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Tehran Auction Revenues Up 23%

EghtesadOnline: The 11th Tehran Auction, which presented Iranian artworks on July 5, grossed 422.04 billion rials ($3.24 million), registering a 23% growth compared with the previous round.
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Publish Date: 08/July/2019 | 08:47

INSTEX's Long-Term Benefits Outweigh Current Shortfalls

EghtesadOnline: The new EU-Iran trading mechanism should be given a chance to work because its long-term benefits both in the fields of economy and politics outweigh its current shortcomings, a former diplomat said.
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Publish Date: 07/July/2019 | 11:27

Turkey, Russia, Iran Summit Set for August

EghtesadOnline: The Turkish presidential spokesman on Thursday said Ankara will host a trilateral summit with the participation of Russia and Iran in August.
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Publish Date: 07/July/2019 | 11:26

Shahid Rajaee Power Plant Reduces Pollution, Costs

EghtesadOnline: In the first quarter of the current fiscal year (March 21-June 21), 93% of the fuel supplied to Shahid Rajaee Combined-Cycle Power Plant in Qazvin Province constituted natural gas, up from 88% last year, the managing director of the plant said.
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Publish Date: 07/July/2019 | 11:24

OPEC Output Hits Five-Year Low

EghtesadOnline: OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters survey found.
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Publish Date: 07/July/2019 | 11:22

Iran, Pakistan Keen on Promoting Trade Ties

EghtesadOnline: Pakistani Prime Minister Imran Khan on Friday stressed the need for Pakistan and Iran to take concrete measures against smuggling and ensure more business opportunities for the people residing along the border.
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Publish Date: 07/July/2019 | 11:20

Central Bank of Iran Moves to Streamline Working Capital Loans

EghtesadOnline: The Central Bank of Iran is working on plans to adjust policies regarding working capital granted to manufacturing units to ensure the loans are actually used for boosting production and staving off inflationary effects.
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Publish Date: 07/July/2019 | 11:18

Workers Yearn for Job Security

EghtesadOnline: Fewer than 4% of workers in Iran enjoy job security, the employees’ representative in Supreme Labor Council said.
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Publish Date: 07/July/2019 | 11:16

Ozone Pollution Suffocating Tehran

EghtesadOnline: The Iranian capital city of Tehran, which has long been notorious for high levels of toxic emissions, is recently breathing ground-level ozone—an uncommon type of air pollution.
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Publish Date: 07/July/2019 | 11:14

Iran's Non-Oil Trade With SCO Surpasses $27 Billion

EghtesadOnline: Iran traded 53.16 million tons of non-oil commodities worth $27.92 billion with member states of Shanghai Cooperation Organization, namely China, India, Pakistan, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan and Tajikistan, in the last fiscal year that ended on March 20 to register a 6.35% and 7.67% decline in tonnage and value respectively compared with the year before.
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Publish Date: 07/July/2019 | 11:12

Tehran Stocks Face Selloff Pressures

EghtesadOnline: After leaving behind a relatively tepid week, stocks in Tehran’s market began trading week in negative territory, amid selloff pressures over a wide range of equities.
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Publish Date: 07/July/2019 | 11:11

Iranian Nuclear Moves Do Not Fall Within IAEA Board’s Authority

EghtesadOnline: Iran said on Friday the steps being taken regarding the nuclear deal do not fall within the authority of the International Atomic Energy Agency’s Board of Governors, calling the US request for a meeting of the nuclear watchdog "sad irony".
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Publish Date: 07/July/2019 | 11:07

Iran, EU Testing Payment Mechanism

EghtesadOnline: The Special Trade and Finance Institute, the Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange (INSTEX), is testing the payment channels for the import and export of goods, according to the CEO of the institute.
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Publish Date: 07/July/2019 | 11:04

Tehran Taps Tech Firms for Subway Car Production

EghtesadOnline: To develop Tehran’s subway network, a multilateral contract has been signed to involve domestic knowledge-based companies in the production of rolling stock.
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Publish Date: 06/July/2019 | 24:01

INSTEX Worthless Without Oil Import

EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
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Publish Date: 06/July/2019 | 24:00

UK’s Boris Johnson Calls for Upholding JCPOA

EghtesadOnline: Boris Johnson, the leading candidate to replace British Prime Minister Theresa May, called on Iran to fully adhere to the terms of the Joint Comprehensive Plan of Action on its nuclear program, underlining the accord’s crucial role in preserving relations between Tehran and the European Union.
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Publish Date: 06/July/2019 | 11:56

Erdogan Offers to Mediate Between US, Iran

EghtesadOnline: Turkish President Recep Tayyip Erdogan said he is willing to mediate between the United States and Iran to ease tensions over the international nuclear program.
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Publish Date: 06/July/2019 | 11:55