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15% Rise in Iran's Tea Production

EghtesadOnline: More than 98,479 tons of fresh tea leaves have so far been purchased by the government from local farmers for 2.78 trillion rials ($23.96 million), which shows a 15% rise compared with the similar period of last year.
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Publish Date: 26/August/2019 | 24:34

Tehran Stocks Dip 0.2%

EghtesadOnline: The main gauge of Tehran Stock Exchange fell more than 760 points on Sunday as investor sentiments for buying shares abated following a weeklong bullish market.
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Publish Date: 26/August/2019 | 24:33

Iran Power Sector Expanding Frontiers

EghtesadOnline: Energy Minister Reza Ardakanian said the ministry's annual turnover [export revenue not included] stands at $2 billion.
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Publish Date: 26/August/2019 | 24:31

Iran: Essential Goods Imports Up 67%

EghtesadOnline: A total of 11 million tons of essential goods have been imported via Iranian ports in the first five months of the current Iranian year (March 21-Aug. 22), an official with Ports and Maritime Organization of Iran said.
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Publish Date: 26/August/2019 | 24:29

Zarif Meets French FM on Sidelines of G7 Summit

EghtesadOnline: Foreign Minister Mohammad Javad Zarif has traveled to Biarritz, France, on Saturday to meet his French counterpart, Jean-Yves Le Drian, on the sidelines of the G7 Summit held at the Atlantic seaside resort.
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Publish Date: 26/August/2019 | 24:25

SCI Reviews Iranian Household's Income, Expenses in Fiscal 2018-19

EghtesadOnline: Iranian households living in urban areas spent an average of 393,227,000 rials ($3,389) in the last Iranian year (March 2018-19), 19.3% more than in the preceding year, the latest report by the Statistical Center of Iran shows.
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Publish Date: 26/August/2019 | 24:22

Iran Remains 10th Biggest Global Steel Producer

EghtesadOnline: Iranian steel mills produced a total of 14.98 million tons of crude steel during the first seven months of 2019, which indicate a 6.4% rise compared with the corresponding period of 2018, the latest report released by the World Steel Association shows.
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Publish Date: 26/August/2019 | 24:02

Leader's Clemency for Over 1,000 Prisoners

EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei pardoned or commuted the sentences of 1,070 prisoners convicted by Iranian courts.
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Publish Date: 25/August/2019 | 11:43

Larijani: JCPOA Was No Mistake

EghtesadOnline: The nuclear agreement signed with world powers in 2015 was not a mistake, although it has become a cause for tensions following the United States' withdrawal last year, Iran's top lawmaker said.
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Publish Date: 25/August/2019 | 11:40

Iran: Handicrafts Exports Hit $580m

EghtesadOnline: A total of $580 million worth of handicrafts were exported from Iran in the last fiscal year (March 2018-19).
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Publish Date: 25/August/2019 | 11:36

Rapid Expansion Plans for Tehran Subway Underway

EghtesadOnline: Two more stations along the eastern flank of Tehran Metro’s Line 7 came on stream on Wednesday, CEO of Tehran Urban and Suburban Railway Company announced.
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Publish Date: 25/August/2019 | 11:34

Zero Flaring Projects Deliver

EghtesadOnline: To reduce gas flaring in Khuzestan Province to zero the construction of a plant to collect 1.5 million cubic meters of associated petroleum gas, or APG, per annum is completed, managing director of Arvandan Oil and Gas Company said Wednesday.
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Publish Date: 25/August/2019 | 11:33

Iran Telecom Operators Growing Fastest in MENA

EghtesadOnline: GSMA Association says Iran is among the fastest growing countries in the Middle East and North Africa region and the world in terms of developing mobile communications.
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Publish Date: 25/August/2019 | 11:31

New Government-Backed Plan for Supporting Startups in Iran

EghtesadOnline: To promote technological firms and startups, the Ministry of Cooperatives, Labor and Social Welfare has reached an agreement with the Electronic Support Fund for Research and Development, affiliated to the Industries Ministry.
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Publish Date: 25/August/2019 | 11:27

Third-Party Vehicle Insurance Disliked

EghtesadOnline: CEO of the government-owned Iran Insurance Company says the fact that insurer has to pay 20% of third party vehicle premiums to relevant bodies has given rise to prospects for loss-making.
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Publish Date: 25/August/2019 | 11:26

Leader Recommends Ways of Reinforcing Economy

EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Wednesday that bolstering the economy by reducing reliance on oil and promoting small- and medium-sized enterprises can help the country use sanctions to its advantage.
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Publish Date: 25/August/2019 | 11:23