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Iran President Solicits €2b From Sovereign Wealth Fund

EghtesadOnline: A lawmaker said Monday that President Hassan Rouhani has issued a decree to withdraw €2 billion from the National Development Fund of Iran after receiving permission from the Leader Ayatollah Seyyed Ali Khamenei.
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Publish Date: 09/April/2019 | 13:12

Iran Mineral Exports to Iraq Reach $1.7b

EghtesadOnline: Iran exported 8.9 million tons of mineral products worth $1.77 billion to the neighboring country Iraq during the 11 months to Feb. 19.
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Publish Date: 09/April/2019 | 13:10

Iran Retains Rank as World’s 10th Biggest Cement Producer

EghtesadOnline: Iran held on to its ranking as the world’s 10th biggest cement producer in 2018, although the country’s production declined by 1.85% compared with 2017 to stand at 53 million tons, a report published by the United States Geological Survey shows.
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Publish Date: 09/April/2019 | 13:09

Iran Places US CENTCOM on Terrorism Blacklist

EghtesadOnline: Iran’s Supreme National Security Council placed the United States Central Command (CENTCOM), which is responsible for the Middle East and Central Asia, on Iran’s list of terrorist groups in response to the US move to blacklist the Islamic Revolution Guards Corps.
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Publish Date: 09/April/2019 | 13:05

Oil Climbs to 5-Month High Amid OPEC Cuts

EghtesadPnline: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
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Publish Date: 09/April/2019 | 13:01

Tehran Market: Forex and Gold Surge Again

EghtesadOnline: Currency rates and gold prices continued their steady rise in Tehran amid a bull run in the stock market. On Monday the US dollar climbed above the resistance level of 140,000 rials for the first time in the current calendar year that began on March 21.
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Publish Date: 09/April/2019 | 24:56

Sharif University Wins ICPC Bronze Medal

EghtesadOnline: A computer programming team from Tehran’s Sharif University of Technology won a bronze medal during the 43rd round of the International Collegiate Programming Contest (ICPC 2019). The contest was held in Portugal from March 31-April 5.
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Publish Date: 08/April/2019 | 15:22

Iran: Holiday Season Gasoline Sales Exceed 1.8b Liters

EghtesadOnline: Gasoline consumption between March 20 and April 5 -- marking the Norouz (Persian New Year) holiday season -- hit a new record at 1.85 billion liters, showing a 1.9% rise compared to the same period last year.
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Publish Date: 08/April/2019 | 15:20

Iran Steel Exports Dip 4%, Imports Decline 53%

EghtesadOnline: A total of 7.09 million tons of finished and semi-finished steel products were exported from Iran during the 11 months to Feb. 19 to register a 4.33% year-on-year decrease, the Iranian Steel Producers Association's latest report showed.
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Publish Date: 08/April/2019 | 15:16

Hemmati Outlines Iran-Iraq Financial Agreements

EghtesadOnline: Governor of the Central Bank of Iran says Iraq has paid a large part of its debt to Iran. The debts are mainly related to Iranian gas and electricity export to the neighboring country.
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Publish Date: 08/April/2019 | 15:13

Floods Ravage Iran Telecom Infrastructure

EghtesadOnline: Communication infrastructure sustained nearly 15 trillion rials ($113 million) in damages from the floods sweeping across much of Iranian provinces during and after the Norouz holidays.
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Publish Date: 08/April/2019 | 15:11

Iran Airport Traffic Down 13%

EghtesadOnline: Iran Airports Company registered 34,178 takeoffs and landings during the 11th month of the last Iranian year (Jan. 21-Feb. 19, 2019), which shows a 13% decline compared with the similar period of last year.
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Publish Date: 08/April/2019 | 15:09

Iran-Iraq Joint Oilfields Spared From Floodwaters

EghtesadOnline: Flooding during the past three weeks in the west and southwest of the country has not disrupted crude oil production in joint oilfields with Iraq, managing director of Petroleum Engineering and Development Company said Saturday.
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Publish Date: 08/April/2019 | 15:07

US Cannot Completely Cut Off Iran Oil Exports

EghtesadOnline: The US is overwhelmingly likely to fail in its attempt to completely halt Iran's oil exports, analysts told CNBC, with President Donald Trump eager to avoid rising gasoline prices ahead of presidential elections next year.
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Publish Date: 08/April/2019 | 15:02

Tehran Stocks Continue Rally

EghtesadOnline: After recording an 86% return on investment during the previous financial year (ended March 20) for its main index TEDPIX, the Tehran Stock Exchange continues to grow in the Persian New Year.
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Publish Date: 08/April/2019 | 14:56