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Iran: Stock Market Outperforms

EghtesadOnline: A report by Tehran Chamber of Commerce, Industries, Mines and Agriculture shows that the value of equities traded in the stock market during the first two months of the current fiscal year (March 21-May 21) registered a whopping 566.5% growth compared with the same period of last year.
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Publish Date: 01/July/2019 | 10:55

Bitcoin Mining Taking Toll on Iran Power Network

EghtesadOnline: The production of a single unit of bitcoin withdraws about 200 million rials ($1,400) in state subsidies, the Energy Ministry’s spokesman for the power department said.
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Publish Date: 01/July/2019 | 10:53

Iran's Non-Oil Exports to EU4 Up 11%

EghtesadOnline: Iran traded 4.19 million tons of non-oil commodities worth $6.27 billion with EU4 during the last Iranian fiscal year (ended March 20) to register 21.8% and 24.24% decline in tonnage and value respectively compared to the year before.
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Publish Date: 01/July/2019 | 10:51

No Intention to Quit JCPOA Despite Nuclear Rollbacks

EghtesadOnline: Europe should take further measures to ensure that the special trade channel set up to keep trade with Iran afloat satisfies Tehran's demands, a senior diplomat said on Saturday, while stressing that the country does not intend to leave the nuclear agreement.
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Publish Date: 01/July/2019 | 10:49

Iran Parliament's Think Tank Has Misgivings About Scrapping USD

EghtesadOnline: The Majlis Research Center says a parliamentary bill wanting to scrap the US currency from Iran’s overseas transactions would further add to the already detrimental effects of US sanctions targeting Iran’s economy.
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Publish Date: 30/June/2019 | 11:32

Renewables Helping Cut Carbon Emissions in Iran

EghtesadOnline: The gradual expansion of renewable energy since 2009 has allowed Iran to reduce greenhouse gas emissions by as much as 2.24 million tons.
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Publish Date: 30/June/2019 | 11:30

Kermanshah Refinery Leading Environmentally

EghtesadOnline: Kermanshah Oil Refinery has taken several measures to reduce its environmental pollutants and become one of the leading Iranian refineries for promoting environmentally sound practices in recent years, the secretary-general of Oil Refining Industry Cooperative Association said.
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Publish Date: 30/June/2019 | 11:28

Iran Will Not Surrender, US Talks Offer ‘Deception’

EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Wednesday that Iran will not budge in the face of US escalating pressure, describing Washington's offer of dialogue as a "deception" to undermine the country's power.
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Publish Date: 30/June/2019 | 11:27

Tehran Complains to UN Over Airspace Violation

EghtesadOnline: Iran has filed an official complaint to the United Nations over the aggression against its airspace by an American drone on the basis of Article 51 of the UN Charter, which allows military action in self-defense.
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Publish Date: 30/June/2019 | 11:23

Rouhani: Iran Not Seeking War With Any Country

EghtesadOnline: Iran has no interest in heightening tensions in the region and is not seeking war with any country, including the United States, President Hassan Rouhani said in a phone call with his French counterpart, Emmanuel Macron, on Tuesday evening.
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Publish Date: 30/June/2019 | 11:20

Mazandaran Rural Gas Network Expanding

EghtesadOnline: Expanding national gas grid in small towns and villages can help increase the wave of "reverse migration"—from bigger cities to nearby smaller towns and suburban areas.
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Publish Date: 30/June/2019 | 11:16

Book Production Plunges as Prices Increase by 37%

EghtesadOnline: Between December 22, 2018, and May 21, the print runs of books in Iran declined by 36%, dropping from an average of 1,878 to 1,175 whereas book prices rose by 37% from an average of 247,807 rials ($1.88) to 339,944 rials ($2.58).
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Publish Date: 30/June/2019 | 11:15

Checks Cross $7.6b in 1 Month

EghtesadOnline: More than 7.2 million checks worth about 991 trillion rials ($7.65 billion) were drawn in Iran during the second month of the current fiscal year (started May 21), the Central Bank of Iran’s latest report announced.
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Publish Date: 30/June/2019 | 11:13

Iran's Non-Oil Exports to Arab League States Top $16b

EghtesadOnline: Iran traded 46.39 million tons of non-oil commodities worth $23.75 billion with member states of Arab League during the last fiscal year (ended March 20, 2019) to register a 1% and 6.73% decline in tonnage and value respectively compared to the year before.
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Publish Date: 30/June/2019 | 11:10

Cheap CNG Loans for All

EghtesadOnline: The Iranian government is rolling out a nationwide scheme to convert their fossil fuel-powered vehicles to CNG hybrids by providing all car owners with cheap loans.
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Publish Date: 30/June/2019 | 11:08

EU Says INSTEX Operational

EghtesadOnline: The remaining signatories to the landmark nuclear deal between Iran and six world powers, formally known as the Joint Comprehensive Plan of Action, announced in a statement that the EU mechanism for trade with Iran is up and running.
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Publish Date: 30/June/2019 | 11:06

Progress on Nuclear Deal Talks 'Positive', But 'Insufficient'

EghtesadOnline: Progress was made in nuclear talks on Friday to salvage the 2015 nuclear deal, but it is not sufficient to stop Tehran from scaling back compliance with the accord, a senior Iranian official said, as Europe announced that a new mechanism to allow trade with Tehran had become operational.
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Publish Date: 30/June/2019 | 11:03

Iran: No Water Rationing in Summer Nationwide

EghtesadOnline: There are no plans to announce restrictions on water use this summer, head of the National Water and Wastewater Engineering Company said Wednesday.
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Publish Date: 30/June/2019 | 11:01

Tehran Home Sales Dip 59% as Prices Increase 104% YOY

EghtesadOnline: Home prices in Tehran continued to increase while the number of property deals declined in the third month of the current Iranian year (ended June 21), latest data released by the Central Bank of Iran show.
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Publish Date: 30/June/2019 | 10:59