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Retail PMI Gets Monthly Boost

EghtesadOnline: Iran ’s Retail Purchasing Managers Index stood at 35.71 in the month ending Nov. 20 to register a 6% improvement compared with the previous month’s reading of 33.69, according to the Economy and Planning Department of Iran Chamber of Guilds’ latest report.
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Publish Date:05/January/2021 | 19:14

Airlines Call for Lifting Cap on Passenger Capacity

EghtesadOnline: The Association of Iran ian Airlines has sent a letter to President Hassan Rouhani seeking the termination of airlines’ obligation to sell tickets only up to 60% of planes’ total seating capacity for domestic flights.
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Publish Date:05/January/2021 | 19:13

NICICO Q1-3 Sales Rise by 93% to Hit All-Time High of $1 Billion

EghtesadOnline: The National Iran ian Copper Industries Company's sales reached a record high of 279.72 trillion rials ($1 billion) in the first three quarters of the current Iran ian year (March 20-Dec. 21), the company’s managing director said.
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Publish Date:05/January/2021 | 18:57

Q1-3 Exports to Iraq Hit $5.9b

EghtesadOnline: Iran exported 20.8 million tons of goods worth $5.9 billion to Iraq during the first nine months of the current Iran ian year (March 20-Dec. 20, 2020), registering a 15% decline in value compared with the similar period of last year.
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Publish Date:04/January/2021 | 18:36

Passenger Traffic Declines by 85% in Eight Months

EghtesadOnline: Atotal of 2,374,344 passengers (2,105,375 Iran ians and 268,969 foreign nationals) arrived in Iran during the eight months to Nov. 20, indicating an 85.35% decline compared with the corresponding period of last year, says Arezoo Ghanniyun, an official with the Islamic Republic of Iran Customs Administration.
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Publish Date:04/January/2021 | 18:35

Bond Buyers Skeptical

EghtesadOnline: The weekly bond auction held by the Central Bank of Iran tumbled on Tuesday after doing relatively well last week.
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Publish Date:01/January/2021 | 17:30

Iran Covid-19 Fatalities Top 55,000

EghtesadOnline: The daily death toll of 149 was reported by Iran ’s Health Ministry on Wednesday, taking the national fatality rate past the 55,000 mark.
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Publish Date:01/January/2021 | 16:39

43% of Houses in Iran Built Without Skeletal Structures

EghtesadOnline: Ten million out of 23 million residential buildings in Iran do not have skeletal frames, which accommodate between 30-35 million people, says the head of Engineering Seismology Department at Road, Housing and Urban Development Research Center.
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Publish Date:27/December/2020 | 17:03

Iran Air Refunds $1.2m Over Flight Cancellations

EghtesadOnline: Iran ’s flag carrier, Iran Air, has returned a total of 316.44 billion rials ($1.2 million) to customers over the cancellation of Covid-related flights, since the beginning of the current fiscal year (March 20).
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Publish Date:27/December/2020 | 16:55

Official Warns Against Mask Smuggling From China

EghtesadOnline: Field reports show facemasks from China are being smuggled into Iran via ports of entry such as Bandar Genaveh in the southern province of Bushehr and sold on social media like Telegram channels, a member of the oversight board of guild organizations said in a letter to Industries Minister Alireza Razm-Hosseini.
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Publish Date:26/December/2020 | 14:33

New Cash Payments for 40m Iran ians

EghtesadOnline: The government and the parliament have agreed upon a plan based on which 40 million Iran ians will receive financial support, Vice President for Economic Affairs Mohammad Nahavandian said recently.
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Publish Date:26/December/2020 | 14:31

35% of Targeted Subsidies Resources Not Realized

EghtesadOnline: Thirty-five percent of the resources estimated for the implementation of the Targeted Subsidies Law were not realized in the eight months to Nov. 20 due to the decline in oil revenues and lower domestic gasoline consumption following the outbreak of the new coronavirus and reduction in journeys, an official with the Plan and Budget Organization of Iran said.
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Publish Date:13/December/2020 | 18:13

Exports From Semnan Province Near $190m

EghtesadOnline: A total of 166,533 tons of commodities worth $189 million were exported from Semnan Province to 45 countries during the first eight months of the current Iran ian year (March 20-Nov. 20), showing a 9% decline and an 11% increase in weight and value respectively compared with the similar period of last year.
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Publish Date:08/December/2020 | 16:04

Travel Agencies on Verge of Bankruptcy Due to Covid-19

EghtesadOnline: Travel agencies suffered losses to the tune of 10 trillion rials ($38.5 million) in the first two months of the Covid-19 pandemic in Iran alone, of which 40% were due to the decline in domestic tourists and 60% by fall in the number of international tourists, says the head of Travel Agents Guild Association.
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Publish Date:08/December/2020 | 16:03

Cigarette Smuggling Increases by 8.9%

EghtesadOnline: A total of 7.58 billion cigarettes were smuggled into Iran during the seven months to Oct. 21, indicating an 8.9% increase compared with the corresponding period of last year.
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Publish Date:19/November/2020 | 15:36

Switzerland Expands Trade Relations With Iran

EghtesadOnline: The transport agreement with Switzerland, signed during a visit to Bern in 2018 by Iran ian President Hassan Rouhani, envisages the complete liberalization of goods transport and the removal of administrative barriers.
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Publish Date:19/November/2020 | 15:34

Huge Rise in Flu Vaccine Imports

EghtesadOnline: Over 38,184 kilograms of influenza vaccines worth $28 million were cleared from the Islamic Republic of Iran Customs Administration from the beginning of the current Iran ian year(March 20) to Nov. 9, indicating an increase of 70% in weight and 57% in value compared with the corresponding period of last year.
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Publish Date:18/November/2020 | 14:36