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First Iranian English Economic Daily financialtribune.com twitter.com/fintribune Contacts, ads: @FTD_ADS_Bot Print subscription: +982142710123 Digital subscription: financialtribune.com/subscription-plans
No Tampering With Nostalgic Naderi Cafe
Plans to change the outdoor area of Naderi Café and Hotel, Tehran's only nationally inscribed cafe, were scuttled, thanks to the timely action of Iran's Cultural Heritage, Handicrafts and Tourism Organization and municipal officials.
Late last week, unofficial reports said the owners of the property intend to divide the cafe's garden by building a wall.
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Iran Budget Bill in Parliament on Sunday
President Hassan Rouhani is scheduled to submit the budget bill for the upcoming fiscal year (March 2018-19) to the parliament on Sunday after the Cabinet approved it on Wednesday, the government spokesman and president of Planning and Budget Organization said.
“One of the features of next year’s budget is the performance-based allocation of budget to each governmental body and not the traditional method of distributing the money according to the treasury inflows,” Mohammad Baqer Nobakht was also quoted as saying.
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Hungary’s economic presence in Iran is expanding goo.gl/WG8py2
Ikarus Signs Deal to Export 1,000 Buses to Iran goo.gl/kKEKn
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Transporting oversized loads in Iran - #abnormalload #oversizeload
Efforts behind the scene 💪🏼
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Madrid to Guarantee Spanish Investments in Iran
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Iran's South Pars Gas Field Ph.14 Coming to Production
"The first gas flare of Phase 14 is now burning"
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Tehran Traffic or Warzone?
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Hungary Intends to Up Iranian Crude Imports goo.gl/KUq2SC
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#Iran, Asian Consortium Sign Solar Joint Venture
bit.ly/2BxGdiz
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Mushrooms Finding Way Into Iranian Food Basket
Report
The consumption of mushroom in Iran has been growing in the last five decades. Currently, 700 hectares of land are under mushroom cultivation across the country.
Malard Mushroom Factory, established in the fiscal 1985-86, is the biggest mushroom cultivation spot in Asia, ILNA reported.
Hossein Riahi, the owner, said currently the factory has over 100 cultivation shelters while the number was only 13 when the factory became operational.
According to Riahi, the factory exports over 20 tons of mushrooms to Iraq, Kuwait, Qatar and Turkmenistan on a monthly basis. Read More
Rouhani Inaugurates Port Dubbed "International Gateway"
On Sunday, President Hassan Rouhani inaugurated the first phase of Chabahar’s Shahid Beheshti Port in the southeastern province of Sistan-Baluchestan, in the presence of some 70 visiting dignitaries from 17 countries.
In the president's words, the inauguration of the first phase of Shahid Beheshti Port marks a historic day for Iran, particularly for the people of Chabahar.
"Chabahar will turn into the biggest port of the country in the future and would be of considerable significance both politically and economically. The project is specifically important, as it connects the trade corridors passing through Iran to the ocean,” he said. financialtribune.com/articles/domestic-economy/77292
Volvo FH16 to Enter Iran Market
goo.gl/TTFP5Z
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Iran H1 Industrial Job Creation Up 16%
According to the Ministry of Industries, Mining and Trade, 44,719 jobs were created in 27 industrial fields in Iran during the first half of the current fiscal year (March 21-Sept. 22), registering a 16% rise compared with the corresponding period of last year.
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4 Bank Property Auctions
Six Iranian banks are planning to rid themselves of their excess properties by staging four auctions from Dec. 22 to Jan. 5, 2018, the head of the Company for Selling Banks’ Excess Assets, aka Fam, announced. Read More
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The Eighth Iranian Steel Market Conference is only a few months away and Iranian government officials and industry players convened on Saturday to review ISMC 2018’s agenda and general outlook.
Scheduled to be held in the Iranian capital on Jan. 30-31, the event is hosted by Donya-e-Eqtesad Taban Company, the parent company of Financial Tribune. Read More
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MRC: No Currency Shock Till March
The research arm of the Iranian Parliament has published a report on the status of the country’s foreign exchange market in the coming months, predicting a mostly stable environment by the end of current fiscal year (March 20, 2018).
Majlis Research Center confirms that the current rates of foreign currencies in Iran’s market are not so different from their real rates when accounting for trade volume, capital flow and difference between domestic and foreign inflation, among other things.
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Bulgarian Company Plans Solar Investment in Iran
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UK Foreign Secretary Boris Johnson will travel to Tehran on Saturday
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Banks Shed $3.5b in Excess Assets
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India to Export Container Cargo to Russia Via Iran
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Privatization of Insurance Companies is a Must
Report
Iran's biggest annual insurance event played host to two ministers on Monday, one of whom vowed that he will be a catalyst rather than an impediment to insurance privatization for the country to faster achieve its vast potential in the industry.
"The privatization of insurance companies is a must and as I am personally of the belief that the three insurance companies owned by the government Asia, Alborz and Dana must be divested, I will vigorously follow up that process," Minister of Economic Affairs and Finance Masoud Karbasian told the 24th National Conference on Insurance and Development held in Tehran on Monday. Read More
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Tehran Lauds Its Best Exporters
Report: goo.gl/1Rp7xX
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BRICS Accounts for One-Third of Iran’s Non-Oil Trade
Trade between Iran and BRICS member countries amounted to $18.26 billion during the eight months to Nov. 22, which comprises one-third of Iran’s non-oil trade during the period.
The latest data released by the Islamic Republic of Iran Customs Administration indicate an 8.12% growth in trade between Iran and BRICS member states compared with last year's corresponding period.
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Gold Coin Auctions to Continue
goo.gl/GX5S31
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Currency Market Heats Up
Report
The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.
On Sunday, the rial was quoted at 41,550 to the dollar, inquiries by Financial Tribune showed, although higher rates were also reported by the local media later in the day.
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European account for around 40% of #Iran oil exports
bit.ly/2ifry3P
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Chabahar, Iran’s Sole Oceanic Port Opens
goo.gl/zE1zmK
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Iranian Ports Throughput Tops 98m Tons
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Italy Bolsters Iran Ties, Despite US Displeasure
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French Firms to Modernize Iranian Petrochem Plant
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