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Liquidity Surpasses $150b

EghtesadOnline: The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end of the fourth month of the current fiscal year on July 22, the latest report by the Central Bank of Iran shows.
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Publish Date:11/September/2018 | 06:31

Iran : Optimism Over AML Legislation Before FATF Deadline

EghtesadOnline: Despite the opposition of some factions about the country falling in line with standards set by the Financial Action Task Force, optimism abounds among moderate lawmakers and pundits that the willingness of top officials to approve the measures would serve the Islamic Republic's interest.
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Publish Date:11/September/2018 | 06:27

Iran Planning to Join Enterprise Europe Network

EghteadOnline: Plans are underway to create an Iran ian consortium to join the Enterprise Europe Network with the aim of connecting Iran ian small- and medium-sized enterprises with their counterparts in Europe and promoting these enterprises on an international scale.
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Publish Date:11/September/2018 | 06:16

Iran to Hand Over Chabahar Port Operations to India in a Month

EghtesadOnline: Iran will hand over the strategic Chabahar Port to an Indian company within a month for operation as per an interim pact, Iran ian Minister of Roads and Urban Development Abbas Akhoundi said on Thursday.
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Publish Date:10/September/2018 | 10:42

A Critical Overview of Economic Mechanisms

EghtesadOnline: Iran ’s economy is on the brink of experiencing a crisis, if not already. What got us here? Farhad Nili, the representative of the Central Bank of Iran to the World Bank, believes that four main mechanisms, namely massive imbalances, people’s overexpectations, external pressures and the system of governance, have led the economy to its present state.
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Publish Date:10/September/2018 | 10:24

Iran Banking Reform Bills in MPs’ Crosshairs

EghtesadOnline: Members of the Iran ian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its central bank.
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Publish Date:10/September/2018 | 05:36

FATF Back on Iran Parliament's Agenda

EghtesadOnline: As Iran 's October deadline to complete the Action Plan set forth by the Financial Action Task Force draws near, lawmakers are renewing efforts to pass the related bills sent by the government months ago.
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Publish Date:10/September/2018 | 05:23

Japan Ready to Suspend Iran Oil Imports in October

EghtesadOnline: Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iran ian crude, local media reported on Tuesday.
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Publish Date:05/September/2018 | 11:55

Undisclosed Oil Shipments Could Help Dodge Sanctions

EghtesadOnline: Iran may resort to various ways of reducing the impact of US sanctions on its oil exports and those tactics could include secret oil shipments without trackers on tankers, bartered trades, discounts and extended credit periods on oil sales, analysts say.
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Publish Date:05/September/2018 | 11:52

New Measure to Bring Order to Iran Mobile Phone Market

EghtesadOnline: Iran ’s Communication Regulatory Authority is poised to tap into the potential of the already operational Cellphone Registry Scheme to exert further control on the bullish mobile phone market, curb dealers’ profiteering practices and restrain mobile phone hoarders.
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Publish Date:05/September/2018 | 11:45

Iran 's Trade With China Rises to $19.6b in H1 2018

EghtesadOnline: Iran ’s trade with China amounted to $19.66 billion during the first half of 2018, registering an increase of 2.2% compared with last year’s corresponding period, Chinese ambassador to Iran said.
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Publish Date:05/September/2018 | 05:26

Tehran Stocks Prospects Brighten Despite Economic Downturn

EghtesadOnline: Trading at Tehran Stock Exchange has seesawed in the past few weeks. While the main index TEDPIX surpassed 140,000 two weeks ago to set a historic record, the days that followed registered a 7,000 decline to 133,000.
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Publish Date:10/September/2018 | 05:21

Iran Embraces Crypto Mining

EghtesadOnline: The administration of President Hassan Rouhani has accepted crpytocurrency mining as an industry that needs to be developed in Iran , the secretary of the High Council of Cyberspace said.
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Publish Date:05/September/2018 | 05:15

Oil Surplus Vanishes Ahead of Iran Deadline

EghtesadOnline: An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a new rally in prices.
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Publish Date:04/September/2018 | 24:12

Iran on Fast Track to Enhanced Connectivity

EghtesadOnline: ICT Minister Mohammad Javad Azari-Jahromi in a live TV program detailed the accomplishments of the ministry since he assumed office over a year ago, including the rise in the average Internet speed, enhanced villagers’ access to online connectivity, the development of infrastructure necessary for the adoption of e-governance agendas and the expansion of the startup ecosystem.
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Publish Date:04/September/2018 | 24:01

Historic Day for Iran ian Fintechs: Six Firms Authorized

EghtesadOnline: Shaparak Company, the Central Bank of Iran ’s arm for operating the country’s payment network, on Saturday signed an agreement with six major fintech firms– the first such firms to work within CBI’s new legal framework.
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Publish Date:04/September/2018 | 04:37

Ways of Regulating Cryptocurrency

EghtesadOnline: The research arm of Iran ’s Parliament has dedicated its latest analytical study to virtual currencies, once again calling for calculated and well-assessed regulations to employ them in the economic cycle of the country.
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Publish Date:04/September/2018 | 04:29

Forex Rally Intensifies in Tehran Market

EghtesadOnline: The foreign exchange market intensified its rally on Monday, with the rial dropping to new lows against most major currencies.
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Publish Date:04/September/2018 | 04:26

Stocks Make Historic Gains

EghtesadOnline: Changes in Iran Mercantile Exchange regulations have done wonders for the stocks market. Talks of the removal of price ceiling for steel products in IME led to a major inflow of capital into the stock market in the starting days of the week.
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Publish Date:15/September/2018 | 05:18