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Banks Need to Shift Focus on High-Tech

EghtesadOnline: A recent study estimates that information technology investment barely accounts for 1.73% of Iran ian banks' annual spending. This is while a sharper focus on the key sector can and will boost profitability of lenders.
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Publish Date:05/July/2021 | 24:51

Iran -Turkey January-May Trade Doubles to $1.7b

EghtesadOnline: Iran and Turkey registered $1.78 billion in bilateral trade during the first five months of 2021, 102% higher than the same period of last year.
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Publish Date:05/July/2021 | 24:46

Carpet Exports Gaining Momentum

EghtesadOnline: Handmade carpet exports stood at 366.9 tons worth $4.8 million in the first two months of fiscal 2021-22 (March 21-May 21), registering a 275.1% and 84% growth in weight and value respectively compared with the previous year’s corresponding period during which 97.8 tons worth $2.6 million were exported, according to statistics released by the Islamic Republic of Iran Customs Administration.
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Publish Date:05/July/2021 | 24:45

Economy in Recovery Mode

EghtesadOnline: The Central Bank of Iran says volatility in the currency market is ephemeral. In a press release published on its public relations website, it said “macroeconomic variables improved last year despite escalation in the US economic sanctions and outbreak of Covid-19.”
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Publish Date:05/July/2021 | 24:44

Iran Auto Output Drops in Q1

EghtesadOnline: Iran ’s automotive output decreased by 1.14% during the first three months of the current Iran ian year (March 21-June 21) compared to the year-ago period.
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Publish Date:04/July/2021 | 24:53

Covid-19 Delta Variant Spreads in Iran

EghtesadOnline: The highly contagious Delta variant of the coronavirus, first identified in India, has spread across Iran and triggered a jump in cases and hospitalizations, the National Coronavirus Headquarters announced.
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Publish Date:04/July/2021 | 24:51

Electricity Use at All-Time High

EghtesadOnline: Iran ’s electricity consumption reached an unprecedented record of 64,046 megawatts on Tuesday, the highest since keeping records started nearly a century ago.
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Publish Date:01/July/2021 | 19:23

IRENEX and FEZs to Boost Cooperation

EghtesadOnline: A memorandum of understanding was signed on Tuesday by heads of the Iran Energy Exchange (IRENEX) and the High Council of Free Trade and Special Economic Zones to boost cooperation.
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Publish Date:01/July/2021 | 19:22

IME to Launch Gold-Backed Futures

EghtesadOnline: Iran Mercantile Exchange will soon launch futures contracts backed by gold exchange-traded funds, the IME deputy head for market development said.
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Publish Date:01/July/2021 | 19:21

Largest Student Contest Amid Pandemic

EghtesadOnline: Iran began holding its largest university entrance exam on Wednesday morning amid concerns over a recent spike in Covid-19 cases and hospitalizations.
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Publish Date:01/July/2021 | 19:18

IRENEX and FEZs to Boost Cooperation

EghtesadOnline: A memorandum of understanding was signed on Tuesday by heads of the Iran Energy Exchange (IRENEX) and the High Council of Free Trade and Special Economic Zones to boost cooperation.
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Publish Date:30/June/2021 | 24:32

IME to Launch Gold-Backed Futures

EghtesadOnline: Iran Mercantile Exchange will soon launch futures contracts backed by gold exchange-traded funds, the IME deputy head for market development said.
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Publish Date:30/June/2021 | 24:28

Another Covid-19 Peak Looming

EghtesadOnline: Iran braces for a fifth wave of the coronavirus pandemic as cases and hospitalizations soar and health authorities urge vigilance to curb transmission rates.
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Publish Date:30/June/2021 | 11:46

Q1 Tax Revenues Up 70% to $2.3b

EghtesadOnline: The Iran ian National Tax Administration earned 590 trillion rials ($2.37 billion) in the first quarter of the current fiscal year (March 21-June 21), registering a 70% growth compared with the same period of last year.
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Publish Date:30/June/2021 | 11:45

Oil Drifts Near 2018 Highs

EghtesadOnline: Oil prices hit and then recoiled from highs last seen in October 2018 on Monday, as investors eyed the outcome of this week's OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iran ian oil exports.
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Publish Date:29/June/2021 | 11:53

Drought Ruins Nomadic Livelihood

EghtesadOnline: Drought is estimated to have inflicted losses worth $258.33 million on 34 million hectares of Iran ’s nomadic pastures in the fiscal 2021-22, according to the Nomads Affairs Organization of Iran .
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Publish Date:29/June/2021 | 11:49

IRICA: 523% Increase in Drug Confiscations

EghtesadOnline: Drug seizures by the Islamic Republic of Iran Customs Administration over the first quarter of the current year (March 21-June 21) increased by 523% compared with the same period of last year.
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Publish Date:28/June/2021 | 10:57

Iran Could Become Covid Vaccine Exporter

EghtesadOnline: During an event celebrating the launch of clinical trials for a sixth local Covid-19 vaccine, Health Minister Saeed Namaki on Sunday said Iran could begin exporting Covid-19 vaccines in a few months after enough of its population is immunized against the viral infection.
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Publish Date:28/June/2021 | 10:46