Iran
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SCI on Q2 Youth Unemployment
EghtesadOnline: The Statistical Center of Iran provides two figures for the youth unemployment rate: for the age-group of 15-24 years and those between 18 and 35 years.
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CBI, Ministry of Industries Must End Currency Chaos
EghtesadOnline: Behshahr Industrial Group, the largest producer of edible oils and fats in Iran said it has suspended production for nine days starting Oct. 22 over the Central Bank of Iran’s…
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CBI Won’t Raise Interest Rates
EghtesadOnline: The Central Bank of Iran has no plan to increase deposit rates, the governor, Abdolnasser Hemmati, said in response to recent rumors about the likelihood of higher interest rates…
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Iran Private Ports Gain Ground
EghtesadOnline: Ports run by the private sector have maintained an acceptable record of exports to neighboring countries, given their facilities and level of investments.
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Iran Closes Down Businesses in 43 Counties Amid Coronavirus
EghtesadOnline: Iran’s National Coronavirus Taskforce shut down non-essential businesses in 43 counties with extremely high Covid-19 transmission rates for one week to slow the spread of a third…
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Highest Growth in Steel Output Among World's Top 10 Producers
EghtesadOnline: Iran has registered the highest growth in crude steel production among the world's top 10 producers, the latest report released by the World Steel Association shows.
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IRENEX Generates $1b in One Day
EghtesadOnline: More than 28 million barrels of gasoline were sold at the international ring of Iran Energy Exchange on Wednesday -- a record both in terms of value and volume.
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A Win for Private Power Producers
EghtesadOnline: As per a government directive the Iran Power Generation, Transmission and Distribution Management Company (Tavanir) will henceforth not be the sole buyer of electricity from private…
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Iran Chamber of Commerce Evaluates Q2 Business Environment
EghtesadOnline: Iran’s business environment deteriorated in the second quarter of the current year (June 21-Sept. 21), according to Iran Chamber of Commerce, Industries, Mines and Agriculture.…
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Daily Covid Cases Surge Past 5,600
EghtesadOnline: Iran’s tally of overnight Covid-19 cases hit an all-time high of 5,600 on Wednesday, breaking the previous day’s record by 11%, according to data compiled by the Health Ministry.…
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Iran's Aviation Industry May Not Recover From Covid-19 Until 2023
EghtesadOnline: Iran's aviation industry, a sector harshly hit by the spread of the new coronavirus, needs at least three years to make a comeback, says Siavash Amirmokri, managing director of…
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No Intention to Join Regional Arms Race
EghtesadOnline: Even with the removal of global restrictions, Iran has no intention to join the arms race in the region, which only serves the financial interests of weapons manufacturers, a…
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Americans Slammed Over Threats Against Iran
EghtesadOnline: China lambasted the United States for “peddling arms” and “interfering” in the domestic affairs of other countries in the wake of Washington’s threat that it will impose sanctions…
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H1 Steel Production Rises 9% YOY to Over 25 Million Tons
EghtesadOnline: Iranian steelmakers produced a total of 25.39 million tons of semi-finished and finished steel products during the first half of the current fiscal year (March 20-Sept. 21) to…
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Iran Chamber of Commerce Evaluates Q2 Business Environment
EghtesadOnline: Iran’s business environment deteriorated in the second quarter of the current year (June 21-Sept. 21), according to Iran Chamber of Commerce, Industries, Mines and Agriculture.…
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Dollar Falters, Gold Loses Luster
EghtesadOnline: Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran.
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Grim Outlook as Stocks Plummet
EghtesadOnline: Sell-off continued battering Iran’s share market on Tuesday with the benchmark of the Tehran Stock Exchange, TEDPIX, having lost more than 10% in the past three sessions.
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Abdullah Seeks Iran’s Support for Afghan Peace Process
EghtesadOnline: A top Afghan authority has called on Iranian officials to cooperate with the South Asian government and support its peace process to ensure sustainable stability in that war-torn…
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UN Arms Embargo Terminated
EghtesadOnline: The Iranian Foreign Ministry on Sunday announced the automatic termination of the United Nations’ arms restrictions and travel ban on Iran as of October 18 in accordance with…
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H1 Agricultural Exports Grow by 12 Percent YOY to $2.5 Billion
EghtesadOnline: Iran’s agricultural exports in the first half of the current fiscal year (March 20-Sept. 21) increased by 12.2% despite the coronavirus outbreak, says an official with the Islamic…
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IMF Expects Iran's 30% Inflation to Persist in 2021
EghtesadOnline: The International Monetary Fund expects the inflation rate in Iran to remain at around 30% in 2021 as in this year.
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Official Laments Government’s Leather Policies
EghtesadOnline: A total of $7 million worth of unfinished leather and wet-blue (processed raw hide before turning into finished leather) were exported from Iran during the first five months of…
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IRIR Chief Highlights Khaf-Herat Railroad's Transit Potential
EghtesadOnline: The 130-kilometer-long Khaf-Herat railroad connecting Iran and Afghanistan has high potential for transit to the eastern neighboring country, according to the head of the Islamic…
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Iran's Trade With Eurasian Economic Union Hit $2.8 Billion
EghtesadOnline: Iran and the Eurasian Economic Union traded a total of about $2.8 billion worth of goods between October 27, 2019, when a preferential trade agreement came into effect between…
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Household Gas Use Expected to Reach 650 mcm/d in Winter
EghtesadOnline: An estimated 880 million cubic meters of gas will be injected into the Iran Gas Trunkline (IGAT) per day in winter (Dec 21, 2020 and March 20, 2021) to meet projected rise in…
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Rail Passenger Trips Down 80%
EghtesadOnline: Passenger rail services have experienced an 80% nosedive during the first half of the current Iranian year (March 20-Sept. 21), inflicting 14 trillion rials ($44.2 million) in…
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IMF Expects Iranian Unemployment Rate to Rise 0.2% in 2021
EghtesadOnline: The International Monetary Fund expects the unemployment rate in Iran to rise from 12.2% in 2020 to 12.4% in 2021.
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34% Decline in Coal Concentrate Output
EghtesadOnline: The combined output of Iran’s two major coal producers reached 42,569 tons of coal concentrates during the sixth Iranian month (Aug. 22-Sept. 21) to register a 34.6% decline compared…
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Covid-19 Deaths Exceed 30,000
EghtesadOnline: Iran’s death toll from the coronavirus outbreak topped the 30,000 mark on Saturday, as the government extended lockdown disciplines in the capital Tehran to contain the viral…
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Neighboring States Constitute 70% of $13.5b Exports in H1
EghtesadOnline: Iran’s 15 neighbors accounted for 70% of the country’s total exports during the first half of the current Iranian year (March 20-Sept. 21), according to the head of the Trade…