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EghtesadOnline: The era of high demand for oil and petroleum products will not be as before, most experts and analysts say. Nonetheless, Iran still has the opportunity to restore its lost market share if it carefully avoids conflict with neighbors, especially Saudi Arabia, the head of the Energy Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: Domestic red meat consumption has plunged since the outbreak of the coronavirus pandemic wreaking havoc on livestock breeders and nomadic livelihood.
EghtesadOnline: The average goods and services Consumer Price Index in the 2020-21 fiscal year, increased by 36.4% compared to the corresponding period the year before, the Statistical Center of Iran reported. It put last fiscal’s urban and rural annual inflation at 36.2% and 37.7%, respectively.
EghtesadOnline: Tehran Guilds’ Chamber will not comply with lockdown rules while banks, tax offices and municipalities remain open, Fars News Agency quoted Qasem Noudeh-Farahani, the head of the chamber as saying.
EghtesadOnline: Thirty commodities accounted for one-third of the value of Iran’s total imports in the last fiscal year that ended in March.
EghtesadOnline: Twelve shipments of Covid-19 vaccines containing over 3.19 million doses were imported from Russia, China, India and South Korea from Feb. 3 to May 2, Fars News Agency quoted Mehrdad Jamal Orounaqi, an official with the Islamic Republic of Iran Customs Administration as saying.
EghtesadOnline: The Economy Ministry's Financial Intelligence Unit has invited innovators and knowledge-based companies active in anti-money laundering compliance services to help the office develop smart platforms.
EghtesadOnline: The Supreme Council of Economic Coordination gave the go-ahead to the government to implement a package of 10 measures to help bolster the depressed stock market.
EghtesadOnline: The possibility of removing banking sanctions and unfreezing billions in forex assets in foreign banks are the main reason behind the sharp decline in currency prices in recent days.