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Shaparak Transactions Surge, Again

EghtesadOnline: In the calendar month Bahman (Jan.21-Feb.19) close to 1,972 million transactions worth 2,385 trillion ($15.4 billion) were processed via Shaparak (the domestic electronic payment network) – up 6.14% and 16.83% in volume and value compared to the month before.
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Publish Date: 11/March/2019 | 13:25

Iran: Industrial Investments Up Twofold in 3 Quarters

EghtesadOnline: More than 2.16 quadrillion rials ($16.25 billion) worth of investments are expected to be made in Iranian industrial units for which permits were issued during the nine months to Dec. 21.
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Publish Date: 11/March/2019 | 13:22

Exports From Arvand Free Trade Zone Exceed $1b

EghtesadOnline: Non-oil exports from Arvand Free Commercial-Industrial Zone in southwest Iran exceeded $1.2 billion during the 11 months to Feb. 19.
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Publish Date: 11/March/2019 | 13:16

Knowledge-Based Firms, Impaired Loans, Agitation and Silence

EghtesadOnline: Unpaid loans of knowledge-based companies until December 21 amounted to a staggering 70.1 trillion rials ($535 million), Central Bank of Iran data shows. The development has triggered social media frenzy.
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Publish Date: 11/March/2019 | 13:15

Tehran, Sofia Seek Trade Expansion

EghtesadOnline: A meeting to survey ways of expanding economic ties between Iran and Bulgaria was held in Tehran Chamber of Commerce, Industries, Mines and Agriculture on Saturday.
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Publish Date: 11/March/2019 | 13:12

Iran Keen on Regional ‘Inclusive Cooperation'

EghtesadOnline: Iran is ready to join an initiative that promotes “inclusive cooperation” among regional countries, including Saudi Arabia, if they are determined to help make the region more secure and prosperous, Foreign Minister Mohammed Javad Zarif said.
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Publish Date: 11/March/2019 | 13:09

Semnan Power Company Promoting Solar Systems

EghtesadOnline: Semnan Province Electric Power Distribution Company will set up 100 small-scale solar power systems for rural homes in the next calendar year (starts March 21), the managing director said Saturday.
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Publish Date: 10/March/2019 | 13:17

Iran's Non-Oil Exports to ECO Countries See 15% Rise

EghtesadOnline: Iran traded 16.95 million tons of non-oil commodities worth $9.01 billion with member states of Economic Cooperation Organization in the first 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register a 17.78% and 1.75% increase in tonnage and value respectively year-on-year.
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Publish Date: 10/March/2019 | 13:13

Iran Airport Traffic Down 14%

EghtesadOnline: Iran Airports Company registered 394,932 takeoffs and landings during the 11 months to Feb. 19, which shows a 14% decrease compared with the similar period of last year.
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Publish Date: 10/March/2019 | 13:12

Iranian Carmaker Says Cannot Deliver Presold Renaults

EghtesadOnline: Pars Khodro, a subsidiary of Iranian car company SAIPA, reportedly presold 36,000 Renault cars which it now says it cannot deliver because the new US sanctions have disrupted the supply of parts.
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Publish Date: 10/March/2019 | 13:10

Subsidized Forex Policy Dysfunctional

EghtesadOnline: Governor of the Central Bank of Iran says the subsidized foreign currency programs for importing essential goods has failed to achieve the desired results due mainly to the dysfunctional distribution systems.
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Publish Date: 10/March/2019 | 13:08

Water Tariffs Divorced From Reality

EghtesadOnline: A key contributing factor to high water consumption and waste in Iran is that the precious commodity is sold inexpensively to households, industries and farmers, says the director of Natural Science Department of the National Commission for UNESCO in Iran.
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Publish Date: 10/March/2019 | 13:06

SCI Reviews Iran's Mining Data in Fiscal 2017-18

EghtesadOnline: The Statistical Center of Iran carries out a yearly census to collect information about active mines and mineral plants in the country, with the 36th conducted in the current fiscal year (March 2018-19).
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Publish Date: 10/March/2019 | 13:04

Rouhani to Visit Iraq on Monday

EghtesadOnline: President Hassan Rouhani is scheduled to visit Baghdad at the head of a politico-economic delegation on Monday for a three-day visit aimed at strengthening political, economic and cultural ties.
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Publish Date: 10/March/2019 | 24:49

South Africa Says Will Stand by Iran in Sanctions Era

EghtesadOnline: The South African government has reiterated its commitment to supporting Iran in the sanctions era despite challenges while underlining the importance of diplomacy in resolving international issues.
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Publish Date: 10/March/2019 | 24:54

Gov’t Keen to Increase Cooperation With Judiciary

EghtesadOnline: President Hassan Rouhani congratulated Hojjatoleslam Seyyed Ebrahim Raeisi on his appointment as judiciary chief, saying his administration is keen to increase cooperation with the judicial branch.
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Publish Date: 10/March/2019 | 24:56

2 Iranian Companies Sign MVNO Agreement

EghtesadOnline: Iran Electronics Industries (Sairan) has signed an agreement with local Internet service provider HiWeb for establishing a mobile virtual network operator.
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Publish Date: 09/March/2019 | 15:28

Support for Shiraz-Based Biotech Startups

EghtesadOnline: A new startup accelerator was inaugurated late last week in Shiraz, Fars Province, to support knowledge-based companies in the key biotech sector.
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Publish Date: 09/March/2019 | 15:25