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Demand Driving Iran Petrochemical Sector

EghtesadOnline: With domestic and international demand rising at a rapid pace, investment in the key petrochemical industry, now around $80 billion, will reach $108 billion by 2027, managing director of the National Petrochemical Company said.
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Publish Date: 18/January/2021 | 15:45

New Chief for ISIPO

EghtesadOnline: Minister of Industries, Mining and Trade Alireza Razm-Hosseini has appointed Ali Rasoulian as the new head of the board of directors of Iran’s Small Industries and Industrial Parks Organization.
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Publish Date: 18/January/2021 | 15:42

Afghan Returnees From Iran Hit Record High

EghtesadOnline: The number of Afghan migrants returning home from Iran hit an unprecedented high of 800,109 during the first 11 months of 2020.
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Publish Date: 18/January/2021 | 15:40

Iran, Afghanistan Approve Agreement on Int’l Rail Link

EghtesadOnline: The parliaments of Afghanistan and Iran have approved an agreement on the international rail link that will pave the way for a new railroad border between the two neighboring states.
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Publish Date: 13/January/2021 | 17:41

Facemasks Exported to Nine Countries

EghtesadOnline: Atotal of 9.2 tons of facemasks worth $206,000 were exported from Iran to nine countries during the first eight months of the current Iranian year (March 20-Nov. 20, 2020), data released by Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Economic Evaluations Department show.
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Publish Date: 13/January/2021 | 17:40

Opening a Bank Account Got Harder

EghtesadOnline: In line with measures to improve security and transparency of bank transactions, the Central Bank of Iran said it plans to block unidentified transactions in less than two weeks.
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Publish Date: 13/January/2021 | 17:37

Q3 Unemployment Rate at 9.4%

EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 15 and above, stood at 9.4% in the third quarter of the current fiscal year (Sept. 22-Dec. 20, 2020), indicating a 1.2% decline compared with the same period of last year.
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Publish Date: 11/January/2021 | 20:05

Iran to Collaborate With Cuba on Covid-19 Vaccine

EghtesadOnline: Cuba said it has signed an accord with Iran to transfer the technology for its most advanced coronavirus vaccine candidate and carry out last-stage clinical trials in humans in Iran.
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Publish Date: 11/January/2021 | 20:04

Iran: Forex and Gold Come Back

EghtesadOnline: Foreign exchange and gold prices closed higher on Sunday in Tehran's forex market paring losses in previous sessions.
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Publish Date: 11/January/2021 | 20:02

Self-Declaration Accounts for 70% of Tax Revenues

EghtesadOnline: Self-declaration of tax by guilds accounts for 70% of the government’s tax revenues, a deputy head of Iranian National Tax Administration said, adding that plans are to increase the figure to 90% in two years.
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Publish Date: 10/January/2021 | 15:50

Q1-3 Exports From Bushehr at $4.3b

EghtesadOnline: Exports from the southern Bushehr Province during the first nine months of the current Iranian year (started March 20, 2020) stood at 18.95 million tons worth $4.36 billion.
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Publish Date: 10/January/2021 | 15:47

Currency and Gold Fall in Iran

EghtesadOnline: Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels.
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Publish Date: 10/January/2021 | 15:44

Iran to Vaccinate 60 Million Against Covid-19 in 4 Phases

EghtesadOnline: President Hassan Rouhani on Saturday outlined the government’s four-phase Covid-19 vaccination plan that promises to give 60 million Iranians access to the vaccine in order of priority, based on the extent of exposure and vulnerability to the infectious disease.
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Publish Date: 10/January/2021 | 15:41

Iran's CB Says Monetary Variables in Check

EghtesadOnline: Growth in key monetary variables, including money supply and the monetary base, lost momentum in the calendar month to Dec. 20, the Central Bank of Iran said.
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Publish Date: 10/January/2021 | 15:39

Industrial Permits Reviewed

EghtesadOnline: Atotal of 3.13 quadrillion rials ($12.12 billion) worth of investment was made in industrial units with establishment permits, while projects with operating licenses received more than 1.36 quadrillion rials ($5.29 billion) in the first eight months of the current Iranian year (March 20-Nov. 20).
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Publish Date: 09/January/2021 | 17:50

Online Exhibition on Iranian Exports to Iraq Slated for February

EghtesadOnline: An exclusive online exhibition for Iranian exports to Iraq is scheduled to be held from Feb. 1-7, according to the director general of Arab and African Trade Affairs Department of the Trade Promotion Organization of Iran.
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Publish Date: 09/January/2021 | 17:49

Gold Market Retreats

EghtesadOnline: Gold prices in Iran slipped on Thursday influenced more from trends in international markets than domestic forex rates.
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Publish Date: 09/January/2021 | 17:47

CBI Hopes Calm Will Return to Markets

EghtesadOnline: The governor of Central Bank of Iran said he hopes stability in financial markets would be restored in the coming weeks as "excitement arising from political developments ebbs".
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Publish Date: 09/January/2021 | 17:44

Iraq Waiting for Resumption of Iran Gas Supply

EghtesadOnline: Iraq is still waiting for Iran to resume supplying the country with sufficient amounts of gas for power generation, after the US granted Baghdad a 90-day waiver to continue to import electricity from Tehran on Dec. 30.
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Publish Date: 07/January/2021 | 18:08