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Agrifood Products Account for Over Half of Iran-EEU Trade

EghtesadOnline: Iran traded 2.52 million tons of agrifood products worth 1.09 billion with the Eurasian Economic Union in the last Iranian year (March 2018-19), according to Shahrokh Shajari, director general of Agriculture Ministry's Export Promotion Bureau.
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Publish Date: 30/October/2019 | 11:37

Water Crisis in Iran: Pushing to the Brink

EghtesadOnline: As access to water becomes a herculean task in countries big and small, an increasing number of regions worldwide are facing a looming crisis that has become a serious cause of concern threatening livelihoods from Afghanistan to Zimbabwe.
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Publish Date: 30/October/2019 | 11:34

National Development Fund of Iran Lends $4.9b in 3 Months

EghtesadOnline: The National Development Fund of Iran, the country’s sovereign wealth fund signed 15 agency contracts with banks to pay $5.8 billion in foreign currency loans during the first quarter of the current fiscal year (March 21- June 21).
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Publish Date: 30/October/2019 | 11:28

Tehran Home Sales Pick Up After Months of Decline

EghtesadOnline: The Central Bank of Iran's latest report on property sales in Tehran shows the number of home deals made in the capital city rose in the seventh month of the current Iranian year that ended on Oct. 22 after months of decline.
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Publish Date: 30/October/2019 | 11:26

Zarif Promotes Hormuz Peace Endeavor at MSC Meeting

EghtesadOnline: Foreign Minister Mohammad Javad Zarif on Tuesday elaborated further on the Hormuz Peace Endeavor proposed by Iran, which is meant to ensure Persian Gulf security through the cooperation of regional governments.
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Publish Date: 30/October/2019 | 11:24

Hormuz Peace Initiative Deserves More Attention

EghtesadOnline: More targeted efforts should be made to promote Iran's regional peace plan, as it can help Middle East prosper in all areas, says a political analyst, who sees great potential in the newly proposed initiative.
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Publish Date: 28/October/2019 | 13:02

Need to Keep Option of Talks on JCPOA Open

EghtesadOnline: Negotiation is the foremost tool in international relations to advance national interests and Iran should not brush it aside as it’s an option to address issues concerning the 2015 nuclear deal, an expert said.
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Publish Date: 28/October/2019 | 13:00

Higher Rainfall Has No Space for Complacency

EghtesadOnline: Since September 23 (the beginning of the current water year), water flowing into dams has reached 2 billion cubic meters -- up 87% compared to last year.
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Publish Date: 28/October/2019 | 24:57

Environment Protection Comes to Iran's Petrochem Sector

EghtesadOnline: In line with its environmental policy, Bandar Imam Petrochemical Company in southwestern Khuzestan Province has started a project to collect and recycle all its wastewater in a single unit that will come online by March, the managing director said.
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Publish Date: 28/October/2019 | 24:54

Dispute Resolution Mechanism for Startups in the Making

EghtesadOnline: The Iranian Judiciary and Iran E-Commerce Union are working on a dispute resolution mechanism for addressing issues facing startups, the union’s spokesperson said.
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Publish Date: 28/October/2019 | 24:48

Iran Retains 10th Rank Among Global Steelmakers

EghtesadOnline: Iranian steel mills produced a total of 19.31 million tons of crude steel during January-September, which indicates a 6% rise compared with the corresponding period of 2018, the latest report released by the World Steel Association shows.
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Publish Date: 28/October/2019 | 24:46

Tea Harvest Season Ends, Gov’t Processed Output Rises 11%

EghtesadOnline: This year’s tea harvest season has come to an end and the government purchased a total of 126,753 tons of green tea leaves from local farmers at 3.43 trillion rials ($30.66 million), the head of Iran Tea Organization said.
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Publish Date: 28/October/2019 | 24:43

SCI Reviews Provincial Consumer Inflation Rates

EghtesadOnline: The growth in overall Consumer Price Index was the highest (3.4%) for Kerman Province in the seventh month of the current Iranian year (Sept. 23-Oct. 22) when compared with the previous month.
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Publish Date: 28/October/2019 | 24:42

Tehran Stock Exchange Deals Hit $18b in 7 Months

EghtesadOnline: More than 599.9 billion shares worth 2,027 trillion rials ($18.1 billion) were traded in 51.42 million deals in the Tehran Stock Exchange during 140 trading sessions in the first seven months of the current fiscal year (started in March).
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Publish Date: 28/October/2019 | 24:40

10% Decline in Precipitation

EghtesadOnline: Since the beginning of the current water year (September 23) precipitation has declined 10% compared to last year. Average rainfall in the 31 provinces was 6 millimeters in the period.
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Publish Date: 26/October/2019 | 14:51

Top Insurer Wants Bigger Market Footprint

EghtesadOnline: Iran Insurance Company, the largest and sole state-owned insurance company, is struggling to increase its share of the market from 30% to 50%.
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Publish Date: 26/October/2019 | 14:50

More ‘Decisive’ Nuclear Steps Likely If Europe Fails to Act

EghtesadOnline: Iran is likely to take more "decisive" measures if the European signatories to the 2015 nuclear deal fail to fulfill their obligations, says a political analyst, who believes it would be a "strategic" mistake if Europe decides to trigger sanctions snapback.
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Publish Date: 26/October/2019 | 14:46

Compliance With FATF Rules Can Improve Economic Prospects

EghtesadOnline: Implementing standards set by the global anti-money laundering watchdog can help improve Iran’s economic conditions and financial transparency, says an expert, who believes that introducing the required reforms is not a top priority for decision-making authorities.
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Publish Date: 26/October/2019 | 14:45