspects of life, governments around the globe are facing new threats in the form of malware and cyber attacks. In order to outline the Iran ian government’s activities in the field of cybersecurity, a conference was held at the ICT Ministry earlier this week.
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Publish Date:02/September/2018 | 07:59

Iran ian Government Introduces Rescue Package for Auto Industry

EghtesadOnline: A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran 's economy is to provide the country's beleaguered auto sector with tax exemptions, reduced bureaucracy, and in the event of layoffs, the immediate payment of unemployment benefits.
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Publish Date:02/September/2018 | 07:56

Metal Bulletin Suspends Iran Steel Import Price Assessments

EghtesadOnline: London-based specialist international publisher and information provider for the global steel, non-ferrous and scrap metals markets, Metal Bulletin, has discontinued its Iran import hot-rolled coil and cold-rolled coil prices.
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Publish Date:02/September/2018 | 04:11

CBI Says Will Fight Liquidity

EghtesadOnline: The Central Bank of Iran has vowed to curb the rising tide of liquidity, which he blamed as the source of all market volatility, including a currency crisis that has seen the rial drop to record lows since April.
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Publish Date:02/September/2018 | 04:09

Parliamentary Think Tank: Iran ’s Economy to Contract

EghtesadOnline: The research arm of the Iran ian Parliament expects the economy, as measured by the gross domestic product, to contract between 0.5% and 2.8% by the end of the current fiscal year (March 2018-19).
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Publish Date:01/September/2018 | 09:20

Iraqi Delegation to Seek US Sanctions Exemption

EghtesadOnline: Iraq will send a delegation to the United States seeking an agreement on financial transactions with Iran following Washington’s reimposition of sanctions on Tehran, Prime Minister Haider al-Abadi said on Tuesday.
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Publish Date:01/September/2018 | 04:11

$1.5 Billion Traded in Iran 's Secondary Forex Market

EghtesadOnline: Figures show that Nima, the online foreign exchange system set up by the Central Bank of Iran at the behest of the government, is increasingly being embraced by traders following forex policy amendments.
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Publish Date:01/September/2018 | 04:09

Iran : Return of Housing Recession Likely

EghtesadOnline: Experts believe Iran 's housing sector is already showing signs of sliding back into recession after enjoying only nine short months of booming activities.
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Publish Date:01/September/2018 | 04:01

Nuclear Desalination Cost-Effective

EgtesadOnline: Using nuclear reactors to run seawater desalination plants can be cost-effective in areas straddling the southern coasts of Iran , as they meet most of their potable water demand from nearby provinces, an energy analyst said.
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Publish Date:29/August/2018 | 10:03

Tehran Home Sales Fall as Prices Soar

EghtesadOnline: The Central Bank of Iran on Tuesday released its latest data concerning Tehran's housing market, indicating that the volume of home deals has significantly declined as prices have jumped for the third month in a row.
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Publish Date:29/August/2018 | 04:54

Economist Censures Gov’t Crackdown on Warehouses

EghtesadOnline: Economists and businesspeople believe that cracking down on production units and warehouses, and treating them as criminals will have adverse consequences, as economic players will lose trust in the system.
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Publish Date:28/August/2018 | 06:43

US Pressure on Iran to Facilitate SWIFT Alternative

EghtesadOnline: A group of US lawmakers have urged the US Treasury Department to cut off Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
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Publish Date:28/August/2018 | 06:38

Iran ’s Crypto Blueprint on Track

EghtesadOnline: Informatics Services Corporation, the principal entity in charge of designing Iran 's national cryptocurrency, has announced new details about the nascent currency's blueprint.
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Publish Date:28/August/2018 | 06:30

Private Sector Offers Helping Hand to Knowledge-Based Companies

EghtesadOnline: The Iran ian government is a step closer to achieving its long-sought objective of involving the private sector in the startup and knowledge-based ecosystem with the inauguration of a privately-owned technology park branded as Tehran Innovation Factory.
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Publish Date:27/August/2018 | 09:23