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Iranian Box Office Earnings Rise 37% to $8.6m in Q1

EghtesadOnline: Iranian box offices earned 1.13 trillion rials ($8.65 million) in spring (the current Iranian year’s Q1 from March 21 to June 21) to register an increase of 310.24 billion rials ($2.36 million) or 37.66% compared with last year’s corresponding period.
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Publish Date: 25/June/2019 | 11:49

Power Consumption Peaks

EghtesadOnline: Electricity consumption reached a peak of 55,000 megawatts on Sunday, the highest in the current fiscal year that started in March and close to the 55,500-MW mark registered in the 2017 fiscal year.
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Publish Date: 25/June/2019 | 11:47

Iran's Non-Oil Trade With G7 at $7.2b in Fiscal 2018-19

EghtesadOnline: Iran traded 4.84 million tons of non-oil commodities worth $7.24 billion with members of the Group of Seven during the last Iranian year (ended March 20, 2019) to register a 26.38% and 26.31% decline in tonnage and value respectively compared to the year before.
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Publish Date: 25/June/2019 | 11:46

Iran-Turkey Train Services Resume

EghtesadOnline: A passenger train resumed a weekly service on Tehran-Tabriz-Van Railroad at 9:30 a.m. on Monday, after it was suspended for nearly four years.
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Publish Date: 25/June/2019 | 11:44

Running Out of Water

EghtesadOnline: Water-intensive lifestyle, lack of long-term plans to efficiently use the limited water resources, inadequate investment to develop water infrastructure and sacrificing national interest at the altar of personal gain are among visible reasons why pleas, plans and proposals to use less water across all sectors have not produced the desired results.
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Publish Date: 25/June/2019 | 11:40

IRENEX Trade Reaches $74m in 1 month

EghtesadOnline: More than 183,000 tons of hydrocarbon products valued at 10 trillion rials ($74.34 million) were traded in the Iran Energy Exchange spot market in the last Persian month to June 20.
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Publish Date: 25/June/2019 | 11:38

Shadow Banks Inflicted $2.8 Billion Loss on Gov’t

EghtesadOnline: The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht, the head of Plan and Budget Organization.
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Publish Date: 25/June/2019 | 11:34

ICT Minister: US Cyberattacks Unsuccessful

EghtesadOnline: The United States' cyberattacks on Iranian targets have not been successful, the minister of communication and information technology said, following reports about Pentagon's attack on the country's rocket launch systems.
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Publish Date: 25/June/2019 | 11:30

Tehran Fire Department Seeks Technological Assistance

EghtesadOnline: Tehran Fire Department has called on technology firms to devise smart solutions and products to help the department upgrade its rescue services and equipment.
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Publish Date: 24/June/2019 | 24:13

Foreign Surveillance Aimed at Testing Iran’s Vigilance

EghtesadOnline: The surveillance mission conducted by the United States over Iran appeared to be a minor episode designed to test Iranian forces' vigilance and determination to respond to US aggression, says a lawmaker.
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Publish Date: 24/June/2019 | 24:11

American Interventionism Behind Global Problems

EghtesadOnline: President Hassan Rouhani said on Sunday the US interventionist policies are responsible for the problems facing the world, including those in the Middle East.
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Publish Date: 24/June/2019 | 24:10

Iran to Take New Nuclear Steps Unless Europe Acts Fast

EghtesadOnline: Tehran may further reduce its compliance with the 2015 nuclear deal in two weeks, unless European governments move to save the agreement by shielding the Iranian economy from US sanctions, a senior official said on Sunday.
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Publish Date: 24/June/2019 | 24:08

Iran's Non-Oil Trade Surplus With APEC Tops $420m

EghtesadOnline: Iran traded 4.39 million tons of non-oil commodities worth $1.81 billion with member economies of Asia-Pacific Economic Cooperation during the first Iranian month (March 21-April 20) to register a 29.41% growth in tonnage and a 24.24% decline in value compared with last year’s same month.
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Publish Date: 24/June/2019 | 11:54

We Cannot Afford High Power Consumption

EghtesadOnline: Iran’s actual power generation is 59,000 megawatts and network load is projected to surpass 61 GW in summer. The 2,000 MW deficit will have to be compensated by load shedding and outages that will affect industries and households unless consumption declines in the hot season.
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Publish Date: 24/June/2019 | 11:52

Iran Startup Ecosystem at the Crossroads of Immigration

EghtesadOnline: With the Iranian economy in shambles and the shadow of war looming on the horizon, a large segment of the young workforce employed in the Iranian startup ecosystem is mulling immigration.
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Publish Date: 24/June/2019 | 11:46

Visa-Free Regime for Chinese Tourists

EghtesadOnline: The Cabinet has approved no-visa policy for Chinese tourists visiting Iran, the deputy head of Iran Cultural Heritage, Handcraft and Tourism Organization said.
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Publish Date: 30/June/2019 | 10:57

Iran Tourism Grows 1.9% to Account for 6.5% of GDP

EghtesadOnline: Iran's travel and tourism sector grew at 1.9% to contribute 1,158 trillion rials ($8.83 billion) or 6.5% of overall GDP and 1.334 million jobs (5.4% of total employment) to the economy in 2018.
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Publish Date: 24/June/2019 | 11:44

Iran's NIOC Should Expand Options for Selling Oil

EghtesadOnline: Exporting crude under conditions when new US sanctions are intimidating traditional customers is a difficult undertaking and the National Iranian Oil Company should explore all alternatives to export oil, a lawmaker said.
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Publish Date: 24/June/2019 | 11:41

Iran: Consumer Prices Up 50% YOY

EghtesadOnline: Consumer inflation in Iran registered a year-on-year increase of 50.4% in the Iranian month ending June 21, compared with the similar month of last year, the Statistical Center of Iran reported.
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Publish Date: 24/June/2019 | 11:38