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US Pushing SWIFT to Disconnect Iran

EghtesadOnline: US treasury secretary, Steven Mnuchin has announced that his agency is currently negotiating with the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global financial messaging service that connects more than 11,000 banks in more than 200 countries, on disconnecting Iran from the network.
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Publish Date: 23/October/2018 | 08:02

Iran's National Export Day: Top Officials Discuss Traders' Obstacles

EghtesadOnline: The National Day of Exports was marked in Iran on Sunday in a ceremony attended by top government officials and major economic players and traders. According to Mojtaba Khosrotaj, the official at the helm of Trade Promotion Organization of Iran, 500 companies account for 82% of Iran's exports, IRNA reported.
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Publish Date: 22/October/2018 | 09:38

Iran: Port Services Offered at Cheaper Exchange Rates

EghtesadOnline: All Iranian exporters and importers can now employ cheaper foreign currency rates used in the government's system for registering trade when using maritime and port services.
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Publish Date: 21/October/2018 | 05:56

US Sanctions Listing Could Harm Humanitarian Trade With Iran

EghtesadOnline: US sanctions intended to squeeze an Iranian voluntary force may have consequences for humanitarian efforts in the country because of its targeting of a bank, lawyers and analysts say.
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Publish Date: 21/October/2018 | 05:54

US Sanctions Against Iran Ridicule Int'l Norms

EghtesadOnline: Foreign Ministry Spokesman Bahram Qasemi on Wednesday described the US’ fresh sanctions against banks and businesses as "psychological war" against the Iranian people.
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Publish Date: 20/October/2018 | 09:32

FATF Gives Iran Until February to Complete Reforms

EghtesadOnline: The international group that monitors money laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
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Publish Date: 20/October/2018 | 09:27

Iranian Bank Debts to CBI Rising at Alarming Rate

EghtesadOnline: Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a major factor behind the bulging liquidity and the galloping inflation.
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Publish Date: 20/October/2018 | 09:24

Iran Engine Oil Production Rises 24%

EghtesadOnline: A total of 214 million liters of engine oil were produced by Iran’s four major companies in the first half of the current Iranian year (March 21-Sept. 22), registering a 24% rise compared with the similar period of last year.
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Publish Date: 17/October/2018 | 06:25

NIOC Will Issue Manfa’ah Sukuk to Fund Projects

EghtesadOnline: Head of the National Iranian Oil Company said it will issue Islamic debt security Manfa’ah sukuk on the stock market by early next month.
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Publish Date: 17/October/2018 | 06:16

TEDPIX Ends Tuesday 1.24% Higher

EghtesadOnline: Tehran Stock Exchange’s main index gained 2,232.84 points or 1.24% on Monday to end trading at 182,834.3.
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Publish Date: 17/October/2018 | 06:12

Oil Trading Listed on Iran Energy Exchange

EghtesadOnline: Iran officially started spot oil trading on its energy exchange on Tuesday with the National Iranian Oil Company publishing a notice of offer on Monday, in which it outlined the terms and conditions of the trading mechanism.
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Publish Date: 17/October/2018 | 06:09

Impact of Volatile Forex Market on Iranian Tech Firms

EghtesadOnline: Vice President for Science and Technology Sorena Sattari says compared to other sectors, the recent volatility in the forex market has had a “slight” impact on knowledge-based firms. But businesses argue that the economic headwinds have led to a significant decline in demand for services, and when paired with increased overhead, have put companies under the cosh.
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Publish Date: 16/October/2018 | 09:30

Cars to Cost More in Iran

EghtesadOnline: Automakers will soon receive the okay from relevant authorities to increase prices once again, a deputy minister of industries said. Bad news that translates into a simple message for the common man: cars are gradually becoming luxury items most families cannot afford anymore.
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Publish Date: 16/October/2018 | 09:21

SMEs Account for 10% of Iran's Exports

EghtesadOnline: Small- and medium-sized enterprises account for just over 10% of Iran's total exports, according to Managing Director of small Industries Investment Guarantee Fund Mohammad Hossein Moqeiseh.
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Publish Date: 16/October/2018 | 06:13

Iran Mineral Trade Surplus Rises to $3.5 Billion

EghtesadOnline: Iran's trade surplus of mineral products increased notably to reach $3.5 billion at the end of the first half of the current fiscal year on Sept. 22, the latest official data show.
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Publish Date: 16/October/2018 | 06:12

Snapshot of Iran's Nomadic Economy

EghtesadOnline: The findings of the recent National Population and Housing Census show Iran’s nomad population is 1,186,830, of which 51.3% are men and the rest women.
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Publish Date: 15/October/2018 | 06:07