Iran
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Iran Hits Virus Milestone: 800,000 Infections
EghtesadOnline: Confirmed cases of the coronavirus outbreak in Iran exceeded 800,000 on Wednesday, as the government prepared to impose a large-scale lockdown to stem the spread of the contagion.
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Iran's Trade With Africa Tops $200m
EghtesadOnline: Iran traded 1 million tons of goods worth more than $200 million with African states during the first seven months of the current Iranian year (March 20-Oct. 21).
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Building Solar Power Plants in Desert Areas Not Feasible
EghtesadOnline: Iran is located in an arid and semi-arid region with over 300 sunny days in many parts that makes it suitable for harnessing solar energy.
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Huge Rise in Flu Vaccine Imports
EghtesadOnline: Over 38,184 kilograms of influenza vaccines worth $28 million were cleared from the Islamic Republic of Iran Customs Administration from the beginning of the current Iranian year(March…
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4% of GDP Lost to Road Accidents
EghtesadOnline: Road fatalities and injuries in Iran are estimated to cause economic losses constituting 4% of the country’s gross domestic product, the managing director of Road Safety Supporters…
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H1 Cement Production Rises 14% YOY to Over 35m Tons
EghtesadOnline: Iran' cement production in the first six months of the current fiscal year (started March 20) reached 35.63 million tons, which shows an increase of 14.4% compared with the same…
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UCO Bank Denies Cutting Iran Ties
EghtesadOnline: India's state-owned UCO Bank has denied plans to halt processing Iranian transactions.
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4% of GDP Lost to Road Accidents
EghtesadOnline: Road fatalities and injuries in Iran are estimated to cause economic losses constituting 4% of the country’s gross domestic product, the managing director of Road Safety Supporters…
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EU to Host Confab on Post-Trump Investor Opportunities in Iran
EghtesadOnline: European investors with ambitions to tap into Iranian markets, when US sanctions are lifted under the upcoming Joe Biden administration are being invited to attend a Dec. 14-16…
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Agro Exports Rise 13% YOY to $3.1 Billion
EghtesadOnline: A total of 4.5 million tons of agricultural products worth $3.1 billion were exported from Iran during the first seven months of the current fiscal year.
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With Covid Curbing Travel, Road Death Toll Declines
EghtesadOnline: Iran’s road accident death rate has declined by almost 16%, as Covid-19 has curbed land-based travel.
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Iran Gov’t Orders Full Lockdown in 150 Cities to Curb Covid-19
EghtesadOnline: President Hassan Rouhani on Sunday has ordered a widespread lockdown of cities hit hardest by the coronavirus outbreak starting next Saturday, as daily infections and deaths are…
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Iran Tourist Arrivals Decline by 72 Percent in Eight Months: UNWTO
EghtesadOnline: Iran’s tourist arrivals saw a decline of 72% in the first eight months of 2020, according to the latest data of World Tourism Organization.
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Lead, Zinc Extractions Exceed 580K Tons in 7 Months
EghtesadOnline: Major Iranian lead and zinc producers extracted a total of 584,248 tons of ores during the first seven months of the current Iranian year (March 20-Oct. 21).
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PPI of 'Agronomy, Horticulture' at 11%
EghtesadOnline: The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to Sept. 21, which marks the end of current year’s Q2, increased…
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World Bank Places Iran Among Upper Middle-Income Economies
EghtesadOnline: The World Bank has incorporated Iran into the group of upper middle-income economies in 2019.
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Iran: Airfares Set to Rise by 10%
EghtesadOnline: The Supreme Civil Aviation Council approved a 10% rise in the ticket prices of domestic flights compared with prices set by the Association of Iranian Airlines in the month ending…
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Iran: Forex, Gold Continue to Fall
EghtesadOnline: Major currencies extended losses against the rial on Sunday with the dollar closing the session more than 3.7% lower.
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Fars Tops Iran Provinces Attracting Foreign Investments in 6 Months
EghtesadOnline: Fars Province attracted over $466 million worth of foreign investment during the first half of the current Iranian year (started March 20), making it the highest earner among…
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Refiners in Iran Playing Bigger Role in Economy
EghtesadOnline: Refineries in Iran are operating at full capacity converting two million barrels of crude oil into petroleum products a day, the secretary-general of Oil Refining Industry Cooperative…
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122 Domestically-Made, Overhauled Rolling Stock Join Iran’s Rail Fleet
EghtesadOnline: Atotal of 122 domestically-made and overhauled rolling stock worth 3.66 trillion rials ($13.28 million) joined Iran’s rail fleet on Wednesday, during a ceremony attended by Minister…
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IRICA Sets Customs Clearance Record
EghtesadOnline: The Islamic Republic of Iran Customs Administration discharged more than 1.1 million tons of goods in two days to set a record.
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Iran: Scrutiny of Household Income, Spending in Fiscal 2019-20
EghtesadOnline: The average income of households living in urban areas of Tehran stood at 813.17 million rials ($2,951) in the last fiscal year (March 2019-20), the highest among all Iranian…
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Iranian Banks Told to Enforce AML Rules Diligently
EghtesadOnline: The governor of the Central Bank of Iran Abdolnasser Hemmati again instructed the CEOs of banks and credit institutions on Thursday to enforce anti-money laundering rules with…
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Iran to Tighten Covid Lockdown
EghtesadOnline: President Hassan Rouhani on Saturday said starting next Saturday, his government will impose stricter and localized quarantine measures in Iran to ward off the outbreak.
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Iran: Relative Calm in Forex Market
EghtesadOnline: Iran’s forex market seems to be relatively calm following bouts of anxiety before and after the Nov. 3 US presidential election.
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Power Efficiency Improving Gradually
EghrtesadOnline: Power loss in transmission and distribution networks in Iran now is near 9.7% and should decline to 9.2% by the end of the current Persian calendar year (March 2021), the deputy…
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122 Domestically-Made, Overhauled Rolling Stock Join Iran’s Rail Fleet
EghtesadOnline: Atotal of 122 domestically-made and overhauled rolling stock worth 3.66 trillion rials ($13.28 million) joined Iran’s rail fleet on Wednesday, during a ceremony attended by Minister…
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IRICA Sets Customs Clearance Record
EghtesadOnline: The Islamic Republic of Iran Customs Administration discharged more than 1.1 million tons of goods in two days to set a record.
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US Envoy Claims Pressure Campaign Will Persist
EghtesadOnline: The United States’ special representative for Iran claimed on Thursday that a pressure campaign of sanctions targeting Iran would persist into the administration of Joe Biden,…