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Contact Lens Solution Imports Top 180 Tons

EghtesadOnline: More than 187 tons of contact lens solution worth $2.24 million were imported into Iran from nine countries during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran customs Administration show.
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Publish Date: 14/August/2018 | 05:50

Iran: Airfares Skyrocket in Wake of Forex Crisis

EghtesadOnline: The Civil Aviation Organization of Iran issued a directive on Thursday, saying that the foreign currency needed by airlines to finance their ongoing operations would be determined at the rates set by the Central Bank of Iran’s Sana system, as the government would no longer supply forex at subsidized rates.
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Publish Date: 14/August/2018 | 05:46

Certified Exchangers List Gets Longer

EghtesadOnline: The Central Bank of Iran has released the updated list of certified exchange bureaux currently active in the country, as it pursues a crackdown on unlicensed moneychangers that have proven a bane of the country's currency market.
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Publish Date: 14/August/2018 | 05:42

FTZ Rules Revised

EghtesadOnline: First Vice President Es’haq Jahangiri has issued a directive to government agencies laying out the details of latest revisions to foreign currency and order-placement regulations in free trade zones.
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Publish Date: 14/August/2018 | 05:38

Iran, South Africa Explore Investment Opportunities

EghtesadOnline: A delegation from Trade and Investment South Africa paid a visit to Tehran Chamber of Commerce, Industries, Mines and Agriculture last week to meet with private sector economic players and assess South Africa’s trade relationship with Iran.
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Publish Date: 13/August/2018 | 04:52

Non-Oil Trade With Thailand Tops $420m

EghtesadOnline: Iran traded 882,078 tons of non-oil commodities worth $426.78 million with Thailand during the first four months of the current fiscal year (March 21-July 22), registering a 16.08% and 30.07% growth in tonnage and value respectively compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s statistics indicate.
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Publish Date: 13/August/2018 | 04:50

Ban on Rice Imports Pushed Back

EghtesadOnline: The Ministry of Agriculture has announced that the ban on rice imports will be postponed this year.
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Publish Date: 13/August/2018 | 04:48

Major Copper Mine Plans Capacity Expansion

EghtesadOnline: Sarcheshmeh Copper Complex is planning to boost its copper concentrate output capacity from the current 600,000 tons to over 1 million tons by 2022, the company’s deputy manager, Mohammad Ziaodini, said.
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Publish Date: 13/August/2018 | 04:44

Int’l Coffee Festival Returning for Year Two

EghtesadOnline: Internationally speaking, the Iranian coffee community has fallen on hard luck. When the Specialty Coffee Associations of America and Europe joined forces under the singular SCA banner, the global group was organized under the laws of California as a mutual benefit corporation.
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Publish Date: 13/August/2018 | 04:41

Capping Bank Numbers on CBI Agenda

EghtesadOnline: The Central Bank of Iran seeks to halt an increase in the number of banks and is open to merger proposals, a deputy governor of CBI said.
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Publish Date: 13/August/2018 | 04:40

In Search of Economic Savior

EghtesadOnline: Everyone starts looking for that single savior of economy at times of crises and this time around, the search began right after the political and social developments of the second half of last year (Sept. 23, 2017-March 20, 2018) and the exponential rise in the value of foreign currencies and gold coin.
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Publish Date: 13/August/2018 | 04:39

Indebted CHP Plants Not to Receive Feedstock Gas

EghtesadOnline: Some domestic combined heat and power (CHP) plants owe millions of dollars to the state-owned National Iranian Gas Company for the natural gas they received in the past few years for use as feedstock, NIGC’s deputy for gas distribution said.
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Publish Date: 12/August/2018 | 07:02

Iran Auto Parts Industry Under the Cosh

EghtesadOnline: Few days after the introduction of government's new forex policy, local parts makers have expressed deep concern over the fate of their business.
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Publish Date: 12/August/2018 | 06:57

Pastry Exports Exceed 24K Tons

EghtesadOnline: Iran exported 24,935 tons of pastry worth $68 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: 12/August/2018 | 05:43

Sequin Imports at $1.1m

EghtesadOnline: More than 434 tons of sequins worth $1.12 million were imported into Iran during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration showed.
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Publish Date: 12/August/2018 | 05:42

Iran's Saffron Exports Grow 25% to $98m in 4 Months

EghtesadOnline: More than 70.8 tons of saffron worth nearly $98.35 million were exported from Iran to 49 countries during the first four months of the current fiscal year (March 21-July 22), registering a 21.6% and 25.1% growth in weight and value respectively compared with the corresponding period of last year.
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Publish Date: 12/August/2018 | 05:41

Iran's Non-Oil Trade With Pakistan Tops $500m

EghtesadOnline: Iran traded 1.02 million tons of non-oil commodities worth $504.48 million with Pakistan during the first four months of the current fiscal year (March 21-July 22).
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Publish Date: 12/August/2018 | 05:38

A Survey of Salaries in Iran’s Employment Market

EghtesadOnline: Salary level has always been a sticking point among job seekers and employers. Many factors play a role in determining salaries at the organizational level of companies. However, it seems that in the Iranian job market, experience and university degrees play a more significant role on the level of salaries.
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Publish Date: 12/August/2018 | 05:33

Cigarette Tax Revenues Rise 59%

EghtesadOnline: The government earned 1.4 trillion rials ($15.21 million) from cigarette tax in the first quarter of the current fiscal year (March 21-June 21).
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Publish Date: 12/August/2018 | 05:32

Iran’s Currency Conundrum Affecting Afghan Economy

EghtesadOnline: Migrant workers squeezed into battered taxis pull into the Four Seasons of Freedom Hotel in western Afghanistan, part of a wave of Afghans forced to leave Iran after a currency implosion wiped out their earnings.
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Publish Date: 12/August/2018 | 05:22