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MSC Secures Foothold as Iran's Top Steelmaker

EghtesadOnline: Latest statistics released by Iranian Mines and Mining Industries Development and Renovation Organization shows Mobarakeh Steel Company has cemented its position as the top producer of steel in Iran.
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Publish Date: 15/October/2020 | 17:39

Iran's H1 Upstream Copper Production Reviewed

EghtesadOnline: The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 599,624 tons of copper concentrate during the first half of the current Iranian year (March 20-Sept. 21) to register a 1% growth compared with last year’s similar period.
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Publish Date: 15/October/2020 | 17:31

Iran: Positivity About Unlocking Forex Overseas

EghtesadOnline: The Central Bank of Iran hopes it would be able to ease the unprecedented pressure on the currency market after billions in assets are unlocked overseas.
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Publish Date: 15/October/2020 | 17:24

23% Growth in Overflights

EghtesadOnline: Latest statistics released by Iran Airport Company indicate a 23% growth in the total number of foreign flights using Iranian airspace during the month to Sept. 22.
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Publish Date: 14/October/2020 | 16:34

Iran's Covid-19 Fatalities Exceed 29,000

EghtesadOnline: The number of fatalities caused by SARS-CoV-2 infection in Iran topped 29,000 on Tuesday, as the country’s intensive care units have been filled to the brim with patients in critical condition.
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Publish Date: 14/October/2020 | 16:29

High Export Concentration Index: A Cause for Economic Concern

EghtesadOnline: Iran’s Export Concentration Index, which estimates a country’s reliance on a limited group of commodities as its primary source of foreign exchange income, stood at 0.43 in 2019, about six times higher than that of Turkey and Poland.
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Publish Date: 14/October/2020 | 16:27

Kiwi Exports Resume

EghtesadOnline: The annual four-month ban on kiwi exports expired on Oct. 6 and shipments have resumed, according to the director general of Agrifood Exports Coordination Bureau with the Trade Promotion Organization of Iran.
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Publish Date: 13/October/2020 | 13:14

Aluminum Production Rises 71% Over Six Months

EghtesadOnline: Iranian aluminum producers had an aggregate output of 211,779 tons of ingots during the first half of the current Iranian year (March 20-Sept. 22) to register a 71% rise compared with the corresponding period of last year's 123,576 tons.
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Publish Date: 13/October/2020 | 13:09

Wagon Pars Marches Ahead in Supplying Iran's Rolling Stock

EghtesadOnline: Iran’s Wagon Pars Company, a manufacturer of rolling stock, has manufactured 275 freight and passenger wagons since the beginning of the current Iranian year on March 20, 234 of which have already joined the country’s rail fleet, according to the company’s CEO.
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Publish Date: 13/October/2020 | 13:07

Iraq to Unfreeze Iranian Assets

EghtesadOnline: An agreement was reached between the Central Bank of Iran, Central Bank of Iraq and the Trade Bank of Iraq to unfreeze Iran's financial assets in the neighboring country.
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Publish Date: 13/October/2020 | 13:02

Small Increase in E-Transactions

EghtesadOnline: Shaparak, the main payment settlement network in Iran, processed 2.92 billion transactions worth 4,875.12 trillion rials ($16.25 billion) in the last calendar month to Sept. 21.
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Publish Date: 12/October/2020 | 20:06

3.4m Tons of Necessity Goods Available at Ports

EghtesadOnline: A total of 3.4 million tons of essential goods have arrived at Iranian ports, of which corn accounts for 1.62 million tons, says Mehrdad Jamal-Arvanaqi, the deputy head of the Islamic Republic of Iran Customs Administration.
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Publish Date: 12/October/2020 | 19:49

Rial Enters Crisis Mode

EghtesadOnline: The foreign exchange market in Iran is experiencing unprecedented highs as major currencies continue to rise against the national currency.
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Publish Date: 12/October/2020 | 19:47

Chabahar Port and Iran-India Interface

EghtesadOnline: Iran-India economic linkages have been impacted significantly, ever since the withdrawal of the US from JCPOA (the formal name of Iran nuclear deal—the Joint Comprehensive Plan of Action) in 2018.
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Publish Date: 11/October/2020 | 20:18

Post Company Ships 5 Tons of Packages Overseas Daily

EghtesadOnline: The government-owned Iran Post Company dispatches at least 5 tons of letters and packages overseas on a daily basis, says Deputy Minister of Information and Communications Technologies Ramezanali Sobhanifar.
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Publish Date: 11/October/2020 | 20:16

Industrial PMI Bounces Back

EghtesadOnlne: The Purchasing Managers’ Index for Iran’s industrial sector during the sixth month of current fiscal year (Aug. 22-Sept. 21) settled at 54.53 from 48.06 in the preceding month (July 22-Aug. 21), indicating a 6.47-point or a 13.4% increase.
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Publish Date: 11/October/2020 | 20:14