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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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Iran's sponge iron exports surged by 86%
Iran has seen a nearly two-fold increase in its exports of sponge iron, a raw material mixed with scrap metal to produce steel, despite a 10-percent tariff imposed on the shipments last year.
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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.