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Iran Business and Economic News in Fourth Week of the June Comp. Star Marine Services

Original Source: www.NewsNow.co.uk

Iran’s Economic Slowdown Explained

The recession predicted for the last fiscal year (March 2018-19) turned out to be deeper than expected and proved to be worse than what can be blamed on causes of economic contraction. Please visit the following link for more information:

https://financialtribune.com/articles/domestic-economy/98574/iran-s-economic-slowdown-explained

34% Decline in Iran’s Non-Oil Trade With UAE

Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show. Please visit the following link for more information:

https://financialtribune.com/articles/domestic-economy/98571/34-decline-in-irans-non-oil-trade-with-uae

FATF Extends Suspension of Counter-Measures

The Financial Action Task Force, the global anti-money laundering watchdog, decided on Friday to continue the suspension of counter-measures against Iran until October. Please visit the following link for more information:

https://financialtribune.com/articles/business-and-markets/98578/fatf-extends-suspension-of-counter-measures

Read more Newsletter 4TH week of JUNE