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Mapna Says Inactive Power Plants is Bad News

EghtesadOnline: In summer electricity generation reaches its peak in all power plants across the country. However, after the hot season is over, hardly 30% of the power stations operate, the managing director of Mapna Group said.
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Publish Date: 18/May/2019 | 11:21

Ex-Minister Advocates Rationing of Essential Goods

EghtesadOnline: Rationing of essential goods is a less corruption-inducing approach in the current economic situation facing Iran, says Mostafa Hashemitaba, a veteran politician who served as industries minister for three years during the 1980-88 Iraq-imposed war.
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Publish Date: 18/May/2019 | 11:18

Iran's Azar Oilfield Output to Reach 65,000 bpd

EghtesadOnline: O​il production from Azar Oilfield is projected to reach 65,000 barrels per day in the second half of current fiscal that started in March, said the director of projects at the Oil Industries Commissioning and Operation Company.
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Publish Date: 18/May/2019 | 11:11

Iran Fortifying Cyber Defenses

EghtesadOnline: By deploying a homegrown firewall, Iran is fully prepared to fend off Stuxnet-like cyberattacks, says ICT Minister Mohammad Javad Azari Jahromi.
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Publish Date: 18/May/2019 | 11:10

Iran's Mineral Trade Surplus Tops $320m

EghtesadOnline: Iran's trade of mineral products recorded $323.33 million in surplus during the first month of the current fiscal year (March 21-April 20).
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Publish Date: 18/May/2019 | 11:08

Iran's Foreign Trade Conducted Mainly in Euro, Yuan

EghtesadOnline: Euro and the Chinese yuan topped the Central Bank of Iran's list of subsidized currencies allocated for imports in the past 13 months, with USD at the bottom of the list.
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Publish Date: 18/May/2019 | 11:06

Iran: More Import Bans Expected

EghtesadOnline: The import of 1,339 commodities was banned last year and plans are to add more to the list.
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Publish Date: 18/May/2019 | 11:04

$18.7b of Iran's Export Earnings Repatriated Last Year

EghtesadOnline: In the previous fiscal (March 2018-19) exporters repatriated $18.7 billion of their export earnings to the country, the Central Bank of Iran Governor Abdolnasser Hemmati wrote in an Instagram post Friday.
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Publish Date: 18/May/2019 | 11:02

USDA Forecasts Growth in Iranian Wheat Output

EghtesadOnline: Iran is estimated to produce 14.5 million tons of wheat during the fiscal 2018-19 (US local marketing year), to indicate a 3.57% rise compared with the year before, the United States Department of Agriculture's latest report shows.
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Publish Date: 14/May/2019 | 24:05

Citizenship Through Iranian Mother Approved

EghtesadOnline: The Iranian Parliament on Monday overwhelmingly passed a bill that grants citizenship rights to children born to an Iranian mother and a foreign father.
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Publish Date: 14/May/2019 | 24:03

Iraq Seeks Balanced Ties With Iran, US

EghtesadOnline: Iraqi President Barham Salih emphasized Baghdad's desire for balanced relations with both Iran and the United States, despite the strong antagonism between the two countries.
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Publish Date: 14/May/2019 | 24:02

Call for Probing "Worrisome" Ship Attacks Near UAE

EghtesadOnline: Iran on Monday expressed concerns over incidents involving ships off the coast of the UAE and called for vigilance against any plot to destabilize the region.
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Publish Date: 14/May/2019 | 11:57

Mazut Worth $26m Offered as Forward Contract

EghtesadOnline: Over 68,000 standard parallel Salaf (forward) securities for fuel oil (mazut) worth 4 trillion rials ($26.8 million) was offered Monday by the National Iranian Oil Company on the Derivative Market of Iran Energy Exchange.
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Publish Date: 14/May/2019 | 11:55

700,000 Jobs Threatened in Iran Auto Industry

EghtesadOnline: If the Iranian government does not offer the local auto industries an aid package to the tune of 70 trillion rials ($466 million) soon, over 700,000 workers employed in the key sector will join the dole queue, the secretary of Iran Auto Parts Manufacturers Association claimed.
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Publish Date: 14/May/2019 | 11:51

Iranian Ports Handle Over 11m Tons of Goods in 1 Month

EghtesadOnline: Iran’s 21 major ports loaded and unloaded 11.79 million tons of commodities in the first month of the current Iranian year (March 21-April 20) to register a 5.8% decline compared with the corresponding period of last year.
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Publish Date: 14/May/2019 | 11:46

Iran's Housing Inflation Well Below Average CPI Growth

EghtesadOnline: The consumer price index for the housing sector registered a year-on-year increase of 24.8% in the first Iranian month (March 21-April 20) compared with the similar month of last year.
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Publish Date: 14/May/2019 | 11:42

EU Explores Ways to Keep Nuclear Deal Afloat

EghtesadOnline: European foreign ministers and EU foreign policy chief, Federica Mogherini, met on Monday in Brussels, Belgium, to thrash out ways to keep the 2015 Iran nuclear deal alive, following the United States' unilateral withdrawal from the deal, reimposition of sanctions against Iran and intensification of tensions by deploying military vessels to the Persian Gulf.
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Publish Date: 14/May/2019 | 11:40