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Iran Steel Exports Decline 12%

EghtesadOnline: Major Iranian steelmakers exported 2.24 million tons of steel during the first four months of the current fiscal year (March 21-July 22) to register a year-on-year decline of 12%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
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Publish Date: 17/August/2019 | 10:34

Iranian Hajj Pilgrims Begin to Return on Aug. 16

EghtesadOnline: The first group of Iranian hajj pilgrims returned home on Friday, leaving Medina in Saudi Arabia for Sari International Airport located in Sari, the capital of Iran's northern Mazandaran Province.
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Publish Date: 17/August/2019 | 10:32

South Pars Gas Field to Boost Output

EghtesadOnline: In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the third offshore deck of SP Phase 23 was shipped Wednesday to its designated location, the deputy in charge of developing phases 22-24 said.
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Publish Date: 17/August/2019 | 10:28

Zarif Due in Kuwait Before Scandinavia Tour

EghtesadOnline: Foreign Minister Mohammad Javad Zarif is to leave Tehran for Kuwait on Saturday, the Foreign Ministry’s spokesman announced.
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Publish Date: 17/August/2019 | 10:26

MRC Castigates Evasion of NDFI Lending Rules

EghtesadOnline: In a report on the misuse of the National Development Fund of Iran, the Majlis Research Center says a large part of the sovereign wealth fund has been used in sectors outside the purview of the fund.
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Publish Date: 17/August/2019 | 10:24

$5.5m Invested in Khorasan Razavi’s ICT Projects

EghtesadOnline: A total of 650 billion rials ($5.5million) have been allocated to upgrade the ICT infrastructures in the northeastern province of Khorasan Razavi in the current Iranian year (started March 21).
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Publish Date: 14/August/2019 | 24:15

Official Upbeat About Release of Oil Tanker by Britain

EghtesadOnline: A senior Iranian official expressed hope that the recent exchange of relevant documents signals the imminent release of the Iranian oil tanker detained by Britain.
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Publish Date: 14/August/2019 | 24:13

Massive Inflow of US Arms Into Region Denounced

EghtesadOnline: Foreign Minister Mohammad Javad Zarif chided the United States for transforming the Persian Gulf into a "tinderbox" with its massive arms sales to regional allies.
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Publish Date: 14/August/2019 | 24:11

3 Iranian Petrochem Companies Report Growth Rates

EghtesadOnline: Shimibaft Petrochemical Plant in the southern city of Mahshahr, Khuzestan Province, has increased output and reported 7% growth in the first quarter of the current calendar year (began March) compared to the same period last year, managing director of the company said.
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Publish Date: 14/August/2019 | 24:10

Iran: Contraband Worth $2.8m Seized in One Month

EghtesadOnline: A total of 327 billion rials ($2.8 million) worth of contraband were confiscated by the Consumers and Producers Protection Organization and inspectors of the industries, mining and trade organizations of Iranian provinces during the fourth month of the current fiscal year (June 22-July 22).
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Publish Date: 14/August/2019 | 24:06

Structural Reforms First, Rial Revaluation Later

EghtesadOnline: Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture says lopping off zeros from the national currency will not produce the desired results unless the initiative is intertwined with structural reforms.
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Publish Date: 14/August/2019 | 24:05

Iran Bitumen Exports in Jeopardy

EghtesadOnline: Due to the rising cost of raw materials, prices of bitumen have gone so high that no one wants to buy it anymore.
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Publish Date: 14/August/2019 | 24:04

Tehran Market: Gold Shines as Bubbles Deflate

EghtesadOnline: Traditionally influenced by domestic currency rates, Iran’s gold market has moved away and taken a different route since the past week amid soaring prices in global markets.
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Publish Date: 14/August/2019 | 24:02

Tehran Stocks Hit New Peaks

EghtesadOnline: The main gauge of Tehran Stock Exchange climbed 1,221 points or 0.48% on Tuesday to enter the 257,000-point channel for the first time in its history.
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Publish Date: 14/August/2019 | 24:01

Iran: Use of Fuel Cards Starts in 4 Mega Cities

EghtesadOnline: After a 2-day delay, the first phase of using fuel cards at the filling stations commenced on Tuesday (August 13) in four mega cities, namely Tehran, Karaj, Isfahan and Tabriz.
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Publish Date: 14/August/2019 | 11:59

Iran to Enforce Green Tax

EghtesadOnline: Tax will be levied on products that cause environmental damage in their manufacture or use, an official with the Iranian National Tax Administration said.
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Publish Date: 14/August/2019 | 11:57

Moscow’s JCPOA Policy ‘Unchanging’

EghtesadOnline: The Russian premier reaffirmed support for the 2015 nuclear deal between Iran and world powers, saying Moscow's policy regarding the Joint Comprehensive Plan of Action is "consistent" and "unchanging".
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Publish Date: 14/August/2019 | 11:51