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Iran Crypto Mining Set to Take Off

EghtesadOnline: Days after a high-ranking official announced that Iran ’s government has embraced cryptocurrency mining, another peer has said requirements are in place to develop the industry quickly.
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Publish Date:15/September/2018 | 05:35

€3.2 Billion for Essential Imports

EghtesadOnline: Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month.
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Publish Date:15/September/2018 | 05:30

Europeans Exploring Payment System With Iran

EghtesadOnline: Germany and its European partners are considering setting up a payment system with Iran , which allows the continuation of business transactions with the Islamic Republic once US sanctions kick in, an economy ministry spokeswoman said on Friday.
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Publish Date:15/September/2018 | 05:24

Iran 's Top 10 Imports - Mar-Aug, 2018

EghtesadOnline: Iran imported 13.96 million tons worth $18.89 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 5.82% in weight and 9.66% in value over last year’s similar period, the Islamic Republic of Iran Customs Administration announced.
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Publish Date:12/September/2018 | 08:12

Iran ian Steel Traders Welcome Free Market Dynamics

EghtesadOnline: The competitive ceiling for steel prices on the Iran ian Mercantile Exchange is to be removed, according to a letter written by Deputy Industries Minister Jafar Sarqeini wrote to Hamed Soltaninejad, chief executive of IME.
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Publish Date:12/September/2018 | 05:55

Industrial Exports Down 7% in Q1 2018-19

EghtesadOnline: Exports of Iran ’s industrial sector, excluding crude oil, hit 26.74 million tons worth $17.91 billion during the first three months of the current Iran ian year (March 21-June 21).
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Publish Date:11/September/2018 | 06:40

Iran Budget Deficit Widens to $2.9b

EghtesadOnline: Iran ’s budget deficit came in bigger than expected, as usual, in the first four months of the current fiscal year (March 21-July 22) to reach 312.5 trillion rials ($2.93 billion), the latest data released by the Central Bank of Iran on Monday show.
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Publish Date:11/September/2018 | 06:35

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