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‘17 foreign countries eager for investment in Chabahar Port’

“According to Behrouz Aghaie so far 130 foreign company representative delegations have visited Chabahar, of which 17 have expressed willingness for investment in the port” reports tehrantimes.com. TEHRAN – The Director General of Ports and Maritime Department of Sistan-Baluchestan Province said 17 countries have expressed willingness for contribution to development of Chabahar Port in southeastern Iran, Tasnim news agency reported.After years of negotiation, Iran has awarded the development project of this port to India, and the South Asian country committed $500 million to build two new berths in this port.Shahid…

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IRGC chief: It is wrong to think Iranians will surrender under increasing economic pressure

“Salami said the enemy is wrong to think it can coerce Iranians to surrender by increasing economic pressure” reports tehrantimes.com. Tehran has described the U.S. sanctions as “economic war” and “economic terrorism”.In the second step, which started in July 7, Iran started enriching nuclear fuel to more than 3.67 percent.However, new warfare of the United States and what Trump has called the ‘economic war’ have targeted the ordinary people’s livelihood and health,” the chief diplomat lamented.And in the fourth step on November 6, Iran started to inject uranium gas into…

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Austria seeks to preserve nuclear deal: diplomat

“Josep Borrell, the new EU foreign policy chief, said on Monday that the signatories to the nuclear deal should adopt a united stance to preserve the deal” reports tehrantimes.com. In the first stage, Iran announced that it will not limit its stockpile of the nuclear fuel to 300 kilograms allowed under the deal.Under the JCPOA, Iran promised to put limits on its nuclear activities in exchange for termination of economic and financial sanctions.On May 8, exactly one year after the U.S. abandoned the deal, Tehran announced that its “strategic patience”…

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Wife of jailed Iranian-British man calls for UK envoy for hostages

“The UK, and many other states, do not recognise state hostage-taking but the US special envoy attempts to get round this by having a mandate that includes illegal and arbitrary detentions” writes Patrick Wintour for theguardian.com. The UK government needs to raise the profile of British-Iranian dual nationals held in Tehran’s jails by following the US example and appointing a special envoy for hostages, the wife of one of those held by Iran has said. There are proposals to give the envoy powers to impose sanctions on those involved in…

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Iran exports $27b of non-oil products in 8 months

“Increasing non-oil exports to the neighboring countries is one of the major plans that Iranian government is pursuing in the current Iranian calendar year (began on March 21)” reports tehrantimes.com. As previously announced by IRICA, the value of Iran’s non-oil exports stood at $44.3 billion in the previous Iranian year, while $42.6 billion worth of commodities were shipped into the country.The IRICA’s data put the weight of the country’s non-oil exports at 88 million tons during the mentioned time span, which indicates a 16-percent rise from the figure of the…

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GBP News 

Former British official urges intl. community to keep nuclear deal

“Under the JCPOA, Iran promised to put limits on its nuclear activities in exchange for termination of economic and financial sanctions” reports tehrantimes.com. TEHRAN – Tobias Ellwood, the former British defense minister, has urged the international community to make more efforts to preserve the 2015 nuclear deal, officially known as the Joint Comprehensive Plan of Action.In the first stage, Iran announced that it will not limit its stockpile of the nuclear fuel to 300 kilograms allowed under the deal.U.S. President Donald Trump quit the nuclear deal in May 2018 and…

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FDI in Iran rises 20% in 7 months on year

“He further mentioned reforming the banking system as one of his major programs since taking his post as the minister” reports tehrantimes.com. Last week the official announced that over 170 trillion rials (about $4.04 billion) worth of Iranian banks’ excess properties have been put for sale as part of a plan to reform the country’s banking sector. Source: tehrantimes.com

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News Oil 

Rationing ables Iran to export 300ml of gasoline per day

“Stressing the fact that exports of oil products to the neighbors like Iraq continues despite the unrests, Hamid Hosseini noted that exporting the mentioned amounts of gasoline could bring the country up to $4 billion of revenue” reports tehrantimes.com. Back in November, deputy finance and economic affairs minister said the fuel rationing plan would make the country able to export 3.65 billion liters of gasoline every year and earn about 14 trillion rials (about $3.3 billion) from the exports. “On average, 100 million liters of gasoline is produced in the…

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