economy
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Economy Hanging in the Balance: Economist
EghtesadOnline: What are the effects of foreign policy developments on the economy? Why are inflation and market volatility persisting?
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Energy Supply Cuts Plunge Economy to ‘Rare’ Slump
EghtesadOnline: The PMI for Iran’s overall economy settled at 41.89 in the tenth month of the year from 49.14 registered in the previous month, indicating a 7.25-point or 14.75% decrease.
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Iran Overall Economy’s PMI Plummets to 23-Month Low
EghtesadOnline: The Purchasing Managers’ Index for Iran’s overall economy stood at a 23-month low in the last fiscal month (March 21-April 20).
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Capital Market Role in the Economy Improves Slightly
EghtesadOnline: Funding via the money and capital markets reached close to 36,860 trillion rials ($131 billion) in fiscal 2021-22.
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Economist Warns Against Emergence of USSR-Like Economy
EghtesadOnline: In the Iranian economy, political and ideological issues have become the prime concerns of economic decision-makers, which is a repeat of the Soviet Union experience and can take…
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Fresh Calls for Building Export-Based Economy
EghtesadOnline: Head of the Central Bank of Iran and the Minister of Industries this week underlined the need to promote non-oil exports.
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Overall Economy’s PMI Falls for Third Consecutive Month
EghtesadOnline: New data on Purchasing Managers’ Index for Iran’s overall economy declines for the third consecutive month.
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Economy Minister Warns Banks on Interest Rates
EghtesadOnline: In a meeting with CEOs of state-owned banks on Tuesday the Economy Minister Ehsan Khandouzi instructed them not to arbitrarily raise lending rates.
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Key Role of Migrants in Iran’s Economy Discussed at TCCIM
EghtesadOnline: Between 30% and 40% of Iran’s exports to Afghanistan are undertaken by Afghan migrants in Iran, according to the director general of the Export Expansion Department of the Trade…
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Expert Probes Impact of Sanctions on Iran’s Economy
EghtesadOnline: Besides the increase in money supply, monetary base and inflation, sanctions have played a key role in the volatility of foreign exchange rates in Iran’s economy, Hadi Haqshenas,…
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Spotlight on Persistent Problems in Iran’s Economy
EghtesadOnline: Mohsen Jalalpour, the former president of Iran Chamber of Commerce, Industries, Mines and Agriculture, has spelt out Iran’s most persistent problems in economic policymaking in…
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Iran’s Economy Suffers From Low Tax-to-GDP Ratio in Q1
EghtesadOnline: The tax-to-GDP ratio stood at 4.2% in the first quarter of the current fiscal year (March 21-June 21), indicating a 2.4% decline compared with the corresponding quarter of last…
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Iran's Economy Ministry Proposes Divestment in 7 Major Companies
EghtesadOnline: As the budget deficit expands, the Economy Ministry has asked the government to divest a part of its stakes in seven companies.
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Economy Minister Outlines Plans to Address Challenges
EghtesadOnline: The Economy Minister Ehsan Khandouzi says finding new ways and means to sustainably finance the government budget is a priority to his ministry.
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Raeisi Sworn in as President
EghtesadOnline: President Ebrahim Raeisi was sworn into office as Iran’s 8th president before parliament and dozens of foreign dignitaries on Thursday as he pledged to rescue the country’s ailing…
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Monthly PMI for Overall Economy Drops by 4.7%
EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy dropped in the third month of the current Iranian year (May 22-June 21)…
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Economy in Recovery Mode
EghtesadOnline: The Central Bank of Iran says volatility in the currency market is ephemeral. In a press release published on its public relations website, it said “macroeconomic variables improved…
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ICCIMA Member: Economy Needs Resilience, Not Self-Sufficiency
EghtesadOnline: What strengthens the economy is resilience rather than self-sufficiency, as resilience is the outcome of striking a balance between inclusiveness and extroversion.
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Iran Government to Divest Assets Worth $4.5b
EghtesadOnline: The government intends to sell property and shares in state companies worth 1,000 trillion rials ($4.5 billion) in fiscal March 2021-22, the economy minister said.
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Iran Economy Ministry Solicits Innovative AML Solutions
EghtesadOnline: The Economy Ministry's Financial Intelligence Unit has invited innovators and knowledge-based companies active in anti-money laundering compliance services to help the office…
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Iran Economy Shows 0.8% Growth
EghtesadOnline: Iran’s economy grew by 0.8% during the third quarter of the current fiscal year (Sept. 22-Dec. 20, 2020), the Statistical Center of Iran’s latest report shows.
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Oil Jetty in Qeshm Near Completion
EghtesadOnline: An oil jetty in the Persian Gulf is near completion in Qeshm Island and will be launched in spring, head of economy and investment affairs at Qeshm Free Zone Organization said…
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Overall PMI Increases for Three Consecutive Months
EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s economy settled at 48.83 in the month ending Jan. 19 from 47.77 in the month ending Dec.…
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SCI Reviews Iranian Economy for Second Fiscal Quarter
EghtesadOnline: The Statistical Center of Iran’s new report reviews Iran’s economy in the second quarter of the current fiscal year (June 21-Sept. 21).
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Salaf Contracts to Help Fund Housing Sector
EghtesadOnline: Plans are underway to launch standard salaf contracts for low-cost housing projects, head of the Ministry of Road's Housing Economy Department said.
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Slight Upturn in Economy’s PMI
EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the overall economy settled at 45.70 in the month ending Nov. 20 from 44.47 in the month ending…
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Iran Economy Shrinks 1.9% in Half-Year Fiscal Performance
EghtesadOnline: Iran’s gross domestic product contracted by 1.9% during the first half of the current fiscal year (March 20-Sept. 21) compared with the corresponding period of last year, the…
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Minister Reflects on the Role of Bourse in Economy
EghtesadOnline: The economy minister says the capital market improved its contribution to the economy in the current fiscal year that ends next March.
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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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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…