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Iran's Non-Oil Trade With CIS Up 28%

EghtesadOnline: Iran traded 4.31 million tons of non-oil commodities worth $2.24 billion with the nine members of the Commonwealth of Independent States, namely Russia, Azerbaijan, Kazakhstan, Armenia, Uzbekistan, Tajikistan, Kyrgyzstan, Belarus and Moldova, during the 10 months to Jan. 20.
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Publish Date: 17/March/2019 | 13:51

Russia Concerned About US Push to Scuttle JCPOA

EghtesadOnline: The United States’ actions aimed at preventing the implementation of the 2015 nuclear deal are a source of concern for all parties to the agreement, a senior Russian diplomat said.
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Publish Date: 17/March/2019 | 13:47

Iran: Economists Support Raising Minimum Wage, But With a Catch

EghtesadOnline: In Iran, private-sector wage discussions and bargaining between the representatives of employees and employers, as well as the government, which constitute the Supreme Labor Council, to agree upon the pay raise for each year usually start in mid-December and reach its peak in March.
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Publish Date: 16/March/2019 | 13:01

$41.5 Million for Tech Sector in Iran’s 2019-20 Budget

EghtesadOnline: The next fiscal budget (March 2019-29) has allocated 5.4 trillion rials ($41.5million) for the Vice Presidential Office for Science and Technology, up 11% compared to the funds made available in the outgoing year.
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Publish Date: 16/March/2019 | 24:59

Iran Gasoline Demand Seen at 110 million l/d

EghtesadOnline: Gasoline consumption is expected to rise by 22% in the Nowruz (Persian New Year) holiday season, managing director of the National Iranian Oil Products Distribution Company said Friday.
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Publish Date: 16/March/2019 | 24:55

Boeing 737 Max Banned From Iran Airspace

EghtesadOnline: Iran has banned Boeing 737 Max 8 and 9 from its airspace due to safety concerns raised following the deadly crash of an Ethiopian Airlines flight last week.
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Publish Date: 16/March/2019 | 24:50

Iran-India Forum Explores Avenues to Boost Business

EghtesadOnline: A joint forum titled “Potential for Expanding India-Iran Trade” was held at Iran Chamber of Commerce, Industries, Mines and Agriculture's headquarters in Tehran on Wednesday.
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Publish Date: 16/March/2019 | 24:40

Classic Cars on Show in Shiraz

EghtesadOnline: A vintage car show will be held at Pars Stadium in the southern city of Shiraz, Fars Province, on Friday and more than 200 vintage cars from across the country will be on display.
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Publish Date: 16/March/2019 | 24:35

US May Extend Iran Oil Sanctions Waivers

EghtesadOnline: The United States is likely to renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India, in exchange for pledges to cut combined imports to below 1 million barrels per day.
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Publish Date: 16/March/2019 | 24:30

Iran Power Sector Needs to Catch Up in Maintenance and Repairs

EghtesadOnline: More than 700,000 transformers are used in the domestic power distribution network and according to statistics one-third are worn out and need to be replaced, a member of Iran Electricity Industry Syndicate said.
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Publish Date: 16/March/2019 | 24:28

Digikala to Carry Out Stringent Quality Control

EghtesadOnline: After complaints about unoriginal and low quality products from the largest e-commerce store in Iran, Digikala, the company was compelled to take compensatory measures and implement stringent control over goods sold on its website, digikala.com.
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Publish Date: 13/March/2019 | 14:47

NIOC Selling $154m in Manfa’at Bonds

EghtesadOnline: CEO of the National Iranian Oil Company said Tuesday the state company will offer 20 trillion rials ($154 million) worth of Manfa’at bonds in two stages on March 13 and 16 on Iran Fara Bourse (junior stock market for securities and other financial instruments in Tehran).
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Publish Date: 13/March/2019 | 14:45

TCCIMA Again Demands End to Forex Subsidy

EghtesadOnline: Further to its persistent calls for transparency and doing away with the controversial subsidy schemes, Tehran Chamber of Commerce, Industries, Mines and Agricultures called on the government to unify the multiple currency rates, which it said has created a hotbed for corruption and rent-seeking.
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Publish Date: 13/March/2019 | 14:38

Oil Ministry Denies Ex-President’s Claims

EghtesadOnline: Dismissing allegations by former president Mahmoud Ahmadinejad over mismanagement in the energy sector, the Oil Ministry said despite difficulties created due to the new US economic sanctions, revenues from oil exports have been received by the treasury.
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Publish Date: 13/March/2019 | 14:35

Per Fischer in Tehran: Talks on Ways to Enforce INSTEX

EghtesadOnline: President of Europe's Special Purpose Vehicle known as INSTEX, Per Fischer, is in Tehran to attend talks between Iranian authorities and representatives from France, Germany, Britain, and the European Union on how to best implement the payment channel.
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Publish Date: 13/March/2019 | 14:29

$69m in Loans to Iranian Tech Companies

EghtesadOnline: The government-backed Innovation and Prosperity Fund (NSFund) has allocated 9 trillion rials ($69 million) in loans to support knowledge-based firms and technology companies.
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Publish Date: 13/March/2019 | 14:23