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Iranian Fintechs Propose a Way Out of Payment Fee Quandary

EghtesadOnline: Iran’s Fintech Association has proposed a new fee system for online payment in which payment aggregators and payment service providers cover the network fees, which are currently paid by banks.
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Publish Date: 24/August/2020 | 11:52

Exporters Transfer Home $2.5 Billion

EghtesadOnline: The governor of the Central Bank of Iran said exporters transferred home $2.5 billion before the July deadline set by the regulator.
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Publish Date: 24/August/2020 | 11:48

Iran, UAE Determined to Expand Trade Ties Despite Politics

EghtesadOnline: Iran and the UAE are determined to expand business ties, despite their political disputes, the Iranian chairman of the two neighboring countries’ joint chamber of commerce says.
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Publish Date: 23/August/2020 | 11:33

Seasonal Rice Import Ban Postponed to September 21

EghtesadOnline: This year’s seasonal ban on rice imports has been postponed and will come into effect on Sept. 22 instead of the previously announced date (July 22), according to the Islamic Republic of Iran Customs Administration’s deputy for technical affairs.
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Publish Date: 23/August/2020 | 11:28

Q1 Coal Concentrate Output Tops 340K Tons

EghtesadOnline: Iranian coal mines had an aggregate output of 340,144 tons of coal concentrate during the first three months of the current Iranian year (March 20-June 20), latest data released by the Ministry of Industries, Mining and Trade show.
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Publish Date: 23/August/2020 | 11:24

Covid-19 Cases Decline for 3rd Straight Day

EghtesadOnline: Iran’s daily coronavirus caseload dropped for the third consecutive day on Saturday, with 2,028 new infections, down by 178 compared to a day earlier.
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Publish Date: 23/August/2020 | 11:20

Iran Steel Output to Hit 31m Tons

EghtesadOnline: Iran's nominal steel production capacity is set to increase to 42 million tons per annum by the end of the current fiscal year on March 20, 2020, the chairman of Iranian Mines and Mining Industries Development and Renovation Organization said.
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Publish Date: 23/August/2020 | 08:18

Iran to Build 2nd Oceanic Port Along Makran Coast

EghtesadOnline: Iran’s Ports and Maritime Organization is planning to build a new oceanic port on Makran Coast in the southern Hormozgan Province and has currently launched studies.
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Publish Date: 23/August/2020 | 08:16

‘Education' Registers Lowest Monthly Price Hike

EghtesadOnline: The average goods and services Consumer Price Index of education group in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 21.5% compared with last year’s corresponding period.
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Publish Date: 22/August/2020 | 24:58

DRI Output Climbs 11% YOY to 10.5 Million Tons in 4 Months

EghtesadOnline: More than 10.58 million tons of direct reduced iron were produced in Iran during the first four months of the current fiscal year (March 20-July 21) to register an 11% rise compared with last year’s similar period.
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Publish Date: 22/August/2020 | 24:50

Oil Minister: No Time for Complacency

EghtesadOnline: Contracts worth $1.7 billion have been signed between Iranian oil and services companies to increase production from existing fields, the oil minister said Wednesday.
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Publish Date: 22/August/2020 | 24:47

IIC Helps Policyholders to Cushion Virus Losses

EghtesadOnline: Iran Insurance Company has given 15 trillion rials ($65 million) in credit to policyholders who could not afford to pay their premiums due to the problems created by Covid-19.
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Publish Date: 22/August/2020 | 24:41

Iran's H1 Trade With EU Drops 7% YOY to €2.2 Billion

EghtesadOnline: Trade between Iran and EU member states during the first half of 2020 stood at €2.24 billion to register a 6.76% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show.
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Publish Date: 22/August/2020 | 24:34

Covid-19 Daily Deaths Drop

EghtesadOnline: Iran’s overnight fatalities from the coronavirus disease, Covid-19, dropped sharply to 112 on Friday, health officials said, down by nearly 30% compared to Wednesday.
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Publish Date: 22/August/2020 | 24:28

Gas Output Exceeds 700 mcm/d

EghtesadOnline: Average daily natural gas has surpassed 700 million cubic meters, a spokesman for the National Iranian Gas Company said.
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Publish Date: 20/August/2020 | 14:59

Iran's AgeWatch Index Under Scrutiny

EghtesadOnline: With a value score of 43.1, Iran is ranked 64th among 97 countries on the AgeWatch Index measured by Saba Pension Strategies Institute, an affiliate of the Civil Servants Pension Organization.
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Publish Date: 20/August/2020 | 14:43