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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

Iran Industrial Production Index Falls in Q1 After 4 Quarters of Growth

EghtesadOnline: After experiencing four consecutive quarters of growth, the Industrial Production Index for large manufacturing units in Iran registered a downturn during the first quarter of the current fiscal year that ended on June 21, new data released by the Central Bank of Iran show.
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Publish Date: 25/September/2018 | 06:06

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018

EghtesadOnline: Despite autumn dryness, crop conditions recovered in Iran and the total cereal production for 2018 is forecast to stand at 20.1 million tons to register a 2.9% increase compared with the 2017 total of 19.6 million tons and 12% above the five-year average.
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Publish Date: 24/September/2018 | 05:44

Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion

EghtesadOnline: Around 2.94 million tons of agricultural and food products worth more than $2.63 billion were exported from Iran during the first five months of the current Iranian year (March 21-Aug. 22), to register a 27.2% growth in value compared with the same period of last year.
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Publish Date: 24/September/2018 | 05:38