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Iran’s Crypto Blueprint on Track

EghtesadOnline: Informatics Services Corporation, the principal entity in charge of designing Iran's national cryptocurrency, has announced new details about the nascent currency's blueprint.
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Publish Date: 28/August/2018 | 06:30

Private Sector Offers Helping Hand to Knowledge-Based Companies

EghtesadOnline: The Iranian government is a step closer to achieving its long-sought objective of involving the private sector in the startup and knowledge-based ecosystem with the inauguration of a privately-owned technology park branded as Tehran Innovation Factory.
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Publish Date: 27/August/2018 | 09:23

Inflation Galloping Ahead

EghtesadOnline: Newly released Statistical Center of Iran’s figures show the Consumer Price Index registered a remarkable growth in the Iranian month of Mordad (July 22-Aug. 22).
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Publish Date: 27/August/2018 | 04:34

Parliament Finds Karbasian Unfit for Top Economic Job

EghtesadOnline: Parliament voted on Sunday to remove the economy minister ramping up pressure on the embattled president who has come under mounting criticism over his handling of the economy in the face of new US sanctions.
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Publish Date: 27/August/2018 | 04:28

Iran Handmade Carpet Exports Rise 21%

EghtesadOnline: Iran exported $100 million worth of hand-woven carpets during the first four months of the current fiscal year (March 21-July 22), registering an increase of 21.7% in value compared to last year’s corresponding period.
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Publish Date: 27/August/2018 | 04:17

Siemens Pulls Out of Iran

EghtesadOnline: German engineering conglomerate Siemens has announced it is drastically scaling back its business operations in Iran. It’s yet another German company to cave in after the United States reimposed sanctions on Tehran.
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Publish Date: 26/August/2018 | 24:45

Effects of Sanctions on Food Consumption of the Poor

EghtesadOnline: It is now clear that the purpose of US sanctions against Iran is to make its people miserable enough so they pressure their government to agree to US demands.
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Publish Date: 26/August/2018 | 05:42

Forex Trade Rises in Tehran on Back of Revised Policies

EghtesadOnline: Latest figures from transactions conducted in the Central Bank of Iran's online system for foreign currency deals as well as those handled by exchange shops show that both payment orders and cash deals have increased since the government revised its policies about three weeks ago.
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Publish Date: 26/August/2018 | 05:27

Central Bank of Iran Expected to Lift Crypto Ban

EghtesadOnline: When the Central Bank of Iran announces its new regulatory frameworks concerning virtual currencies, it is expected to lift a previous blanket ban on cryptocurrencies.
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Publish Date: 27/August/2018 | 04:13

Iran Cryptocurrency Document Drafted

EghtesadOnline: The draft of the document on the national Cryptocurrency has been prepared at the behest of President Hassan Rouhani, an official at the National Cyberspace Center said.
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Publish Date: 26/August/2018 | 05:25

Central Bank of Iran Sets Forex Deposit Terms

EghtesadOnline: The Central Bank of Iran on Saturday notified a directive to the banking system, which sets foreign currency deposit interest rates and doubles down on the previous promise of guaranteed returns.
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Publish Date: 26/August/2018 | 05:20

Top US Banks Against Iran SWIFT Embargo

EghtesadOnline: T wo top American financial institutions would not commit to cutting Iranian access to international financial markets, a cornerstone of the new anti-Iran sanctions of US President Donald Trump's administration.
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Publish Date: 26/August/2018 | 05:15

Iran Chamber of Commerce Urges FATF Compliance

EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture, the country's largest private sector group, has emphasized the necessity of Iran joining the inter-governmental Financial Action Task Force.
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Publish Date: 20/August/2018 | 04:34

No Plan to Undersell Petrochem Feedstock

EghtesadOnline: Although Indian investors have signaled their interest in petrochemical projects, they stress that gas feedstock prices offered by Iran is too expensive to let them clinch a final deal, National Petrochemical Company's deputy for investment said.
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Publish Date: 19/August/2018 | 07:26

Iran Auto Industry’s Facts and Figures

EghtesadOnline: During the first four months of the current fiscal which started in March, Iranian automakers manufactured 436,136 cars and commercial vehicles, down 0.1% from last year’s 436,413 units.
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Publish Date: 19/August/2018 | 07:23

Iranian Lawmakers Conclude Review of Central Bank Bill

EghtesadOnline: Members of the economic commission of Iran’s Parliament on Tuesday concluded the review of reform measures concerning the Central Bank of Iran, which is part of wider reforms aimed at overhauling the country’s ailing banking system.
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Publish Date: 12/September/2018 | 06:02

Iran: Interest Rate Growth Gathers Pace

EghtesadOnline: Two major banks have been allowed by the Central Bank of Iran to offer certificate of deposit (CD) at interest rates higher than the current ceiling, reinforcing months-long speculations that the regulator will raise interest rates.
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Publish Date: 19/August/2018 | 04:26