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Iran 's Top Insurer Expanding Frontiers

EghtesadOnline: Iran Insurance Company, the largest and the only state-owned insurance company in Iran , is planning to increase its capital to 110 trillion rials ($817 million) before the current fiscal year ends in March, the company CEO said.
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Publish Date:09/February/2020 | 11:42

Iran Literacy Rate at 96%

EghtesadOnline: The rate of literacy among Iran ians of ages 10 to 49 has reached 96% in the current Iran ian year (ending March 19, 2020), indicating a 1.3% growth compared with the year ending March 2017, the head of Literacy Movement Organization said.
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Publish Date:08/February/2020 | 11:55

Swiss Payment Mechanism Does Not Impress

EghtesadOnline: Tehran seems unimpressed and also pessimistic over the newly-created Swiss payment channel aimed at delivering humanitarian goods to Iran .
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Publish Date:08/February/2020 | 11:53

Bank Melli Lends $7 Billion in 10 Months

EghtesadOnline: Bank Melli Iran , the biggest state-owned lender, gave 952 trillion rials ($7.1 billion) in loans over ten months since the beginning of current fiscal year that ends in March.
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Publish Date:08/February/2020 | 11:51

Utility Struggles to Cut Non-Revenue Water

EghtesadOnline: It is estimated that 600 million cubic meters of water is wasted in the country every year. From this colossal malfunction the loss of 153 mcm (non-revenue water) cannot be avoided, head of the customer department at the National Water and Wastewater Engineering Company (Abfa) said.
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Publish Date:08/February/2020 | 11:50

Trump Deal a Palestinian Rallying Cry Against Israel

EghtesadOnline: Taking measures against US President Donald Trump’s outrageous Middle East ploy could help foster solidarity among Palestinian movements, Iran ’s ambassador to Kuwait said.
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Publish Date:08/February/2020 | 11:49

Tehran Stocks Surge 1.3%

EghtesadOnline: Tehran Stock Exchange and Iran Fara Bourse closed trading week in positive territory on Wednesday, riding on the power of fresh liquidity and increasing number of new investors who compete to make gains from the highly lucrative stock market.
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Publish Date:08/February/2020 | 11:42

Cigarette Smuggling Declines

EghtesadOnline: The Ministry of Industries, Mining and Trade estimates that 8.67 billion cigarettes were smuggled into Iran during the nine months to Dec. 21, 2019, indicating a 43.5% decline compared with the figure estimated for the similar period of the year before.
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Publish Date:08/February/2020 | 11:40

Chinese Fishing Trawler Seized in Southeast Waters

EghtesadOnline: A Chinese fishing trawler smuggling 50 tons of lanternfish (or myctophids) worth 20 billion rials ($148,698) was seized in the southeastern port of Jask, Hormozgan Province, on the Makran Coast.
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Publish Date:08/February/2020 | 11:39

ICT Upgrade Projects Become Operational in South Khorasan

EghtesadOnline: In line with the government's efforts to upgrade ICT infrastructure throughout Iran , several projects worth 691 billion rials ($5.1 million) were inaugurated in South Khorasan Province.
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Publish Date:08/February/2020 | 05:59

Dairy Exports Set to Reach 1m Tons in March

EghtesadOnline: Iran ’s exports of dairy products would reach 1 million tons by the end of the current Iran ian year (March 19), says Deputy Agriculture Minister Morteza Rezaei.
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Publish Date:05/February/2020 | 24:14

Qeshm Exports Earn $21m in 10 Months

EghtesadOnline: Qeshm, the largest island in Persian Gulf, exported 1,975 tons of commodities worth $21 million during the first 10 months of the current Iran ian year (March 21, 2019-Jan. 20) to register a 237% and 568% growth in tonnage and value respectively compared with last year’s corresponding period.
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Publish Date:05/February/2020 | 24:11

TCCIM Conference to Focus on Economic Ties With India

EghtesadOnline: Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold a conference entitled "Reviewing Ways to Promote Iran -India Business-Economic Relations" on Feb. 17.
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Publish Date:05/February/2020 | 24:05

Iran to Ban Exports of Face Masks

EghtesadOnline: The Ministry of Health and Medical Education’s request to ban the export of cotton face masks was agreed upon by the Market Regulation Headquarters on Monday.
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Publish Date:05/February/2020 | 11:50

Solar Rooftops Will Augment Income of Deprived Families

EghtesadOnline: A total of 2,000 rooftop photovoltaic panels, each with a capacity of 5 kilowatts, will be set up for underprivileged families in North Khorasan Province by the end of the next fiscal (March 2021), managing director of North Khorasan Electric Distribution Company said.
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Publish Date:04/February/2020 | 13:22

Trump Mideast Ploy Endangers International Peace, Security

EghtesadOnline: US President Donald Trump’s so-called “deal of the century” on the Palestinian-Israeli conflict is a unilateral proposal that is detrimental to global peace and security and sets a dangerous precedent in international relations, Iran ’s former envoy to the Organization of Islamic Cooperation said.
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Publish Date:04/February/2020 | 13:21

Industrial Chicken Farms’ PPI Inflation at 42% in Q3

EghtesadOnline: The average Producer Price Index for industrial chicken farms in the third quarter of the current Iran ian year (Sept. 23-Dec. 21, 2019) increased by 42.23% compared with last year's corresponding quarter.
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Publish Date:04/February/2020 | 13:15

Spring Fairs in Late February

EghtesadOnline: Spring fairs will be held in late February across the country, deputy industries minister Hossein Modarres Khiyabani said.
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Publish Date:04/February/2020 | 13:14