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Subsidies to Import Essential Goods Fail to Curb Price Hikes

EghtesadOnline: The rise in the retail prices of goods that used the government’s subsidized foreign currency at a rate of 42,000 rials per US dollar (about three times cheaper than the market rate) was no less than in other consumer goods.
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Publish Date:11/December/2018 | 11:12

Next Year's Budget 41% Bigger Than Current Year's

EghtesadOnline: The next fiscal year’s budget bill (March 2019-20) stands at 17,300 trillion rials ($15.04 billion), which puts it 41.5% more than the 12,225 trillion rials ($10.63 billion) approved for the current year.
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Publish Date:10/December/2018 | 10:32

Iran Moves to Minimize Damage From Avian Flu

EghtesadOnline: Iran ian poultry farms have been dealing with the deadly avian flu, especially the H5N8 strain of the virus, for several years now. The virus has done a number on Iran ’s poultry industry.
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Publish Date:10/December/2018 | 10:26

Iran Capital Market Willing to Host Real Estate Deals

EghtesadOnline: Head of the Security and Exchange Organization -the sole supervisory body in Iran 's capital market – said the capital market is ready to open new vistas to finance the housing sector using its own financial instruments.
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Publish Date:10/December/2018 | 10:21

Tehran Against Interference in Intra-Yemeni Talks

EghtesadOnline: The Foreign Ministry spokesman implicitly dismissed a report that Iran had requested to attend the ongoing Yemen peace talks in Sweden, stressing that “the nature of the negotiations is intra-Yemeni”.
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Publish Date:10/December/2018 | 10:14

$1.7b Fund to Help Expand Transport Network in Iran

EghtesadOnline: The government is mulling a national transportation development fund with an initial investment of 200 trillion rials ($1.75 billion), the Roads Minister Mohammad Eslami said.
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Publish Date:09/December/2018 | 24:08

Iran Inflation Increases at Slower Rate in November

EghtesadOnline: The latest data published by the Central Bank of Iran show that Iran ’s point-to-point inflation in November reached 39.9%, the highest level in the past five years.
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Publish Date:09/December/2018 | 24:03

Open Market Operations Predicted in Iran 's 2019 Budget Bill

EghtesadOnline: The mechanisms for implementing open market operations, as an effective measure to control and implement monetary and interest rate policies, have been included in next year’s (March 2019-20) budget bill, said the governor of Central Bank of Iran .
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Publish Date:09/December/2018 | 11:58

Eurasian Economic Union Finalizes FTZ Agreement With Iran

EghtesadOnline: A temporary agreement previously reached on the formation of a free trade zone with Iran has been finalized in a summit meeting of Eurasia Economic Union in St. Petersburg, Russia, Russian media report.
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Publish Date:08/December/2018 | 13:36

RoboCup Asia-Pacific 2018 Event in Kish Island

EghtesadOnline: Iran is hosting the second edition of the annual international robotics competition RoboCup Asia-Pacific (RCAP) 2018 in Kish Island off the Persian Gulf.
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Publish Date:08/December/2018 | 13:30

Iran Exempt from OPEC 1.2m bpd Output Cut

EghtesadOnline: OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share.
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Publish Date:08/December/2018 | 13:20

Iran Signs Multilateral Startup Deal with Russia, Azerbaijan, Turkey

EghtesadOnline: As per an agreement signed between Iran , Russia, Azerbaijan, and Turkey on the sidelines of Bakutel 2018, the four sides will establish startup centers with a joint investment of $2 million to expand technological collaboration.
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Publish Date:08/December/2018 | 13:00

Contest to Promote Iran ian Messenger Apps

EghtesadOnline: A nationwide mobile messenger application coding contest will bring together local programmers to demonstrate their capabilities. The event is an effort to promote the use of locally-developed apps and connect talented programmers with firms.
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Publish Date:05/December/2018 | 13:44

Iran 's Trade With 6 Persian Gulf States Tops $13 Billion

EghtesadOnline: Iran traded 27.4 million tons of non-oil commodities worth $13.84 billion with six Persian Gulf nations, namely Iraq, the UAE, Kuwait, Qatar, Bahrain and Saudi Arabia, during the first seven months of the current fiscal (March 21-Oct. 22) to register a 19.92% and 10.96% growth in tonnage and value respectively compared with last year’s corresponding period.
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Publish Date:05/December/2018 | 13:40

Decline in Exports of Iran ian Hand-Woven Carpets

EghtesadOnline: Iran exported $176 million worth of hand-woven carpets during the first seven months of the current Iran ian year (March 21-Oct. 22), which shows a 20% fall compared with the similar period of last year.
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Publish Date:04/December/2018 | 11:10

Car Imports Remain at Zero in Iran

EghtesadOnline: Informed sources say the ban on auto imports introduced in June by the government will be extended to the next fiscal year that begins in March.
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Publish Date:04/December/2018 | 11:04

Iran Majlis to Vote on Banking Reform Bills

EghtesadOnline: The Majlis speaker says reforms to the central bank law proposed by the government to overhaul the dysfunctional banking system has been reviewed in the relevant committees and is awaiting a final vote in the chamber.
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Publish Date:04/December/2018 | 11:01