economy
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Retail Sector's PMI Plummets
EghtesadOnline: The Economy and Planning Division of Iran Chamber of Guilds' latest report on Purchasing Managers’ Index for the retail sector shows a significant decline in the economic indicator.
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Share Market Playing Bigger Role in Economy
EghtesadOnline: The Ministry of Economy says that the capital market has expanded its role in contributing to the economy thanks to the share market and rise in the number of investors.
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IMF Predicts Iran Economy to Return to Growth in 2021
EghtesadOnline: The International Monetary Fund expects Iran's economy to return to growth in 2021.
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OPEC: Oil Demand to Plateau in Late 2030s
EghtesadOnline: World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting…
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PMI Trend Implies Slow Recovery
EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the economy settled at 46.86 in the month ending Sept. 21 from 46.43 in the month ending Aug. 21,…
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Economy Ministry: Plans to Divest Hit a Snag
EghtesadOnline: Government organizations refuse to abide by budgetary laws that call for relinquishing more than 60 trillion rials ($210 million) in assets, an official with the Economy Ministry…
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Tax Evasion Undermining Economic Equality
EghtesadOnline: Visible inequality in income distribution aside, Iran’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever.…
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1,000 Gov’t Estates on Divestiture List
EghtesadOnline: About 1,000 estates owned by the government are on the divestiture list by the time the current fiscal is out next March, an official with the Economy Ministry said.
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3 Petrochemical Projects Come Online
EghtesadOnline: Three petrochemical projects became operational in the past week and will help complete the value chain of the key industry as the country gradually moves away from an oil economy…
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Overall Economic PMI Slightly Improves
EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran's overall economy settled at 46.43 in the month ending August 21 from 45.47 in the month ending July…
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Iranian Banks Shutter Branches to Cut Costs
EghtesadOnline: Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report.
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Capital Market Performance Appraised
EghtesadOnline: The Economy Ministry has reported the performance of the domestic capital market in the year ending August 2020.
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Tying Economy to Foreign Events a Strategic Mistake
EghtesadOnline; Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei advised against linking the country’s domestic economy to foreign developments, describing it as “a strategic mistake”.
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Iran Gov’t Decides ETFs Are Ideal
EghtesadOnline: The economy and oil ministries said Tuesday that they would stick with the previously announced method to divest government shares in four refineries via an exchange-traded fund…
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Iran’s PMI Contracts 6.4%
EghtesadOnline: The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the Iranian economy settled at 45.47 in the month ending July 21 from 48.41 in the month ending…
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Tehran Housing Dynamics
EghtesadOnline: The Planning and Housing Economy Office of the Ministry of Roads and Urban Development has released a report on Tehran's housing market in the fourth month of the current Iranian…
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INTA Penalty Relief Extended Through 2020-21
EghtesadOnline: Economy Minister Farhad Dejpasand says those who pay their back taxes completely by March 2021 will be eligible for the Iranian National Tax Administration’s penalty relief.
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Iran's Non-Oil Economy Grew by 1.1% in Fiscal 2019-20
EghtesadOnline: The Iranian economy grew by 1.1% in the fiscal 2019-20, excluding oil, the governor of the Central Bank of Iran says.
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Business Activities Rebound
EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy rebounded in the second month of the current fiscal year (April 20-May 20), thanks…
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SCI: Economy Contracts by 7%
EghtesadOnline: The Iranian economy experienced a 7% contraction in the fiscal 2019-20, the Statistical Center of Iran said in its latest report.
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World Bank Anticipates Iranian Economy to Bounce Back in 2021
EghtesadOnline: The World Bank expects Iran's economy to bounce back to growth in 2021 with 2.1% in GDP expansion after having experienced an estimated 5.3% contraction this year.
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Need to Shore Up Economy Amid Virus Fight
EghtesadOnline: President Hassan Rouhani said on Saturday Iran has no choice but to pursue economic goals, as it tries to stem the spread of the novel coronavirus.
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To Help Fight Covid-19 MBRI Proposes Supplementary Measures
EghtesadOnline: The Monetary and Banking Research Institute has proposed a series of proposals to supplement previous measures to cope with negative impact of Covid-19 on the economy.
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Divestments to Help Development Projects
EghtesadOnline: Earnings from the first phase of the government’s disinvestment plan will be used for development projects stated in the fiscal 2020-21 budget, a deputy minister of economy said.…
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Virus Infections Cross 120,000 in Iran
EghtesadOnline: Iran’s tally of Covid-19 cases rose above 120,000 on Sunday, as the country continued to ease containment measures to revive its economy.
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Divestiture Policy on Thin Ice
EghtesadOnline: The government’s plan to divest its shares in state-run companies via exchange-traded funds can neither be called privatization nor a realistic move toward a market economy, says…
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Covid-19 Sinks Business Activities to Record Low
EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy nosedived to its lowest level in the first month of the current fiscal year (March…
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Struggling Insures Seek Gov’t Help
EghtesadOnline: Iranian Insurers’ Syndicate has asked the Ministry of Economy for financial aid to the industry burdened by the impact of the coronavirus spread.
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Gov’t to Launch Divestiture Scheme May 3
EghtesadOnline: The Ministry of Economy announced a timeframe to launch the first phase of a divestiture scheme based on which government will sell its stakes in state-affiliated companies.
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$500 billion coronavirus aid package passes U.S. Senate, headed to House
EghtesadOnline: The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the…