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Copper Concentrate Output Sees 12% Growth

EghtesadOnline: Major Iranian copper producers produced 488,859 tons of copper concentrate during the first five months of the current fiscal year (March 21-Aug. 22), which indicates a 12% growth compared with last year’s corresponding period.
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Publish Date: 22/September/2018 | 05:27

Eurasian Council Approves Roadmap for Iran’s FTZ Entry

EghtesadOnline: The Eurasian Economic Commission Council approved the roadmap to implement the interim agreement on Iran’s entry into the Eurasian Economic Union Free Trade Zone.
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Publish Date: 22/September/2018 | 05:22

CBI: Oil Remains Biggest Contributor to Economic Growth

EghtesadOnline: A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of the current fiscal year (March 21-June 21).
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Publish Date: 18/September/2018 | 11:37

Iran Mineral Trade Surplus Hits $2.9b

EghtesadOnline: Iran exported more than 25.47 million tons of mineral products worth over $4.41 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 9.2% in tonnage and up 12% in value compared with the last fiscal year's corresponding period.
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Publish Date: 18/September/2018 | 06:25

CBA Concerned About Forex Outflow to Iran

EghtesadOnline: The Central Bank of Afghanistan raised concerns about the increasing smuggling of US dollars to neighboring countries, especially Iran, from Afghanistan and warned that this could further impact the value of Afghani against the dollar.
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Publish Date: 18/September/2018 | 06:23

Iran’s Shadow Economy in the Spotlight

EghtesadOnline: According to IMF’s latest report on “Shadow Economies Around the World: What Did We Learn Over the Last 20 Years”, shadow economy includes monetary and non-monetary transactions of a legal nature, including productive economic activities that would generally be taxable were they reported to the state authorities.
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Publish Date: 18/September/2018 | 06:19

Iran: Oil & Gas Sector Most Conducive for Business

EghtesadOnline: The research arm of Iran’s Parliament has conducted a first-of-its-kind domestic investment security study, finding among other things that businesspeople active in the crude oil and natural gas sector have the highest perception of investment security among all sectors.
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Publish Date: 18/September/2018 | 06:14

Iran Placed Atop High Human Development Nations

EghtesadOnline: Iran climbed one step to rank 60th among 189 countries reviewed in the latest Human Development Index report released by the United Nations Development Program.
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Publish Date: 17/September/2018 | 04:45

Construction Permits in Iran Increase in Fiscal 2017-18

EghtesadOnline: The Statistical Center of Iran has published its latest figures concerning construction permits, showing that the number of permits issued increased both across Iran and in Tehran during the previous fiscal year that ended on March 20, 2018.
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Publish Date: 17/September/2018 | 04:42

Iran Government to Authorize Crypto Hardware Imports

EghtesadOnline: Key entities in Iran's government are preparing to officially endorse the import of hardware required to mine cryptocurrency in complementary efforts aimed at backing crypto mining to help an economy under heavy pressure.
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Publish Date: 17/September/2018 | 04:40

Rial’s Slide Necessitates Bank M&A

EghtesadOnline: A senior banking official said the steep fall in the value of rial against the US dollar has strained banks’ balance sheets by dealing a blow to their capital levels.
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Publish Date: 17/September/2018 | 04:32

Iran Q1 Growth at 1.8%: Central Bank (March-June 2018)

EghtesadOnline: Iran's gross domestic product in the first quarter of the current fiscal year (March 21-June 21) stood at 1,676.7 trillion rials ($12.59 billion at Sanarate.ir's Sunday exchange rate of 133,132 rials per dollar).
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Publish Date: 17/September/2018 | 04:29

FAO Surveys New Plant Breeding Approach in Iran

EghtesadOnline: An evolutionary, participatory plant breeding approach compatible with the Iranian environment has been successful in reducing vulnerabilities of small-scale farmers, improving crop yields and boosting crop resilience to drought and other stressful events.
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Publish Date: 16/September/2018 | 05:28

US Studying Potential Iran Sanction Waivers

EghtesadOnline: The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after Nov. 4, US Secretary of State Mike Pompeo said on Friday.
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Publish Date: 16/September/2018 | 05:19

Exports by Iranian Steelmaking Heavyweights See 5% Growth

EghtesadOnline: Major Iranian steelmakers exported a total of 3.10 million tons of semi-finished and finished steel products during the first five months of the current fiscal year (March 21-Aug. 22) to register a 5% growth year-on-year, according to data released by Iranian Mines and Mining Industries Development and Renovation Organization.
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Publish Date: 16/September/2018 | 05:12

De-Dollarization Beneficial to Iran Trade Relations

EghtesadOnline: After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now weighing in on the degree the plan can be implemented with success.
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Publish Date: 16/September/2018 | 05:06

How Dollar Value Changes Affect Iran's Q1 Foreign Trade

EghtesadOnline: The first quarter of the current Iranian year (March 21-June 21) saw exports and imports in dollar terms of “Fishing” sector register the most remarkable changes, the Statistical Center of Iran reported.
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Publish Date: 15/September/2018 | 11:03

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