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Thermal Power Plants Now No More Viable in Iran

EghtesadOnline: In a water-stressed country like Iran generating electricity via thermal power plants which consume massive amounts of water cannot be a viable option anymore.
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Publish Date:29/September/2018 | 14:00

Iran ’s CB Allowed to Intervene in Forex Market

EghtesadOnline: The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major currencies.
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Publish Date:30/September/2018 | 05:42

CBI Puts YOY Inflation at 31.4%

EghtesadOnline: The goods and services Consumer Price Index for urban areas for the Iran ian calendar month ending Sept. 22, increased by 31.4% compared with the similar month of last year, the Central Bank of Iran announced in its latest report.
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Publish Date:29/September/2018 | 13:55

Worldsteel: Iran Steel Output Rises 21% in Jan.-Aug.

EghtesadOnline: Iran ian steel mills produced a total of 16.43 million tons of crude steel during the first eight months of 2018, up 21.6% compared with last year’s corresponding period.
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Publish Date:29/September/2018 | 05:58

Zarif: 7 Central Banks Will Join EU's New Iran Payment System

EghtesadOnline: Seven central banks have agreed to establish a special payments channel to facilitate payments for Iran and turn this channel into an institution in the future, Foreign Minister Mohammad Javad Zarif said, answering a question about the details of the payment mechanism announced by the EU.
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Publish Date:29/September/2018 | 05:51

Laughter at Trump speech a sign of U.S. isolation: Iran guards chief

EghtesadOnline: Laughter during U.S. President Donald Trump’s speech to the U.N. General Assembly was a sign of the United States’ isolation, the head of Iran ’s elite Revolutionary Guards said on Wednesday, Fars News reported.
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Publish Date:26/September/2018 | 24:49

Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes

EghtesadOnline: The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70 million) worth of bonds and sukuk for financing Iran Air’s new plane orders.
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Publish Date:26/September/2018 | 06:57

Iran 's CFT Convention Bill Back in Majlis

EghtesadOnline: The government bill that allows Iran to join the international Convention for the Suppression of the Financing of Terrorism is back on the Majlis floor after the two-month hiatus had stalled the key legislation relating to Iran 's Action Plan with the Financial Action Task Force.
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Publish Date:29/September/2018 | 05:55

Iran Parliament Approves 2 FATF Bills

EghtesdOnline: Lawmakers on Tuesday approved two bills related to the Iran Action Plan with the intergovernmental Financial Action Task Force. The Guardian Council had earlier found faults with the two bills and sent it back to the legislature for reconsideration.
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Publish Date:26/September/2018 | 06:45

Iran Industrial Production Index Falls in Q1 After 4 Quarters of Growth

EghtesadOnline: After experiencing four consecutive quarters of growth, the Industrial Production Index for large manufacturing units in Iran registered a downturn during the first quarter of the current fiscal year that ended on June 21, new data released by the Central Bank of Iran show.
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Publish Date:25/September/2018 | 06:06

FAO Forecasts Iran ’s Cereal Output to Rise 12% in 2018

EghtesadOnline: Despite autumn dryness, crop conditions recovered in Iran and the total cereal production for 2018 is forecast to stand at 20.1 million tons to register a 2.9% increase compared with the 2017 total of 19.6 million tons and 12% above the five-year average.
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Publish Date:24/September/2018 | 05:44

Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion

EghtesadOnline: Around 2.94 million tons of agricultural and food products worth more than $2.63 billion were exported from Iran during the first five months of the current Iran ian year (March 21-Aug. 22), to register a 27.2% growth in value compared with the same period of last year.
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Publish Date:24/September/2018 | 05:38

Iran -EU Trade Tops €12b (Jan-Aug 2018): Report

EghtesadOnline: Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar period.
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Publish Date:23/September/2018 | 13:04

Paper Looks Into Rial’s Rising Problems

EghtesadOnline: Since the beginning of the fiscal 2018-19, the Iran ian rial has, as economists say, “gone through the floor”—the currency has depreciated by nearly 70% against its benchmark.
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Publish Date:23/September/2018 | 05:58

Herd Mentality Driving Tehran Stocks

EghtesadOnline: As if the bull run is not about to relent any time soon, Tehran stocks continued their rally on Saturday as a surge of liquidity gravitates toward the equity market. While the stock market growth has been lauded by analysts and officials in equal measure, a growing number of experts seem skeptical about the substance of the rally and fear that speculative bets are gradually supplanting earlier growth backed by fundamental factors.
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Publish Date:30/September/2018 | 05:38