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2024-12-03 12:33
Water inflow to Iranian dams drops by 6%
TEHRAN – Despite holding 22.66 billion cubic meters of stored water, only 44 percent of Iran’s dam capacity is currently utilized, leaving 56 percent unfilled, according to official reports.
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2024/12/02
By Mohammadmahdi Ehsantalab
Makran coasts; Trade development highway with Russia and India
TEHRAN - The coasts of Makran form the communication route between Iran and the open waters and the Indian Ocean. Chabahar port, as Iran's only oceanic port in the Makran Sea, has a high capacity in activating the country's geo-economic advantages and developing trade relations with Russia and India.
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2024-12-02 14:43
ECO expert meeting begins in Mashhad
TEHRAN - An expert meeting of the Economic Cooperation Organization (ECO) commenced in the Iranian northeastern city of Mashhad on Monday.
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2024-12-02 14:42
Non-oil exports from Mazandaran up 25% in 8 months
TEHRAN - An official at customs office of Mazandaran province says that export of non-oil products from this northern province registered a 28 percent growth in the first eight months of the current Iranian calendar year (started March 21, 2024).
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2024-12-02 14:42
Gas consumption in Iran hits 852 mcm
TEHRAN - Gas consumption across Iran has reached 852 million cubic meters (mcm), as reported by the Head of the National Gas Network Control Center.
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2024-12-02 14:42
Iran among global leaders in thermal power plant efficiency
TEHRAN - Iran has emerged as a global leader in thermal power plant efficiency, ranking 12th out of 197 countries. Recent improvements in technology and operational strategies have raised the efficiency of thermal plants from 39.3 percent last year to 39.56 percent this year, positioning Iran among the top 12 nations in this category.
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2024-12-02 14:41
By Ebrahim Fallahi
Iran-EAEU FTA to be implemented in early 2025
TEHRAN – The proposed Free Trade Agreement (FTA) between Iran and the Eurasian Economic Union (EAEU) has reached a significant milestone, receiving unanimous approval from the Economic Commission of the Iranian Parliament. The agreement now awaits final ratification in Parliament's plenary session, marking a transformative step in strengthening Iran's economic integration with the region.
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2024-12-02 14:40
Sanctions, the main barrier to attracting foreign investment: Hemmati
TEHRAN – Iranian Finance and Economic Affairs Minister Abdolnaser Hemmati stated that sanctions pose the most significant obstacle to attracting foreign investment, not the Financial Action Task Force (FATF). Speaking to IRIB, Hemmati noted that even if Iran were to adopt the Palermo and CFT conventions, removal from the FATF blacklist would not be guaranteed in the short term.
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2024-12-01 16:37
By Seyed Yasser Jebraily
Libertarianism in Practice: Evaluating Javier Milei's First Year in Argentina
As Argentina approaches the one-year mark under the presidency of Javier Milei, a right-wing libertarian and populist who took office in December 2023, it's time to take stock of the impact of his economic policies.
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2024-12-01 16:37
Production capacity increases at South Azadegan Oil field
TEHRAN - The acting head of technical inspection at Arvandan Oil and Gas Company has announced a significant increase in production capacity at the South Azadegan oil field.
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2024-12-01 16:37
CBI provides over $47b in subsidized foreign currency for imports
TEHRAN - The Central Bank of Iran (CBI) has provided $47.375 billion of subsidized foreign currency to importers of basic goods since the beginning of the current Iranian calendar year (March 20) up to November 30.
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2024-12-01 16:37
Iran stresses importance of strengthened rail cooperation among SCO members
TEHRAN – Jabbar-Ali Zakeri, Head of Islamic Republic of Iran Railways (RAI), underscored the need for enhanced rail, transit, and logistics cooperation among member states of the Shanghai Cooperation Organization (SCO).
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2024-12-01 16:36
Iran's exports to Eurasia surge 2.5 times over four years
TEHRAN – Iran’s exports to Eurasian countries have grown by 2.5 times since the country signed a preferential trade agreement with the Eurasian Economic Union (EAEU) four years ago, highlighting the success of its trade policy.
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2024-12-01 13:03
Strengthening ties with Russia, BRICS, SCO central to Iran’s policy
TEHRAN – Iran prioritizes expanding cooperation with regional powers and international organizations such as the Shanghai Cooperation Organization (SCO) and BRICS, according to Kazem Jalali, Iran’s Ambassador to Russia.
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2024-12-01 13:01
Iran’s largest gold mine reports significant increase in proven reserves
TEHRAN – Iran’s largest gold mine, Zarshouran, has announced a substantial increase in its proven reserves, sparking optimism about a potential surge in production and job creation in northwestern Iran.
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2024-12-01 13:01
Iran’s request to obtain EAEU observer status approved
TEHRAN - A senior Russian official has announced that Iran’s request to obtain the observer state status at the Eurasian Economic Union (EAEU) has been approved at a meeting of the union’s executive body, which was held by deputy prime ministers of the member states.
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2024-11-30 16:05
By Cong Peiwu, Chinese Ambassador to Iran
Jointly Building the “Belt and Road”, China and Iran Stride Forward Hand in Hand
TEHRAN - Shortly after I arrived in Iran, I visited Semnan province and the ancient post station there. I deeply felt that as early as more than 2,000 years ago, China and Iran were closely connected through the ancient Silk Road.
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2024-11-30 14:45
Iran exports non-oil goods worth $249m to Afghanistan in a month
TEHRAN – Iran exported non-oil commodities valued at $249 million to Afghanistan in the seventh Iranian calendar month of Mehr (September 22-October 21), according to the spokesman of the International Relations and Trade Development Committee of Iran's House of Industry, Mining and Trade.
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2024-11-30 14:44
Over 4.7 million tons of goods transited in 100 days
TEHRAN – More than 4.7 million tons of goods were transited through Iran's road network during the first 100 days of the 14th government’s term in office, according to data from the Iranian Transport and Urban Development Ministry, as reported by IRNA.
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2024-11-30 14:41
Iran, India, Afghanistan, Uzbekistan discuss boosting transit via Chabahar Port
TEHRAN – Officials from Iran, India, Afghanistan, and Uzbekistan convened for the third joint working group meeting in Mumbai to explore strategies for enhancing commercial transactions and facilitating the transportation and transit of goods through Iran’s Chabahar Port.
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2024-11-30 14:01
Three flare gas recovery projects to come on stream by March 2025
TEHRAN – The Managing Director of the National Iranian South Oil Company (NISOC), Ebrahim Piramoun, has announced that three major associated gas recovery projects are slated to be completed by the end of the current Iranian calendar year (late March 2025).
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2024-11-30 13:58
Iran to expand overseas farming to 2m hectares by 2029
TEHRAN - Iran has set a target to expand its overseas farming to 2 million hectares (4.942 million acres) by 2029 amid efforts to ensure sufficient food supplies in the country.
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2024-11-30 13:57
Gas consumption expected to rise by 100 mcm
TEHRAN – Natural gas consumption in Iran is expected to increase by 100 million cubic meters (mcm) in the coming weeks following the significant temperature drop across the country, according to estimations made by the National Iranian Gas Company (NIGC).
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2024-11-29 15:07
Iran exports non-oil goods worth $925m to Turkey in a month
TEHRAN – Iran exported non-oil commodities valued at $925 million to Turkey in the seventh Iranian calendar month of Mehr (September 22-October 21), according to the spokesman of the International Relations and Trade Development Committee of Iran's House of Industry, Mining and Trade.
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2024-11-29 14:14
Iran imports over 7m cellphones in 8 months
TEHRAN – Based on the latest data released by the Islamic Republic of Iran Customs Administration (IRICA), some 7.329 million cellphone handsets, valued at $1.62 billion, were imported into the country in the first eight months of the current Iranian calendar year (March 20–November 21).
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2024-11-29 14:14
Over 29,400 passenger cars imported in 8 months
TEHRAN - The head of the Islamic Republic of Iran Customs Administration (IRICA) said 29,418 passenger cars were imported into the country in the first eight months of the current Iranian calendar year (March 20-November 21).
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2024-11-29 14:11
Iran-Iraq Chamber head highlights private sector's role in economic growth
TEHRAN - Yahya Al-e Eshaq, chairman of the Iran-Iraq Chamber of Commerce, has emphasized that fostering collaboration between the government and the private sector is essential for achieving an annual eight percent economic growth envisaged in Iran’s five-year development plan.
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2024-11-29 13:59
Iran imports 61.5 tons of gold in 8 months
TEHRAN - Iran has imported some 61.5 tons of gold in the eight months to November 20 amid efforts to offset sanctions that restrict the country’s access to the international banking system.
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2024-11-29 13:58
Over 2,000 ha of lands provided for National Housing Movement units in 100 days
TEHRAN- As announced by the Iranian Transport and Urban Development Ministry, 2,046 hectares of land have been provided for the construction of National Housing Movement units across the country in the first 100 days of the current government administration’s office.
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2024-11-29 13:57
Capacity of Iran’s renewable power plants exceeds 1,300 MW
TEHRAN - The capacity of Iran's renewable power plants has reached 1,317 megawatts (MW), based on the latest data released by Iran's Renewable Energy and Energy Efficiency Organization (SATBA).