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Iran Currency Market Calm

EghtesadOnline: Foreign exchange rates declined on Thursday, after a week of flurry brought the US dollar close to the psychological level of 140,000 rials the previous day.
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Publish Date: 23/February/2019 | 15:02

Caspian Oilfield Development Not on NIOC Agenda

EghtesadOnline: Developing oilfields, especially in the Caspian Sea is not on the agenda of the National Iranian Oil Company. Therefore, Khazar Exploration and Production Company as a subsidiary of the NIOC has adopted the same policy, said the managing director of KEPCO.
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Publish Date: 23/February/2019 | 15:00

Iran's Non-Oil Trade With EU Tops $8.5 Billion in 10 Months

EghtesadOnline: Iran traded 6.73 million tons of non-oil commodities worth $8.57 billion with member states of the European Union during the first 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register a 15.52% and 18.76% decline in tonnage and value respectively compared with last year’s corresponding period.
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Publish Date: 23/February/2019 | 14:57

FATF Extends Suspension of Iran Countermeasures Until June

EghtesadOnline: The anti-money laundering body, the Financial Action Task Force announced on Friday that it has extended the suspension of countermeasures against Iran for another four months, recognizing the country's efforts in meeting its Action Plan.
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Publish Date: 23/February/2019 | 14:53

Iran's Consumer Inflation at 42.3% YOY

EghtesadOnline: The goods and services Consumer Price Index in Iran saw a year-on-year increase of 42.3% in the Iranian month of Bahman (Jan. 21-Feb. 19) compared with the similar month of last year, the Statistical Center of Iran reported.
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Publish Date: 23/February/2019 | 14:44

Economic Hardships Take a Toll on Iranian Startups

EghtesadOnline: Major Iranian online marketplace Bamilo announced Wednesday that the firm has been forced to cut jobs and downsize due to economic hardships and falling revenues.
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Publish Date: 23/February/2019 | 14:42

New CEO at MTN-Irancell

EghtesadOnline: Bijan Abbasi Arand was appointed CEO of major mobile operator MTN-Irancell on Wednesday, replacing Alireza Ghalambor Dezfouli.
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Publish Date: 23/February/2019 | 14:40

Pelosi: Trump Administration Wrong on Iran

EghtesadOnline: US House Speaker Nancy Pelosi described the approach of US President Donald Trump's administration to Iran, including its policy on the country’s nuclear deal, as “completely wrong”.
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Publish Date: 20/February/2019 | 13:34

Iran's Non-Oil Trade With Neighbors Hits $30b

EghtesadOnline: Iran traded 57.28 million tons of non-oil commodities worth $29.96 billion with its 15 neighboring countries during the first 10 months of the current fiscal year (March 21, 2018-Jan. 20) to register a 34.34% decline in tonnage and 3.49% growth in value compared with last year’s corresponding period.
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Publish Date: 20/February/2019 | 13:31

Banks Lend $42 Billion in 10 Months

EghtesadOnline: In the first ten months of the current fiscal to January 20, lenders granted 5,380 trillion rials ($ 42 billion) in loans, up 757 trillion rials ($6 billion) compared to the same period in the previous fiscal – a 16.4% growth.
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Publish Date: 20/February/2019 | 13:29

Car Prices Shot Up Again in Iran

EghtesadOnline: After few weeks of relative stability in the chaotic car market, prices have shot up again reaching unprecedented highs leaving the people more perplexed than ever.
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Publish Date: 20/February/2019 | 13:28

Ardakanian Underscores EEU Membership

EghtesadOnline: Joining the Eurasian Economic Union will help Iranian energy companies expand in the region. To achieve the goal, closer cooperation is crucial between the government and the Iran Chamber of Commerce, Industries, Mines and Agriculture, the energy minister said Tuesday.
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Publish Date: 20/February/2019 | 13:25

UNICEF to Invest in Tech Startups

EghtesadOnline: The UNICEF Innovation Fund is set to make up to $100,000 equity-free investments in early stage (seed) technology startups that have the potential to benefit humanity.
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Publish Date: 20/February/2019 | 13:20

Iran Parliament Allows Gov’t to Borrow $30b Overseas

EghtesadOnline: While debating the March 2019-20 budget bill on Monday, lawmakers allowed the government to borrow $30 billion in foreign finance in the next fiscal (March 2019-20).
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Publish Date: 19/February/2019 | 11:49

Currency Rates Climb in Tehran Market

EghtesadOnline: The US dollar crossed another psychological threshold in Tehran on Monday with price pressures increasing as the end of the Iranian fiscal year approaches in March.
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Publish Date: 19/February/2019 | 11:43

35,000 Barrels of Crude Oil Sold on IRENEX

EghtesadOnline: The fifth round of crude oil offer on Iran Energy Exchange ended Monday with only one cargo (350,000 barrels) out of the one million offer sold on the stock market.
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Publish Date: 19/February/2019 | 11:38