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Oil Surplus Vanishes Ahead of Iran Deadline

EghtesadOnline: An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a new rally in prices.
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Publish Date: 04/September/2018 | 24:12

Iran on Fast Track to Enhanced Connectivity

EghtesadOnline: ICT Minister Mohammad Javad Azari-Jahromi in a live TV program detailed the accomplishments of the ministry since he assumed office over a year ago, including the rise in the average Internet speed, enhanced villagers’ access to online connectivity, the development of infrastructure necessary for the adoption of e-governance agendas and the expansion of the startup ecosystem.
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Publish Date: 04/September/2018 | 24:01

Historic Day for Iranian Fintechs: Six Firms Authorized

EghtesadOnline: Shaparak Company, the Central Bank of Iran’s arm for operating the country’s payment network, on Saturday signed an agreement with six major fintech firms– the first such firms to work within CBI’s new legal framework.
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Publish Date: 04/September/2018 | 04:37

Ways of Regulating Cryptocurrency

EghtesadOnline: The research arm of Iran’s Parliament has dedicated its latest analytical study to virtual currencies, once again calling for calculated and well-assessed regulations to employ them in the economic cycle of the country.
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Publish Date: 04/September/2018 | 04:29

Forex Rally Intensifies in Tehran Market

EghtesadOnline: The foreign exchange market intensified its rally on Monday, with the rial dropping to new lows against most major currencies.
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Publish Date: 04/September/2018 | 04:26

Stocks Make Historic Gains

EghtesadOnline: Changes in Iran Mercantile Exchange regulations have done wonders for the stocks market. Talks of the removal of price ceiling for steel products in IME led to a major inflow of capital into the stock market in the starting days of the week.
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Publish Date: 15/September/2018 | 05:18

Tehran: Gold Coin, Forex Markets Heating Up Again

EghtesadOnline: The currency and gold coin markets heated up again on Sunday, keeping up a rally that started from the beginning of the trading week on Saturday.
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Publish Date: 03/September/2018 | 07:46

IRICA Denies Gaining From FX Surcharge on Imports

EghtesadOnline: The Islamic Republic of Iran Customs Administration has denounced claims that it intends to generate revenues by levying foreign exchange rate difference surcharge on imports.
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Publish Date: 03/September/2018 | 07:40

PPI Inflation Uptrending

EghtesadOnline: The average Producer Price Index in the 12 months ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 15.2% compared with last year’s corresponding period, the latest report of the Central Bank of Iran announced.
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Publish Date: 03/September/2018 | 07:32

UK minister visits Iran; Tehran wants Europe to act on nuclear deal

EghtesadOnline: A British junior minister held talks in Iran on Saturday as Tehran said European states should take action if they wanted to save Iran’s nuclear deal following Washington’s withdrawal from the accord, Iranian state media reported.
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Publish Date: 02/September/2018 | 24:26

NIOC in Talks With Vitol

EghtesadOnline: Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported.
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Publish Date: 02/September/2018 | 08:16

Iran August LPG Sale Leaps

EghtesadOnline: Iran's LPG shipments loaded, or due for lifting, in August rose by 84,000 million tons versus July to around 568,000 million tons, the highest since the previous international sanctions for its nuclear program were lifted in January 2016, fixtures from shipping sources showed recently. A majority of the shipments are destined for China, where importers are grappling with higher import tariffs for US LPG in an escalating trade war and are scrambling for Middle Eastern cargoes instead, Global S&P Platts reported.
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Publish Date: 02/September/2018 | 08:06

NIOC Crude Exports Plunge 700,000 bpd Since August

EghtesadOnline: The National Iranian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases in view of the reimposition of US sanctions in November, a senior energy analyst said.
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Publish Date: 02/September/2018 | 08:05

Cybersecurity Comes to the Fore in Iran

EghtesadOnline: With the exponential growth of online services and application of modern technologies to all aspects of life, governments around the globe are facing new threats in the form of malware and cyber attacks. In order to outline the Iranian government’s activities in the field of cybersecurity, a conference was held at the ICT Ministry earlier this week.
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Publish Date: 02/September/2018 | 07:59

Iranian Government Introduces Rescue Package for Auto Industry

EghtesadOnline: A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax exemptions, reduced bureaucracy, and in the event of layoffs, the immediate payment of unemployment benefits.
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Publish Date: 02/September/2018 | 07:56

Metal Bulletin Suspends Iran Steel Import Price Assessments

EghtesadOnline: London-based specialist international publisher and information provider for the global steel, non-ferrous and scrap metals markets, Metal Bulletin, has discontinued its Iran import hot-rolled coil and cold-rolled coil prices.
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Publish Date: 02/September/2018 | 04:11

CBI Says Will Fight Liquidity

EghtesadOnline: The Central Bank of Iran has vowed to curb the rising tide of liquidity, which he blamed as the source of all market volatility, including a currency crisis that has seen the rial drop to record lows since April.
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Publish Date: 02/September/2018 | 04:09