Iran
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H1 Agrifood Trade Regsiters 8.3m Tons/$2.4b in Deficit
EghtesadOnline: Iran exported 3.74 million tons of agricultural and food products worth $2.6 billion during the first half of the current fiscal year (March 20-Sept. 21).
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Slight Improvement in Iranian Human Development Index
EghtesadOnline: Iran advanced one spot to rank 70th among 189 countries in the 2020 Human Development Index, according to a report released by the United Nations Development Program.
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IranAir Refunds $1.2m Over Flight Cancellations
EghtesadOnline: Iran’s flag carrier, IranAir, has returned a total of 316.44 billion rials ($1.2 million) to customers over the cancellation of Covid-related flights, since the beginning of the…
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Debt Relief for Virus-Hit Businesses
EghtesadOnline: The Central Bank of Iran on Saturday announced financial relief to businesses battered by months of lockdowns to curb the Covid-19 pandemic.
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Trade With ECO Member States at $5.7 Billion in Eight Months
EghtesadOnline: Iran and members of Economic Cooperation Organization traded 10.91 million tons of non-oil commodities worth $5.72 billion during the first eight months of the current Iranian…
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Iran Tightens Virus Restrictions Despite Sharp Drop in Cases
EghtesadOnline: Although the coronavirus infection rate has slowed, the National Coronavirus Headquarters announced on Saturday that it will extend the nightly curfew to most cities across the…
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Iran Tax-to-GDP Ratio at 4.2%
EghtesadOnline: The ratio of tax revenues government gained in the last fiscal year (March 2019-20) to GDP (when current prices are used) stood at 4.2%.
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Iran's CB Designing Crypto-Rial
EghtesadOnline: The Central Bank of Iran is studying the issuance of “crypto-rial” as a central bank digital currency (CBDC) and a digital form of the country’s fiat money, the CBI director of…
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Azeri Official Signs Power Plant Construction Deal
EghtesadOnline: Iran and Azerbaijan finalized an agreement to build a hydroelectric power plant on the joint Khoda-Afarin dam on the Aras River straddling the joint border.
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Official Warns Against Mask Smuggling From China
EghtesadOnline: Field reports show facemasks from China are being smuggled into Iran via ports of entry such as Bandar Genaveh in the southern province of Bushehr and sold on social media like…
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New Cash Payments for 40m Iranians
EghtesadOnline: The government and the parliament have agreed upon a plan based on which 40 million Iranians will receive financial support, Vice President for Economic Affairs Mohammad Nahavandian…
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Rise in Industrial Investments
EghtesadOnline: Atotal of 3.13 quadrillion rials ($12.06 billion) worth of investments have been made in industrial units with establishment permits during the eight months of the current Iranian…
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89 Rail Projects Come on Stream
EghtesadOnline: Atotal of 89 rail projects worth 2.77 trillion rials ($10.73 million) were recently inaugurated across the country, during a ceremony attended by Minister of Rroads and Urban…
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Over 27,000 Volunteers Sign Up for Covid-19 Vaccine Trials
EghtesadOnline: Three days into Iran’s Covid-19 vaccine trial registration, over 27,000 have signed up to participate in the national drive to defeat the pandemic.
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CBI Funding Vaccine Import
EghtesadOnline: The Central Bank of Iran said it has found a way to pay for the import of Covid-19 vaccine after previous efforts failed.
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Iran's Non-Oil Foreign Trade Hit $52b
EghtesadOnline: Iran’s non-oil foreign trade stood at 110 million tons worth $52 billion during the nine months ending Dec. 20.
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Vacancy Tax Becomes Law
EghtesadOnline: The Guardians Council–a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has approved the parliament’s bill on revisions to Article 54 of Direct…
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Iran Customs Administration Becomes WFZO Observer Member
EghtesadOnline: The Islamic Republic of Iran Customs Administration has become an observer member state of World Free Zones Organization.
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Orchards Expected to Yield 24.7m Tons
EghtesadOnline: Atotal of 24.7 million tons of horticultural products are expected to be produced in Iran’s orchards in the current Iranian year (March 2020-21), more than 11.5 million tons of…
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Iran's H1 Economic Growth Positive
EghtesadOnline: Iran’s economic growth (using 2011 as the base year) turned from negative to positive in the first half of the current fiscal year (March 20-Sept. 21), the governor of the Central…
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Iran-Afghanistan Strategic Plan to Be Finalized Soon
EghtesadOnline: Deputy Foreign Minister for Political Affairs Abbas Araqchi, who is in Kabul for top-level consultations, said the Iran-Afghanistan strategic plan will be finalized soon.
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Insurers Want to Know Where Gov’t Spends Their Tax Money
EghtesadOnline: Iran Insurers’ Syndicate has called on the government to release details about how third-party auto insurance tax revenue is spent. The syndicate has strongly opposed imposing…
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Average Home Price at $584 per sqm
EghtesadOnline: The average price of each square meter of a residential property in Iran stood at 152 million rials ($584) in the month ending Nov. 20, says Mahmoud Mahmoudzadeh, the head of…
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35% of Targeted Subsidies Resources Not Realized
EghtesadOnline: Thirty-five percent of the resources estimated for the implementation of the Targeted Subsidies Law were not realized in the eight months to Nov. 20 due to the decline in oil…
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Most Provinces Report Covid-19 Downtrend
EghtesadOnline: President Hassan Rouhani on Saturday announced that most provinces across Iran are reporting a decline in infections, as National Coronavirus Headquarters removed a further 22…
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Mobarakeh Steel Company Achieves 73% Increase in Monthly Exports
EghtesadOnline: Mobarakeh Steel Company, the largest steel company in Iran and the wider Middle East and North Africa region, produced 201,429 tons and registered a 73% increase in exports during…
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Provincial Spending Package at $13.7b in New Fiscal Budget Bill
EghtesadOnline: The government has allocated 3,536 trillion rials ($13.7 billion) in the spending package for Iran’s 31 provinces as per the budget bill for the next fiscal year (March 2021-22),…
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CBI Expects Lower Inflation
EghtesadOnline: Central Bank of Iran has forecast lower consumer price inflation in the coming weeks in light of relative stability in financial markets and key monetary variables.
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Iran's Non-Oil Trade With EU Declines
EghtesadOnline: Trade between Iran and 27 member states of European Union stood at $3.54 billion during the first eight months of the current Iranian year (March 20-Nov. 20), indicating a 23.5%…
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Iran-Afghanistan Rail Linkup to Bolster Transit, Trade Relations
EghtesadOnline: The railroad connecting Iran and Afghanistan was inaugurated by Iranian President Hassan Rouhani and his Afghan counterpart Ashraf Ghani on Thursday via videoconference.