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Iran reports lowest unemployment rate in 25 years at 8.9% Irans statistics agency says jobless rate dropped 0.5% in the quarter to December to 8.9%.
Irans unemployment rate has dropped to its lowest point in the past 25 years mainly because the countrys economically active population has shrunk because of the spread of the coronavirus pandemic, according... |
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South Korean team in Vienna for talks on debt to Iran A South Korean national flag flies outside the central banks headquarters in Seoul, South Korea in this file photo.
South Korea says it has sent a delegation to Vienna to hold talks with Iran and other countries over how to resolve the issue of frozen Iranian assets held in the Asian country.
Iran... |
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Iran imposes fresh cap on foreign cash for outbound passengers Irans central bank further limits the amount of cash allowed to be sold to outbound passengers.
The Central Bank of Iran (CBI) has imposed a fresh limit on the amount of foreign currency cash allowed to be sold to outbound passengers amid efforts by the government to prevent any misuse of the countrys... |
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Tesla slammed for supporting genocide © Getty Images / VCG
Elon Musks electric car maker is in hot water for opening a showroom in a Chinese region allegedly plagued by human rights abuses
The announcement by electric car maker Tesla that it has opened a showroom in Chinas Xinjiang has been met with ire from US rights and trade... |
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Apple sets new global record © Getty Images / Getty Images
US tech giant becomes first company in the world to reach $3 trillion in market capitalization
The new year started with a fresh highwater mark for Apple, which became the first company to hit a market value of $3 trillion as investors poured new money into stocks... |
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Bitcoin predicted to hit $100k © Getty Images / Busakorn Pongparnit
El Salvadors head of state predicts Bitcoin will have a blast in 2022, from official adoption to hitting the elusive 6-digit price
El Salvadors president, Nayib Bukele, predicts Bitcoin will double in price this year and reach $100,000 per coin amid official... |
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Disney & Boeing among worst stocks of 2021 © Getty Images / samxmeg
Cartoon giant, wireless network operator, and plane-maker stocks showed worst performances on US markets
Walt Disney, Verizon, and Boeing, as well as California-based biopharmaceutical firm Amgen and tech conglomerate Honeywell, were the worst stocks of 2021, according... |
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Turkish lira just had its worst year in 2 decades © Getty Images / Bloomberg Creative
Turkeys national currency lost nearly half of its value against the US greenback in 2021
The Turkish lira ended 2021 by losing 44% of its value against the US dollar - 19% in the last week of the year alone.
This was the liras worst performance since President... |
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Countries accelerate shift away from US dollar © Getty Images
Emerging markets are leading the gold-buying spree
The holdings of gold in the foreign exchange reserves of the central banks have been growing worldwide, hitting a 31-year high this year. At the same time, US dollar holdings have been dropping.
According to the World Gold Council,... |
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Irans SCI reports 4.2% economic growth for July-September quarter Irans statistics agency says GDP rose by 4.2% in the quarter to late September.
The Statistical Center of Iran (SCI) has updated its quarterly figures on major economic indicators in the country saying the Iranian economy grew by 4.2% in the quarter to September 22.
SCI figures covered in a Saturday... |
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EU proposes green label for nuclear & gas © Getty Images / zhongguo
European Commission paves way for investments amid widespread energy crisis in the region
Brussels has drawn up plans to label some natural gas and nuclear energy projects as ‘green investments as part of a landmark EU classification scheme to help financial... |
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Oil records biggest annual gains in 12 years © Getty Images / chain45154
The growth was spurred by the post-Covid recovery of the global economy
Oil posted its biggest annual rise since 2009 as the rapid Covid-19 vaccine rollout across the world stimulated the reopening of economies, boosting consumption, while oil output remains limited... |
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Looking Back: The Afghan Economic Situation in 2021 In 2021, aid from the international community to Afghanistan halted and assets held in foreign banks were frozen, leaving the countrys economy on the brink of collapse.
The countrys largest national program, CCNPP, which was aimed at reducing poverty and helping rural areas to develop, was suspended.
In... |
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UK faces food supply cuts as new customs rules come into effect The UK could face food supply shortages as new, post-Brexit custom rules are set to take effect on January 1. (File photo)
The United Kingdom could face food supply shortages as new post-Brexit customs rules for goods arriving in Britain from the European Union have come into effect.
According to... |
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Erdogan urges Turkish people to save in lira A Turkish lira banknote is seen placed on US Dollar banknotes in this illustration taken on November 28, 2021. (By Reuters)
Turkeys President Recep Tayyip Erdogan has urged Turks to keep all their savings in lira, as the countrys domestic currency has lost over 40% of its value this year.
"I want... |
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US goods trade gap hits record; pending home sales slip A Maersk Line container ship prepares to depart port in Long Beach, California, U.S. July 16, 2018.
The US trade deficit in goods mushroomed to the widest ever in November as imports of consumer goods shot to a record ahead of the second straight COVID-distorted holiday shopping season along with... |
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UK steel industry braces for slump in trade as US reduces tariffs on EU An employee cuts a sample from a roll of coiled steel at Liberty House Groups mill in Newport, south Wales. (Getty Images)
The UK steel industry is bracing for an immediate slump in trade as government talks between London and Washington aimed at removing Trump-era tariffs on British steel and aluminum... |
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US home prices surge 18.4% in October An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in Miramar, Florida. (Getty Images)
US home prices soared again seeing double-digit growth in October, according to the S&P CoreLogic Case-Shiller National 20-city home price index.
The index surged 18.4 percent in... |
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Uzbekistan temporarily decreases electricity supply to Afghanistan Da Afghanistan Breshna Sherkat (DABS) said Wednesday that due to technical problems in Uzbekistan, electricity imports from the neighboring country to Afghanistan has dropped by 50 percent.
As a result, 15 provinces, including Kabul, will face power outages by the end of Wednesday, the department... |
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Irans non-oil exports up by 40% in March-December: IRICA Irans customs office figures show exports from the country rose by 40% in 9 months to late December.
Figures by the Iranian customs office (IRICA) show that non-oil exports from the country rose by 40% year on year in the nine months to December 21.
IRICAs newly appointed chief Alireza Moghaddasi... |
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Iran companies to produce helium at South Pars for first time A general view of installations in Assaluyeh in southwest Iran where gas from the South Pars field is processed.
Iranian technology companies will soon begin the countrys first ever project to produce helium at South Pars, the worlds largest gas field, a senior official says.
Among its uses, helium... |
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Ministry of Finance says draft budget for next five years has been drawn up The Ministry of Finance (MoF) said the draft budget for the next five fiscal years has been prepared and will be submitted to the Council of Ministers for approval within the next week.
Ahmad Wali Haqmal, a spokesman for the ministry, said the entire budget is dependent on domestic revenue income... |
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7,000 CCNPP projects still incomplete across Afghanistan: MoF Ministry of Finance of the Islamic Emirate of Afghanistan on Monday, December 27 said that up to seven thousand Citizens Charter National Priority Program (CCNPP) projects have remained unfinished across the country.
Spokesperson of the ministry Ahmad Wali Haqmal said that the working process of... |
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Iran raises electricity prices for heavy consumers Irans energy minister says biggest users will pay 14,000 RLS ($0.046) per kwh of electricity.
Iran has decided to increase the price of electricity for top-band users as the country struggles to contain a growing demand for power which has been exacerbated by cryptomining activity in recent years.
Irans... |
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Tiny territory strives to be worlds crypto capital © Pixabay.com
Gibraltar is looking to integrate its stock exchange with cryptocurrencies trade
The British overseas territory of Gibraltar could soon host the worlds first integrated bourse, where conventional bonds can be traded alongside major cryptocurrencies such as Bitcoin and Dogecoin.
According... |
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Major economy sees renewed calls for crypto ban © Pexels / Worldspectrum
Buying, selling, investing, and any other dealings in cryptocurrencies should be forbidden in India, according to Swadeshi Jagran Manch (SJM), an affiliate of the nationalist organization Rashtriya Swayamsevak Sangh.
The SJM, which deals with economic issues, passed... |
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British Parliament repairs could run to 14bn FILE PHOTO. © AFP / Niklas HALLEN
Repairs to the Palace of Westminster could last for two decades and cost £14 billion, exceeding initial estimates more than three times, the British media has learned.
UK MPs and peers would do well to find a new home that would suit them for the long... |
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Afghanistan Tajikistan inked power agreement Afghanistans electricity body (Da Afghanistan Breshna Sherkat) on their official Facebook page announced that they signed an agreement of power with Tajikistan for 2022.
The statement by DABS read that the agreement on importing electricity was signed after two-day negotiations with the Tajik officials.
Afghanistans... |
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High Taxes on Mining in Afghanistan Deter Investors The high rate of taxes on mine extraction has affected the mining process in Afghanistan, the investors said on Sunday, adding that they are not willing to invest in mines.
The chamber of industry and mines criticized the decision of the Ministry of Mines and Petroleum, which boosted the taxes on... |
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Global oil & gas discoveries to hit 75-year low in 2021 © Getty Images / Mario Tama
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows.
As of the end of November, total global discovered volumes this... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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