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Hemmati Sees Positive Side of Things

EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati says by implementing the tenets of the Resistance Economy in the new fiscal year (started March 21), the country can reduce the negative impact of unilateral US sanctions on the economy.
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Publish Date: 06/April/2019 | 15:03

IME Trading Shows 52% Growth in Last Fiscal

EghtesadOnline: The total value of Iran Mercantile Exchange trading in the previous fiscal (March 2018-19) rose 52% compared to the earlier year to reach 1,786 trillion rials ($13.5 billion).
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Publish Date: 06/April/2019 | 15:01

Torrential Rains Fill 70% of Iran Dams

EghtesadOnline: Unprecedented rainfall in the past three weeks across the country has raised water levels in dams and 70% of the dams are now full, the energy minister said.
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Publish Date: 06/April/2019 | 14:57

Iran Installed Power Capacity to Reach 85 GW

EghtesadOnline: Installed power generation capacity will reach 85,000 megawatts by the end of the current fiscal (started March 21), head of Thermal Power Plants Holding Company said.
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Publish Date: 06/April/2019 | 14:56

Iran's Mineral Trade Surplus Tops $5b

EghtesadOnline: Iran's trade in mineral products recorded a surplus of $5.05 billion during the 11 months to Feb. 19.
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Publish Date: 06/April/2019 | 14:54

UniCredit Near $900m Deal With US Over Iran Sanctions

EghtesadOnline: UniCredit SpA is nearing an agreement with US authorities over allegations that the bank provided dollar-clearing services to Iranian clients in violation of US sanctions, people with the knowledge of the matter said.
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Publish Date: 06/April/2019 | 14:53

Iran Floods Cause Half a Billion Dollar Damage to Agriculture, Roads

EghtesadOnline: Heavy raining and floods sweeping across much of Iranian provinces during Nowruz holidays are estimated to have caused about $470 million to the country’s agriculture and roads infrastructures ($350 million and around $120 million respectively).
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Publish Date: 06/April/2019 | 14:50

Rise in Electricity and Water Tariffs in Iran

EghtesadOnline: A proposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported.
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Publish Date: 06/April/2019 | 14:44

Iran’s ‘Flipping Filip’ Wins IMGA Award

EghtesadOnline: Iranian mobile game Flipping Filip, shortlisted for the 15th International Mobile Gaming Awards (IMGA Global), has earned the "Jury's Honorable Mention" award.
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Publish Date: 06/April/2019 | 14:42

Call for Boosting Production in New Year

EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has named the new Iranian year, which began on March 21, the year of "Boosting Production" to help shore up Iran's sanctions-hit economy without reliance on other countries.
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Publish Date: 06/April/2019 | 14:39

Classic Car Rallies in Tehran and Alborz

EghtesadOnline: A daylong rally of vintage cars was held in Tehran and Alborz provinces on Sunday by the Touring and Automobile Club of Iran.
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Publish Date: 19/March/2019 | 24:20

Call for Broadening European Use of INSTEX

EghtesadOnline: Iran’s trade with the European Union through the special purpose vehicle, which is aimed at bypassing American sanctions, should not be restricted to the three founders of the mechanism and must be expanded to all EU states, a lawmaker said.
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Publish Date: 19/March/2019 | 24:18

Stronger Trade With Neighbors Should Take Precedence

EghtesadOnline: Iranian leaders should pursue deeper economic ties with neighboring countries, particularly Iraq, instead of obsessing over a European trade vehicle conceived as a way to avert US sanctions against Tehran, an economic analyst said.
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Publish Date: 19/March/2019 | 24:16

Investor Optimism Lifts Stock Market

EghtesadOnline: Iran's main stock index rose to its highest level in five months on Monday, led by the material sector, as investor sentiment was lifted by robustness of the global economy and high foreign exchange rates in Iran.
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Publish Date: 19/March/2019 | 24:14

Businesses Decry Self-Imposed Sanctions

EghtesadOnline: The Majlis Research Center, the research arm of the parliament, has published the results of three meetings with representatives from the private sector and business owners in the country. The report covers major hurdles from the perspective of businesses.
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Publish Date: 19/March/2019 | 24:08

Half of Iran's 'Non-Oil' Exports Petroleum-Based

EghtesadOnline: Some 50% of Iran’s "non-oil" exports actually consist of petroleum-based products and petrochemicals that either directly or indirectly come from the oil industry.
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Publish Date: 19/March/2019 | 11:51

Belgium Eager to Maintain Trade Ties With Iran

EghtesaadOnline: European countries, other than the founders of INSTEX, namely France, Germany and the UK, are willing to join the special purpose vehicle that facilitates trade with Iran, the economic and commercial counselor of Belgian Embassy in Iran said.
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Publish Date: 19/March/2019 | 11:47

Road Safety First

EghtesadOnline: H oping to help promote road safety and spread public awareness during the annual Norouz holiday season (March 20-April 2), the Iranian Red Crescent Society has launched an online campaign that has gone viral.
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Publish Date: 19/March/2019 | 11:04