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  • EghtesadOnline: The following headlines appeared in local English language newspapers on Wednesday:

  • EghtesadOnline: As per the budget bill of the coming fiscal year (March 2018-19), the government will allocate 180 trillion rials ($4.28 billion) out of the Subsidy Reform Plan’s resources for production sector and creation of 634,000 jobs, deputy minister of industries Reza Rahmani said.

  • EghtesadOnline: Iranian and South Korean private companies signed 22 memorandums of understanding late on Sunday at Tehran’s Milad Tower for the South Korean side to transfer technology to Iran in the fields of thermal insulation, solar panels, alternative energy, lithium batteries and electric engines.

  • EghtesadOnline: Some 160 trillion rials ($3.79 billion) worth of tax are collected from Tehran Province annually, of which the city of Tehran’s share stands at 20 trillion rials ($474 million) in the current fiscal year (started March 21), the economic deputy of Tehran mayor said.

  • EghtesadOnline: Executives from aircraft manufacturers Airbus and Boeing are due to arrive in Tehran next week to negotiate and decide on the financing of Iran’s newly-purchased passenger airplanes.

  • EghtesadOnline: The 25th International Exhibition of Chandeliers and Decorative Lights will be held in Tehran’s International Permanent Fairground from December 24 to 27.

  • EghtesadOnline: An Iranian delegation attended the 11th World Trade Organization meeting this week in Buenos Aires, Argentina, as observer member.

  • EghtesadOnline: China is financing billions of dollars’ worth of Chinese-led projects in Iran, making deep inroads into the economy while European competitors struggle to find banks willing to fund their ambitions.

  • EghtesadOnline: The Fifth International Exhibition of Nuts, Dried Fruits and Related Industries is scheduled to open early next year, gathering tens of production, processing and exporting companies in the field.

  • EghtesadOnline: About 93% of Iran’s exports and 83% of its imports are conducted via sea, the Army’s deputy for coordination said.