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Forex, Iran's Worst Performing Market Up Until July

EghtesadOnline: A report published by the economic research department of Tehran Chamber of Commerce, Industries, Mines and Agriculture show that the currency market was the worst-performing market in the first four months (March 20-July 22) of the present fiscal year.
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Publish Date: 07/September/2019 | 11:56

Iran Gov’t Says More Cuts Likely in Cash Subsidy List

EghtesadOnline: The Ministry of Cooperatives, Labor and Social Welfare will initiate the identification of households belonging to the top three high-income deciles as of Sept. 23 to eliminate them from the list of cash subsidy receivers.
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Publish Date: 07/September/2019 | 11:55

Chabahar Port Capacity Remains Largely Untapped

EghtesadOnline: Currently, only 10% of the capacity of Chabahar Port are being utilized, the deputy industries minister for commercial affairs said.
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Publish Date: 07/September/2019 | 11:48

US-China Trade Conflict’s Likely Aftermath for Iran

EghtesadOnline: Will the US-China trade war grow to affect Iran’s economy? Experts present two diverse perspectives on this escalating tension and its impact on Iran’s economy. One group believes that because of Iran’s small economic role in global trade, the country is highly unlikely to be seriously affected by the fallout of trade war whereas another group cites its strong ties with China to express concerns about the seemingly unending conflict’s negative consequences for Iran.
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Publish Date: 07/September/2019 | 11:46

German Appointed New INSTEX Chief

EghtesadOnline: Another German diplomat was appointed president of the trade mechanism designed to settle trade between Iran and Europe, officially known as Instrument in Support of Trade Exchange (INSTEX).
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Publish Date: 07/September/2019 | 11:43

Syria Central Bank Chief Meets Hemmati

EghtesadOnline: Central bank governors of Iran and Syria on Monday discussed bilateral banking issues and prospects for setting-up a joint bank to facilitate financial ties.
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Publish Date: 04/September/2019 | 11:11

Unfair Tariffs Pushing Green Sector Over the Edge

EghtesadOnline: Despite the fact that in the past few years almost 50% of foreign direct investment in Iran’s power sector was in green energy, some 200 companies active in the renewable sector are facing insolvency, board member of Iran Renewable Energy Association (IrREA) said Tuesday.
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Publish Date: 04/September/2019 | 11:06

Iran, France to Intensify Efforts to Save JCPOA

EghtesadOnline: During expert-level consultations in Paris on Monday, Iran and France agreed to intensify efforts for devising solutions to rescue the fraying 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action.
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Publish Date: 04/September/2019 | 11:04

Iran’s Gini Index Up 2.8%

EghtesadOnline: Iran’s Gini Index was at 0.4093 in the last fiscal year (March 2018-19), indicating that the gap between the rich and the poor increased by 0.0112 points or 2.8% compared with the year before (March 2017-18).
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Publish Date: 04/September/2019 | 11:02

Iran: Eleven Million Trading Codes a Telling Evidence

EghtesadOnline: The number of trading codes issued for conducting trade in the capital market crossed 11 million by the end of the calendar month to August 22, according to the head of operations at the Central Securities Depository of Iran.
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Publish Date: 04/September/2019 | 11:00

Iran's NIGC Still Hopeful of Gas Deal With Pakistan

EghtesadOnline: The National Iranian Gas Company does not intend to file a lawsuit against Pakistan in the International Court of Arbitration for not completing the Iran-Pakistan (IP) Pipeline on its territory, the head of the company said.
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Publish Date: 04/September/2019 | 10:58

Russia to Help Build Power Plant in Hormozgan

EghtesadOnline: Iranian and Russian energy ministers have emphasized accelerating the implementation of bilateral projects including a 1,400 megawatt thermal power plant in Sirik County in southern Hormozgan Province.
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Publish Date: 04/September/2019 | 10:57

Tehran Stock Exchange Back in Bull Market

EghtesadOnline: Tehran stocks rebounded on Tuesday after a brief correction phase a day earlier, getting back to the upbeat trend that started two weeks earlier.
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Publish Date: 04/September/2019 | 10:55

Jahromi Defends ICT Performance

EghtesadOnline: Iran’s ICT minister has often come under fire from hardliners that he “has not done enough for blocking VPN and proxy services”.
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Publish Date: 04/September/2019 | 10:53

Indigenous Rolling Stock Worth $322m Join Iran’s Rail Network

EghtesadOnline: A total of 213 domestically-made rolling stock worth 36,625 billion rials ($322 million) joined Iran's railroad network during a ceremony attended by Roads Minister Mohammad Eslami and the head of the Islamic Republic of Iran Railways, Saeed Rasouli, on Tuesday.
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Publish Date: 04/September/2019 | 10:52

Iranian Port Operations Rise

EghtesadOnline: More than 61.36 million tons of commodities were loaded and unloaded in Iran’s 21 commercial ports during the first five months of the current Iranian year (March 21-Aug. 22) to register a 2.36% rise compared with the corresponding period of last year.
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Publish Date: 04/September/2019 | 10:49

Parliament Confirms Education, Cultural Heritage Ministers

EghtesadOnline: Lawmakers on Tuesday approved President Hassan Rouhani's nominees to take the helms of Education Ministry and the newly-established Ministry of Cultural Heritage, Handicrafts and Tourism.
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Publish Date: 04/September/2019 | 10:47

Deescalated Efforts Could Help Improve Iran's Trade With UAE

EghtesadOnline: The new approach adopted by Iranian and Emirati authorities toward deescalating tensions and protecting regional security could help improve trade between the two neighboring countries in the current fiscal year (2019-20) compared with last year.
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Publish Date: 04/September/2019 | 10:44

Rebel Lawmakers Launch Bid to Stop No-deal Brexit

EghtesadOnline: British Prime Minister Boris Johnson warned members of his own party that if they did not vote with the government when the country’s parliament returns on Tuesday from a summer break, they would undermine the UK’s position in talks with the EU, as his administration rushes to refashion a new Brexit deal before October 31.
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Publish Date: 04/September/2019 | 10:42