Iran
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Iran Steel Production Reaches 52.3m Tons in Fiscal 2020-21
EghtesadOnline: Iranian steelmakers produced a total of 52.33 million tons of semi-finished and finished steel products in the last fiscal year (ended March 20, 2021).
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Iran's CB Averts US Bid to Seize Its Assets Locked in Luxembourg
EghtesadOnline: The Central Bank of Iran said it legal efforts prevented a Luxemburg court order to transfer its forex assets to the United States.
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5-Year Review of Iran's Trade With Eurasian Economic Union
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has reviewed Iran’s trade with the Eurasian Economic Union from the fiscal 2016-17 to fiscal 2020-21.
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Iran CB Governor's Views About Chronic Inflation
EghtesadOnline: One year after the Central Bank of Iran for the first time set a target for inflation, the bank governor Abdolnasser Hemmati late Sunday tried to explain why the target was a…
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Tech Firms Playing Key Role in Battle Against Covid Pandemic
EghtesadOnline: As the novel coronavirus resurges in Iran, local knowledge-based and tech firms have upped the ante in the fight against the lethal disease.
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Iran: Need for All-Inclusive Crypto Regulations
EghtesadOnline: Experts and private sector representatives say the parliament needs to expand the scope of cryptocurrency regulations to cover crypto trade and restrain the bureaucracy tied to…
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Iranian Banking Industry Wants Definite Sanctions Relief
EghtesadOnline: Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers.
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Iran: Dollar Trims Losses
EghtesadOnline: Foreign exchange rates climbed on Saturday despite expectations that the prices would decline due to the diplomatic efforts in Vienna related to Iran’s nuclear agreement.
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Iran to Vaccinate 13 Million High-Risk People by Late July
EghtesadOnline: Iran aims to vaccinate its 13 million high-risk population by late July to reduce the coronavirus pandemic’s death rate, President Hassan Rouhani announced.
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Iran Government Plans to Complete Five Rail Projects by August
EghtesadOnline: The government plans to complete the construction of five rail projects, all of which have so far had more than 50% progress, by the end of its term in August, according to a…
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Uptick in Iranian Commercial Ports Activity
EghtesadOnline: A total of 13.8 million tons of commodities were loaded and unloaded in Iran’s commercial ports during the first 40 days of the current Iranian year (March 20-April 30).
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Centeral Bank of Iran Warns Crypto Investors, Again
EghtesadOnline: The Central Bank of Iran on Thursday warned against rampant trade in cryptocurrencies following the deep recession in parallel asset markets.
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ICCIMA Official: Cordial Ties to Neighbors Key to Restoring Lost Oil Market Share
EghtesadOnline: The era of high demand for oil and petroleum products will not be as before, most experts and analysts say. Nonetheless, Iran still has the opportunity to restore its lost market…
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Iran's Fiscal 2021-20 Import Bill: $38b
EghtesadOnline: Thirty commodities accounted for one-third of the value of Iran’s total imports in the last fiscal year that ended in March.
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Iran Imports 3.19m Covid Vaccines
EghtesadOnline: Twelve shipments of Covid-19 vaccines containing over 3.19 million doses were imported from Russia, China, India and South Korea from Feb. 3 to May 2, Fars News Agency quoted…
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Iran Economy Ministry Solicits Innovative AML Solutions
EghtesadOnline: The Economy Ministry's Financial Intelligence Unit has invited innovators and knowledge-based companies active in anti-money laundering compliance services to help the office…
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Iran's CB: Decline in Forex Rates Linked to ‘Positive Expectations’
EghtesadOnline: The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent…
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500K Foreign Workers Left Iran After Covid Outbreak
EghtesadOnline: Up to 500,000 foreign nationals left Iran’s labor market amid the outbreak of coronavirus due to health concerns and closure of businesses, an official with the Ministry of Cooperative…
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Phase Two of Mass Vaccination Against Coronavirus Commences in Iran
EghtesadOnline: Iran on Tuesday launched the second phase of its national Covid-19 vaccination campaign, aiming to immunize people above 65 years as well as patients with preexisting health conditions…
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Iran-China Q1 Transactions Sink to Lowest in 5 Years
EghtesadOnline: Iran’s commercial exchanges with its leading trading partner, China, stood at $3.2 billion in the first three months of 2021 – the lowest quarterly volume in the past five years…
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Ranking of Iranian Cars Released
EghtesadOnline: Iran Standards and Quality Inspection Company has released a report on the quality of domestically-produced cars surveyed during the Iranian month ending March 20.
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Iran's Q1 Steel Output Rises by 10.7 Percent to 7.5 Million Tons
EghtesadOnline: Iranian steel mills produced a total of 7.5 million tons of crude steel during the first three months of 2021, which indicate a 10.7% rise compared with 2020, recording the second…
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Iran's Non-Oil Trade Increases by 62% to $5.7 Billion in 1st Fiscal Month
EghtesadOnline: Iran’s non-oil foreign trade in the first month of the current Iranian year (March 21-April 20) stood at 10.34 million tons worth $5.76 billion, indicating an increase of 32%…
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SCI: Iran's Inflation at 38.9%
EghtesadOnline: The average goods and services Consumer Price Index in the 12-month period ending April 20, which marks the end of the first Iranian month of the fiscal 2021-22, increased by…
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Economists Explain Decline in 4th Quarter Unemployment Rate
EghtesadOnline: Iran's unemployment rate in the fourth quarter of last Iranian year (ended March 20, 2021) stood at 9.7%, registering a 0.9% decline compared with the corresponding period of…
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Localization Projects to Curb IKCO Capital Flight by €133m
EghtesadOnline: Iran's largest automaker, Iran Khodro (IKCO), has implemented 125 localization projects in various fields, which are expected to reduce capital flight by €133 million per year.
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Iran's CB Reports Rise in Loan-Deposit Ratio
EghtesadOnline: Data released by the Central Bank of Iran show lending by banks increased in the month to January 19.
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Iran: Currency Rates Stable Amid Market Caution
EghtesadOnline: Foreign exchange rates in Tehran were mostly unchanged Saturday as the market waits for the outcome of diplomatic efforts to revive the landmark Iran nuclear deal and lifting…
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Interbank Lending Picks Up
EghtesadOnline: Data released by the Central Bank of Iran indicate that banks handled transactions worth almost 775.3 trillion rials ($3.2 billion) a day at the interbank market in the previous…
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95% Decline in Iran-Turkey Flights
EghtesadOnline: The number of flights to and from Turkey has decreased by 95% since the end of Norouz (Iranian New Year) holidays (April 2).