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Iran’s Consumer Market Valued at $177b Last Year

EghtesadOnline: Iran's consumer market was worth 7,180 trillion rials ($177.4 billion) in the fiscal 2017-18, according to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture using figures released by the Statistical Center of Iran.
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Publish Date: 15/September/2018 | 10:57

Iran’s Aluminum Consumption Growth Twice Global Rate

EghtesdadOnline: The global average aluminum consumption growth stands at 6% per year while the rate is 12% in Iran, according to Chairman of Iranian Mines and Mining Industries Development and Renovation Organization Mehdi Karbasian.
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Publish Date: 15/September/2018 | 05:37

$1b for Production, Employment

EghtesadOnline: A member of Majlis Plan and Budget Commission said the Leader Ayatollah Seyyed Ali Khamenei has consented to the allocation of $1 billion from the National Development Fund of Iran for boosting production and employment.
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Publish Date: 15/September/2018 | 05:33

Iranian Lawmaker Calls for FATF Guarantees

EghtesadOnline: A senior lawmaker has voiced support for three of four legal measures required from Iran to be in good standing with the Financial Action Task Force, but said a guarantee is needed from the global watchdog that Iran will be able to reap the expected benefits when it fulfills its commitments.
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Publish Date: 15/September/2018 | 05:32

Bank Loans Rise 3.3% in Value

EghtesadOnline: Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed.
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Publish Date: 15/September/2018 | 05:28

Iran, Russia Eye Reconstruction at Syria Expo

EghtesadOnline: Companies from dozens of countries are showing their wares at the Damascus International Fair this week, but those from two in particular are getting special treatment—Russia and Iran.
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Publish Date: 15/September/2018 | 05:27

EC Member: AML Bill Not Rejected

EghtesadOnline: A senior member of Expediency Council, a body that settles disputes between the Majlis and the vetting body Guardians Council, said EC members have not rejected the government bill to amend the country's Anti-Money Laundering Law.
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Publish Date: 15/September/2018 | 05:26

Iran's Trade With Afghanistan Tops $1 Billion

EghtesadOnline: Iran traded 2.79 million tons of non-oil commodities worth $1.43 billion with Afghanistan during the first five months of the current fiscal year (March 21-Aug. 22), registering a 15.46% and 31.75% growth in tonnage and value respectively compared with last year’s corresponding period, the latest data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date: 12/September/2018 | 08:18

TCCIM Chief Slams Holdups at Iranian Ports of Entry

EghtesadOnline: President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari said as many as 139,000 containers holding 7 million tons of goods have piled up at Iranian ports of entry.
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Publish Date: 12/September/2018 | 08:18

$33m Allocated to Complete Highway Project

EghtesadOnline: The Plan and Budget Organization of Iran has agreed to allocate 4 trillion rials (close to $33 million) for completing the 8.5 kilometers left of Qazvin-Rasht Highway Project, a deputy minister of roads and urban development said.
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Publish Date: 12/September/2018 | 08:16

Cigarette Tax Revenues Witness 42% Growth

EghtesadOnline: The government earned 2.5 trillion rials ($20.66 million) from cigarette tax in the first four months of the current fiscal year (March 21-July 22).
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Publish Date: 12/September/2018 | 08:14

Kiwi Exports Banned Until Oct. 23

EghtesadOnline: The ban on kiwi export until October 23 has been notified to all provincial agricultural jihad organizations across the country by the director general of Agriculture Ministry’s Quarantine Affairs Bureau on September 4.
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Publish Date: 12/September/2018 | 06:11

Iranian Banks Urged to Help Control Liquidity

EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati late Monday met with chief executives of banks and credit institutions to evaluate the country’s monetary and banking developments and discuss the reformative role of banks in creating market stability.
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Publish Date: 12/September/2018 | 06:08

Tehran Stocks' Official Welcomes Economy Ministry, Central Bank Revamping

EghtesadOnline: The restructuring and changes in the management of the Ministry of Economic Affairs and Finance and the Central Bank of Iran have provided the opportunity to expand the capital market, vice chairman of the board of directors of Tehran Stock Exchange, Mahmoud Reza Khajehnassiri, said.
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Publish Date: 12/September/2018 | 06:06

Tehran to Host Int’l Water, Wastewater Expo

EghtesadOnline: The 14th Iran International Water and Wastewater Exhibition, also known as WATEX 2018, has been scheduled to open at Tehran International Fairground on October 3, according to the event’s official website.
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Publish Date: 12/September/2018 | 06:00

Reasons Behind Export Ban Explained

EghtesadOnline: The government’s recent ban on exports of certain products, including tea, oilseeds, palm oil, sugar, milk powder, baby formula, butter and meat, is aimed at regulating the domestic market and protecting low-income households, the deputy head of Trade Promotion Organization of Iran said.
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Publish Date: 11/September/2018 | 06:44

Cabinet Gives Nod to Import of Medical Equipment

EghtesadOnline: The Iranian Cabinet permitted, in its Sept. 5 session, the import of medical equipment that have locally-manufactured counterparts due to the special condition of the country.
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Publish Date: 11/September/2018 | 06:43

Stationery Imports Hit $9m in 5 Months

EghtesadOnline: A total of 1,330 tons of stationery products worth $9.51 million were imported into Iran during the first five months of the current fiscal year (March 21-Aug. 22).
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Publish Date: 11/September/2018 | 06:41

Iran's Trade With Iraq Grows 28%

EghtesadOnline: Iran traded 6.39 million tons of non-oil commodities worth $3.43 billion with Iraq during the first five months of the current fiscal year (March 21-Aug. 22).
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Publish Date: 11/September/2018 | 06:38