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Int'l Consortium to Invest $7b in Iran Petrochem Sector

EghtesadOnline: A consortium of Philippine and Chinese companies will help Iran complete its value chain in the petrochemical industry, National Petrochemical Company's deputy for investment said.
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Publish Date: 07/August/2018 | 09:43

Iran Tire Industry Wary of Market Volatility

EghtesadOnline: With tire importers grappling with government bureaucracy, which has hampered entry of goods and impeded the supply chain, tires are soon to go scarce and just like many other commodities their prices are certain to skyrocket in the coming days.
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Publish Date: 07/August/2018 | 09:37

Iran Budget Deficit Hits $6.5b

EghtesadOnline: Iran’s budget deficit came in bigger than expected in the first quarter of the current fiscal year (March 21-June 21) to reach 290.1 trillion rials ($6.59 billion), according to the Central Bank of Iran’s latest report.
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Publish Date: 07/August/2018 | 06:30

DRI Exports Banned

EghtesadOnline: The government has banned the export of direct-reduced iron to increase supply to local downstream plants.
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Publish Date: 07/August/2018 | 06:14

ATR Deliveries Prove EU’s Support for Businesses Against US Sanctions

EghtesadOnline: The Franco-Italian planemaker ATR Aircraft delivered five new ATR 72-600 planes to Iran Air on Saturday and the jets landed in Tehran a day later on Sunday, which move is interpreted by Iran Air's CEO as a proof of European Union’s ability to support businesses against unruly US sanctions.
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Publish Date: 06/August/2018 | 11:03

CBI Delivers Presold Gold Coins

EghtesadOnline: The Central Bank of Iran said on Saturday it has fulfilled its commitment of delivering the gold coins purchased by people during the presale scheme in the past few months.
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Publish Date: 06/August/2018 | 11:01

Iran Foreign Exchange and Gold Market Volatility Subsides

EghtesadOnline: Rial rebounded on Sunday, in anticipation of Central Bank of Iran Governor Abdolnasser Hemmati's announcement of the new plan to calm forex market volatility that has seen Iranian currency sink to a series of record lows.
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Publish Date: 06/August/2018 | 10:56

Low Water Bills Blamed for High Consumption

EghtesadOnline: Iran will face widespread water shortage sooner-than-expected if water price is not adjusted, Energy Minister Reza Ardekanian said on Friday.
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Publish Date: 05/August/2018 | 13:23

Gold Demand at Four-Year High

EghtesadOnline: Iran’s gold bar and coin sales tripled to 15.2 tons in the second quarter of 2018, the highest in four years, the World Gold Council announced.
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Publish Date: 05/August/2018 | 05:26

Why Is Europe Underplaying Its Hand on Iran?

EghtesadOnline: Following US President Donald Trump’s May 8 decision to withdraw from the Joint Comprehensive Plan of Action, the United States has embarked on a “maximum pressure” campaign against Iran.
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Publish Date: 04/August/2018 | 04:15

Housing Market Beholden to Parallel Markets

EghtesadOnline: As Iran continues to battle a currency crisis mainly brought about by expectations of worsening international ties because of the reimposition of US sanctions, the country’s housing market has experienced extreme fluctuations, especially in terms of prices, and its future seems completely tied to currency developments in the coming months.
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Publish Date: 04/August/2018 | 04:12

India Crude Imports From Iran Increase 48 Percent

EghtesadOnline: India’s Ministry of Petroleum has announced that crude imports from Iran witnessed a massive jump this June in comparison to last year, disproving reports published by global research agencies that India had heavily cut down crude purchases from Iran due to American sanctions.
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Publish Date: 01/August/2018 | 09:53

Call for Banking Support to Scale Up Renewables

EghtesadOnline: The prospect of meeting a sizable share of electricity demand through renewables requires a stronger support by banking system, a senior energy official said.
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Publish Date: 01/August/2018 | 09:46

Smart Solution for School Management

EghtesadOnline: An Iranian startup named ‘Hamkelasi’ (literally means ‘classmate’) has unveiled a smart platform intending to facilitate schools’ management and students’ enrollment.
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Publish Date: 01/August/2018 | 09:32

Iran Climbs 32 Places in WB’s 2018 Logistic Performance Index

EghtesadOnline: Iran’s world ranking in the Logistic Performance Index improved 32 places within two years as, with the score of 2.85, the country was positioned at 64th place out of a total of 160 countries reviewed by the World Bank in its latest 2018 report.
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Publish Date: 31/July/2018 | 05:24

Iran: Cryptocurrency Legalization Likely in Near Future

EghtesadOnline: A conservative figure, who in the past voiced pessimism toward cryptocurrencies, has admitted that the decentralized phenomenon will “probably” be legalized in Iran in the foreseeable future.
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Publish Date: 31/July/2018 | 05:10

$136m Worth of Sukuk to Fund Road Maintenance in Iran

EghtesadOnline: The government has given the go-ahead to Road Maintenance and Transportation Organization to issue 6 trillion rials ($136 million) of Islamic debt securities to finance its operations.
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Publish Date: 31/July/2018 | 05:01