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Non-Oil Trade With Kuwait Tops $100m

EghtesadOnline: Iran traded 1.30 million tons of non-oil commodities worth $108.92 million with Kuwait during the first four months of the current Iran ian fiscal year (March 21-July 22), registering an 89.95% and 4.85% increase 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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Publish Date:26/August/2018 | 24:46

Raisin Exports Earn $12m in 4 Months

EghtesadOnline: Iran exported 11,077 tons of raisins worth $12.77 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration’s show.
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Publish Date:26/August/2018 | 24:43

Joint Agro Machinery Production With Armenia

EghtesadOnline: Iran and Armenia signed a memorandum of understanding last week on joint production of agricultural machinery, Iran ’s commercial attaché to Armenia, Mohsen Rahimi, said.
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Publish Date:26/August/2018 | 24:41

Private Firms Grapple With Systemic Barriers

EghtesadOnline: A significant number of private owners and managers of financial, industrial and commercial firms are watching in dismay, as their businesses are falling apart at warp speed.
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Publish Date:26/August/2018 | 24:40

Gov’t to Build 2 New Towns

EghtesadOnline: The Iran ian government will commence the process of building two new towns in the southern Chabahar County in Sistan-Baluchestan Province from next week, the newly-appointed CEO of the New Towns Development Company said.
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Publish Date:26/August/2018 | 05:45

CBI Moves to Sideline USD

EghtesadOnline: As part of the latest measure to ditch the US dollar from the country's transactions, the Central Bank of Iran has removed the American currency from the list of Sanarate.ir, the website reporting the exchange rate of foreign currencies based on exchange bureaux information.
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Publish Date:26/August/2018 | 05:44

Bank Loans Hit €18 Billion in 4 Months

EghtesadOnline: Banks and credit institutions allocated a total of 1.67 quadrillion rials (€17.92 billion) to various sectors of the economy during the first four months of the current fiscal year that ended on July 22, the Central Bank of Iran ’s data show.
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Publish Date:26/August/2018 | 05:38

Iran , Italy Maintain Banking Ties Despite Sanctions

EghtesadOnline: Albeit facing many barriers at a low level, banking ties between Iran and Italy have not been fully severed despite the fact that the first round of US sanctions has snapped back, the president of Iran -Italy Chamber of Commerce said.
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Publish Date:26/August/2018 | 05:36

Europe Looks to Bypass Iran Payment Embargo

EghtesadOnline: Europe should look to bypass US payment systems by creating its own financial channels on the lines of a European monetary fund and international bank transfer system like SWIFT, Germany's foreign minister has said.
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Publish Date:26/August/2018 | 05:31

Amendments to New FX Policy Introduced

EghtesadOnline: New amendments were introduced into Clause V of the government’s new foreign currency policy on imports during a Cabinet meeting held last week.
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Publish Date:26/August/2018 | 05:22

Onion Exports Earn $22m in 4 Months

EghtesadOnline: Iran exported 65,480 tons of onions worth $22.25 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration show.
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Publish Date:20/August/2018 | 06:46

Hoarded Goods Worth $40m Confiscated in Tehran

EghtesadOnline: Essential goods worth 3.2 trillion rials (around $40 million) hoarded in nine warehouses of Tehran Province have been confiscated by police over the last week, the commander of Tehran’s Law Enforcement Force said.
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Publish Date:20/August/2018 | 06:44

Iran 's Non-Oil Trade With Japan Exceeds $310m

EghtesadOnline: Iran traded 276,030 tons of non-oil commodities worth $312.41 million with Japan during the first four months of the current fiscal year (March 21-July 22), registering a 40.9% and 13.71% decrease 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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Publish Date:20/August/2018 | 06:43

4% Decline in Last Year’s Red Meat Production

EghtesadOnline: A total of 429,000 tons of red meat were produced in Iran ’s officially registered slaughterhouses during the past fiscal year (March 2017-18), registering a 4% decline compared to the year before, the Statistical Center of Iran reported on its website.
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Publish Date:20/August/2018 | 06:42

Press Iron Imported From 9 Countries

EghtesadOnline: More than 1,291 tons of press iron worth $7.34 million were imported into Iran from nine countries during the last Iran ian year (March 2017-18), based on figures released by the Islamic Republic of Iran Customs Administration.
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Publish Date:20/August/2018 | 06:40

Iran : Goods Clearance Eased As Customs Terminals Face Rising Cases of Abandoned Imports

EghtesadOnline: An increasing number of consignments have been piling up at customs terminals of major Iran ian ports, without being claimed by their owners. The issue took center-stage at Saturday’s joint meeting between the representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture (embodying the private sector) and the government.
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Publish Date:20/August/2018 | 06:39

Home Savings Deposits Cross $2 Billion

EghtesadOnline: Major savings initiatives in Iran aimed at easing home purchase and construction have continued to grow since the current Iran ian year began on March 21.
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Publish Date:20/August/2018 | 04:18

New Foreign Exchange Policy: Exporters’ Savior or Bane?

EghtesadOnline: The new forex policy, announced last week by the Central Bank of Iran , which will partially remove the ceiling for the price of the dollar and allow more freedom for market changes, has sparked a great deal of controversies.
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Publish Date:20/August/2018 | 04:17

Domestic Shoe Industry Hit by Raw Material Shortage

EghtesadOnline: Domestic shoe production has declined by over 70%, the head of Handmade Shoemakers and Sellers Union said, as raw materials needed by the producers have not been cleared from the customs due to foreign currency fluctuations.
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Publish Date:19/August/2018 | 04:34