Iran
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14,000 Iranians Travel to Armenia for Vaccine
EghtesadOnline: More than 14,000 Iranians visited Armenia from June 22 to July 16, Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration said on Saturday.…
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Q1 Underemployment at 9.8%
EghtesadOnline: Underemployment, the condition in which people in a labor force are employed for less than 44 hours of service per week, stood at 9.8% in the first quarter of the current Iranian…
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5 Countries Account for 74% of Iranian Exports in 1st Quarter
EghtesadOnline: Iran’s exports to its top five destinations during the first three months of the current Iranian year (March 21-June 21) accounted for 74% of its total exports, according to the…
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Gov't Borrowing From Central Bank Rises 50%
EghtesadOnline: A Central Bank of Iran report said the government’s debt to the banking sector increased by 50.8% in the last fiscal year that ended in March.
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Iran-China 25-Year Cooperation Agreement:
EghtesadOnline: China and Iran signed a 25-year strategic cooperation agreement on March 27, 2021, which mainly addresses economic issues amid crippling US sanctions on Iran.
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Iran's Q1 Unemployment Rate at 8.8%
EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 15 and above, stood at 8.8% in the first quarter of the current Iranian year (March 21-June 21), indicating…
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Iran Receives Over 1 Million Doses of Covid Vaccine
EghtesadOnline: Iran on Thursday took delivery of more than one million doses of coronavirus vaccines.
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Iranian Tobacco Company Plans IPO, TSE Listing
EghtesadOnline: Iranian Tobacco Company will be listed on Tehran Stock Exchange in the near future.
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Land Subsidence Threat Overlooked
EghtesadOnline: Tehran is losing the battle against land subsidence, as the earth sinks in some plains of the province by about 30 centimeters every year, and conditions are more critical in…
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Iran-US Trade Exceeded $16 Million in Five Months
EghtesadOnline: Iran’s commercial transactions with the US amounted to $16.6 million during the first five months of 2021 to register a 17.5% decline compared with the corresponding period of…
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Challenges Facing Domestic Apparel Sector Scrutinized
EghtesadOnline: Iran’s domestic demand for apparel stands at 510,000 tons, while annual production is around 385,000 tons per year, according to the vice chairman of Iran's Textile and Apparel…
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Iran Leading World Trout Producer
EghtesadOnline: Atotal of 120 million trout eyed eggs worth $3.1 million were imported during the last Iranian year (March 2020-21), showing a 162% and 60.76% plunge in the number and value respective…
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Iran Remains World's 2nd Largest Producer of DRI
EghtesadOnline: The World Steel Association’s latest report shows Iran is the world’s second biggest producer of direct reduced iron after India.
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Japan to Donate AstraZeneca Jabs to Iran
EghtesadOnline: Japan’s Foreign Ministry announced on Tuesday its intention to donate some 2.9 million AstraZeneca vaccine jabs to Iran in the near future.
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Rules Announced for Setting Up Credit Rating Agencies
EghtesadOnline: The Central Bank of Iran has published rules for the establishment of credit rating firms.
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Vegetable Oil Industry Stabilizes
EghtesadOnline: A total of 600,000 tons of vegetable oil were produced in Iran during the first three months of the current Iranian year (March 21-June 21). According to the secretary of Iranian…
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Monthly Industrial PMI Down 14%
EghtesadOnline: The Purchasing Managers’ Index for Iranian industries during the third month of the current fiscal year (May 22-June 21) settled at 54.21 from 63 of the preceding month (April…
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President Calls for Trackable System in Forex Allocations
EghtesadOnline: President Hassan Rouhani on Sunday instructed the Central Bank of Iran to improve transparency in allocating foreign currency for imports.
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Clampdown on Illegal Cryptomining Continues
EghtesadOnline: Iran Power Generation, Distribution and Transmission Company (Tavanir) shuts almost 50 illegal crypto farms every day as it tries to alleviate the worsening power shortages, the…
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Iran Electricity Exports Reduces to Zero as Scorching Summer Peaks
EghtesadOnline: Power exports to Iraq, Pakistan and Afghanistan have grounded to a halt to help stabilize power supply during peak hours, head of Iran Grid Management Company, an Energy Ministry…
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Armenia to Increase Iran Flights
EghtesadOnline: Armenia plans to increase its nine flights to Iran per week to 11 as of next week, according to the spokesperson of the Islamic Republic of Iran Civil Aviation Organization.
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Steelmakers Ordered to Cut Power Use by 10%
EghtesadOnline: Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered steel and cement production factories to reduce electricity consumption by 10%, otherwise their…
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Iran's Q3 Real-Estate Market in Urban Areas Reviewed
EghtesadOnline: The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the country’s urban areas during the third quarter of the last…
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UNESCO Releases Iran’s Tech Development Report in 2015-20
EghtesadOnline: The United Nations Educational, Scientific and Cultural Organization has recently released a comprehensive report on Iran’s technological and scientific growth in the past five…
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Cotton Production Expected to Decline Due to Drought
EghtesadOnline: A total of 200,000 tons of cotton bolls are estimated to be produced in Iran during the current Iranian year that started on March 21.
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Iran's CB Supplies $5.5b for Import of Essential Goods Since March 21
EghtesadOnline: The Central Bank of Iran has supplied $5,542 million at the subsidized forex rate of 42,000 rials per US dollar for the import of essential goods since the beginning of the current…
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Housing PMI Maintains Upward Monthly Impetus
EghtesadOnline: The Purchasing Managers’ Index for the housing sector in the third month of the current Iranian year (May 22-June 21) settled at 60.55 from 57.14 in the preceding month (April…
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Polymer Products Constitute 2.2% of Non-Oil Exports
EghtesadOnline: The polymer industry accounts for 2.2% of Iran’s non-oil exports, while the installed capacity for polymer products is more than 20 million tons, of which only 5 million tons…
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SCI: 6,861 Mines Active
EghtesadOnline: Out of 10,170 mines in Iran, 6,861 are active and 3,309 are inactive, according to the latest data announced by the Statistical Center of Iran.