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Domestic Shoe Industry Hit by Raw Material Shortage

EghtesadOnline: Domestic shoe production has declined by over 70%, the head of Handmade Shoemakers and Sellers Union said, as raw materials needed by the producers have not been cleared from the customs due to foreign currency fluctuations.
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Publish Date: 19/August/2018 | 04:34

Non-Oil Trade Value With Egypt Tops 80%

EghtesadOnline: Iran traded 298,616 tons of non-oil commodities worth $128.23 million with Egypt during the first four months of the current fiscal year (March 21-July 22).
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Publish Date: 19/August/2018 | 04:33

Infrastructure Gets 10% of National Budget

EghtesadOnline: As little as 10% of the national budget, i.e. less than 400 trillion rials ($4.87 billion), are spent on the development of infrastructures and the rest goes to operational expenditures such as paying salaries of workers.
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Publish Date: 19/August/2018 | 04:33

Milk Powder Exports Earn $24 Million

EghtesadOnline: Iran exported 7,238 tons of milk powder worth $24.78 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: 19/August/2018 | 04:31

Vacuum Cleaners Imported From 14 Countries

EghtesadOnline: More than $29 million worth of vacuum cleaners were imported into Iran from 14 countries during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date: 19/August/2018 | 04:31

Tehran to Host Handmade Carpet Expo

EghtesadOnline: The 27th Iran Handmade Carpet Exhibition is scheduled to open at Tehran International Permanent Fairground on August 25.
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Publish Date: 19/August/2018 | 04:22

Farming PPI Rises 14%

EghtesadOnline: The Producer Price Index for the sector of “Farming, Horticulture and Traditional Husbandry” in the 12 months ending June 21, which marks the end of spring, increased by 14% compared with last year’s corresponding period.
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Publish Date: 19/August/2018 | 04:20

AML Bill Faces Objection

EghtesadOnline: Iran’s Guardians Council ruled an anti-money laundering bill passed by the parliament to be inconsistent with the Iranian Constitution and Islamic law, sending it back to the legislature for revision.
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Publish Date: 19/August/2018 | 04:19

Colza Production Breaks 30-Year Record

EghtesadOnline: Colza production in Iran since the beginning of the current Iranian year (started March 21) has reached 355,000 tons, which marks a 30-year high, the director of Agriculture Ministry’s “National Oilseed Project” said.
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Publish Date: 19/August/2018 | 04:16

Civil Servants Pension Fund Planning to Downsize

EghteadOnline: The Civil Servants Pension Fund is planning to cede either portions of its shares or total ownership in 99 of its subsidiaries, most of which are underperforming and bleeding cash.
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Publish Date: 19/August/2018 | 04:15

Private Investors in Iran Get Green Light for Renewable Exports

EghtesadOnline: The Energy Ministry has called on the Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—to prepare the ground for private sector investment in and export of renewables.
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Publish Date: 18/August/2018 | 11:06

UK's Quercus Halts Iran Renewable Project

EghtesadOnline: British renewable energy investor Quercus said it will halt the construction of a €500 million ($570 million) solar power plant in Iran following the recent reimposition of US sanctions on Tehran.
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Publish Date: 18/August/2018 | 11:04

Iran Petrochemical Company Not Worried About Exports

EghtesadOnline: The National Petrochemical Company is not concerned about exports despite the US unilateral sanctions because a large part of the firm's commodities are sold to European Union countries that have pledged commitment to the Iran nuclear deal.
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Publish Date: 18/August/2018 | 11:03

US-EU Conflict to Benefit Iran

EghtesadOnline: Iran's oil sector can retain its old customers in spite of US sanctions that will take effect on Nov. 4, a senior energy analyst said.
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Publish Date: 18/August/2018 | 11:00

Iran Auto Market Sees Price Spikes Again

EghtesadOnline: US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which saw the market take a break from its months-long bullish run.
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Publish Date: 18/August/2018 | 10:47

Afflictions of Higher Education: Degreeism, Poor Supervision

EghtesadOnline: Less than a decade ago, education, especially in prestigious universities, was considered a powerful cultural asset, but now the phenomenon of non-conformity of education with what a person does to earn a living is a serious issue facing Iran.
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Publish Date: 18/August/2018 | 09:09

Over €81m Worth of Airport Equipment Purchased Post JCPOA

EghtesadOnline: Iran Airports & Air Navigation Company, an arm of the Ministry of Roads and Urban Development, has purchased €81.38 million worth of airport equipment since the nuclear deal was signed between Iran and world powers in 2015, the ministry’s news service reported.
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Publish Date: 18/August/2018 | 09:08

Potato Seeds Imported From 5 Countries

EghtesadOnline: More than 875 tons of potato seeds worth $1.63 million were imported into Iran from five countries during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration indicate.
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Publish Date: 18/August/2018 | 09:07

Iran Date Exports Grow 27.7% to $102m in 4 Months

EghtesadOnline: Close to 89,220 tons of different kinds of dates worth more than $102 million were exported from Iran to 69 countries during the first four months of the current Iranian year (March 21-July 22).
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Publish Date: 18/August/2018 | 09:07