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10% Decline in Precipitation

EghtesadOnline: Since the beginning of the current water year (September 23) precipitation has declined 10% compared to last year. Average rainfall in the 31 provinces was 6 millimeters in the period.
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Publish Date: 26/October/2019 | 14:51

Top Insurer Wants Bigger Market Footprint

EghtesadOnline: Iran Insurance Company, the largest and sole state-owned insurance company, is struggling to increase its share of the market from 30% to 50%.
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Publish Date: 26/October/2019 | 14:50

More ‘Decisive’ Nuclear Steps Likely If Europe Fails to Act

EghtesadOnline: Iran is likely to take more "decisive" measures if the European signatories to the 2015 nuclear deal fail to fulfill their obligations, says a political analyst, who believes it would be a "strategic" mistake if Europe decides to trigger sanctions snapback.
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Publish Date: 26/October/2019 | 14:46

Compliance With FATF Rules Can Improve Economic Prospects

EghtesadOnline: Implementing standards set by the global anti-money laundering watchdog can help improve Iran’s economic conditions and financial transparency, says an expert, who believes that introducing the required reforms is not a top priority for decision-making authorities.
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Publish Date: 26/October/2019 | 14:45

Ankara-Moscow Deal on Syria a Positive Step Toward Peace

EghtesadOnline: The Iranian Foreign Ministry said on Wednesday that the deal between Turkey and Russia to end the conflict with Kurdish fighters in northern Syria is a "positive step" toward restoration of peace and stability in the region.
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Publish Date: 26/October/2019 | 14:43

NAM Could Pioneer Change for a Better Multipolar Future

EghtesadOnline: The bloc of non-aligned nations could usher in a new era in this interconnected world, if its members appreciate the ground realities and take advantage of the means available to advance their agenda, President Hassan Rouhani said on Friday.
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Publish Date: 26/October/2019 | 14:40

Small-Scale Gachsaran Power Plant Linked to Network

EghtesadOnline: The first small-scale power plant with distributed generation system operated by the Khuzestan Regional Electric Company has joined the national electricity grid, the managing director said.
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Publish Date: 26/October/2019 | 14:39

Iran's Seven-Month Box Office Earnings Rise 16 Percent

EghtesadOnline: Iran's box office earnings in the first seven months of the current Iranian year (March 21-Oct. 22) stood at 1.92 trillion rials ($17.18 million) to register an increase of 267.94 billion rials ($2.39 million) or 16.17% compared with last year’s similar period.
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Publish Date: 26/October/2019 | 14:36

Bounced Checks on the Rise

EghtesadOnline: Bounced checks registered a monthly increase of 6.4% up until the sixth calendar month to September 22, the Central Bank of Iran reported.
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Publish Date: 26/October/2019 | 14:35

Iran Mercantile Exchange Growth 6% in 1 Month

EghtesadOnline: The total value of commodities traded at the Iran Mercantile Exchange increased 6% during the seventh month (Sep.23- Oct. 23) of the current fiscal year compared to a month earlier.
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Publish Date: 26/October/2019 | 14:34

IKCO Releases Two-Month Sale Report

EghtesadOnline: Iran Khodro Company (IKCO), the country's biggest car manufacturer, has announced that in the past two months, it has sold over 50,000 cars.
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Publish Date: 26/October/2019 | 14:28

Iran's Consumer Inflation at 42%

EghtesadOnline: The average goods and services Consumer Price Index in Iran for the 12-month period ending Oct. 22 increased by 42% compared with last year’s corresponding period.
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Publish Date: 26/October/2019 | 14:25

Iran Transportation Sector's Energy Consumption Alarming

EghtesadOnline: A Majlis Research Center survey has revealed that total energy produced in Iran annually is equal to energy produced by burning 1.8 billion barrels of crude oil, of which 25% is consumed in the transportation sector.
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Publish Date: 26/October/2019 | 14:23

Iran's H1 Copper Exports at 56K Tons

EghtesadOnline: Iran exported a total of 56,000 tons of copper during the first six months of the current Iranian year (March 21-Sept. 22), according to the managing director of the National Iranian Copper Industries Company.
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Publish Date: 26/October/2019 | 14:20

Araqchi Warns of Narrowing Scope for Diplomacy on JCPOA

EghtesadOnline: A senior Iranian diplomat warned the European parties to the 2015 nuclear deal that time is running out and the path of diplomacy to resolve the nuclear standoff is narrowing every day.
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Publish Date: 26/October/2019 | 14:17

Cyber Insurance Planned for Banks

EghtesadOnline: Central Insurance company of Iran (CII), the regulatory body of Iran’s fast growing insurance industry, is working on a scheme to cover bank accounts against cyberattacks.
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Publish Date: 23/October/2019 | 11:34

Rouhani to Attend NAM Summit in Baku

EghtesadOnline: President Hassan Rouhani is to visit neighboring Azerbaijan to attend a summit of the Non-Aligned Movement due to be held later this week.
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Publish Date: 23/October/2019 | 11:30

Iran Capital Market Performance Noticeable

EghtesadOnline: In the first six months (March 20-Sept. 22) of current fiscal, the capital market provided finance worth 484 trillion rials ($4.2 billion), said a report by the Economic Review Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
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Publish Date: 23/October/2019 | 11:25