“The latest findings might add much more to the history of #Shiraz,”
goo.gl/Z65Ym3
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USD 💵Hits Eight-Month High
The US dollar gained against the rial on Thursday to reach its highest value in Tehran’s foreign exchange market in eight months.
According to Tehran Gold and Jewelry Union’s website, the rial was quoted at 39,480 to the dollar in the open forex market on Thursday’s close, marking an increase of 110 rials compared to Wednesday. This is while USD’s official rate also went up by 60 rials to reach 34,002 rials.
Euro,💶 another high demand currency in Tehran’s market, gained 330 rials in two days. The rial was quoted at 47,150 to the euro on Thursday. The official rate of the European currency also gained 50 rials on Thursday and stood at 39,980 rials.
Iran Steel Industry Hamstrung by Graphite Electrode Shortage
S ometimes all it takes to retard a well-oiled machine is one loose cog. And for the Iranian steel industry, the increasingly limited supply of graphite electrode is the inconspicuous gear capable of impeding its growth.
“Unreasonable graphite electrode price hikes due to limited supply are one of the main challenges facing the steel industry today,” says Hossein Ahmadi, managing director of Khorasan Steel Company. Read More
Money and Credit Council–a top monetary decision-making body–has approved a directive that requires banks to implement compliance risk standards
goo.gl/dW2bZQ
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Iran capital market outperformed all its rival markets in terms of return on investment in H1 goo.gl/YJ89fb
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A 2017 report by World Travel and Tourism Council shows promising improvements in Iran's tourism industr goo.gl/3SG16X
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Iran’s non-oil foreign trade during the first half of the current Iranian year (started March 21) stood at $44.13 billion, indicating a 6% rise YoY goo.gl/1M9bpr
Читать полностью…Iranian Households’ Net Expenditure Grows for 1st Time in 5 Years goo.gl/sJuPV4
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Iran Air is to launch a new subsidiary airline to neighboring countries under the title #IranAirRegional goo.gl/4dmxng
Читать полностью…Mobarakeh Steel Co. Sales Value Up 43%
Iran’s largest flat steel producer Mobarakeh Steel Company ended the first half of the current year (March 21-Sept. 22) with notable growth in sales value and modest upticks in production and sales volume. Read More
Crude oil production from the giant South Azadegan field near the Iraqi border has increased by 22,000 bpd goo.gl/iZvMkz
Читать полностью…EU Sets Anti-Dumping Duties on Iranian Hot-Rolled Coil
The European Union has decided to set fixed duties for hot-rolled coil imported from Iran, as well as HRC from Brazil, Russia and Ukraine, after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices. Read More
Denmark's Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field bit.ly/SP-Oil-1
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Sina Bank Set to Open Munich Branch
Since complying with international standards and building strong infrastructures are prerequisites for opening a branch in another country, Sina Bank has managed to complete the first phase of its agreement with KPMG, one of the world’s leading companies providing financial advisory services, Sina Bank’s CEO announced.
Mohammad Reza Pishro added that the agreement is aimed at implementing global banking standards for opening a branch in Munich, Germany. Read More
Iran has recently started shipping petrochemical and polymer products to South American markets goo.gl/CpwAcz
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#Interview Iran Air Says Boeing Deal Safe From US JCPOA Pullout goo.gl/CgMiQW
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Iranian Households' Expenditure Grows for 1st Time in 5 Years;
A Signal of Transition From Recession to Demand Recovery
goo.gl/MP6p8i
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Europe to Keep Doing Business With Iran If US Leaves Nuclear Deal goo.gl/jJSxxU
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