Iran
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EGFI Reports 43% Growth in Export Guarantee Demand
EghtesadOnline: The latest report on the performance of Export Guarantee Fund of Iran, the country's state-owned export credit agency, indicates growth in export credit coverage for Iranian exporters…
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Iran’s Nuclear Steps in Accordance With JCPOA
EghtesadOnline: Foreign Minister Mohammad Javad Zarif dismissed the three European countries’ call on Iran to stop taking new steps beyond the limits of the 2015 nuclear agreement, stressing…
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48% Decline in Trade With US
EghtesadOnline: Iran’s commercial exchanges with the US amounted to $40.2 million in 2020, posting a 48.53% decline compared with 2019.
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Retail PMI on Growth Trajectory
EghtesadOnline: The Purchasing Managers’ Index for Iran’s retail sector stood at 54 in the month leading to Jan. 19, which marks the end of the 10th month of the current Iranian year, to signal…
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Q1-3 Trade With Armenia Exceeds $260m
EghtesadOnline: Iran and Armenia traded 1.09 million tons of commodities worth $264 million during the first nine months of the current Iranian year (March 20, 2020-Jan. 19), registering a 29%…
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Public Transport Overhaul to Start
EghtesadOnline: The scheme to streamline Iran’s public transportation will be launched soon, based on a deal to overhaul age-old buses and taxis in metropolises, a deputy interior minister said.
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CBI Diversifying Payment Tools
EghtesadOnline: The Central Bank of Iran has recently rolled out various retail payment instruments, or developed guidelines for payment companies in recent months.
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Gov't Weekly Bonds Sale at $120m
EghtesadOnline: The government sold bonds worth 30.7 trillion rials ($120.3 million) in the previous week during the bond auction held by the Central Bank of Iran.
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Iran’s Greenhouse Areas Near 21K Hectares
EghtesadOnline: Iran’s greenhouse areas currently stand at 21,000 hectares, showing a 162% upsurge compared with the 8,000 hectares when President Hassan Rouhani first took office in August 2013,…
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Iran Increasing Oil Export
EghtesadOnline: Iran is exporting more oil even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic.
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Iranian Trucks Resume Business With Georgia After One-Year Ban
EghtesadOnline: Iranian trucks are once again permitted to enter Georgia after a one-year ban, according to the director general of Transit and International Transportation Affairs Bureau of…
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CBI: Inflation Expectations Declining
EghtesadOnline: The Central Bank of Iran says inflation expectations continued to decline in the previous fiscal month ending Jan. 19, as indicated by stability in various financial markets.…
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Iranian Tech Firms Earn Over $4.6 Billion
EghtesadOnline: The revenues of Iranian tech firms and knowledge-based companies has exceeded 1.2 quadrillion rials ($4.63 billion) in the first 10 months of the current fiscal year (started…
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Iran Home Prices 500% More Than Construction Costs
EghtesadOnline: The per square meter price of homes in Iran are 500% more than their construction costs, a deputy minister of roads and urban development said.
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Building Construction Hits 100 Million sqm p.a.
EghtesadOnline: Each year, 100 million square meters of buildings are constructed in Iran’s urban and rural areas, according to the head of Construction Engineering Organization.
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Nomadic Meat Production Reaches Record High
EghtesadOnline: Nomads have produced a record high of 200,000 tons of red meat in the current Iranian year (started March 19, 2020), which account for 25% of Iran’s total red meat output, the…
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CBI Launches EMV-Based Mobile Payment Mechanism
EghtesadOnline: The Central Bank of Iran on Monday launched a previously announced contactless payment mechanism based on EMV standard.
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Overall PMI Increases for Three Consecutive Months
EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s economy settled at 48.83 in the month ending Jan. 19 from 47.77 in the month ending Dec.…
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Iranian Airlines Purchase Eight Secondhand Passenger Planes
EghtesadOnline: Iranian airlines have purchased eight secondhand passenger planes, says the head of Civil Aviation Organization of Iran.
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Monthly Rise in Electronic Transactions
EghtesadOnline: Shaparak, Iran’s payment settlement network, processed 2.79 billion transactions worth 4,562.46 trillion rials ($19.01 billion) in the month ending Jan. 19.
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Trade With Turkey Tops $3.4b
EghtesadOnline: Iran and Turkey traded $3.43 billion worth of goods in 2020 to register a decline of 45.82% compared with 2019.
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Iran Receives 1st Shipment of Covid-19 Vaccines From Russia
EghtesadOnline: The first batch of the Russian Covid-19 vaccine Sputnik V arrived in Iran on Thursday evening, as the country ramps up efforts to halt the spread of the pandemic.
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IMF Says Processing Iran’s $5 Billion Loan Request
EghtesadOnline: The International Monetary Fund says it is processing Iran’s $5 billion loan request submitted in March to the global crisis lender, said Jihad Azour, the IMF’s director of the…
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Iran-Iraq Strong Ties Ensure Regional Security, Stability
EghtesadOnline: President Hassan Rouhani said Iran strongly rejects any foreign intervention in Iraq’s internal affairs, stressing that the two countries’ strong relations guarantee regional…
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Not Up to US to Assess Iran’s JCPOA Compliance
EghtesadOnline: Iran’s permanent mission to the United Nations said the US is no longer a participant to the 2015 nuclear deal, so it is in no position to comment on Tehran’s compliance with…
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Spinning Mills Operating at Full Capacity Because of High Demand
EghtesadOnline: Iran’s spinning factories are operating at full capacity, as the capacity of cotton mills increased by 47,000-48,000 tons last fiscal year (March 2019-20), the director general…
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Iran Receives 1st Shipment of Covid-19 Vaccines From Russia
EghtesadOnline: The first batch of the Russian Covid-19 vaccine Sputnik V arrived in Iran on Thursday evening, as the country ramps up efforts to halt the spread of the pandemic.
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More Advanced Centrifuges Installed at Nuclear Sites
EghtesadOnline: Iran’s ambassador to the International Atomic Energy Agency said new cascades of advanced centrifuges have been installed at the nuclear sites of Natanz and Fordow to increase…
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New Move to Secure Iran’s Share of Helmand Water
EghtesadOnline: Iran and Afghanistan signed an agreement in Zabol in southeastern Sistan-Baluchestan Province on Tuesday to reconfirm Iran’s full share of water from Hirmand (aka Helmand) River…
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Skills Building Courses for 63.5K Soldiers
EghtesadOnline: Iran’s Technical and Vocational Training Organization conducted skills building courses for 63,507 soldiers during the nine months to Dec. 20, 2020, Habib Erfan-Manesh, an official…