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Municipalities Raise $110m via Bond Sales in Iran

EghtesadOnline: A report by the Central Bank of Iran on the participatory bond market said municipalities in major urban areas sold more than 12.5 trillion rials ($110 million) worth of participatory bonds up until the end of first quarter of the present fiscal year to June 21.
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Publish Date: 16/September/2019 | 11:32

KSC Top Steel Exporter During 5 Months to Aug. 22

EghtesadOnline: With a total of 887,543 tons of exports in the first five months of the current fiscal year (March 21-Aug. 22) and 174,772 tons in the fifth month (July 23-Aug. 22), Khouzestan Steel Company was Iran's biggest exporter of steel during the period under review.
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Publish Date: 16/September/2019 | 11:30

32% Decline in Iran's Aluminum Output

EghtesadOnline: Major Iranian aluminum producers' output during the first five months of the current Iranian year (March 21-Aug. 22) stood at 103,593 tons, which indicates a 32% decrease compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization's latest report shows.
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Publish Date: 16/September/2019 | 11:27

Iran E-Commerce Market Worth Over $18 Billion

EghtesadOnline: E-commerce accounts for 10.4% of Iran’s GDP with the market’s nominal value standing at 2.08 quadrillion rials ($18.4 billion), E-Commerce Development Center of Iran reports.
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Publish Date: 16/September/2019 | 11:25

South Pars Phase 11 Development May Go to Petropars

EghtesadOnline: Domestic companies will start operations to develop Phase 11 of the South Pars Gas Field in the Persian Gulf in October, managing director of Pars Oil and Gas Company, a subsidiary of state-owned National Iranian Oil Company that oversees the development of gas fields said.
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Publish Date: 16/September/2019 | 11:22

Parliament Censured Over Rush to Rewrite Iran's Trade Law

EghtesadOnline: Economic analysts and businesspeople have time and again called for reforming Iran’s decades-old Trade Law. However, they also strongly disapprove of legislators’ ongoing rush to pass the new reform bill.
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Publish Date: 16/September/2019 | 11:20

US Charges on Saudi Attacks Aim to Mar Tehran's Image

EghtesadOnline: The United States' allegations against Iran about the Saturday attacks on Saudi Arabian oil installations resemble plans by “secret services” to tarnish a country's image to prepare the ground for future plots, the Iranian Foreign Ministry’s spokesman said.
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Publish Date: 16/September/2019 | 11:18

Top Council Extends Central Bank of Iran's Forex Mandate

EghtesadOnline: The Supreme Council of Economic Coordination extended the authority of the central bank governor, Abdolnasser Hemmati, for one more year to intervene and regulate the foreign exchange market, the government spokesperson said at the weekend.
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Publish Date: 16/September/2019 | 11:15

Industries Financed Mainly by Lenders

EghtesadOnline: Banks met nearly 57% of industrial units' capital need in the last Iranian fiscal year (ended March 2019), says a deputy minister of industries.
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Publish Date: 15/September/2019 | 10:47

Europeans Underscore Full Support for Nuclear Deal

EghtesadOnline: The European parties to Iran's nuclear deal on Friday reiterated their full support for the agreement while emphasizing the need for diplomacy and dialogue in light of Tehran's decision to further cut its nuclear commitments.
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Publish Date: 15/September/2019 | 10:45

Chronic Inflation Damages Economic Growth Prospects

EghtesadOnline: Chronic inflation, which stems from economic imbalances, ruins economic growth, Masoud Nili, a prominent economist and professor of economics at Sharif University of Technology, says.
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Publish Date: 15/September/2019 | 10:38

Petropars to Develop Iran's Belal Gas Field

EghtesadOnline: Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $440m contract Saturday with domestic company Petropars to develop Belal Gas Field in the Persian Gulf.
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Publish Date: 15/September/2019 | 10:35

Debate Flares Again Over Halting Pride’s Production

EghtesadOnline: The long-running debate over halting the production of SAIPA’s small car Pride has reignited, after Iran Traffic Police chief said license plates will not be issued for the vehicle as of March 2020.
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Publish Date: 15/September/2019 | 10:33

Tehran Stocks Exchange Hitting Record Highs

EghtesadOnline: The Tehran Stock Exchange benchmark crossed the psychological level of 300,000 points on Saturday, extending a winning streak into the sixth day.
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Publish Date: 15/September/2019 | 10:31

Iran Most Affordable Tourist Spot in World

EghtesadOnline: Iran has been ranked first worldwide in terms of price competitiveness in the World Economic Forum's "Travel & Tourism Competitiveness Report 2019" with a score of 6.7.
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Publish Date: 15/September/2019 | 10:29

Tehran Eyes Electric Cabs

EghtesadOnline: Tehran’s Taxi Organization is in talks with the government to accelerate the long-awaited plan to gradually induct electric vehicles into the capital's taxi fleet and establish the required infrastructures.
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Publish Date: 14/September/2019 | 24:04

Partnership Loans Attractive

EghtesadOnline: Data about loans given by banks and credit institutions based on different Islamic banking contracts show “partnership loans” had the biggest share by the end of the third quarter of the present fiscal year on June 21.
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Publish Date: 14/September/2019 | 24:01