INDICES
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East Azarbaijan Accounts for 24% of Domestic Steel Output
EghtesadOnline: East Azarbaijan Province in northeastern Iran is home to 30 steel production units and annual earns $100 million from steel exports.
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Iran's Non-Oil Trade With Indonesia Up 13%
EghtesadOnline: Iran traded 1.63 million tons of non-oil commodities worth $676.78 million with Indonesia during the first nine months of the current fiscal year (March 21-Dec. 21), registering a 5.12% and 13.1% growth in tonnage and value respectively compared with last year's corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
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Tehran Stock Exchange Closes Higher on Tuesday
EghtesadOnline: Tehran Stock Exchange’s main index TEDPIX gained 749.14 points or 0.45% on Monday to end trading at 165,445.5.
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Goods Transit via Iran Exceeds 7 Million Tons
EghtesadOnline: More than 7.06 million tons of oil and non-oil commodities were transited through Iran’s 32 land and marine borders during the first nine months of the current Iranian year (March 21-Dec. 21) to register a 4% rise compared with the corresponding period of last year.
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Japan Banks Set to Resume Iran Oil Transactions
EghtesadOnline: Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month, sources with direct knowledge of the matter told S&P Global Platts Tuesday.
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Subsidized Imports Spur Smuggling of Essential Goods From Iran
EghtesadOnline: S ugar cubes, tomato paste, rice, fish, eggs and many other products categorized by the government as “essential goods”, importers of which get subsidized foreign currency, are now popping up in shops of neighboring countries.
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Iranian Startups Need Affirmative Action: Report
EghtesadOnline: A bloated bureaucracy, red tape and lack of well-defined and unambiguous legal frameworks regarding copyright and user privacy are the main hurdles Iranian startups and e-commerce firms say they are grappling with.
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Iran Satellite Did Not Reach Orbit
EghtesadOnline: Iran’s bid to put into orbit a micro-class non-military satellite named Payam failed due to technical problems during launch.
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Iran a Reliable Partner for Iraqi Kurdistan
EghtesadOnline: Foreign Minister Mohammed Javad Zarif spotlighted Iran’s reliability as a business partner during his visit to Erbil in Iraqi Kurdistan on Tuesday.
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Iran: Regulated Forex Market Structure Announced
EghtesadOnline: In a meeting attended by officials from the Central Bank of Iran and an association comprising players in upcoming regulated forex market on Monday, details of the mechanisms of the new market were announced.
