Iran
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Azerbaijan Determined to Expand Ties With Iran
EghtesadOnline: Azerbaijan’s Foreign Minister Jeyhun Bayramov described Iran as a friendly neighbor, reiterating the determination of top officials in Baku to expand multifaceted ties with Tehran.…
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Agro Exports Increase by 13% to $3.8 Billion in Eight Months
EghtesadOnline: A total of 5.45 million tons of agricultural products worth $3.84 billion were exported from Iran during the first eight months of the current Iranian year (March 20-Nov. 20),…
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Iranian Carmakers’ Double-Pronged Strategy for Boosting Production
EghtesadOnline: Iranian carmakers have implemented a double-pronged strategy to curb their reliance on foreign suppliers: expanding ties with local tech firms and academia, as well as collaborating…
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Survey Highlights Iran Tech Ecosystem’s Pros and Cons
EghtesadOnline: A large portion of Iranian startups and knowledge-based companies are focused on information and communications technologies, Vice Presidential Office for Science and Technology’s…
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Aluminum Exports Rise 56% to Over $100 Million in 7 Months
EghtesadOnline: Iran exported 61,147 tons of aluminum worth $101 million in the seven months to Oct. 21.
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Construction Sector Expands 5.4 Percent in 2nd Quarter
EghtesadOnline: The gross domestic product of Iran’s construction sector, which is the sub-sector of “industries and mining, sans oil” group, witnessed a 5.4% expansion in the second quarter…
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Lifespan of Iranian Buildings Half That of Global Average
EghtesadOnline: Real-estate development by individuals who don’t have the expertise needed in the field has reduced the industry to jerry-building, the managing director of Maskan Investment…
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7% Decline in Complaints Against Goods, Service Providers
EghtesadOnline: Atotal of 20,429 public complaints were filed against goods and service providers with the industries, mining and trade organizations of Iranian provinces during the Iranian month…
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Exports From Semnan Province Near $190m
EghtesadOnline: A total of 166,533 tons of commodities worth $189 million were exported from Semnan Province to 45 countries during the first eight months of the current Iranian year (March 20-Nov.…
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Travel Agencies on Verge of Bankruptcy Due to Covid-19
EghtesadOnline: Travel agencies suffered losses to the tune of 10 trillion rials ($38.5 million) in the first two months of the Covid-19 pandemic in Iran alone, of which 40% were due to the decline…
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TPO Calls for Boosting Paint Exports
EghtesadOnline: The export of each ton of paint generates $2,200 on average, says an official with the Trade Promotion Organization of Iran, adding that the figure is five times higher than the…
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Growth in Tea Production
EghtesadOnline: A total of 133,000 tons of fresh tea leaves have been harvested in Iran in the current fiscal year (started March 20, 2020), registering close to a 5% increase compared with last…
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NICICO Sales Rise 72% to $900m
EghtesadOnline: The National Iranian Copper Industries Company's sales reached 230.85 trillion rials ($900 million) in the first eight months of the current Iranian year (March 20-Nov. 21), said…
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Oil Dependency in New Budget Is Unwarranted
EghtesadOnline: Return of normalcy to Iran’s oil export after US president-elect Joe Biden takes office in January and eases the economic siege is way off, a deputy head of the Iran Chamber of…
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Iran Achieves Non-Oil Trade Surplus in 8th Fiscal Month
EghtesadOnline: Iran’s non-oil foreign trade reached $6.3 billion in the month ending Nov. 20 (the eighth month of the current fiscal year), according to Rouhollah Latifi, the spokesman of the…
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Iran’s Annual Steelmaking Capacity Close to 40m Tons
EghtesadOnline: The annual capacity of Iranian steel companies has reached 39.82 million tons, according to new data released by the Iranian Mines and Mining Industries Development and Renovation…
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Tehran Construction Permits Decline in Q1
EghtesadOnline: The Statistical Center of Iran has published its latest figures concerning building permits issued in Tehran as well as the country’s urban areas during the first quarter of the…
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Iran Ready to Fully Abide by JCPOA If US Shows Goodwill
EghtesadOnline: Foreign Minister Mohammad Javad Zarif called on the United States to first show goodwill by respecting the terms of the 2015 nuclear deal, saying Iran will then return to full…
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Talks on Mandatory Home Insurance
EghtesadOnline: The Central Insurance company of Iran, the industry’s regulatory body, is in the process of setting up a special fund to cover 30 million homes against natural disasters.
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Iran Economy Shrinks 1.9% in Half-Year Fiscal Performance
EghtesadOnline: Iran’s gross domestic product contracted by 1.9% during the first half of the current fiscal year (March 20-Sept. 21) compared with the corresponding period of last year, the…
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Tehran Housing Market Reviewed
EghtesadOnline: The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the capital city Tehran during the second quarter of the current…
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Iran-Turkey Monthly Trade Recovers
EghtesadOnline: Iran and Turkey exchanged $316.55 million worth of goods and commodities in October 2020, to register an increase in monthly trade after experiencing negative growth for several…
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Lotfabad Border Reopens for Trade With Turkmenistan
EghtesadOnline: Iran’s Lotfabad Customs Terminal in Khorasan Razavi Province’s Dargaz County, which facilitates trade with Turkmenistan, reopened on Tuesday after nine months of closure due to…
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Call for Informed Monetary Analysis
EghtesadOnline: Monetary variables, such as broad money supply, needs to be assessed in light of special circumstances and unusual circumstances, a Central Bank of Iran official said.
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Iranian Steel Production Registers Highest Growth
EghtesadOnline: Iranian steel mills produced a total of 23.8 million tons of crude steel during the first 10 months of 2020, which indicates a 12.61% rise compared with the corresponding period…
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Tehran Covid-19 Screening to Increase
EghtesadOnline: Iran’s latest scheme to stem the spread of Covid-19 involves speeding up testing and isolating infected patients, Tehran’s Governor General Anoushirvan Mohseni Bandpey said on…
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Iran's H1 Trade With CIS at $1.5b
EghtesadOnline: Iran and the Commonwealth of Independent States traded $1.5 billion worth of goods during the first half of the current Iranian year (March 20-Sept. 21).
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NDFI Loans to Help Lift Sagging Bourse
EghtesadOnline: The National Development Fund of Iran, the country's sovereign wealth fund, has deposited 10 trillion rials ($40 million) with the Capital Market Stabilization Fund to be invested…
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Ray of Hope for Business Climate
EghtesadOnline: The Governor of the Central Bank of Iran says inflation expectation has declined noticeably in recent weeks and should help businesses ravaged by the coronavirus and tough economic…
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CBI Lends $130m to Bankers Under Repo
EghtesadOnline: The Central Bank of Iran last week granted short-term loans worth 33.1 trillion rials ($130 million) to banks in need of liquidity in the interbank market.