pandemic
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Oil Extends Losses as Stockpiles Rise Amid Weakening Demand
EghtesadOnline: Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels.
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Pandemic,Teleworking Improve Iranian Game Developers’ Productivity
EghtesadOnline: Most remote-working Iranian game developers have reported a surge in productivity, following the outbreak of the novel coronavirus.
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Businesses Booming Under Pandemic
EghtesadOnline: While many businesses are hurting during the coronavirus pandemic, some are seeing an increase in demand and sales.
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Oil Skids as Demand Optimism Fades
EghtesadOnline: Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while…
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School Year Begins in Iran Amid Covid-19 Concerns
EghtesadOnline: The new school year opened on Saturday in Iran following a nearly seven-month gap, as families expressed concerns over the safety of their children amid the coronavirus pandemic.
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Oil Near $44, Heads for Weekly Drop as Demand Concerns Rise
EghtesadOnline: Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19…
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Health Minister Warns of Third Covid-19 Wave
EghtesadOnline: Iran’s death toll due to the coronavirus pandemic crossed the 22,000 mark on Friday, as the country’s health minister warned that public complacency could trigger a third wave…
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Rouhani Prioritizes Students’ Presence in Schools
EghtesadOnline: President Hassan Rouhani on Wednesday said his administration’s priority is the return of students to schools while adhering to safety regulations, as the coronavirus pandemic…
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Canadian Oil and Gas Spending Plummets 54%
EghtesadOnline: Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers…
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90% of Reception Halls Suffer Covid-19 Bankruptcies
EghtesadOnline: Reception halls have suffered losses for more than seven months now due to the Covid-19 pandemic and some 90% of them have gone bankrupt, according to the head of Reception Hall…
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Oil Prices Rise as Producers Talk Up Efforts to Rein in Supply
EghtesadOnline: Oil prices climbed on Friday, on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about economic recovery…
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University Entrance Exams Begin Amid Covid-19 Resurgence
EghtesadOnline: Iran’s death toll from the coronavirus pandemic topped the 20,000 mark on Wednesday, as over one million students sat for the nationwide tests to enter undergraduate and graduate…
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Covid-19 Taking Toll on 50% of Iranian Startups
EghtesadOnline: Around 50% of Iranian startups will most probably collapse due to the coronavirus pandemic and its economic impact, Iran's ICT Guild Organization declared in a report.
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Exhibition Industry Suffers $14m Loss Due to Pandemic
EghtesadOnline: Iran’s exhibition industry has suffered losses estimated at 3.1 trillion rials ($14 million) following the outbreak of the new coronavirus, according to the CEO of Iran International…
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Long-Term Plan to Deal With Covid-19
EghtesadOnline: President Hassan Rouhani on Saturday said his administration prefers a long-term solution to the fast-spreading coronavirus pandemic to safeguard the people’s health and livelihood.
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Measures to Curb Covid-19 Extended in Tehran
EghtesadOnline: The unabated spread of coronavirus pandemic in Iran’s capital prompted officials to extend both a remote working policy and the suspension of the city’s restricted traffic zone…
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Univ. Entrance Exams Will Likely Be Postponed Amid Pandemic
EghtesadOnline: Iran is expected to postpone its annual university entrance test for the second time, as authorities in charge of holding the test have found it impossible to implement the Health…
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Tehran Hotels Occupancy Rate at 5-15% Amid Covid-19 Pandemic
EghtesadOnline: Hotel occupancy rate in Tehran currently stands at 5-15%, despite a 50% discount in prices, according to the head of Tehran’s Hotel and Apartment Hotel Owners Society.
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‘No Return to Normality’ in Short Run as Covid-19 Rages On
EghtesadOnline: Return to normality and the “defeat” of the coronavirus pandemic is not feasible during the next months, an Iranian health official said, pointing out that the only solution in…
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Taming Inflation the Iran's CB Way
EghtesadOnline: The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent…
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Oil Refining Capacity May Not Fully Recover From Pandemic
EghtesadOnline: Millions of barrels of oil refinery capacity might permanently close across the global energy complex after being lost when demand crashed during the coronavirus pandemic, US…
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Iran's Q1 Rail Passenger Traffic Decreases by 84 Percent
EghtesadOnline: The coronavirus pandemic has dealt a heavy blow to the Iranian rail sector.
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WHO Donates Medical Supplies to Iran
EghtesadOnline: Using funds raised by Kuwait and Japan, the World Health Organization donated $4 million worth of CT scanners to help Iran quell the coronavirus pandemic.
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Iran: 203 Deaths Take Virus Toll Beyond 13,000
EghtesadOnline: Fatalities from the coronavirus pandemic crossed 13,000 on Monday, as Iran’s daily death rate increased steadily over the past three days.
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‘No Mask, No Service’ Policy Adopted
EghtesadOnline: President Hassan Rouhani said government offices and the public transport system are to reject customers and passengers not wearing face coverings starting Sunday, when a nationwide…
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Pandemic Loans for Iranian Transporters
EghtesadOnline: Deputy Minister of Roads and Urban Development Shahram Adamnejad said 35,000 billion rials ($175 million) worth of loans will be allocated to the coronavirus-hit transportation…
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Iranian Insurers Count Cost of Covid-19
EghtesadOnline: Data released by the Central Insurance of Iran, the body in charge of supervising the industry, shows that the Covid-19 pandemic has impacted the business of insurance companies…
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Daily Virus Deaths Rise to Record High
EghtesadOnline: Iran registered a record high in daily fatalities from the Covid-19 pandemic on Monday, as the country began to feel the inevitable consequences of large-scale reopenings.
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Facemasks to Become Mandatory in Public
EghtesadOnline: Iranians will be required to wear facemasks in public starting next week, as daily fatalities from the coronavirus pandemic have risen to a three-month high on Sunday.
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Iran to Reopen Schools, Universities Amid Pandemic
EghtesadOnline: With no end in sight for the Covid-19 outbreak, schools and universities in Iran will reopen at the end of the summer following months of closure.