Iran
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Dollar Gains 2 Percent
EghtesadOnline: The dollar declined in the early hours of trade in Iran on Tuesday but later gained some ground against the rial. Trade commenced with the greenback as low as 210,000 rials in…
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Iran Warns US of Legal Action for Harassing Diplomats
EghtesadOnline: Iran’s Foreign Ministry spokesman said Tehran has officially warned the US that it will bring a lawsuit with the International Court of Justice if Washington continues illegal…
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Iran's Q1-3 Mineral Exports Top $4b
EghtesadOnline: Iran’s export of mineral products in the first three quarters of the current fiscal year (March 20-Dec. 20) stood at 29.5 million tons worth $4.11 billion, latest data released…
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Construction Permits Up 34.5% in Q2
EghtesadOnline: Municipalities across the country issued permits for 137,431 housing units across Iran’s urban areas during the second quarter of the current fiscal year (June 21-Sept. 21, 2020),…
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Ballistic Missiles Hit Remote Naval Targets in Drill
EghtesadOnline: The Islamic Revolution Guards Corps’ Aerospace Force blasted targets in the northern parts of Indian Ocean with long-range ballistic missiles in a military exercise in Iranian…
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Demand Driving Iran Petrochemical Sector
EghtesadOnline: With domestic and international demand rising at a rapid pace, investment in the key petrochemical industry, now around $80 billion, will reach $108 billion by 2027, managing…
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New Chief for ISIPO
EghtesadOnline: Minister of Industries, Mining and Trade Alireza Razm-Hosseini has appointed Ali Rasoulian as the new head of the board of directors of Iran’s Small Industries and Industrial…
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Afghan Returnees From Iran Hit Record High
EghtesadOnline: The number of Afghan migrants returning home from Iran hit an unprecedented high of 800,109 during the first 11 months of 2020.
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Cryptomining Suspended for 2 Weeks to Save Power
EghtesadOnline: Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered licensed cryptocurrency mining farms to halt operations for two weeks to lessen power shortages…
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Iran, Afghanistan Approve Agreement on Int’l Rail Link
EghtesadOnline: The parliaments of Afghanistan and Iran have approved an agreement on the international rail link that will pave the way for a new railroad border between the two neighboring…
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Facemasks Exported to Nine Countries
EghtesadOnline: Atotal of 9.2 tons of facemasks worth $206,000 were exported from Iran to nine countries during the first eight months of the current Iranian year (March 20-Nov. 20, 2020), data…
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Opening a Bank Account Got Harder
EghtesadOnline: In line with measures to improve security and transparency of bank transactions, the Central Bank of Iran said it plans to block unidentified transactions in less than two weeks.
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Q3 Unemployment Rate at 9.4%
EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 15 and above, stood at 9.4% in the third quarter of the current fiscal year (Sept. 22-Dec. 20, 2020), indicating…
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Iran to Collaborate With Cuba on Covid-19 Vaccine
EghtesadOnline: Cuba said it has signed an accord with Iran to transfer the technology for its most advanced coronavirus vaccine candidate and carry out last-stage clinical trials in humans in…
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Iran: Forex and Gold Come Back
EghtesadOnline: Foreign exchange and gold prices closed higher on Sunday in Tehran's forex market paring losses in previous sessions.
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Self-Declaration Accounts for 70% of Tax Revenues
EghtesadOnline: Self-declaration of tax by guilds accounts for 70% of the government’s tax revenues, a deputy head of Iranian National Tax Administration said, adding that plans are to increase…
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Q1-3 Exports From Bushehr at $4.3b
EghtesadOnline: Exports from the southern Bushehr Province during the first nine months of the current Iranian year (started March 20, 2020) stood at 18.95 million tons worth $4.36 billion.
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Currency and Gold Fall in Iran
EghtesadOnline: Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels.
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Iran to Vaccinate 60 Million Against Covid-19 in 4 Phases
EghtesadOnline: President Hassan Rouhani on Saturday outlined the government’s four-phase Covid-19 vaccination plan that promises to give 60 million Iranians access to the vaccine in order of…
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Iran's CB Says Monetary Variables in Check
EghtesadOnline: Growth in key monetary variables, including money supply and the monetary base, lost momentum in the calendar month to Dec. 20, the Central Bank of Iran said.
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World Bank Report Expects Iran cGrowth to Rebound in 2021
EghtesadOnline: The World Bank expects Iran’s economy to bounce back from negative growth in 2021 with 1.5% expansion in gross domestic product.
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Industrial Permits Reviewed
EghtesadOnline: Atotal of 3.13 quadrillion rials ($12.12 billion) worth of investment was made in industrial units with establishment permits, while projects with operating licenses received…
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Online Exhibition on Iranian Exports to Iraq Slated for February
EghtesadOnline: An exclusive online exhibition for Iranian exports to Iraq is scheduled to be held from Feb. 1-7, according to the director general of Arab and African Trade Affairs Department…
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Gold Market Retreats
EghtesadOnline: Gold prices in Iran slipped on Thursday influenced more from trends in international markets than domestic forex rates.
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CBI Hopes Calm Will Return to Markets
EghtesadOnline: The governor of Central Bank of Iran said he hopes stability in financial markets would be restored in the coming weeks as "excitement arising from political developments ebbs".…
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Iraq Waiting for Resumption of Iran Gas Supply
EghtesadOnline: Iraq is still waiting for Iran to resume supplying the country with sufficient amounts of gas for power generation, after the US granted Baghdad a 90-day waiver to continue to…
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Iran Economic Monitor for Fall: Weathering the Triple-Shock
EghtesadOnline: The Iranian economy entered a third consecutive year of recession following the triple-shock of sanctions, oil market collapse and Covid-19.
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Iran's Q3 Exports to EU Rise 51% YOY
EghtesadOnline: Iran and 27 members of the European Union traded €1.06 billion worth of goods during the third quarter of 2020, to post a 21% decline compared with the previous year's corresponding…
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Tavanir: Power Cuts Likely
EghtesadOnline: The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) says the national grid cannot take loads higher than 40 gigawatts in winter.
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Isfahan: Iran’s Turkey Meat Production Hub
EghtesadOnline: Isfahan Province produces 11,000 tons of turkey meat every year, which accounts for 40% of Iran’s total production.