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63% Rise in Inbound Cigarette Smuggling

EghtesadOnline; A total of 7.36 billion cigarettes were smuggled into Iran during the five months to Aug. 21, indicating a 63.2% increase compared with the corresponding period of last year, the Ministry of Industries, Mining and Trade reported.
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Publish Date: 27/September/2020 | 11:53

1.2m Tons Added to Iran’s Steel Production Capacity

EghtesadOnline: The second phase of South Kaveh Steel Company with a steel ingot production capacity of 1.2 million tons was inaugurated on Saturday in a ceremony attended by First Vice President Es’haq Jahangiri in Persian Gulf Special Economic Zone, located in the port city of Bandar Abbas in Hormozgan Province, according to the company’s CEO.
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Publish Date: 27/September/2020 | 11:48

Covid-19 Takes a $69m Toll on Iran’s Public Transport Fleet

EghtesadOnline: Since the outbreak of the novel coronavirus in Iran in February, the country’s public transportation system has incurred a massive loss of over 20 trillion rials ($68.6 million), an official with Iran Road Maintenance and Transportation Organization declared.
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Publish Date: 27/September/2020 | 11:40

Iran: Dollar Rally Pauses

EghtesadOnline: Building on the past week gains, the US dollar temporarily moved above 290,000 rials at the start of the trading week in Tehran on Saturday but failed to advance further after intervention by the Central Bank of Iran.
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Publish Date: 27/September/2020 | 11:37

Russia Opposes US Policy on Iran

EghtesadOnline: Russia’s foreign minister said Moscow roundly rejects an ongoing effort by Washington to permanently extend a UN arms embargo on Tehran, which is to expire next month.
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Publish Date: 26/September/2020 | 13:52

Petrochemical Industry Reports $15b Revenue

EghtesadOnline: Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National Petrochemical Company said.
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Publish Date: 26/September/2020 | 13:47

Upsurge in Industrial Investments

EghtesadOnline: A total of 1.76 quadrillion rials ($6.26 billion) worth of investments are expected in industrial units, for which establishment permits were issued during the first five months of the current Iranian year (March 20-Aug. 21), showing an increase of 31.5% compared with the similar period of last year.
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Publish Date: 26/September/2020 | 13:45

Reservations About NDFI Loan Mechanism

EghtesadOnline: The central bank will resist attempts to pay the rial equivalent of loans taken from the National Development Fund of Iran in bid to avoid overburdening the bank’s balance sheet by printing money.
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Publish Date: 26/September/2020 | 13:35

38% Decrease in H1 Tehran Home Construction Permits

EghtesadOnline: The first half of the current Iranian year (March 20-Sept. 21) registered a 38% decline in the number of permits issued to home builders, says the head of Construction Engineering Organization of Tehran Province.
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Publish Date: 26/September/2020 | 13:27

Energy Coop Talks in Kabul

EghtesadOnline: A deputy energy minister has expressed the hope that Iran and Afghanistan would expand cooperation in all areas of trade, transit, and electricity.
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Publish Date: 25/September/2020 | 20:19

Apparel Exported to 29 Countries

EghtesadOnline: A total of 4,527 tons of apparel worth $35.19 million were exported from Iran to 29 countries during the first five months of the current Iranian year (March 20-Aug. 21), according to the spokesperson of the Islamic Republic of Iran Customs Administration.
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Publish Date: 25/September/2020 | 20:13

Over $90m Worth of Spices Exported in Five Months

EghtesadOnline: A total of 17,810 tons of different types of spices worth $94.56 million were exported from Iran to 43 countries during the first five months of the current Iranian year (March 20-Aug. 21), according to the spokesperson of the Islamic Republic of Iran Customs Administration.
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Publish Date: 25/September/2020 | 19:47

Transactions With EU Hit $2.6b

EghtesadOnline: Transactions between Iran and EU member states during January-July 2020 stood at €2.65 billion to register a 9.07% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show.
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Publish Date: 25/September/2020 | 19:40

Surge in Subway Use Raises Alarm Amid Covid Third Wave

EghtesadOnline: Amid the third wave of Covid-19 infections in Iran, the number of subway passengers has recently risen by 10% and made the bad situation worse, Tehran Metro’s CEO said.
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Publish Date: 25/September/2020 | 19:38

Groundwater Extraction a Serious Cause for Concern

EghtesadOnline: On average 50 billion cubic meters of water is extracted from almost 500,000 authorized wells per year, resulting in huge water deficits in most plains, director of the National Water and Wastewater Engineering Company of Iran (Abfa).
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Publish Date: 23/September/2020 | 20:28

Kabul Hosting 2 Iranian Expos

EghtesadOnline: Iran and Afghanistan are running the first edition of Urban Services, Transportation, Traffic and Related Machinery Exhibition in Kabul.
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Publish Date: 23/September/2020 | 20:02