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Iran Parliament Passes Counter-Terror Finance Legislation

EghtesadOnline: Iranian lawmakers on Sunday approved a measure that allows Iran to formally join the International Convention for the Suppression of the Financing of Terrorism, clearing a major hurdle to improve Iran's status with the global anti-money laundering body, the Financial Action Task Force.
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Publish Date: 08/October/2018 | 08:30

Iran: SEO Working to Empower Capital Markets

EghtesadOnline: A range of new financial products, from Islamic bonds to warrants and insurance-linked securities, are being developed to help give local firms more funding options as US sanctions pile pressure on the economy.
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Publish Date: 03/October/2018 | 05:36

Iran Eyes Development of Non-Ferrous Industries

EghtesadfOnline: Non-ferrous metals and mining industries in Iran have remained relatively underrated, considering their notable share of non-oil exports—a major focus for the country, especially in view of the reimposition of US sanctions.
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Publish Date: 03/October/2018 | 05:30

Iran Energy Exchange to Start Trade in Oil Futures

EghtesadOnline: Iran Energy Exchange will launch crude oil futures from next week as part of a plan to facilitate oil exports as US sanctions targeting its energy sector in November draw nearer.
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Publish Date: 02/October/2018 | 06:08

Iran's Aluminum Production Registers 10% Growth

EghtesadOnline: Aluminum production by Iran’s major producers reached 151,691 tons during the five-month period (March 21-Aug. 22), registering a growth of 10% compared with the same period of 2017, the Iranian Mines & Mining Industries Development & Renovation Organization announced in an official statement.
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Publish Date: 02/October/2018 | 06:02

Iran's CB: New Route to Help Meet Currency Needs

EghtesadOnline: Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says Mehdi Kasraei-Pour, head of CBI's Department for Forex Polices and Regulations.
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Publish Date: 01/October/2018 | 05:13

Iranian Lawmakers Expected to Approve CFT Bill

EghtesadOnline: Lawmakers will deliver their final view Sunday on a government bill allowing Iran to join the international Convention for Combating Financing of Terrorism, said the Majlis National Security and Foreign Policy Commission spokesperson Ali Najafi Khoshroudi.
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Publish Date: 30/September/2018 | 05:34

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 Iranian 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: Iranian 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