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CNG-Hybrids Tapped for Curbing Diesel Consumption in Iran

EghtesadOnline: A new scheme has been designed jointly by the National Iranian Oil Refining and Distribution Company and the Ministry of Industries that calls for engines of 20,000 diesel-powered commercial vehicles to be converted into CNG-diesel hybrids. Vehicles to is to curb diesel consumption.
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Publish Date: 06/November/2018 | 10:52

Swiss Talk With US, Iran About Payment Channel for Food, Drugs

EghtesadOnline: Switzerland is holding talks with the United States and Iran about launching a humanitarian payment channel to help ensure food and drugs keep flowing to the Islamic Republic amid tightened US sanctions, the Swiss government said.
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Publish Date: 06/November/2018 | 10:44

Iran Gov't Financial Resources Up 20%

EghtesadOnline: Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, says despite sanctions, the government’s financial resources have increased more than 20% in the first seven months of the current year (March 21-Oct. 22) compared with the same period of last year.
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Publish Date: 06/November/2018 | 10:40

Afghanistan Lifts Ban on Iranian Imports From Farah Border

EghtesadOnline: The ban placed by Afghanistan as of Sept. 16 on the import of Iranian oil products, cement, steel products, tiles and ceramics through Farah border crossing has been officially lifted.
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Publish Date: 06/November/2018 | 10:32

Motorcyclists, Pedestrians Account for 80% of Road Fatalities

EghtesadOnline: During the first half of the current fiscal that started in March, motorcyclists and pedestrians comprised close to 80% of road accident deaths, the High Council for Coordination of Urban Traffic reported.
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Publish Date: 06/November/2018 | 10:29

Iran's Non-Oil Exports to Neighbors Rise 32% to $12.9b in H1

EghtesadOnline: Iran exported $12.95 billion worth of non-oil goods to its 15 neighboring countries during the six months to Sept. 22, registering a 32% growth compared with the same period of last year, data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date: 05/November/2018 | 10:38

Iran Exploring New Banking Channels to Circumvent US Restrictions

EghtesadOnline: The government is exploring new ways to bypass US sanctions and find banking channels to Europe, China, and Russia for oil exports and financial transactions, says Asadollah Qarekhani, spokesman of the Majlis Energy Commission.
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Publish Date: 05/November/2018 | 10:32

Iranian Pundits Undermine Impact of US Sanctions

EghtesadOnline: The second and final wave of US sanctions against Iran, claimed by the US to be the harshest ever, have now snapped back, but a host of prominent Iranian pundits and private sector representatives say much of the impact of the new restrictions have already been felt and therefore the effect will be limited going forward.
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Publish Date: 05/November/2018 | 10:27

Iran Unemployment Rises to 12.2% (Jun-Sep 2018)

EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 10 years and above, stood at 12.2% in the second quarter of the current Iranian year (June 22-Sept. 22), registering a 0.7% increase compared with the same period of last year.
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Publish Date: 05/November/2018 | 10:17

Iranian Gov’t Bodies, Banks Allowed to Issue Bonds

EghtesadOnline: The government has outlined new tasks for state-owned companies, banks and for-profit institutions as part of a directive for the next fiscal (March 2019-20) budget.
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Publish Date: 03/November/2018 | 06:33

Tehran Keeps on Borrowing

EghtesadOnline: Central bank data says total lending by the banking system reached 13.23 quadrillion rials ($89.4 billion) during the 12 months to July 22.The figure was 29% higher year on year.
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Publish Date: 31/October/2018 | 09:07

Foreign Investment in Qazvin Hits $19m in H1

EghtesadOnline: Foreign direct investment in the northwestern Iranian province totaled $19.3 million during the first half of the current year (March 21-Sept. 22), the deputy provincial governor of Qazvin said.
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Publish Date: 31/October/2018 | 08:58

Iran, South Korea Cooperative Chambers Convene in Tehran

EghtesadOnline: A joint conference between the cooperative chambers of Iran and South Korea was held in Tehran on Monday with the aim of fostering educational ties and boosting trade.
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Publish Date: 31/October/2018 | 08:57

Ilam Sees Highest Inflation Among Iranian Provinces

EghtesadOnline: Goods and services Consumer Price Index for Ilam Province registered an increase of 39.9% during the Iranian month of Mehr (Sept. 23-Oct. 22) compared with the similar month of last year, which is the highest among all Iranian provinces.
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Publish Date: 31/October/2018 | 08:52

Iran Customs Posts Highest Midyear Revenues

EghtesadOnline: The Islamic Republic of Iran Customs Administration has turned in its best-ever midyear profit during the first half of the current Iranian year (March 21-Sept. 22), according to a report published on its website on Sunday.
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Publish Date: 29/October/2018 | 08:26