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2018-07-28 08:56
Inflation rate at 10.2%: CBI
TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the Iranian calendar month of Tir, stood at 10.2 percent, Tasnim news agency reported.
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2018-07-28 08:55
TEDPIX gains 1024 points in a week
TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 1029 points or 0.9 percent during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported.
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2018-07-28 08:53
Investment contracts worth $42.5m signed on development of Chabahar Port
TEHRAN- Some four investment contracts, at the value of 1.83 trillion rials (about $42.5 million) on expansion of the southwestern Iranian port of Chabahar were signed on Thursday, IRNA reported.
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2018-07-27 20:35
Iran providing insurance for oil shipments to India
TEHRAN - Iran is providing insurance for oil shipments to India operated by National Iranian Tanker Company (NITC), Reuters reported citing industry sources. This decision came after some local insurers stopped providing the service in the face of impending U.S. sanctions.
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2018-07-27 20:31
Iran planning to launch its cryptocurrency to bust U.S. sanctions
Iran is moving ahead with a plan to introduce a national cryptocurrency, partly as a way of busting U.S. sanctions.
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2018-07-26 11:03
ICCS to allocate foreign currency at official rate for imports
TEHRAN- According the latest decision of officials from Iranian ministries of industry, agriculture, and health besides the Central Bank of Iran (CBI) and Islamic Republic of Iran Customs Administration (IRICA), the Integrated Comprehensive Customs System (ICCS) would be utilized as the reference for pricing goods to be imported and allocation of foreign currency at official rate to import them.
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2018-07-26 11:01
China keeps buying Iranian oil, and the trade war adds a reason to defy U.S. sanctions
China, the world’s top crude-oil buyer, imported around 718,000 barrels a day on average from Iran between January and May of this year, according to official Chinese customs data — equivalent to more than a quarter of Iran’s oil exports. China’s increased its imports of Iranian oil by 9.3 percent during the same time period from the year prior and is not expected to slow down purchases anytime soon.
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2018-07-26 10:53
1000km of gas pipelines to join national network by Mar. 2019
TEHRAN- Some 1000 kilometers of new gas transferring pipelines will be connected to the national network of the country by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Iranian Gas Engineering and Development Company.
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2018-07-26 10:51
India’s activities in Iran’s Chabahar not affected by U.S. sanctions: official
TEHRAN - Chairman of Export Promotion Council for India’s EOUs and SEZs (EPCES) said the U.S. sanctions on Iran won’t affect India’s trade activities in Iran’s Chabahar port, IRNA reported on Tuesday.
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2018-07-26 10:49
Japan seeks U.S. sanctions waiver for Iran oil imports top priority
Japan is seeking an early exemption from the U.S. on its sanctions against Iran as among the highest priority for the country's energy security as well as local refiners' need for Iranian oil, a top government official told S&P Global Platts Tuesday.
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2018-07-25 13:38
Hemmati replaced Seif as Iran central banker
Iran has got a new central bank governor as the country is struggling to check a steep depreciation of the rial and root out a series of irregularities in its banking system.
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2018-07-25 09:13
Inflation rate at 8.7%: statistical center
TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the Iranian calendar month of Tir, stood at 8.7 percent, up 0.5 percent from its previous month, IRIB reported on Tuesday.
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2018-07-25 09:12
Unemployment rate rises 0.5% in spring yr/yr
TEHRAN- According to the latest report of the Statistical Center of Iran (SCI), unemployment rate in spring which corresponds to the first quarter of current Iranian calendar year (March 21-June 21) stood at 12.1 percent, increasing 0.5 percent in comparison with the spring of last year.
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2018-07-25 09:10
Annual iron ore exports rise 31%
TEHRAN- Iran exported $1.072 billion of iron ore in the past Iranian calendar year (ended on March 20, 2018), which indicates 31.1 percent rise from its previous year’s figure, IRNA reported on Tuesday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).
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2018-07-25 09:06
Daily gasoline consumption touches 92m liters in a month
TEHRAN- Average daily gasoline consumption in Iran reached 91.7 million liters during the Iranian calendar month of Tir (June 22-July 22), 8.1 million liters more than the preceding month.
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2018-07-25 09:05
Industrial units receive €72m in loans during 4 months
TEHRAN- According to the latest announcement of Iran’s Bank of Industry and Mine, industrial units in the country have received €72 million of facilities in foreign currency since the beginning of the present Iranian calendar year (started March 21, 2018), IRNA reported on Tuesday.
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2018-07-24 09:56
Petchem exports at over $3b in a quarter
TEHRAN- Iran exported 5.356 million tons of petrochemical products worth more than $3.158 billion during the three-month period from the beginning of current Iranian calendar year (March 21), IRIB reported citing the data released by National Petrochemical Company (NPC).
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2018-07-24 09:55
Indian refiners worried over U.S. sanctions on Iran
TEHRAN – Indian refineries are getting worried about the risks that U.S. sanctions on Iran could impose on their profitability, Economic Times reported citing Mangalore Refinery and Petrochemicals Ltd (MRPL).
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2018-07-24 09:52
Rome seeking to maintain economic ties with Tehran: envoy
TEHRAN - Italian Ambassador to Iran Mauro Conciatori said Rome is trying to maintain its positive trade ties with Tehran despite U.S. sanctions, IRNA reported.
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2018-07-24 09:46
Industrial unit establishment permits rises 23% in 2 months
TEHRAN- As Iran’s Ministry of Industry, Mining and Trade has announced, 2,861 permits have been issued for establishment of industrial units during the two-month period from March 21 to May 21, which indicates 23 percent growth compared to the same period of time in the past year.
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2018-07-24 09:46
Iran holding 1st expo on aviation components designing, manufacturing
TEHRAN- Iran’s 1st Exhibition on Designing and Manufacturing Aviation Components inaugurated on Monday at Mehrabad International Airport, Fars news agency reported.
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2018-07-23 21:42
Iranian, Russian ministers discuss energy cooperation
TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said.
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2018-07-23 10:16
Sri Lanka says tea-oil deal with Iran to overcome sanctions issues
The Sri Lanka Tea Board has proposed that the payments due from Iran for tea purchases from Sri Lanka be offset against the $250 million that the Ceylon Petroleum Corporation (CPC) owes to Tehran for oil.
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2018-07-23 10:15
Cooling appliances consume 1/3rd of generated electricity
TEHRAN- According to the spokesman of Iran's Power Generation and Distribution Company (known as TAVANIR) one third of the generated electricity in summer is used by cooling appliances, IRIB reported on Sunday.
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2018-07-23 10:13
$1b allocated for medicine, medical equipment imports in 4 months
TEHRAN – Since the beginning of the current Iranian calendar year (March 21), some $1 billion has been allocated for importing medicine and medical equipment into the country, Tasnim news agency reported on Sunday.
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2018-07-23 10:12
Bank loans to economic sector rise 16.3% in 3 months yr/yr
TEHRAN – The value of facilities that Iranian banking system offered to the domestic economic sector increased by 165 trillion rials (about $3.78 billion) during the first three months of the current Iranian calendar year (March 21-June 20) compared to the same period last year.
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2018-07-22 21:06
Iran Energy Exchange ready to offer crude oil
TEHRAN- The condition is prepared for offering crude oil in Iran Energy Exchange (IRENEX), Securities and Exchange Organization (SEO) Head Shapour Mohammadi told IRNA on Sunday.
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2018-07-21 18:07
Stock market poised to attract capitals from the middle-class
TEHRAN- Iranian Finance Minister Masoud Karbasian announced that Iran’s stock market is ready to attract capitals of the middle-class, Mehr news agency reported on Saturday.
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2018-07-21 18:07
Soleymani Amiri appointed new head of Iran’s Central Insurance
TEHRAN- Gholamreza Soleymani Amiri was appointed as the new head of Central Insurance of Islamic Republic of Iran (Bimeh Markazi), Finance and Economic Affairs Ministry’s news website Shada reported on Saturday.
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2018-07-21 18:07
Govt. presents package to back production, job creation
TEHRAN- Budget and Planning Organization of Iran put forward its 10-section protective plan to support domestic production and job creation during the present Iranian calendar year (ends on March 20, 2019), Tasnim news agency reported on Saturday.