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SCI: Iran inflation rate rises 0.2% y/y in September
Iran’s annual inflation rate has been largely stable in September despite lower spending by the households amid the spread of the coronavirus pandemic.
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Moscow Slams 'Illegitimate' US Claims On Iran Sanctions
The Russian foreign ministry condemned the unilateral declaration by the United States that UN sanctions on Iran are back in force as "illegitimate" and "unacceptable".
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Iran ranks 1st in world oil, gas exploration in 2019
National Iranian Oil Company (NIOC) by exploring 4.9 billion barrels liquid hydrocarbon in 2019, is standing on top of oil giants in the world.
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874,000 Bad Checks Written In One Month; CBI data shows
Checks worth about 195 trillion rials ($866 million) bounced during the Iranian month to July 21 -- up 4.9% and down 0.8% in terms of volume and value respectively, compared to a month earlier.
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over past five months;
$10 billion investments made in oil & petrochemical industries
Some 10 billion investments have been made in oil and petrochemical industries over the past five months since the beginning of the current Iranian year (started on March 21, 2020), Oil Ministry said on Tuesday.
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Iran agricultural output surge by over 28% in 6 years
Iran has seen a major growth in its agricultural sector as output has increased by more than 28 percent in six years ending March 2020.
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Leader: Iran’s economy should not be tied to foreign developments
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned that the country’s economic future should not be tied to developments in other countries, including the November presidential elections in the United States.
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EU Says US Is not Entitled To Trigger 'Snapback' Sanctions On Iran
US withdrew from the JCPOA in 2018 and can no longer call on its mechanisms, EU foreign policy chief said.
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Iran to supply oil at energy bourse
President Hassan Rouhani said on Tuesday that the Iranian government has a plan to supply oil in the energy bourse so that the traders can trade oil in the domestic market.
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Swiss government:
First Swiss deal with Iran via humanitarian channel gone through
A Swiss pharmaceutical company has completed the first transaction under a new humanitarian trade channel with Iran, the government in Bern said on Monday.
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Iran’s estimated copper reserves climb by over 500mln tons
Iran has found new copper reserves of around 528 million metric tons to become the world’s seventh largest holder of such reserves, says an industry chief.
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Zarif: FM to use all means to return Iran's blocked funds
Iranian Foreign Minister Mohammad Javad Zarif says his department would exhaust all means to have the country’s blocked funds released, adding that China and Oman have been the most supportive in this regard.
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IMF urges 'equity-like' government support for virus-hit firms
International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damage on companies.
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Tehran, Moscow to hold joint economic cooperation commission
Iranian ambassador to Moscow Kazem Jalali and Russian Deputy Energy Minister Anatoly Tikhonov met and held talks on the latest and upcoming energy cooperation between Iran and Russia.
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Central Bank of Iran unveils its Euro Deposit Certificate plan
The Central Bank of Iran (CBI) is planning to issue certificates of deposit in euro as it struggles to contain liquidity and tame the rising inflation in the country.
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Iran says it's ready for talks if U.S. apologises over nuclear pact
Iran would be open to talks with the United States if Washington apologises for exiting a 2015 nuclear deal and compensates Tehran, Iranian President Hassan Rouhani said on Wednesday.
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Iran President Appeals to IMF to defy U.S., Grant It a $5 Billion Loan
Iranian President Hassan Rouhani appealed to the International Monetary Fund to defy U.S. resistance and grant the country a $5 billion loan.
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Iran signs two-year contract with Iraq to export electricity
Iran has signed a two-year contract with Iraq to export electricity to the neighbouring country, Energy Minister Reza Ardakanian said.
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CBI: First Bond Auction Will Be Held on Tuesday
The Central Bank of Iran will hold its first auction of government bonds on Tuesday. It has asked banks to place buy orders for the «Murabeha bonds» on the interbank trading platform.
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Tehran Stocks Exceed Key Level, Doubling Since First Virus Case
The Tehran Stock Exchange’s main index of shares exceeded one million points for the first time on Saturday, extending the record highs reached as the benchmark more than doubled since Iran’s first recorded Covid-19 case.
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Deputy Minister;
"Reviving Cotton Seed plants of utmost importance to Boost Production"
The Iranian deputy minister of agricultural jihad stressed on the necessity of handing over cotton and oilseeds plants to the Union of Agricultural Cooperatives of Cotton and Oilseeds In order to help boost domestic production in the country.
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Iran's Trade With EU Grows by Over 9%
Trade between Iran and EU member states during January-February stood at €787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the European Statistical Office show.
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EU foreign policy chief scolds U.S. for blocking Iran loan from IMF
Josep Borrell, the EU's foreign policy chief, criticized the U.S. for blocking an Iranian request for a loan from the International Monetary Fund.
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New Transactions with Iran Using INSTEX Imminent, Berlin says
The Foreign Minister of Germany said that new transactions using the EU-Iran trading mechanism INSTEX, designed to allow Europeans continue trade with Tehran without breaking US sanctions, is underway soon.
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Time to Act Is Now;
CBI Chief Urges IMF to Provide Virus Loan via INSTEX or SHTA
Iran’s central bank governor urged the International Monetary Fund to resist U.S. pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion) deficit as the country’s sanctions-hit economy struggles to cope with the coronavirus pandemic.
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Iran records $20 billion of non-oil exports to neighboring countries
Iran exported $20.3 billion dollars’ worth of goods to the neighboring countries over the past 10 months in the previous Iranian year.
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SCI: Inflation rate stood at 34.8% in last year
the latest report of the Statistical Center of Iran (SCI) suggests that inflation rate in the last Iranian calendar year 1398 (ended on March 19, 2020) stood at 34.8 percent.
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Iran private sector calls on Eurochambres to defy US sanctions
President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has called on European national and local chambers of commerce to ask their governments to defy White House’s anti-Iran sanctions amid the outbreak of the novel coronavirus.
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CBI asked IMF for $5 billion rapid funding to fight COVID-19
The Governor of the Central Bank of Iran (CBI) announced on an instagram post that he in a letter has requested International Monetary Fund (IMF) to access to the fund's available $50-billion-emergency financing facilities, in a bid to address COVID-19.
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Hemmati: Iran established global banking ties beyond FATF
The Governor of the Central Bank of Iran (CBI) says the country has established international banking ties that are unsanctionable and also do not relate to FATF.