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$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 Iranian 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 Iranian Hand-Woven Carpets

EghtesadOnline: Iran exported $176 million worth of hand-woven carpets during the first seven months of the current Iranian 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

Iranian Tire Companies Want Higher Prices

EghtesadOnline: Iran Tire Industry Association has sent a note to the Ministry of Industries and the Consumers and Producers Protection Organization demanding local manufacturers be allowed to raise prices by 30%.
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Publish Date: 04/December/2018 | 10:58

Need to Rewrite Vehicle Emission Rules in Iran

EghtesadOnline: Vehicle emission rules are simply outdated and need to be rewritten, the secretary general of the High Council of Traffic says.
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Publish Date: 04/December/2018 | 10:56

Iran's Iron Ore Pellet Output Sees 36% Rise

EghtesadOnline: Iran’s iron ore pellet output reached 21.24 million tons over the seven months since the beginning of the current year (March 21), which indicates a 36% increase compared to the same period of last year, the Ministry of Industries, Mining and Trade reported.
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Publish Date: 03/December/2018 | 24:54

Iranian Carmakers Stand Accused of Hoarding, Insider Trading

EghtesadOnline: Following the strange and extended delays in delivery of thousands of vehicles presold by domestic carmakers, would-be buyers and sections of the print media are openly accusing the state-affiliated companies of hoarding, market manipulation, and insider trading.
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Publish Date: 03/December/2018 | 24:49

Iran PPI Inflation at 63.3% Year-on-Year

EghtesadOnline: An increase of 63.3% was registered in the Producer Price Index in the Iranian calendar month of Aban (Oct. 23-Nov. 21) compared with the similar month of last year, the latest report released by the Central Bank of Iran shows.
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Publish Date: 03/December/2018 | 24:46