EghtesadOnline: Data released by the Central Bank of Iran show broad money supply increased to 40,680 trillion rials ($150 billion) to Sep.22.
EghtesadOnline: Developing infrastructures to divert water from locations where it is abundant to locations facing a shortage is an unsustainable supply-oriented management policy and can do very little to ease the growing water crisis, an Iranian professor at the Concordia University, Quebec, Canada, said.
EghtesadOnline: All urban population and 96% of rural regions in Kurdestan Province are linked to the natural gas grid, managing director of the provincial gas company said.
EghtesadOnline: Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.
EghtesadOnline: Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered steel and cement production factories to reduce electricity consumption by 10%, otherwise their power supply will be cut.
EghtesadOnline: Oil prices on Wednesday extended the previous day's small gains after an industry report showed US crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as Covid-19 cases surge.
EghtesadOnline: Livestock feed stored in Iran’s ports of entry are sufficient to meet the needs of the production sector for the next three months, according to the CEO of State Livestock Affairs Logistics Company, affiliated with Agriculture Ministry.
EghtesadOnline: Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week caused by a winter storm in Texas.
EghtesadOnline: The Guardians Council–a watchdog that ensures laws are in line with the Constitution and Sharia–rejected on Saturday the Iranian Parliament’s so-called “supply of essential goods to households” proposal, also known as the “third subsidy grant program”.
EghtesadOnline: The government plans to continue subsidizing essential goods in the next fiscal year (March 2021-22).