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UK Gov’t Settles $1.6 Billion Dispute With Bank Mellat

EghtesadOnline: The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
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Publish Date: 19/June/2019 | 11:53

Smart Parking Meters to Become Operational in July

EghtesadOnline: Smart parking meters will become operational in Tehran's District 2 by early July, an official of Tehran Municipality’s Transportation and Traffic Organization said.
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Publish Date: 18/June/2019 | 10:02

Electronic Toll Collection Accelerating in Iran

EghtesadOnline: Plans are on track in Iran to replace human-staffed toll booths with a smart and cashless Electronic Toll Collection system on 10 major freeways, a deputy roads minister said.
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Publish Date: 18/June/2019 | 10:01

MPs: Europe Unlikely to Meet Deadline for Nuclear Deal Compliance

EghtesadOnline: It is unlikely of Europe to meet a deadline set by Iran to provide alternative ways of trading and shielding themselves from sweeping sanctions threatened by the US after it unilaterally quit a 2015 nuclear deal, lawmakers said.
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Publish Date: 18/June/2019 | 10:00

Gas Grid Expanding in Lorestan

EghtesadOnline: The National Iranian Gas Company supplied 1.8 billion cubic meters of natural gas to western Lorestan Province in the last fiscal (ended March 20), the company’s deputy for gas supply said.
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Publish Date: 18/June/2019 | 09:58

Iran Copper Production Exceeded 200K Tons in Two Months

EghtesadOnline: Iranian copper concentrate production totaled 203,072 tons during the first two fiscal months (March 21-May 21) to register a decline of 5% compared with last year’s similar period.
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Publish Date: 18/June/2019 | 09:54

On Currency Repatriation Rules MRC Asks Gov’t to Rethink Policy

EghtesadOnline: The Majlis Research Center holds the view that the government can significantly boost its foreign currency earnings by rewriting the Central Bank of Iran’s controversial policy on repatriating currency earnings from non-oil exports.
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Publish Date: 18/June/2019 | 09:49

Iran to Surpass Uranium Stockpile Limit in 10 days

EghtesadOnline: Iran said on Monday it will surpass the uranium stockpile limit set by its nuclear deal with world powers in the next 10 days, but added that Europe still has time to salvage the agreement, which has been on the verge of breakdown since the US withdrawal last year.
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Publish Date: 18/June/2019 | 09:46

Iran's Trade With EU States Drops

EghtesadOnline: Trade between Iran and EU member states during the first quarter of 2019 stood at €1.63 billion to register a more than 69% plunge compared with last year’s corresponding period.
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Publish Date: 18/June/2019 | 09:42

No Plan to Remove Zanganeh

EghtesadOnline: The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.
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Publish Date: 18/June/2019 | 09:39

IMIDRO Reviews Iran's Upstream, Downstream Steel Output

EghtesadOnline: Iran produced 8.08 million tons of iron ore concentrate during the first two months of the current fiscal year (March 21-May 21), which figure remains unchanged compared with the corresponding period of the year before.
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Publish Date: 18/June/2019 | 09:37

Iran GDP Down 4.9% in 2018-19

EghtesadOnline: Iran's gross domestic product shrank by 4.9% in the fiscal 2018-19 compared to the year before, the Statistical Center of Iran's latest report shows.
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Publish Date: 18/June/2019 | 09:34

Shafeie Reelected as ICCIMA President

EghtesadOnline: Gholamhossein Shafei was reelected as the president of the ninth parliament of Iran Chamber of Commerce, Industries, Mines and Agriculture for another four-year term with 302 out of 448 votes on Sunday.
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Publish Date: 17/June/2019 | 11:50

IoT Training Course in July

EghtesadOnline: A comprehensive training course named Internet of Things Boot Camp will be launched on July 18 for youngsters, university students and graduates.
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Publish Date: 17/June/2019 | 11:47

Steel Sheet Production Capacity to Expand

EghtesadOnline: Azna Steel Complex is expected to be inaugurated by the end of the current fiscal year (March 2020) in the city of Azna, the capital of Azna County in Lorestan Province.
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Publish Date: 17/June/2019 | 11:46

Bureaucracy Blocking Iran’s E-Governance Initiatives

EghtesadOnline: While e-governance initiatives were to help downsize the government, the secretary of Iran’s IT Executive Council says that due to the bloated bureaucracy, these initiatives have not delivered the promised results and even made things worse.
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Publish Date: 17/June/2019 | 11:42

Araqchi: US Economic War Has Troubled Entire Region

EghtesadOnline: The economic war launched by the United States against the Iranian people has hit the security and stability of the entire Middle East, Iran's deputy foreign minister said.
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Publish Date: 17/June/2019 | 11:40