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Iran unable to access about 44% of its crude oil income

According to The Associated Press, the newly imposed sanctions on Iran have made it difficult for Iran to access billions of dollars in vital oil revenues, as the revenues are accumulated in accounts overseas, where Iran’s access is restricted as

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Iran’s foreign trade sees tremendous growth despite tight sanctions

Iran’s Trade Development Organization has set its foreign trade target at USD 59bn for the current Iranian Calendar year (ending March 2014). Deputy Head of Iran’s Trade Promotion Organization (TPO) Kiomars Fathullah Kermanshahi announced last week that the value of

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Iran's foreign trade sees tremendous growth despite tight sanctions

Iran’s Trade Development Organization has set its foreign trade target at USD 59bn for the current Iranian Calendar year (ending March 2014). Deputy Head of Iran’s Trade Promotion Organization (TPO) Kiomars Fathullah Kermanshahi announced last week that the value of

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Iran to export oil to North Korea

Iran is considering signing an oil deal with North Korea on the export of oil in an attempt to revive its economy shattered by the tough sanctions from the West A delegation from North Korea’s oil ministry is currently visiting

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Iran’s non-oil exports stand at USD 30bn in 11 months

Iran exported 61.63 million tons of non-oil products worth USD 30bn during the last eleven months of the current Iranian year (March 20, 2012-February 19, 2013). The imported commodities, on the other hand, were 35.87mn tons, indicating a 7% growth

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Iran agrees to allow Afghan truckers entry

At a meeting on transit trade, Iran agreed to simplify visa regime and allow Afghan trucks entry into the neighboring country. This comes as the two nations are strengthening their economic ties, indicating that the international sanctions have no impact

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Iran Rial has lost 1/3 of its value

Protesters took it to the streets, expressing their angers at the plunging of the Rial currency. Foreign exchange dealers, some with license and some without, were lined up on the two sides of the roads. Iranian riot police officers clashed

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Life in Iran–on-nuclear families

IT WAS the first time in 15 months that Iranian envoys had met the five permanent members of the UN Security Council plus Germany. Their talks in Istanbul on April 14th were cordial, though the sole agreement was to carry

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