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DRI Output Rises 8% YOY to 12.8m Tons

EghtesadOnline: Close to 12.86 million tons of direct reduced iron were produced in Iran during the first five months of the current fiscal year (March 20-Aug. 21) to register an 8% rise compared with last year’s similar period.
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Publish Date: 14/September/2020 | 13:12

Domestic Raw Materials Meet 100% of Construction Demand

EghtesadOnline: Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries, Mining and Trade.
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Publish Date: 14/September/2020 | 13:02

CBI Reiterates Flexibility Toward Exporters

EghtesadOnline: The Central Bank of Iran continues to exercise flexibility toward exporting companies regarding the repatriation of export earnings, the bank’s governor said.
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Publish Date: 14/September/2020 | 24:57

Red Meat Production Up 41%

EghtesadOnline: A total of 37,100 tons of red meat were produced in Iran during the month ending Aug. 21 to register a 41% rise compared with the similar month of last year and a 2.5% growth over the previous month.
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Publish Date: 13/September/2020 | 24:06

At 260,000 Rials, US Dollar Surpasses All-Time High

EghtesadOnline: Building on earlier gains, the US dollar advanced at the start of the trading week on Saturday climbing above the psychological level of 260,000 rials in unofficial currency markets in Iran.
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Publish Date: 13/September/2020 | 24:04

Iran Oil Company Invests in Upgrading Public Transport

EghtesadOnline: Over 20,700 gasoline-powered public transport and commercial vehicles have so far been converted into compressed natural gas hybrids, as per the nationwide scheme initiated by the National Iranian Oil Refining and Distribution Company in late May.
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Publish Date: 13/September/2020 | 24:01

Domestic Raw Materials Meet 100% of Construction Demand

EghtesadOnline: Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries, Mining and Trade.
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Publish Date: 13/September/2020 | 11:56

Iran Gov’t New Housing Scheme: 65,000 Applicants Seeking Loans

EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.
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Publish Date: 12/September/2020 | 13:21

Runoff Parliamentary Vote Held Amid Pandemic

EghtesadOnline: Iran’s second round of parliamentary elections was held on Friday to fill the 10 empty seats of the legislature amid the coronavirus pandemic, as the country’s infections topped 397,000.
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Publish Date: 12/September/2020 | 13:19

Turkmenistan Recloses Sarakhs Border

EghtesadOnline: Turkmenistan closed its land border with Iran’s Sarakhs in Khorasan Razavi Province on Thursday after a short stint of reopening.
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Publish Date: 12/September/2020 | 24:43

Report Awaited on Prospects for Iran-Russia Electricity Agreement

EghtesadOnline: A study on the synchronization of Iran’s and Russian electricity networks is to be completed in the next few months and if all goes well executive operation will begin, the energy minister said Friday.
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Publish Date: 12/September/2020 | 24:22

Iran Electronic Payment Value Drops 8%

EghtesadOnline: An estimated 2.89 billion transactions worth 4,769.01 trillion ($20.7 billion) were processed via Shaparak (the nationwide electronic payment network) in the fifth month of current fiscal year (July-22- August 21)
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Publish Date: 12/September/2020 | 24:16

Kish Int’l Bourse Launch Slated for Late October

EghtesadOnline: A plan to launch an international stock exchange is getting the finishing touches and is scheduled to be launched by late October, the economic deputy to the secretary of Iran's High Council of Free Trade and Special Economic Zones said.
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Publish Date: 12/September/2020 | 24:14

American Pressure Campaign Against Iran a Miscalculation

EghtesadOnline: The United States’ policy of imposing pressure on Iran to win concessions out of it was a miscalculation and will never be successful, President Hassan Rouhani said on Wednesday.
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Publish Date: 10/September/2020 | 11:30

6.3m Tons of Tomatoes Produced Since March 20

EghtesadOnline: A total of 6.3 million tons of tomatoes have been produced in Iran since the beginning of the current Iranian year (March 20), according to the CEO of the Central Organization for Rural Cooperatives of Iran.
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Publish Date: 10/September/2020 | 11:21

Substantial Rise in Exports From Kurdestan Province

EghtesadOnline: The customs terminals of Iran’s western Kurdestan Province have exported 1.47 million tons of goods worth $596.23 million since the beginning of the current Iranian year on March 20 up until Sept. 4, registering a 73% and 22% rise in weight and value respectively compared with the similar period of last year.
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Publish Date: 10/September/2020 | 11:19