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Retail PMI on Growth Trajectory

EghtesadOnline: The Purchasing Managers’ Index for Iran’s retail sector stood at 54 in the month leading to Jan. 19, which marks the end of the 10th month of the current Iranian year, to signal a 19.68% rise compared with the previous month’s reading of 45.12.
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Publish Date: 14/February/2021 | 13:49

Q1-3 Trade With Armenia Exceeds $260m

EghtesadOnline: Iran and Armenia traded 1.09 million tons of commodities worth $264 million during the first nine months of the current Iranian year (March 20, 2020-Jan. 19), registering a 29% decline in value compared with the similar period of last year, according to the co-chair of Iran-Armenia Chamber of Commerce.
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Publish Date: 14/February/2021 | 13:44

Public Transport Overhaul to Start

EghtesadOnline: The scheme to streamline Iran’s public transportation will be launched soon, based on a deal to overhaul age-old buses and taxis in metropolises, a deputy interior minister said.
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Publish Date: 14/February/2021 | 13:43

CBI Diversifying Payment Tools

EghtesadOnline: The Central Bank of Iran has recently rolled out various retail payment instruments, or developed guidelines for payment companies in recent months.
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Publish Date: 14/February/2021 | 13:35

Gov't Weekly Bonds Sale at $120m

EghtesadOnline: The government sold bonds worth 30.7 trillion rials ($120.3 million) in the previous week during the bond auction held by the Central Bank of Iran.
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Publish Date: 13/February/2021 | 19:42

Iran’s Greenhouse Areas Near 21K Hectares

EghtesadOnline: Iran’s greenhouse areas currently stand at 21,000 hectares, showing a 162% upsurge compared with the 8,000 hectares when President Hassan Rouhani first took office in August 2013, Agriculture Minister Kazem Khavazi said recently at the inaugural ceremony of 372 greenhouse projects.
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Publish Date: 13/February/2021 | 19:38

Iran Increasing Oil Export

EghtesadOnline: Iran is exporting more oil even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic.
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Publish Date: 13/February/2021 | 19:36

Iranian Trucks Resume Business With Georgia After One-Year Ban

EghtesadOnline: Iranian trucks are once again permitted to enter Georgia after a one-year ban, according to the director general of Transit and International Transportation Affairs Bureau of Iran Road Maintenance and Transportation Organization.
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Publish Date: 13/February/2021 | 19:28

CBI: Inflation Expectations Declining

EghtesadOnline: The Central Bank of Iran says inflation expectations continued to decline in the previous fiscal month ending Jan. 19, as indicated by stability in various financial markets.
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Publish Date: 13/February/2021 | 19:25

Iranian Tech Firms Earn Over $4.6 Billion

EghtesadOnline: The revenues of Iranian tech firms and knowledge-based companies has exceeded 1.2 quadrillion rials ($4.63 billion) in the first 10 months of the current fiscal year (started March 20, 2020), an official with Iran National Innovation Fund said.
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Publish Date: 13/February/2021 | 19:22

Iran Home Prices 500% More Than Construction Costs

EghtesadOnline: The per square meter price of homes in Iran are 500% more than their construction costs, a deputy minister of roads and urban development said.
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Publish Date: 13/February/2021 | 19:20

Building Construction Hits 100 Million sqm p.a.

EghtesadOnline: Each year, 100 million square meters of buildings are constructed in Iran’s urban and rural areas, according to the head of Construction Engineering Organization.
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Publish Date: 09/February/2021 | 20:21

Nomadic Meat Production Reaches Record High

EghtesadOnline: Nomads have produced a record high of 200,000 tons of red meat in the current Iranian year (started March 19, 2020), which account for 25% of Iran’s total red meat output, the head of Nomadic Affairs Organization said.
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Publish Date: 09/February/2021 | 20:18

Overall PMI Increases for Three Consecutive Months

EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s economy settled at 48.83 in the month ending Jan. 19 from 47.77 in the month ending Dec. 20, 2020, indicating 1.06-point or 2.22% improvement.
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Publish Date: 08/February/2021 | 14:14

Monthly Rise in Electronic Transactions

EghtesadOnline: Shaparak, Iran’s payment settlement network, processed 2.79 billion transactions worth 4,562.46 trillion rials ($19.01 billion) in the month ending Jan. 19.
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Publish Date: 08/February/2021 | 14:07

Trade With Turkey Tops $3.4b

EghtesadOnline: Iran and Turkey traded $3.43 billion worth of goods in 2020 to register a decline of 45.82% compared with 2019.
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Publish Date: 08/February/2021 | 14:04

IMF Says Processing Iran’s $5 Billion Loan Request

EghtesadOnline: The International Monetary Fund says it is processing Iran’s $5 billion loan request submitted in March to the global crisis lender, said Jihad Azour, the IMF’s director of the Middle East and Central Asia Department.
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Publish Date: 07/February/2021 | 16:53