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Iran's Q2 Unemployment Drops 1.8% to 10.5%

EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 15 years and above, stood at 10.5% in the second quarter of the current Iranian year (June 22-Sept. 22), indicating a 1.8% decrease compared with the same period of last year.
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Publish Date: 08/October/2019 | 24:40

11 Iranian PSPs Among Global Acquirers

EghtesadOnline: Eleven Iranian payment service provider companies are among the world’s top 150 acquirers, according to the latest report by Nilson Report Magazine, a journal specializing in payment industry news and statistics.
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Publish Date: 08/October/2019 | 24:38

Turkey’s Halk Bank Will Continue Managing Iran Trade

EghtesadOnline: Halk Bank of Turkey will continue to handle Iran’s commercial transactions despite the mounting US pressure, Turkish ambassador to Iran told the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture Monday.
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Publish Date: 08/October/2019 | 24:36

Local Tech Firms to Upgrade Meteorological Organization

EghtesadOnline: Tapping the capabilities of tech firms and knowledge-based companies in Iran is gaining momentum in various fields, including industrial production, urban development, road construction and weather forecast.
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Publish Date: 08/October/2019 | 06:21

An Overview of Iranian Banks’ Tech Priorities

EghtesadOnline: Iran’s banking sector, for a variety of reasons, has failed to keep up with the rapid pace of technological advancement in most countries since early 2000. However, lenders have resorted to some new approaches towards banking and financial technologies in their quest for not being left too far behind. But much more needs to be done.
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Publish Date: 08/October/2019 | 06:18

Iran's Non-Oil Foreign Trade Tops $42b

EghtesadOnline: Iran's overall non-oil foreign trade (except crude oil, mazut, kerosene and exports via suitcase trade) during the first half of the current Iranian year (March 21-Sept. 22) stood at $ 2.16 billion, indicating a 8.07% decline compared with same period of last year, the Islamic Republic of Iran Customs Administration reported.
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Publish Date: 08/October/2019 | 06:14

Commercial Real-Estate Sector Slumps in Tehran

EghtesadOnline: The glut of shopping malls across some districts of the Iranian capital city over the past few years has practically ended in deadlock for retailers, such that even food courts and movie theaters fail to spur sale.
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Publish Date: 08/October/2019 | 06:11

Need to Move Afghanistan Higher on Foreign Policy Agenda

EghtesadOnline: It is essential for Iran to expand relations with neighboring Afghanistan due to its enormous trade potential that can help bolster the country's economy, an Iranian diplomat said.
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Publish Date: 08/October/2019 | 06:05

H1 Tea Production Exceeds 25K Tons

EghtesadOnline: A total of 111,818 tons of tea leaves have been purchased by the government from local farmers at 3.09 trillion rials ($26.98 million) in the first half of the current fiscal year (started March 21), according to the head of Iran Tea Organization.
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Publish Date: 07/October/2019 | 13:30

Tehran’s New Challenge: Land Subsidence

EghtesadOnline: The earth sinks in some plains in Tehran Province by about 0.5 to 1 millimeter every day, and conditions are more critical in Shahriar and Varamin counties in southwest and south Tehran, managing director of Tehran Regional Water Company said.
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Publish Date: 07/October/2019 | 13:28

Iran Celebrates World Space Week

EghtesadOnline: ICT Minister Mohammad Javad Azari Jahromi and directors of Iran’s space program kick-started a weeklong event that coincides with World Space Week.
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Publish Date: 07/October/2019 | 13:26

Budget Without Oil May Impair Stock Market Performance

EghtesadOnline: With US sanctions on the oil industry taking a toll on the economy, including the national budget, the government has again pledged to reduce dependency on oil exports to zero and prepare the next budget (March 2020-21) without oil revenues.
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Publish Date: 07/October/2019 | 13:34

Zanganeh: Iran Oil Exports Will Continue

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said Sunday Iran will use every possible method to sell its oil, adding that it is the country’s legitimate right.
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Publish Date: 07/October/2019 | 13:21

Shaparak Transactions Down 4%

EghtesadOnline: Transactions conducted through Iran’s payment settlement network, Shaparak, stood at 2.30 billion worth 2.505 trillion rials ($21.88 billion) during the sixth calendar month to September 22.
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Publish Date: 06/October/2019 | 14:15

Opportunity to End Iran-West Impasse Not Lost

EghtesadOnline: The opportunity provided by President Hassan Rouhani's visit to New York to end the deadlock between Tehran and the West was not missed, because the Iranian delegation left the door open for diplomacy, an observer says.
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Publish Date: 06/October/2019 | 14:14

Noticeable Decline in Liquid Fuel Consumption

EghtesadOnline: Consumption of environmentally-unfriendly liquid fuels like diesel and mazut in power plants and farming declined 31% over the past six years, the Oil Ministry's deputy for planning and economic affairs said.
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Publish Date: 06/October/2019 | 14:11

Air Pollution Control Scheme Under Magnifying Glass

EghtesaadOnline: Since a new traffic scheme was launched about 100 days ago in central Tehran for curbing traffic and air pollution, urban managers have ignited debates over its weak and strong points.
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Publish Date: 06/October/2019 | 14:09

Risk Retention Cap for Insurers Announced

EghtesadOnline: A report by the Central Insurance company of Iran (CII), rating domestic insurers based on their risk retention capacity, placed the state-owned Iran Insurance Company at the top of list.
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Publish Date: 06/October/2019 | 14:05