Iran
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Iran Produces Russia’s Sputnik V Covid Vaccine
EghtesadOnline: Health Minister Saeed Namaki on Saturday attended the unveiling of locally-produced Sputnik V vaccines originally developed by Russia, Iran’s latest attempt at ramping up vaccine…
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Growth in Apparent Steel Usage
EghtesadOnline: Iran's apparent steel usage, defined as production plus imports minus exports, sometimes also adjusted for changes in inventories, increased during the first two months of the…
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January-May Trade With China Declines 14% to $5.4 Billion
EghtesadOnline: Iran’s commercial exchanges with its leading trading partner, China, stood at $5.49 billion in the first five months of 2021, to register a 14% decline compared with the corresponding…
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Bonds Fail to Provide Refuge
EghtesadOnline: The weekly government bond auctions held by the Central Bank of Iran again failed to attract buyers this week.
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Gov’t Increases Green Tea Purchase From Local Farmers
EghtesadOnline: A total of 62,325 tons of green tea leaves have been purchased by the government from local farmers so far this year, showing a 10% rise compared with the similar period of last…
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Steel Output Increases by 9.2% to 12.5 Million Tons
EghtesadOnline: Iranian steel mills produced a total of 12.5 million tons of crude steel in the first five months of 2021, which indicate a 9.2% rise compared with the corresponding period in…
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Balanced Interaction With International Community Underpins Iran’s Foreign Policy
EghtesadOnline: In his first post-election press conference, president-elect Ebrahim Raeisi said balanced interaction with the international community will be the central pillar of his administration’…
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Trade With EEU Hit $380m
EghtesadOnline: Iran and the Eurasian Economic Union traded $380 million worth of goods during the first two months of the current Iranian year (March 21-May 21).
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Customs Data Show Iran’s Foreign Trade Recovery
EghtesadOnline: New figures released by Islamic Republic of Iran Customs Administration show Iran’s non-oil foreign trade is recovering from a decline in the last fiscal year (ended March 2021).
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Iranian Saffron Suppliers
EghtesadOnline: There are many Iranian saffron farmers in the country, and most of them supply high-quality saffron. The saffron then is dried, and it turns to the pure saffron that we see at…
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Iranian Steel Companies Register Strong Growth in Output, Exports
EghtesadOnline: The Iranian steel industry recorded strong growth rates both in production and exports during the first month of the current fiscal year (March 20-April 20).
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Iran's Trade With Neighbors Tops $2 Billion
EghtesadOnline: Iran traded $2.18 billion with its 15 neighboring countries in the first month of the current fiscal year (March 21-April 20) to register an 18% growth compared with the same…
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Iran Government to Divest Assets Worth $4.5b
EghtesadOnline: The government intends to sell property and shares in state companies worth 1,000 trillion rials ($4.5 billion) in fiscal March 2021-22, the economy minister said.
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Annualized Inflation Hit 41%
EghtesadOnline: The average goods and services Consumer Price Index in the 12-month period ending May 21, which marks the end of the second Iranian month of fiscal 2021-22, increased by 41% compared…
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Iran: Bourse at Lowest Level in One Year
EghtesadOnline: Tehran stocks plummeted on Sunday to levels a year ago with the Tehran Stock Exchange main index giving away 1.8%.
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One-Month Extension of Monitoring Deal With IAEA Possible
EghtesadOnline: Iran’s three-month deadline for restricting international monitoring of its nuclear sites could be extended “conditionally” by one month, according to an informed official at…
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Iran's Steel Output Gains 9.6%
EghtesadOnline: Iranian steel mills produced 10 million tons of crude steel in the first four months of 2021, which indicate a 9.6% rise compared with 2020.
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Plan to Inaugurate 440 Km of Freeways by March 2022
EghtesadOnline: The government plans to inaugurate 440 kilometers of freeways by the end of the current Iranian year (March 20, 2022), according to a deputy minister of roads and urban development.
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Iran’s Population Aging
EghtesadOnline: The number of older persons in the world is growing faster than the number of people in all younger age groups and Iran is no exception.
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69% Surge in Iran's Exports to EU in March
EghtesadOnline: Iran's exports to EU member states in March registered a growth of 69%, indicating an acceleration of trade ties in recent months.
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Bond Auctions to Resume With $1 Billion on Offer
EghtesadOnline: Bond auctions by the government will resume next Tuesday, the Central Bank of Iran said Tuesday. It will mark the first round of the weekly auctions in the present fiscal year…
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Twofold Increase in Bushehr Port Throughput
EghtesadOnline: A total of 401,000 tons of commodities were loaded and unloaded in Bushehr Province’s ports during the first month of the current Iranian year (March 21-April 20), showing a twofold…
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Iran to Reach 500,000 Daily Vaccinations in Coming Days
EghtesadOnline: Health Minister Saeed Namaki on Monday evening said Iran will be able to administer half a million vaccine shots a day in the near future.
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‘Water Bankruptcy’ Is Here
EghtesadOnline: Challenges in the face of water shortages in Iran have been long dubbed as a major crisis but the reality is that the country now is on the verge of water bankruptcy, the chairman…
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Stocks Buck 4-Day Rising Trend in Iran
EghtesadOnline: Tehran stocks paused on Sunday after rallying for four consecutive sessions as commodity stocks went into correction phase after relative gains.
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Iran's CB Injects $50m to Help Share Market
EghtesadOnline: The Central Bank of Iran said Sunday it injected the rial equivalent of $50 million into the Capital Market Stabilization Fund.
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US Sanctions Should Not Stop European Business With Iran
EghtesadOnline: A legal adviser to the European Union’s top court said a German company was wrong to terminate its contract with an Iranian bank if its only justification was concern about becoming…
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Iran: Majlis Enters the Crypto Fray
EghtesadOnline: The growing interest in investments in cryptocurrencies among Iranians has raised Majlis concerns with the speaker on Thursday calling on financial authorities to exercise caution…