Tehran
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Forex Rates and Gold Back to Record Highs
EghtesadOnline: After a brief lull, currency rates again rallied against the rial on Sunday. The dollar was quoted at 273,000 rials in Tehran’s open market, up 7,000 rials, or 2%.
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Third Covid-19 Wave Hits Tehran
EghtesadOnline: Head of Tehran’s coronavirus taskforce called for the government’s “serious intervention” to assist the key province in confronting a third wave of Covid-19 infections.
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Share Market in Hot Seat
EghtesadOnline: Tehran’s share market saw a bruising sell-off on Sunday pulling down the main market indicators as political concerns weighed on investor sentiment.
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Leap in Number of Gas Subscribers in Tehran
EghtesadOnline: The number of gas meters in the household sector grew by 45% (1 million) in the past eight years in Tehran Province alone, head of the provincial Gas Company said.
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TCCIM to Hold 4 Specialized Courses in Oct.-Nov.
EghtesadOnline: The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold four specialized courses on…
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Refineries Pull Down Bourse
EghtesadOnline: Tehran stock market closed the first weekly session on Saturday slightly lower amid a sell-off of major refinery shares.
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US Sanctions Snapback Bid Downplayed as Vain
EghtesadOnline: Foreign Minister Mohammad Javad Zarif said the United States’ attempt to return international sanctions on Tehran within a week is vain because Washington is not globally regarded…
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Shares Pare Earlier Losses
EghtesadOnline: Tehran’s share market pared earlier losses at the close of trading week on Wednesday as investors, buoyed by supportive measures, repositioned to the buy side.
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Exporters and Government Caught in the Crosshairs
EghtesadOnline: Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture again faulted stringent CBI rules that govern the repatriation of export earnings.
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TEDPIX Closes 3.5% Higher
EghtesadOnline: Tehran stocks gained some more lost ground as angst-ridden investors started leaving the sell side, and finding share prices attractive, rushed to buy.
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Any Hostile US Move Will Receive Strong Response
EghtesadOnline: The Iranian government said any hostile measure by the United States against the country will face Tehran's strong response.
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New Subway Project to Tackle Tehran’s Transportation Needs
EghtesadOnline: The development of public transportation has been high on Tehran urban managers’ agenda, for which the capital launched the construction of the subway’s Line 10 last week.
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Exporters and Government Caught in the Crosshairs
EghtesadOnline: Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture again faulted stringent CBI rules that govern the repatriation of export earnings.
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TEDPIX Closes 3.5% Higher
EghtesadOnline: Tehran stocks gained some more lost ground as angst-ridden investors started leaving the sell side, and finding share prices attractive, rushed to buy.
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Assassination Plot Against US Envoy Denied
EghtesadOnline: The Iranian Foreign Ministry rejected a report about Tehran’s plans to assassinate an American diplomat in South Africa, describing it as “biased and targeted”.
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Dam Water Levels Plunge
EghtesadOnline: Since the beginning of the current water year last September the amount of water in dams around Tehran has plunged by 100 million cubic meters compared to the same period last…
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Red Meat Production Up 41%
EghtesadOnline: A total of 37,100 tons of red meat were produced in Iran during the month ending Aug. 21 to register a 41% rise compared with the similar month of last year and a 2.5% growth…
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Stocks Open Week on High Note
EghtesadOnline: Tehran stocks opened trading week Saturday on a strong note as sell-side pressure eased and sentiments buoyed by new supportive measures announced by the regulator.
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Tehran Chamber of Commerce to Host Online Trade Forum With Russia
EghtesadOnline: A forum will be held on Sept. 21 through Tehran Chamber of Commerce, Industries, Mines and Agriculture's online platform for reviewing trade ties between Iran and Russia.
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Little Hope for Bourse
EghtesadOnline: Tehran Stocks offered a sliver of hope at the close of trading week Wednesday as sell-off pressure eased in the final hours of trading session.
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Signs of Calm Emerging From Tehran Housing Market: CBI
EghtesadOnline: After months of turbulence and sharp increases, a new report by the Central Bank of Iran shows a semblance of calm has returned to Tehran’s housing market.
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Indian FM Meets Zarif in Tehran
EghtesadOnline: Indian Foreign Minister Subrahmanyam Jaishankar made a stopover in Tehran on Tuesday to hold consultations with his Iranian counterpart, Mohammad Javad Zarif, on his way to Russia…
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Exports From Tehran’s Customs Terminals Exceed $260m
EghtesadOnline: A total of $261 million worth of non-oil commodities were exported from Tehran’s custom terminals during the first four months of the current Iranian year (March 20-July 21),…
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Forex Reaches All-Time High
EghtesadOnline: Foreign exchange rates gained against the rial in Tehran’s unofficial market Tuesday amid rising demand and despite large-scale forex injection by exchange bureaus affiliated…
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Tehran Share Market Distress Intensifies
EghtesadOnline: After fragile gains in the past two session, Tehran stocks plunged further on Monday as investors rush to sell with simply no empathy from buyers.
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Bern Stands by Tehran in Hard Times
EghtesadOnline: Switzerland’s Foreign Minister Ignazio Cassis said Bern continues to stand by Tehran to help it address the economic challenges arising from the United States’ tough sanctions.
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Tehran Traffic Snares Return With Early School Reopening
EghtesadOnline: The early reopening of schools this year on Saturday amid the spread of the novel coronavirus has brought with it heavy traffic jams in the capital city of Tehran.
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Sell-Off Pressure Rattles Bourse
EghtesadOnline: Relentless sell-off pressure hit the Tehran stock market on Sunday as retail investors struggled to get their money back while institutional buyers continued to boost demand.
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Tehran Stocks Get Out of the Rut
EghtesadOnline: The market cap-weighted index of Tehran Stock Exchange, TEDPIX, gained 10,096 points on Saturday to close session 0.62% higher. The TSE benchmark ended trade at 1,642,037 points,…
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Forex, Gold Move Higher in Tehran
EghtesadOnline: After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday with the dollar gaining more than 5,000 rials in Tehran’s open market.