Iran
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Iran’s Aluminum Import During 2018-20 Reflects Uptrend
EghtesadOnline: Iran's import of aluminum sheets, plates and strips during 2018-19 reached 8,898 tons worth $14.44 million and is expected to reach 6,241 tons worth $12.26 million in 2020.
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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’s Daily Covid-19 Update: 424 Fatalities, 8,864 Cases
EghtesadOnline: Iran recorded 8,864 more confirmed cases of the novel coronavirus on Friday and the daily death count remained above 400 for the sixth day in a row, health officials said.
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Covid Cases Hit New Record
EghtesadOnline: Iran logged 8,930 new coronavirus infections in the past 24 hours on Tuesday, shattering its previous record for new Covid-19 cases set four days ago, health officials announced.
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Iran: Forex Market Retreats, Gold Gains
EghtesadOnline: Currencies traded choppily in Tehran’s market on Wednesday, before ending lower and gold prices market soared.
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Web Confab on Austrian Business Potentials Planned
EghtesadOnline: A virtual conference centering on business opportunities in Austria for Iranians, hiring international talents, establishing a corporate presence, opening a bank account and Austrian…
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Industrial PPI Inflation Hits Record High in Second Quarter
EghtesadOnline: The overall Producer Price Index of the industrial sector stood at 805.4 in the second quarter of the current year (June 21-Sept. 21), indicating a 37% increase compared with…
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Banana Output at 90K Tons Last Year
EghtesadOnline: A total of 90,000 tons of bananas were produced in Iran on 4,881 hectares in the last Iranian year (March 2019-20), the director general of Agriculture Ministry’s Tropical and…
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H1 Mineral Explorations Cover 50K Sq Km
EghtesadOnline: The area under mineral explorations in Iran expanded by 50,000 square kilometers during the first six months of the current Iranian year (March 20-Sept. 21), according to the…
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Iran’s Foreign Debts, Assets Rise
EghtesadOnline: The last report published by the central bank shows increase in Iran’s external debts and assets.
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Iran's Non-Oil Trade Drops 23% YOY to Over $38 Billion in 7 Months
EghtesadOnline: Iran’s non-oil foreign trade stood at 84.8 million tons worth $38.27 billion during the first seven months of the current fiscal year (March 20-Oct. 21).
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MCC Approves CBI Proposal to Control Balance Sheets of Banks
EghtesadOnline: Iran’s Money and Credit Council, the top monetary decision-making body, approved proposals from the Central Bank of Iran to improve the balance sheets of lenders.
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Covid Cases Hit New Record
EghtesadOnline: Iran logged 8,930 new coronavirus infections in the past 24 hours on Tuesday, shattering its previous record for new Covid-19 cases set four days ago, health officials announced.
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Increase in Bank Service Charges
EghtesadOnline: The Central Bank of Iran has required banks to charge customers higher fees for banking operations in rial and electronic banking services.
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Mining Sector Development Plans Making Headway
EghtesadOnline: A total of 309 mining projects became operational during the first half of the current Iranian year (March 20-Sept. 21), registering a 7.7% growth compared with the same period…
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CBI Says Forex Injections Help
EghtesadOnline: The Central Bank of Iran said it injected $450 million into the market to help stabilize the volatile market and control foreign exchange rates.
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Iran Exports to EU Jump 40%
EghtesadOnline: Iran's exports to 27 European Union member states increased by 39.11% to around €55.7 million in August 2020, with a leap in the Netherlands' imports from Iran.
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Covid Cases Cross 600,000
EghtesadOnline: Iran’s total coronavirus infections surpassed 600,000 on Friday, including 48,000 who contracted the virus over the past week, as the deadly pandemic rages through the country.
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Iran Proposes Initiative for ‘Lasting Peace’ in Nagorno-Karabakh
EghtesadOnline: Deputy Foreign Minister for Political Affairs Abbas Araqchi explained some aspects of Iran’s initiative for the settlement of the conflict over Azerbaijan’s breakaway region of…
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Iran's Power Consumption Declines
EghtesadOnline: Farming communities and industries cut their power consumption (by turning off water pumps and machinery) in the hot season (June-August) by 2 billion kilowatt hours, the Energy…
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Iran: Currency and Gold Weaken
EghtesadOnline: The currency and gold coin markets on Wednesday fluctuated posting drops after Tuesday's gains. The US dollar lost 2.5% or 6,000 rials during the day to close at 280,000 rials…
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Transportation Inflation Tops 100% YOY
EghtesadOnline: The transportation sector recorded a whopping inflation rate of 109.5% year-on-year in the seventh month of the current Iranian year (Sept. 22-Oct. 21) – the highest among 12…
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Services Sector's Employment Share in Summer at 48%
EghtesadOnline: The services sector employed 48.1% of the Iranian employed population (11.32 million) in the second quarter of the current fiscal year (June 21-Sept. 21), which is 1% less than…
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40 Percent of Iran's Exports Headed for Neighboring Arab States in H1
EghtesadOnline: More than $5.3 billion out of Iran’s overall $13.56 billion worth of non-oil exports (around 40%) during the first half of the current Iranian year (March 20-Sept. 21) headed…
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Iran: Currency and Gold Bounce Back
EghtesadOnline: Foreign exchange and gold prices in Tehran increased on Tuesday after posting declines in the past couple of days.
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CBI Allocates Funds to Fight Coronavirus Crisis
EghtesadOnline: The Central Bank of Iran has paid the rial equivalent of €600 million demanded by the Health Ministry to help medical workers cope with the rapidly spreading Covid-19 pandemic,…
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Non-Compliance With FATF Rules Harming Iran’s Int’l Financial Ties
EghtesadOnline: Not complying with standards of the Financial Action Task Force, the international anti-money laundering watchdog, has further undermined Iran’s access to international banking…
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Utilities Face Challenges of Maintaining Transformers
EghtesadOnline: There are 2,300 transformers with total 130,000 megavolt ampere capacity in the power distribution network that need to be replaced, a member of the Iran Electricity Industry…
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Tehran Water Treatment Capacity Rising
EghtesadOnline: To further improve potable water quality and curb land subsidence in Tehran Province, the first phase of a water treatment plant is complete and will become operational soon,…
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Miandoroud Tangerine Exports Surpass 2.5K Tons
EghtesadOnline: More than 2,500 tons of tangerine have been exported from Mazandaran Province’s Miandoroud County since the beginning of the current Iranian year on March 20.