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Today Iran's rial exchange rate reached record highs, hitting 200,000 tomans per USD (2,000,000 rials). GBP and EUR also broke 272,000 and 234,000 tomans per unit, respectively.

2026-08-23

Today Iran's rial exchange rate reached record highs, hitting 200,000 tomans per USD (2,000,000 rials). GBP and EUR also broke 272,000 and 234,000 tomans per unit, respectively.

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2026-08-23

TASNIM NEWS: Iran’s national police economic security chief said authorities uncovered illegal fuel-tapping operations on main transmission pipelines in Isfahan, Kerman and east of Tehran. In Isfahan police arrested three suspects at a brick factory

TASNIM NEWS: Iran’s national police economic security chief said authorities uncovered illegal fuel-tapping operations on main transmission pipelines in Isfahan, Kerman and east of Tehran. In Isfahan police arrested three suspects at a brick factory near a pipeline, seized two vehicles and said the suspects admitted stealing and smuggling 2.24 mln liters of fuel. In Kerman authorities detained 10 suspects, seized two tanker trucks and said they admitted diverting about 1.7 mln liters. East of Tehran, suspects rented an abandoned site along a pipeline, dug a channel to the main line; two suspects initially escaped but were later captured in Semnan and have admitted stealing about 20,000 liters.
2026-08-23

Financial Secretary Paul Chan said the AI boom is adding momentum to Hong Kong’s economy and consumption. Strong global demand for AI-related products has driven Hong Kong exports to high double-digit growth for several consecutive quarters. From Dec

Financial Secretary Paul Chan said the AI boom is adding momentum to Hong Kong’s economy and consumption. Strong global demand for AI-related products has driven Hong Kong exports to high double-digit growth for several consecutive quarters. From Dec last year to May this year, IPO proceeds from Hong Kong AI-related issuers were near HKD 100 bln, about 55% of the period’s total. Hang Seng Indexes Company has recently added multiple AI-related firms to its indices. A study estimates that if Hong Kong SMEs reach large firms’ AI adoption levels by 2035, it could free up as much as HKD 65 bln in economic benefits. The government has also moved to embed AI internally: an AI effectiveness group has initiated a first tranche of 30 efficiency projects across 13 departments.
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