Iran
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170% Rise in Exports From Khorramshahr Port
EghtesadOnline: Atotal of $493 million worth of non-oil commodities have been exported from the southern Khorramshahr Port since the beginning of the current Iranian year on March 20, 2020, showing…
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Warehousing Tariffs to Increase Exponentially
EghtesadOnline: The Supreme Council of Iran Transport approved the exponential calculation of warehousing tariffs for imported goods parked at Iranian ports for more than 30 days.
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Iran’s Business Environment Shows Improvement in 3rd Fiscal Quarter
EghtesadOnline: Iran’s business environment improved in the third fiscal quarter of the current year (Sept. 22-Dec. 20, 2020), Iran Chamber of Commerce, Industries, Mines and Agriculture reported.…
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Iran Looks to Boost Economic Ties With Azerbaijan
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Trade is scheduled to hold a videoconference forum titled “Iran-Azerbaijan Republic Commercial Capacities and Opportunities” in…
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CBI Throwing Auto Industry Lifeline Worth $612 Million
EghtesadOnline: The Central Bank of Iran has allocated 150 trillion rials ($612.24 million) in aid packages and loans to the auto sector to help bolster productivity and localization efforts,…
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South Korea Says Talking With US About Iran’s Frozen Assets
EghtesadOnline: South Korea is finalizing talks with the United States about using some of Iran's money frozen in Seoul under US sanctions to pay Tehran's UN dues in arrears, a South Korean Foreign…
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Iran Pressing Ahead With Vaccination Program
EghtesadOnline: Iran will be kicking off its mass vaccination campaign in the coming days, as it is scheduled to receive on Thursday its first shipment of the Russian-developed Covid-19 vaccine…
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Transactions With China Reach $14.9b in 2020, Down 35% YOY
EghtesadOnline: Iran’s commercial exchanges with top trading partner, China, stood at $14.91 billion in 2020 to register a 35.3% decline compared with the year before.
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Parliament Rejects Outlines of Fiscal 2021-22 Budget Bill
EghtesadOnline: The Iranian Parliament rejected the outlines of the upcoming fiscal year’s (starting March 21) budget bill on Tuesday.
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Labor Ministry Official: Jobless Population at 2.4 Million
EghtesadOnline: The population of the unemployed in Iran currently stands at 2.4 million, 40% of whom are university graduates, according to the director general of Employment and Policymaking…
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New Participants in JCPOA Negotiations Rejected
EghtesadOnline: A senior Iranian diplomat on Saturday rejected any new negotiations or changes to the participants of Tehran’s nuclear deal with world powers, after French President Emmanuel…
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Dams Half Full
EghtesadOnline: Water stored in dams across Iran has reached 26.63 billion cubic meters, which is 1% less than the same time last year, the Energy Ministry news portal Paven reported.
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46% Growth in Exports From Gilan
EghtesadOnline: Atotal of 877,393 tons of non-oil goods worth $518.7 million were exported from the northern Gilan Province’s customs terminal during the first 10 months of the current Iranian…
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Q1-3 Agrofood Exports Rise by 48 Percent YOY to $6 Billion
EghtesadOnline: Iran exported 6.12 million tons of agricultural and food products worth over $6 billion during the first three quarters of the current fiscal year (March 20-Dec. 20).
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Tehran Hosting ‘Iran ConMin 2021’
EghtesadOnline: The 16th International Exhibition of Mines, Mining, Construction Machinery and Related Industries and Equipment, also known as “Iran ConMin 2021”, was inaugurated by Industries…
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Russia’s Sputnik Vaccine to Arrive in Iran This Week
EghtesadOnline: The first shipment of Russia’s Covid-19 vaccine Sputnik V is due to arrive in Tehran by Feb. 4, Iran’s envoy to Moscow announced on Saturday.
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Plan to Inject $650m in Ailing Auto Industry
EghtesadOnline: There are plans to finance the loss-making auto industry to the tune of 150 trillion rials ($650 million), the governor of the Central Bank of Iran said.
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Iran-EU Trade Hits $4 Billion
EghtesadOnline: Iran and the 27 member states of the European Union traded over €4 billion worth of goods during the first 11 months of 2020, to post a 12% decline compared with the previous…
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17 Kg of 20% Enriched Uranium Produced at Fordow
EghtesadOnline: The parliament speaker said Iran has produced 17 kilograms of uranium enriched to a purity level of 20% at a nuclear facility in less than a month.
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US Demand for Iran’s 1st JCPOA Measure Illogical
EghtesadOnline: Foreign Minister Mohammad Javad Zarif said the expectation in the United States’ new administration that Iran must first return to full compliance with the 2015 nuclear deal is…
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Need for 29,000 Tons of Catalysts p.a. by 2026
EghtesadOnline: The Majlis Research Center in a report said Iran will need 29,000 tons of catalysts annually by 2026 worth an estimated $692 million for the petrochemical, refining and gas sectors,…
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$50b Needed to Boost Gas Output
EghtesadOnline: An estimated $50 billion is needed to develop and maintain gas fields across Iran over the next 20 years, managing director of Pars Oil and Gas Company, a subsidiary of the National…
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GTC to Purchase 10m Tons of Wheat From Local Farmers in Current Crop Year
EghtesadOnline: The Government Trading Corporation of Iran plans to purchase a total of 10 million tons of wheat from local farmers at guaranteed prices in the current crop year (Sept. 2020-21).
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Iran Fara Bourse to Launch OTC Market
EghtesadOnline: Iran Fara Bourse, Tehran's junior equity exchange, is to set up an over-the-counter market for listing companies not eligible for listing on the IFB prime market, an official…
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Iran Launches Tech Hub in Kenya
EghtesadOnline: Iran has launched a tech hub in Nairobi, the capital of Kenya, to provide a platform for exchanging tech ideas and facilitate trade.
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EGFI Offers $800m in Guarantee to Boost Exports to EEU States
EghtesadOnline: The Export Guarantee Fund of Iran is offering up to $800 million in guarantees for export to the Eurasian Economic Union member states, the export agency's director said.
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Iran Records Highest Global Growth in Steel Production
EghtesadOnline: Iran registered the highest growth in steel output among the world's top 10 steel producing countries in 2020.
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Domestic Air Passenger Traffic Declines by 42%
EghtesadOnline: Iranian airports' domestic passenger traffic during the first three quarters of the Iranian fiscal year (Mar. 22-Dec 20, 2020) declined by 42% year-on-year to 18.3 million, according…
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Iran's Non-Oil Foreign Trade Tops $58 Billion in Ten Months
EghtesadOnline: Iran’s foreign trade, excluding oil exports, stood at 122.8 million tons worth $58.7 billion in the 10-month period ending Jan. 19.
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Iran's Top Banker in Muscat
EghtesadOnline: The governor of the Central Bank of Iran, Abdolnasser Hemmati, is visiting Oman to discuss ways to expand banking relations between the two Persian Gulf neighbors.