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Iran's Steel Production Capacity Projected to Top 43m Tons

EghtesadOnline: Iran’s steel production capacity is expected to reach 43.6 million tons by the end of the next Iranian year (March 20, 2021), while the actual production is estimated to hit 31.1 million tons by utilizing 71% of the nominal capacity.
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Publish Date: 08/January/2020 | 11:17

CBI Says Will Calm Currency Market

EghtesadOnline: Currency rates again pushed upwards on Tuesday, amid heightened political tensions in the region, but the Central Bank of Iran was quick to announce that there is no need for anxiety.
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Publish Date: 08/January/2020 | 11:14

Pesticide Production Up 31% in Eight Months

EghtesadOnline: Iran produced 24,500 tons of pesticides during the first eight months of the current Iranian year (March 21-Nov. 21) to register an increase of 31% compared with last year’s corresponding period.
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Publish Date: 08/January/2020 | 11:12

No Exit From JCPOA by Taking Final Step of Reducing Compliance

EghtesadOnline: Iran’s deputy foreign minister said the announcement of the fifth and final step away from the 2015 nuclear deal does not signify Iran's exit from the accord, formally called the Joint Comprehensive Plan of Action.
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Publish Date: 08/January/2020 | 11:09

Banks Unwilling to Lend

EghtesadOnline: From the beginning of fiscal 2018-19 up until September, the loan-to-deposit ratio has been of the descending order indicating that banks are exercising extra caution when it comes to lending.
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Publish Date: 08/January/2020 | 11:06

South Pars Output Up 7%

EghtesadOnline: To speed up gas production from South Pars Gas Field in the Persian Gulf, an offshore deck of phase 23 was linked to Iran Gas Trunkline (IGAT) on Tuesday, deputy operator of the phases said.
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Publish Date: 08/January/2020 | 11:03

Mahathir: Muslims Should Unite After Iran Commander’s Assassination

EghtesadOnline: Muslim countries should unite to protect themselves against external threats, Malaysian Prime Minister Mahathir Mohamad said on Tuesday after describing the US assassination of Iran’s top military commander, Major General Qasem Soleimani, as immoral.
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Publish Date: 08/January/2020 | 11:01

Afghanistan No Launching Point for Attacks on Iran

EghtesadOnline: Afghanistan will not serve as a launching point for US attacks on any country in the region, the national security adviser of the South Asian state said in a meeting with Iran's ambassador in Kabul.
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Publish Date: 07/January/2020 | 13:25

Pelosi: House to Vote on Resolution to Limit Trump’s Iran Military Action

EghtesadOnline: US House Speaker Nancy Pelosi on Sunday sent a letter to Democratic members of congress announcing the house will introduce and vote on a “War Powers Resolution” to limit US President Donald Trump’s military actions regarding Iran amid rising tension.
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Publish Date: 07/January/2020 | 13:20

Oil Hits $70

EghtesadOnline: Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike which martyred a top Iranian military commander in Iraq.
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Publish Date: 07/January/2020 | 13:13

Iran Dried Fruits, Nuts Exports at $1.1b

EghtesadOnline: Iran exported 556,000 tons of dried fruits and nuts worth $1.12 billion in the last Iranian year (March 2018-19).
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Publish Date: 07/January/2020 | 13:09

Cooperation With IAEA to Continue Despite Latest Nuclear Move

EghtesadOnline: Foreign Minister Mohammad Javad Zarif stressed that Iran will continue to fully cooperate with the International Atomic Energy Agency despite implementing the last step of scaling back its commitments under the 2015 nuclear deal.
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Publish Date: 07/January/2020 | 13:08

SSO to Offer 5% Stake on Stock Market

EghtesadOnline: Social Security Investment Company, the investment arm of the Social Security Organization (SSO), will offer 5% of its stake on the stock market, the SSIC managing director said.
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Publish Date: 07/January/2020 | 13:02

Rewriting Water Management in Iran

EghtesadOnline: Efficient management of demand and developing effective resource management techniques (compared to water transfer projects) would be more practical in addressing water crisis, but in practice have been largely neglected in Iran.
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Publish Date: 07/January/2020 | 24:58

Iran: 400km Gas Pipelines Laid in 8 Months

EghtesadOnline: Iranian Gas Engineering and Development Company, a subsidiary of National Iranian Gas Company, delivered 18 pressure stations and laid 400 kilometers of gas pipelines during the first 8 months of the Iranian fiscal (March-November 2019) – a feat unprecedented in the history of the company, the managing director said.
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Publish Date: 07/January/2020 | 24:50

Iran Services Sector's Job Market Share Reaches 50% in Q3

EghtesadOnline: The services sector employed 50% of the Iranian employed population (12.22 million) in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019), 0.1% more than the corresponding period of last year.
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Publish Date: 07/January/2020 | 24:41

Historic Farewell to General Soleimani

EghtesadOnline: Millions of people bid a glorious farewell to Martyr Major General Qasem Soleimani after the funeral prayer, led by Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, was followed by a huge procession.
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Publish Date: 07/January/2020 | 24:36

Japan’s Abe ‘Deeply Worried’ by Mideast Tensions

EghtesadOnline: Japan’s Prime Minister Shinzo Abe, who had tried to carve out a role mediating between Washington and Tehran, said on Monday he was “deeply worried” by tensions in the Middle East.
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Publish Date: 07/January/2020 | 24:30