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Tehran: Stock Rout Erases Autumn Gains

EghtesadOnline: Tehran stocks closed lower in trading Saturday to start the week in the red. At the Tehran Stock Exchange both TSE's main index TEDPIX and IFX lost heavily. The TEDPIX and IFX fell sharply and thereby turned negative for the autumn. Stocks dropped almost across the board with only textile and telecoms staying in the black.
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Publish Date:02/December/2018 | 10:36

Iran 's Central Bank Announces New Rules for Forex Trade

EghtesadOnline: The Central Bank of Iran in a directive on Saturday announced rules and regulations for selling and buying foreign currency of export earnings at authorized exchange bureaus.
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Publish Date:02/December/2018 | 10:32

Iran -Germany Cargo Train Expected to Roll Next Year

EghtesadOnline: Islamic Republic of Iran Railways’ negotiations with German officials to launch cargo trains between the two countries have been fruitful and the first train is expected to use this route next year, the deputy head of IRIR's International Affairs Department said.
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Publish Date:02/December/2018 | 10:30

Startup Trying to Expedite Banking Services

EghtesadOnline: A new smart banking queue management system has been designed by an Iran ian startup that aims to make banking services a tad easier by allowing customers to “get in line” from anywhere at any time by using a smartphone application.
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Publish Date:01/December/2018 | 10:52

Iran Bitcoin Users Affected By US Sanctions

EghtesadOnline: Iran ian sources say that some of them are no longer able to access the cryptocurrency swap platform ShapeShift, even when using virtual private networks (VPNs). As such, the sanctions appear to be already impacting Iran ians who want to make lawful use of cryptocurrencies.
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Publish Date:01/December/2018 | 10:45

Ban on Tomato Paste Exports Lifted

EghtesadOnline: The ban imposed on tomato paste exports has now been lifted until further notice, following a letter sent by the Minister of Industries, Mining and Trade Reza Rahmani to the Islamic Republic of Iran Customs Administration on Nov. 21.
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Publish Date:01/December/2018 | 10:41

Iran ian Lawmaker Says Forex Rates Should Be of Descending Order

EghtesadOnline: Following the recent decline in foreign currency rates, the price of goods which leaped (thanks to earlier exchange rate rises) over the past several months is expected to fall again, says Mohammad-Reza Pour-Ebrahimi, the chairman of Majlis Economic Affairs Commission.
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Publish Date:01/December/2018 | 10:39

How Much Time Iran ians Spend on Social Media

EghtesadOnline: Every Iran ian over the age of 15 on average every day spends 64 minutes on social media platforms, the Statistical Center of Iran says in a report.
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Publish Date:01/December/2018 | 10:36

Russia Ratifies Interim Deal on Iran -EEU Free Trade Zone

EghtesadOnline: Russian President Vladimir Putin signed a bill ratifying a temporary agreement on the formation of a free trade zone between the Eurasian Economic Union and Iran on Wednesday.
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Publish Date:01/December/2018 | 10:29

E-Books Popular With Tehran Metro Commuters

EghtesadOnline: In October more than 25,500 Tehran metro commuters used services offered by the local startup Fidibo to read e-books.
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Publish Date:26/November/2018 | 24:03

Iran Mobile Market: Prices High, Supply Low

EghtesadOnline: During the seven months to Oct. 22, 1.7 million mobile phones were imported into Iran . This is while monthly domestic demand for cellphones is said to be over and above 1 million. This has created chaos in Iran ’s mobile phone market with prices going through the roof.
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Publish Date:26/November/2018 | 11:41

Iran Inflation Grows 34.9% YOY (Nov 2018)

EghtesadOnline: The goods and services Consumer Price Index in Iran registered a year-on-year increase of 34.9% in the Iran ian month Aban (Oct. 23-Nov. 21) compared with the similar month of last year, the Statistical Center of Iran reported.
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Publish Date:26/November/2018 | 11:38

Investments in Iran 's Industrial Projects on the Rise

EghtesadOnline: More than 1,338 trillion rials (€10.29 billion) worth of investments have been made in industrial units for which establishment permits were issued while 325.5 trillion rials (€2.5 billion) were invested in projects for which operating licenses were issued in the first half of the current Iran ian year (March 21-Sept. 22).
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Publish Date:26/November/2018 | 11:35

Rouhani: Iran at Forefront of AML Efforts

EghtesadOnline: President Hassan Rouhani said Wednesday that dirty money and money laundering has become a universal challenge not limited to any single country and Iran is no exception.
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Publish Date:24/November/2018 | 13:28

Autumn Heralds Pollution Season in Tehran

EghtesadOnline: With winter approaching, a blanket of smog is enveloping Tehran. As the mountains in the north gradually vanish in the autumn haze, residents and environmentalists are once again calling for action to curb the air pollution.
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Publish Date:24/November/2018 | 13:22

Iran : Urmia Railroad Comes on Stream

EghtesadOnline: A new railroad has come on stream in northwest Iran . The 182-kilometer-long route was inaugurated by President Hassan Rouhani late Monday.
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Publish Date:21/November/2018 | 10:33