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Currency, Gold Decline in Iran

EghtesadOnline: Foreign exchange rates dropped below the psychological level of 130,000 rials on Monday as markets prepared for relative stability before the fiscal year is out on March 20.
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Publish Date: 05/March/2019 | 13:23

Renewed Alarm Over Water Crisis in Iran

EghtesadOnline: The water crisis in Iran is a serious concern and neglecting the issue will have irreversible consequences, said the head of Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran, Monday.
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Publish Date: 05/March/2019 | 13:17

Amano: Tehran Still Complying With JCPOA

EghtesadOnline: The UN nuclear chief once again confirmed Iran’s adherence to its obligations under its nuclear deal with major powers, known as the Joint Comprehensive Plan of Action.
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Publish Date: 05/March/2019 | 13:11

Preliminary Results of Iranian Chambers of Commerce Elections Out

EghtesadOnline: Preliminary results of the ninth round of quadrennial elections of Iranian chambers of commerce show 16,412 economic players have chosen their representatives for 33 provincial commerce chambers (except for Bandar Abbas).
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Publish Date: 05/March/2019 | 13:09

Leader Favors Diplomatic Engagement With World

EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei favors further diplomatic engagement with the world, but has asked the country’s officials not to pin their hopes on Europeans to help resolve domestic economic woes.
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Publish Date: 05/March/2019 | 13:07

Iran: Home, Land, Rent Prices Increase as Deals Decline in Q3

EghtesadOnline: The Statistical Center of Iran has published its latest report on home and land prices in addition to rents, which indicates a significant rise across urban areas during the third quarter of the current fiscal year (Sept. 23-Dec. 21, 2018), marking the autumn in Iran.
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Publish Date: 03/March/2019 | 11:54

5 Armed Forces-Linked Banks to Merge

EghtesadOnline: The Central Bank of Iran said Saturday that plans for merging five banks and credit institutions affiliated to armed forces with the state-owned Bank Sepah is in motion.
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Publish Date: 03/March/2019 | 11:52

Tons of Imported Auto Parts Stuck in Iran Customs

EghtesadOnline: An estimated 10,000 containers of imported auto parts are stuck in Iranian customs warehouses ostensibly because local automotive companies Iran Khodro and SAIPA are unable or unwilling to get clearance for the goods.
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Publish Date: 03/March/2019 | 11:49

Iran Expediency Council Again Delays Vote on Palermo Bill

EghtesadOnline: The constitutional arbiter Expediency Council again was unable to reach a decision on a bill that endorses Iran's accession to the UN Convention on Transnational Crime, commonly known as the Palermo bill.
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Publish Date: 03/March/2019 | 11:46

Iran: Electronic Distribution of Subsidized Currency Approved

EghtesadOnline: In a highly anticipated parliamentary decision on Saturday, lawmakers ratified an amendment to the next year’s (March 2019-20) budget bill which obliges government to allocate $14 billion subsidized foreign exchange in the form of "electronic coupon."
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Publish Date: 03/March/2019 | 11:44

Iran Records €550m Surplus in €18.3b Trade With EU in 2018

EghtesadOnline: A total of €18.39 billion worth of commodities were traded between Iran and the European Union member states in 2018, registering a 12.2% decline compared with the value of commercial exchanges in the previous year, the latest Eurostat data published on its website show.
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Publish Date: 03/March/2019 | 11:41

Loans for Rooftop Photovoltaic Systems in Rural Households

EghtesadOnline: The Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill, on Saturday approved the $500 million government-proposed funding for expanding rooftop photovoltaic systems in the next fiscal (March 2019-20).
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Publish Date: 03/March/2019 | 11:36

SEO Deputy: Capital Market Worth $66b

EghtesadOnline: Saeed Fallahpour, a board member of the Securities and Exchange Organization and a deputy of the SEO Supervision of Financial Institutions said Saturday that the value of Iran's four bourses ( Tehran Stock Exchange, Iran Fara Bourse, Iran Mercantile Exchange and Iran Energy Exchange) has reached 9,000 trillion rials ($66.6 billion ).
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Publish Date: 03/March/2019 | 11:29

Student Robotic Contest in Tehran

EghtesadOnline: A national student robotic contest Roboticup 2019 opened Thursday at the Tehran University with the participation of more than a thousand elementary and high school students.
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Publish Date: 02/March/2019 | 24:18

Venezuela Model Not Applicable to Iran

EghtesadOnline: The United States is adopting hostile policies toward both Iran and Venezuela but the model it is using for the Latin American country is not applicable to Tehran, given the economic, geopolitical and domestic structural differences between the two oil-rich countries, an analyst said.
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Publish Date: 02/March/2019 | 24:15

Apple Crackdown Renders Iran iOS Apps Useless

EghtesadOnline: Apple Inc. crackdown on misuse of its enterprise developer certificates has taken a toll on Iranian startups offering services through iOS apps.
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Publish Date: 02/March/2019 | 24:12

Tehran to Host INSTC Forum This Week

EghtesadOnline: The 7th Coordination Committee Forum and 8th Specialists’ Forum of the International North-South Transport Corridor is scheduled to be held on March 4 and 5 in Tehran’s Parsian Evin Hotel.
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Publish Date: 02/March/2019 | 24:08

Iran's International Steel Output Ranks 10th in Jan.

EghtesadOnline: Iranian steel mills produced a total of 2.23 million tons of crude steel in January 2019, down 2.6% compared with last year’s corresponding period, the latest report released by the World Steel Association shows.
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Publish Date: 02/March/2019 | 24:06