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14% Growth in Iran's Non-Oil Trade With Balkan States

EghtesadOnline: Iran traded 180,429 tons of non-oil commodities worth $192.82 million with Balkan countries in the last Iranian year (ended March 20, 2019) to register a 21.03% and 14.58% increase in tonnage and value respectively compared with last year’s corresponding period.
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Publish Date: 12/May/2019 | 13:59

Iran Parliament Against Higher Water, Electricity Tariffs

EghtesadOnline: The parliament has rejected a proposal by the Energy Ministry to raise water and electricity tariffs, saying it is “against the law” as it will pile economic pressure on the people in the current dire economic conditions, Barq News reported.
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Publish Date: 12/May/2019 | 13:57

Tehran IKIA Airport's Salam Terminal Ready for Inauguration

EghtesadOnline: Imam Khomeini Airport’s Salam Terminal is ready for inauguration, managing director of Imam Khomeini Airport City Company Ali Rostami said after a visit to the new terminal on Saturday.
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Publish Date: 12/May/2019 | 13:56

Iran Underground Economy's Value at Over $34b

EghtesadOnline: Iran’s underground economy, according to latest data disclosed by the Ministry of Economic Affairs and Finance, was worth 5,360 trillion rials ($34.35 billion) in the year ending March 20, 2018.
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Publish Date: 12/May/2019 | 13:54

Iran's Jask Terminal to Hold 10m Barrels of Oil

EghtesadOnline: The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum Engineering and Development Co. said Saturday.
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Publish Date: 12/May/2019 | 13:53

INSTEX Issues Time for EU Reckoning

EghtesadOnline: CEO of the Special Trade and Finance Institute, the newly created trade mechanism to reciprocate with the European Instrument in Support of Trade Exchange (INSTEX), says now it is up to Europe to operationalize its trade mechanism.
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Publish Date: 12/May/2019 | 13:50

US Warns Europeans Against Using Trade Mechanism

EghtesadOnline: Work on setting up a special purpose vehicle for business with Iran is taking longer than expected, a German government spokesman said on Wednesday.
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Publish Date: 11/May/2019 | 13:49

OTP Service by Lenders Becomes Mandatory

EghtesadOnline: In a move to curb cybercrime pertaining to debit card fraud and increase the security of online banking, the Central Bank of Iran has instructed banks and credit institutions to use one-time password (OTP) in order to protect their clients' ID and bank account data.
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Publish Date: 11/May/2019 | 13:47

School Curricula to Include ICT Courses

EghtesadOnline: The Education Ministry has signed an agreement with the Faculty of Applied Science of Post and Telecommunications, affiliated to Information and Communications Technology Ministry, to add ICT courses to elementary and high school curricula.
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Publish Date: 11/May/2019 | 13:45

Call for Avoiding Drastic Reaction

EghtesadOnline: Iran needs to avoid extreme reciprocal action in response to the United States' withdrawal from the 2015 nuclear deal, as the American administration desires to drag the country into violence, a lawmaker said.
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Publish Date: 11/May/2019 | 13:43

Russia to Continue Nuclear Cooperation

EghtesadOnline: Russian state nuclear corporation Rosatom said its project to develop new units at Iran’s Bushehr Nuclear Power Plant has not been affected by ongoing tensions arising from intensified US sanctions against Iran.
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Publish Date: 11/May/2019 | 13:41

MP Differentiates Between Oil and Petrochem Sectors

EghtesadOnline: Iran is one of the largest producers of petrochemicals supplying the global downstream industry vital raw material, and it would be difficult to find alternatives for such quality products, a lawmaker said.
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Publish Date: 11/May/2019 | 13:40

Trump Says Open to Talks With Tehran

EghtesadOnline: US President Donald Trump offered direct talks with Tehran, saying top Iranian officials should “call me” and suggested the US would help improve Iran’s economy if the country moves to ease the US ostensible concerns over its nuclear program.
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Publish Date: 11/May/2019 | 13:36

Fall in Card Payment Transactions

EghtesadOnline: Shaparak, the nationwide payment network, processed an estimated 1.82 billion transactions worth 1.83 trillion rials ($11.7 billion) during the month to April 20 – down 17.66% in the number of transactions and 37.58% less in value compared to a month earlier.
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Publish Date: 11/May/2019 | 13:34

Tehran Stocks Recover From Early Losses

EghtesadOnline: Following three bear market sessions, the Tehran Stock Exchange on Wednesday turned bullish amid rising investor demand for big shares.
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Publish Date: 11/May/2019 | 13:33

Mobile Phone Prices Likely to Leap Again

EghtesadOnline: Another wave of price surge is expected in Iran’s smartphone market, as the government is set to revise its mobile phone import regulations.
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Publish Date: 11/May/2019 | 13:31

CRA Releases Telecoms Market Data for Fiscal Q4

EghtesadOnline: The latest data released by Iran's Communications Regulatory Authority (CRA) show that the number of subscribers of RighTel, a local mobile phone network operator, shows an upward trajectory.
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Publish Date: 11/May/2019 | 13:29

Hidden Subsidies Benefit the Rich

EghtesadOnline: The policy of granting costly subsidies to help improve the quality of life of the people have apparently failed, and experts say the rich have benefited much more than those at the middle and lower end of the economic ladder.
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Publish Date: 11/May/2019 | 13:28

Iran: Forex Rates Rise to 8-Month High

EghtesadOnline: Currency rates have been rising in Iran’s open market amid the negative psychological climate created by the ongoing political developments and investors’ uncertainty about what the future holds.
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Publish Date: 11/May/2019 | 13:24