Iran
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Iran’s Gas Industry Growth Noticeable
EghtesadOnline: Despite difficulties including geostrategic challenges and the recent coronavirus pandemic, Iran has made noticeable progress in its energy sector.
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Iran’s New Banknote With 4 Light-Color Zeroes
EghtesadOnline: The Central Bank of Iran circulated a new 100,000-rial banknote with four zeroes having a light color signifying the CBI's plan to remove four zeros from the national currency.
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Iran’s Covid Deaths Surpass 40,000
EghtesadOnline: Deaths from the Covid-19 epidemic in Iran went past 40,000 on Thursday, as authorities mulled over shutting down cities hit hardest by the virus to give the country’s strained…
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CBI Lends to Banks Under OMO
EghtesadOnline: The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation.
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Iran-Italy Tourism Webinar Scheduled for Nov. 20
EghtesadOnline: A webinar on Iran-Italy tourism ties is scheduled to be held on Nov. 20, according to the secretary of Iran-Italy Chamber of Commerce’s Tourism Commission.
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CBI Optimistic About Lower Forex Rates
EghtesadOnline: Foreign exchange rates increased again Monday, with the dollar recording gains for the second day in a row. The Central Bank of Iran, however, said it expects further decline…
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Iran to Boost Covid-19 Testing as Infections Exceed 700,000
EghtesadOnline: Coronavirus infections in Iran topped the 700,000 mark on Tuesday, as the Health Ministry announced ramping up daily testing capacity to 100,000 to prevent the spread of the contagion.…
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Non-Oil Trade With SCO Countries Exceeds $15 Billion in 7 Months
EghtesadOnline: Iran traded 30.78 million tons of non-oil commodities worth $15.15 billion with the member states of Shanghai Cooperation Organization, namely China, India, Pakistan, Russia,…
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PMI for Industrial Sector Slips in 7th Fiscal Month
EghtesadOnline: The Purchasing Managers’ Index for the industrial sector of Iran during the seventh month of the current fiscal year (Sept. 22-Oct. 21) settled at 52.22 from 54.53 in the preceding…
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Iran to Boost Covid-19 Testing as Infections Exceed 700,000
EghtesadOnline: Coronavirus infections in Iran topped the 700,000 mark on Tuesday, as the Health Ministry announced ramping up daily testing capacity to 100,000 to prevent the spread of the contagion.…
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55% Rise in Red Meat Production
EghtesadOnline: A total of 39,600 tons of red meat were produced in Iran during the month ending Oct. 21 to register a 55% rise compared with the similar month of last year and a 1% decline against…
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Iran’s PMI Declines by 5.1%
EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the overall economy of Iran settled at 44.47 in the month ending Oct. 21 from 46.86 in the month ending…
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819 SMEs Revived Since March 20
EghtesadOnline: A total of 819 small- and medium-sized enterprises located in Iran’s industrial parks and estates have been revived since the beginning of the current fiscal year (March 20),…
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CBI Trying to Restrain Inflation
EghtesadOnline: With consumer price inflation galloping again in the last Iranian calendar month (Sept.22-Oct.21), the Central Bank of Iran in a report examined key factors pushing up prices…
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Q1-3 Trade With US Halves
EghtesadOnline: Iran's trade with the US stood at $33.1 million from January to September 2020 to register a 50.37% decline compared with the corresponding period of 2019.
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Main Culprits Behind Economic Woes
EghtesadOnline: Iran’s economic problems are multifaceted. This is not aimed at overlooking the incumbent government’s responsibility for the current state of affairs.
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Confectionery, Chocolate Exports Earn $250 Million in Six Months
EghtesadOnline: Iran exported $250 million worth of chocolate and confectionery during the first half of the current Iranian year (March 20-Sept. 21).
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Neighbors Account for Half of Iran's Global Transactions
EghtesadOnline: Iran traded 50.41 million tons of non-oil commodities worth over $19 billion with its 15 neighboring countries during the first seven months of the current fiscal year (March…
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Moneychangers Selling, Not Buying Currency
EghtesadOnline: The Central Bank of Iran is struggling to curb the high foreign exchange rates as best as it can through its affiliated exchange bureaus.
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Iran Hits Record High of Daily Covid-19 Deaths
EghtesadOnline: Iran reported its largest single-day increase in fatalities caused by Covid-19 on Sunday with 459 deaths, which took the national toll to 38,290, a health official said.
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Iran: Night Curfew on Businesses as Daily Corona Cases Top 9,000
EghtesadOnline: The National Coronavirus Taskforce on Saturday issued a night curfew on nonessential businesses in areas hit hardest by the coronavirus, as Iran reported its largest single-day…
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Gasoline Use Down 30%
EghtesadOnline: Gasoline consumption in Iran in the first seven months of the current Persian calendar year (March 20-Oct 2020) declined 30% compared to the same period last year.
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Phosphate Extraction Increases by 34%
EghtesadOnline: Iran's only phosphate producer, Esfordi Phosphate Industrial and Mineral Complex, registered a 34% increase in extraction to 178,563 tons during the first half of the current…
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Auto Output Surges by 13%
EghtesadOnline: Iran’s automotive output increased by 13% during the first seven months of the current Iranian year (March 20-Oct. 21) compared with the year-ago period.
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Iran's CB Dismisses Bahrain Court Ruling
EghtesadOnline: The Central Bank of Iran condemned a Bahraini court verdict convicting Iranian banks for alleged money laundering saying that it "lacks legal basis".
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Iran, Cuba Eager to Enhance Cooperation
EghtesadOnline: Foreign Minister Mohamad Javad Zarif, who is on a three-nation Latin American tour, met high-ranking Cuban officials in Havana on Friday to discuss ways of expanding relations…
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Rouhani Commends Iranians for Resisting US Economic Terrorism
EghtesadOnline: President Hassan Rouhani on Saturday expressed his gratitude to the Iranian people for its “significant and unique” resistance and patience over the past three years in the face…
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Iran: Rial Higher as Investors Await US Election Result
EghtesadOnline: Foreign exchange rates plunged in Iran’s currency market on Thursday amid nervousness over the fate of the US presidential election.
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Iran: Night Curfew on Businesses as Daily Corona Cases Top 9,000
EghtesadOnline: The National Coronavirus Taskforce on Saturday issued a night curfew on nonessential businesses in areas hit hardest by the coronavirus, as Iran reported its largest single-day…
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Iran: Uptick in Monthly Housing PMI
EghtesadOnline: The Purchasing Managers' Index for the housing sector in the seventh month of the current fiscal year (Sept. 22-Oct. 21) settled at 53.13 from 50.54 in the preceding month (Aug.…