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Banks Not Doing Enough to Help Exporters

EghtesadOnline: Head of the Export Guarantee Fund of Iran has criticized the poor performance of banks in supporting export-based companies, recalling that robust financial support for export companies is critical in the climate of hostile US economic sanctions.
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Publish Date:16/February/2020 | 05:33

Iran Accounts for 15% of Global Date Trade

EghtesadOnline: Iran exported more than 300,000 tons of dates in the last fiscal year (March 2018-19) to account for 15% of global trade of the crop, according to Agriculture Ministry official.
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Publish Date:16/February/2020 | 05:29

CNG Conversion Plan for 1.4m Vehicles

EghtesadOnline: National Iran ian Oil Refining and Distribution Company has launched an initiative to convert 1.4 million gasoline-powered vehicles (pickup trucks, taxis and vans) to compressed natural gas hybrids, director of the CNG office of NIORDC (a subsidiary of the National Iran ian Oil Company) said.
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Publish Date:16/February/2020 | 05:28

Yazd Power Use Growing in Leaps and Bounds

EghtesadOnline: Power consumption in Yazd Province with a population of around 1.2 million has risen 57 times over the last four decades, managing director of Yazd Regional Electricity Company said.
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Publish Date:16/February/2020 | 05:23

Tehran Stocks Rebound From Earlier Plunge

EghtesadOnline: Tehran stocks rebounded from a short-lived correction and pared previous session’s losses at the close of trading week on Wednesday.
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Publish Date:16/February/2020 | 05:16

Call for Syrian, Turkish Restraint in Idlib

EghtesadOnline: An Iran ian diplomat called on Syria and Turkey to exercise restraint, as tensions rose between the two countries over the situation in Syria’s northwest Idlib region.
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Publish Date:16/February/2020 | 05:15

43% Increase in Olive Production

EghtesadOnline: A total of 147,000 tons of olives have been produced on 92,000 hectares of plantations since the beginning of the current Iran ian year on March 21, 2019, to register a 43% year-on-year rise, according to the manager of “Olive Project” implemented by the Agriculture Ministry’s Horticulture Department.
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Publish Date:16/February/2020 | 05:14

Iran 's Next Transportation Budget at $872m

EghtesadOnline: A total of 118.18 trillion rials ($872.17 million) have been allocated for the transportation sector in the next fiscal year's (March 2020-21) budget bill, of which 95.3% will be spent on development projects and 4.7% on operating expenses.
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Publish Date:16/February/2020 | 05:11

NICICO Sales Top $1.3b in 10 Months

EghtesadOnline: The National Iran ian Copper Industries Company sold 183 trillion rials ($1.35 billion) worth of products during the 10 months to Jan. 20.
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Publish Date:16/February/2020 | 05:10

Forex, Gold in Tehran Moving Up

EghtesadOnline: Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial Action Task Force on Feb 21.
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Publish Date:15/February/2020 | 13:06

Tehran Stock Exchange Rises 157% in 11 Months

EghtesadOnline: The main index of Tehran Stock Exchange, TEDPIX, rose 280,420 points, or 156.9%, since the beginning of the current fiscal year that ends in March until the end of last trading session on Wednesday (Feb 12).
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Publish Date:15/February/2020 | 13:05

CNG Use Expanding

EghtesadOnline: Domestic compressed natural gas consumption has reached 25 million cubic meters a day, indicating 31% rise compared to the 19 mcm/d before gasoline was rationed and pump prices increased in mid-November.
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Publish Date:12/February/2020 | 10:51

Iran Fara Bourse Sells Gov’t Stake in Shiraz Oil Refinery

EghtesadOnline: The Iran ian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf of the National Iran ian Oil Refining and Distribution Company.
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Publish Date:12/February/2020 | 10:48

West Azarbaijan Exports Surpass $1.6b Since March

EghtesadOnline: West Azarbaijan Province has exported $1.69 billion worth of commodities since the beginning of the current fiscal year (March 21, 2019).
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Publish Date:10/February/2020 | 24:49

Tech Zone Opens in Isfahan

EghtesadOnline: In an effort to develop the domestic technology ecosystem, a tech zone has been launched in the central province of Isfahan early this week.
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Publish Date:10/February/2020 | 24:46

MP: Europe Sees Iran Ties Vital for Regional Interests

EghtesadOnline: Despite the US attempts to drive a wedge between Iran and Europe over the 2015 nuclear deal, the European powers set great store on Iran ’s significant regional role and, therefore, are incentivized to help preserve the landmark accord, a lawmaker said.
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Publish Date:10/February/2020 | 24:40

Plunge in Trade With US

EghtesadOnline: Iran ’s commercial exchanges with the US stood at $74.5 million in 2019 to register an 84.97% decline compared to the year before.
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Publish Date:10/February/2020 | 24:33

New Year Perks Determined

EghtesadOnline: The Cabinet has set 12 million rials ($88.8) in annual perks for government employees and pensioners paid before the onset of the Iran ian New Year with their salary for 11th month of the Iran ian year (Jan. 21-Feb. 19), Mehdi Qamsarian, the spokesman of Plan and Budget Organization said.
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Publish Date:10/February/2020 | 24:32

Lead, Zinc Ore Extractions Exceed 820K Tons

EghtesadOnline: Major Iran ian lead and zinc producers extracted a total of 821,905 tons of ores during the first 10 months of the current Iran ian year (March 21, 2019-Jan. 20) to register a decline of 12% compared with last year’s corresponding period, the Iran ian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
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Publish Date:10/February/2020 | 24:31