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Iran Foreign Trade Hits $38b - (March-Aug 2018)

EghtesadOnline: Iran’s non-oil foreign trade during the first five months of the current fiscal year (March 21-Aug. 22) stood at $38.2 billion, indicating a 0.8% rise compared with last year’s corresponding period.
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Publish Date: 29/August/2018 | 05:02

Int’l Carpet Expo in September

EghtesadOnline: The 10th International Exhibition of Floorings, Moquette, Machine-Made Carpet and Related Industries is scheduled to open at Tehran International Fairground on Sept. 6.
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Publish Date: 29/August/2018 | 05:01

New Towns Will Undo Old Problems

EghtesadOnline: Twelve “new towns” have been planned in 10 provinces with the aim, among other things, of developing urban living areas and creating much-needed jobs.
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Publish Date: 29/August/2018 | 04:56

Investment Funds Capitalize as Stock Markets Rally

EghtesadOnline: The record monthly growth in the Iranian stock market last month (July 23-Aug. 22), with a 26% increase registered in Tehran Stock Exchange alone, led to the prosperity of investment funds.
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Publish Date: 29/August/2018 | 04:52

Gov’t Seeking Way Out for Beleaguered Auto Industry

EghtesadOnline: Iran’s Industries Ministry is preparing a support plan for the hard-pressed auto industry in a bid to salvage the key sector from plunging into further disarray which can hit thousands with unemployment.
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Publish Date: 28/August/2018 | 11:44

Potato Exports Earn $26m in 4 Months

EghtesadOnline: Iran exported 86,142 tons of potatoes worth $26.68 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date: 28/August/2018 | 07:12

Iran Raises Cosmetics Import Tariff to 26%

EghtesadOnline: Import tariff on cosmetics will now rise by 10% to reach 26%, as per the new directive notified to the Islamic Republic of Iran Customs Administration by Ali Maqouli, the director of Center for Imports and Free Trade Zones Affairs of IRICA.
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Publish Date: 28/August/2018 | 07:05

Iran Non-Oil Trade With Qatar Doubles in Four Months

EghtesadOnline: Iran traded 530,432 tons of non-oil commodities worth $104.43 million with Qatar during the first four months of the current fiscal year (March 21-July 22), registering a 9.24% decline in tonnage and 96.13% jump in value compared with last year's corresponding period.
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Publish Date: 28/August/2018 | 06:51

‘IRAN PLEX 2018’ in September

EghtesdaOnline: The 17th International Exhibition of Poultry, Livestock, and Related Industries, also known as IRAN PLEX 2018, is scheduled to open at Tehran International Fairground on September 6, the event’s website at www.miladgroup.net announced.
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Publish Date: 28/August/2018 | 06:48

Iran Steel Output Soars by 23%

EghtesadOnline: Iranian steel mills produced a total of 14.45 million tons of crude steel during the first seven months of 2018, up 23.6% compared with last year’s corresponding period, according to the latest report released by the World Steel Association.
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Publish Date: 28/August/2018 | 06:47

Banana Imports Hit $176m in Four Months

EghtesadOnline: More than 180,706 tons of fresh and dried bananas worth $176 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22).
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Publish Date: 28/August/2018 | 06:40

9.5 Million Checks Transacted in 1 Month

EghtesadOnline: A total of 9.5 million checks amounting to 866 trillion rials ($10.31 billion) were transacted in Iran during the fourth month of the current fiscal year that ended on July 22.
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Publish Date: 28/August/2018 | 06:33

Time to Embrace Tech Revolution

EghtesadOnline: With the world on the cusp of the fourth industrial revolution, Iran’s ICT minister urges all, citizens and authorities alike, to take note of the situation and keep pace with the universal technological transformation before the country is marooned in the past.
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Publish Date: 27/August/2018 | 09:28

Iran Expanding Space Law Studies

EghtesadOnline: With countries moving ahead with schemes to commercialize space and countries like the US mulling the idea of establishing a space military force, Iranian authorities are endeavoring to advance scientific research in the field and get a better grasp of international space law.
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Publish Date: 27/August/2018 | 09:27

Major ISP HiWeb Back on Capital Market

EghtesadOnline: As of Monday, shares of major Iranian Internet service provider HiWeb were traded on the Tehran Stock Exchange again after its ticker symbol was frozen last December.
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Publish Date: 27/August/2018 | 09:26

Iran: New Move to Calm Cellphone Market

EghtesadOnline: In order to mitigate the raging inflation in the mobile phone market, authorities will distribute 650,000 handsets at moderate prices in the market this week.
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Publish Date: 27/August/2018 | 09:24

Iran Auto Parts Makers Facing More Headwinds

EghtesadOnline: Given the turmoil surrounding the government forex policies which have hampered the import of raw materials, auto parts makers are struggling to keep production lines up and running amid a stream of economic setbacks.
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Publish Date: 27/August/2018 | 09:18

Auto Industry Off for Summer Holiday

EghtesadOnline: Iranian carmakers and parts manufacturers shut down their production lines for their customary one-week summer holiday on Saturday.
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Publish Date: 27/August/2018 | 09:15

Iranian Authorities Mulling Uncustomary Second Annual Vehicle Price Hike

EghtesadOnline: In light of recent developments in the forex market coupled with mounting pressure by carmakers, the authority in charge of regulating the auto market in a rare move has announced that it is poised to sanction another round of price increases.
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Publish Date: 27/August/2018 | 09:15