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Iran: Port Services Offered at Cheaper Exchange Rates

EghtesadOnline: All Iranian exporters and importers can now employ cheaper foreign currency rates used in the government's system for registering trade when using maritime and port services.
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Publish Date: 21/October/2018 | 05:56

US Sanctions Listing Could Harm Humanitarian Trade With Iran

EghtesadOnline: US sanctions intended to squeeze an Iranian voluntary force may have consequences for humanitarian efforts in the country because of its targeting of a bank, lawyers and analysts say.
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Publish Date: 21/October/2018 | 05:54

US Sanctions Against Iran Ridicule Int'l Norms

EghtesadOnline: Foreign Ministry Spokesman Bahram Qasemi on Wednesday described the US’ fresh sanctions against banks and businesses as "psychological war" against the Iranian people.
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Publish Date: 20/October/2018 | 09:32

FATF Gives Iran Until February to Complete Reforms

EghtesadOnline: The international group that monitors money laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
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Publish Date: 20/October/2018 | 09:27

Iranian Bank Debts to CBI Rising at Alarming Rate

EghtesadOnline: Debts of banks to the Central Bank of Iran have been rising at an alarming rate in recent years and the issue has become a major challenge for the banking system because the unpaid debts are a major factor behind the bulging liquidity and the galloping inflation.
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Publish Date: 20/October/2018 | 09:24

Iran Engine Oil Production Rises 24%

EghtesadOnline: A total of 214 million liters of engine oil were produced by Iran’s four major companies in the first half of the current Iranian year (March 21-Sept. 22), registering a 24% rise compared with the similar period of last year.
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Publish Date: 17/October/2018 | 06:25

NIOC Will Issue Manfa’ah Sukuk to Fund Projects

EghtesadOnline: Head of the National Iranian Oil Company said it will issue Islamic debt security Manfa’ah sukuk on the stock market by early next month.
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Publish Date: 17/October/2018 | 06:16

TEDPIX Ends Tuesday 1.24% Higher

EghtesadOnline: Tehran Stock Exchange’s main index gained 2,232.84 points or 1.24% on Monday to end trading at 182,834.3.
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Publish Date: 17/October/2018 | 06:12

Oil Trading Listed on Iran Energy Exchange

EghtesadOnline: Iran officially started spot oil trading on its energy exchange on Tuesday with the National Iranian Oil Company publishing a notice of offer on Monday, in which it outlined the terms and conditions of the trading mechanism.
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Publish Date: 17/October/2018 | 06:09

Impact of Volatile Forex Market on Iranian Tech Firms

EghtesadOnline: Vice President for Science and Technology Sorena Sattari says compared to other sectors, the recent volatility in the forex market has had a “slight” impact on knowledge-based firms. But businesses argue that the economic headwinds have led to a significant decline in demand for services, and when paired with increased overhead, have put companies under the cosh.
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Publish Date: 16/October/2018 | 09:30

Cars to Cost More in Iran

EghtesadOnline: Automakers will soon receive the okay from relevant authorities to increase prices once again, a deputy minister of industries said. Bad news that translates into a simple message for the common man: cars are gradually becoming luxury items most families cannot afford anymore.
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Publish Date: 16/October/2018 | 09:21

SMEs Account for 10% of Iran's Exports

EghtesadOnline: Small- and medium-sized enterprises account for just over 10% of Iran's total exports, according to Managing Director of small Industries Investment Guarantee Fund Mohammad Hossein Moqeiseh.
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Publish Date: 16/October/2018 | 06:13

Iran Mineral Trade Surplus Rises to $3.5 Billion

EghtesadOnline: Iran's trade surplus of mineral products increased notably to reach $3.5 billion at the end of the first half of the current fiscal year on Sept. 22, the latest official data show.
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Publish Date: 16/October/2018 | 06:12

Snapshot of Iran's Nomadic Economy

EghtesadOnline: The findings of the recent National Population and Housing Census show Iran’s nomad population is 1,186,830, of which 51.3% are men and the rest women.
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Publish Date: 15/October/2018 | 06:07

Iran H1 Steel Exports Top 3.5m Tons

EghtesadOnline: Major Iranian steelmakers exported a total of 3.51 million tons of semi-finished and finished steel products during the first six months of the current fiscal year (March 21-Sept. 22) to register a year-on-year contraction of 1.3%.
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Publish Date: 15/October/2018 | 06:02

Iran Housing Construction Trends Roiled by Currency Crisis

EghtesadOnline: New figures show that due to volatile currency fluctuations in recent months, which triggered steep price surges in the housing market and threatened the long-term outlook of the beleaguered housing sector by discouraging new construction.
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Publish Date: 14/October/2018 | 06:17

FATF Week Begins With Iran on Agenda

EghtesadOnline: The Financial Action Task Force, the global anti-money laundering body, convenes on Sunday with a to-do-list which includes evaluating the progress by Iran in fulfilling its Action Plan to reduce its AML risk.
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Publish Date: 14/October/2018 | 06:04