An informed source told Mehr News Agency on Monday that foreign media reports on Iranian...
An informed source told Mehr News Agency on Monday that foreign media reports on Iranian...
President Hassan Rouhani told his French counterpart, Emmanuel Macron, in a telephone conversation on Sunday that Tehran has a variety of plans in mind in response to the possible US President Donald Trump's decision to pull out of the 2015 Iran nuclear deal.
In the phone call that lasted more than an hour, Rouhani reminded Macron of Washington's constant moves to undermine the deal, saying that "Iran has currently made critical decisions regarding banking ties, foreign exchange and other economy-related issues, with various plans devised in the face of any possible May 12 outcome," his official website reported.
This comes as the May 12 deadline looms for Trump to decide on whether to restore US economic sanctions on Tehran–something which could destroy the agreement which lifted some sanctions in exchange for curbs on Iran's nuclear program.
The president reiterated the significance of the accord to "building trust" among nations involved, "maintaining regional security" and "expanding international cooperation."
Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Monday that support for domestic products and industries is an effective way to win the economic war waged by Iran's enemies.
"Support for Iranian products is one of the best and most effective methods to foil the enemies' economic plots," he said in a meeting with thousands of workers, employers and entrepreneurs in Tehran ahead of Labor Day, which is commemorated on Tuesday.
The Leader has called the new Iranian year, which began on March 21, the year of "Support for Iranian Products" to help make the economy more self-reliant and immune to foreign pressures.
Ayatollah Khamenei told the gathering that hostile powers have concentrated their efforts on economic and cultural warfare because they have realized that they will suffer if they engage in a military confrontation with Iran, his official website reported.
"The era of hit-and-run [attacks] is over, and they know that if they get involved in a military conflict with Iran, they will be hit multiple times."
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Russian and French presidents Vladimir Putin and Emmanuel Macron in a phone conversation called...
Iran described as "unfounded" accusations by new US Secretary of State Mike Pompeo over Tehran's "ambition to dominate the Middle East".
"The US secretary of state's remarks on the presence and role of the Islamic Republic of Iran in certain countries in the region are a repetition of absurd and unfounded accusations," Foreign Ministry Spokesperson Bahram Qasemi said in a statement on Monday.
He said "Iran's presence in Syria and Iraq is in response to requests from the two countries' governments and is part of the fight against terrorism in the region", ISNA reported.
"This assistance will continue as long as [these] governments need help in this fight," he said.
The function of city councils has been more symbolic than of practical significance, says the head of Tehran City Council, who believes that city management bodies should be downsized to streamline the system.
"The status of the council is more symbolic than I imagined. I expected that I would be able to address the city's problems with greater speed and energy, but, unfortunately, there are certain cultural and organizational issues that cause a huge amount of a person's energy, time and motivation to go to waste," Mohsen Hashemi said in an interview with ISNA published on Sunday, which is celebrated as National Councils Day.
"For instance, despite extensive follow-ups to launch a project to build up the subway network during the current term, there has been no leap in the activities of the company concerned, and the necessary funds and support have not been provided for the project, which is the city's main priority," he explained.
The most recent city and village councils elections took place simultaneously with the presidential election in May 2017. Hashemi said the main challenges facing the council are related to its interaction with key organizations involved in the city's management, economic woes and foreign currency issues, which have made it difficult to supply the equipment required to enhance the subway experience for citizens.
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Russia is ready to provide as much natural gas to Europe as it possibly needs.
Berlin can help Tehran expand its power and energy ties with neighboring and regional states.
Farhad Yazdandoust, an Energy Ministry advisor for international affairs, made the statement in a meeting with a delegation from Germany's Federal Ministry of the Environment, Nature Conservation and Nuclear Safety in Tehran on Monday.
According to the official, the two sides have had long-term cooperation in power projects and Iran is seeking to collaborate with a reliable foreign partner to extend its foothold in foreign markets.
"The Energy Ministry is willing to launch joint ventures with Germany in water and power sectors, including renewables, wastewater treatment and climate change issues," Yazdandoust said, adding that joining hands with German firms can help the ministry have a stronger presence in regional and international markets.
Kaveh Methanol Complex in the Persian Gulf port city of Bandar Dayyer, Bushehr Province, has started methanol production, the National Petrochemical Company’s director for projects said on Sunday.
“The complex has completed trial production, with its output reaching 2,000 tons,” Ali Mohammad Bosaqzadeh, who accompanied NPC’s Managing Director Reza Norouz-Zadeh in a visit to Kaveh plant, was quoted as saying by the NPC’s news agency NIPNA.
Referring to the plant’s daily methanol output capacity of 7,000 tons, or 3.2 million tons per annum, once it is fully operational, Bosaqzadeh noted that Kaveh Methanol Complex is the largest of its kind in Iran and one of the biggest in the world.
He added that the pure oxygen production unit of the complex, one of methanol’s needed feedstock, is due to start production in a few days.
The head of National Iranian Gas Exports Company said US President Donald Trump's hawkish remarks on not renewing sanctions' relief against the country are unlikely to shackle Iran-Oman gas cooperation.
Mehran Amir-Moeini also told Shana that Oman is keen to cooperate with Iran in the gas project that will not be affected by the US president's decisions over Iran's nuclear deal.
Iran signed an agreement with Oman in 2013 to deliver 28 million cubic meters of gas per day to the Persian Gulf littoral state for 15 years. The two nations hope the gas flow will begin by 2020.
However, concerns have been raised over Trump's recent remarks about reimposing sanctions against Iran, which could affect the country's oil and gas trade.
Trump has criticized the deal and has said that unless European allies fix the "flaws” in the Iran nuclear deal by May 12, he will refuse to extend US sanctions relief on oil-producing Iran.
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Iran Mall, an all-Iranian monumental project slated to be one of the world's top five commercial and cultural complexes and the biggest in the Middle East, is to have its first of the two phases launched today.
The event coincides with the eve of the birth anniversary of Imam Mahdi, the last Shia Imam (May God Hasten His Reappearance), and the International Workers' Day.
According to its developers who addressed a press conference on Sunday, the multi-purpose commercial, cultural, religious and recreational complex's first phase is spread over an area of 1.4 million square meters, including 300,000 square meters occupied by commercial and manufacturing units.
When the project becomes fully operational, the total targeted area will be 1.95 million square meters.
The 14th International Exhibition of Stone, Quarries & Related Industries opened in Isfahan Province on Monday. The five-day event will witness local and foreign companies showcase their latest developments in the production of structural and decorative stones, stone-cutting and processing equipment and machinery as well as new technologies in stone extraction. According to Vice Chairman of Iran Stone Association Malek Rahmati, Iran ranks third in terms of variety and production volume of ornamental stones after China and India. The country also has the world’s fourth biggest stone reserves, Tasnim News Agency reported. Its ornamental stone reserves alone amount to 4 billion tons. At present, around 1,800 stone mines and 6,000 stone cutting factories are active in the country.
Companies listed on Tehran's equity market had an average free float of slightly over 20% in the last fiscal year (March 2017-18), according to the latest market data released by Securities and Exchange Organization.
Floating stock is the number of shares available for trading. It is calculated by subtracting closely-held shares and restricted stocks from a firm’s total outstanding shares.
Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stocks refer to insider shares that cannot be traded because of a temporary restriction such as the lockup period after an initial public offering.
A stock with a small float is generally of less interest to the average investor. It takes fewer trades to move the share price, hence its high volatility and limited liquidity. And there's also the wide bid-ask spread for each.
Low float is typically an impediment to active trading, as the limited trading activity makes it difficult to exit long positions in stocks with small float.
This is while the average free float for the world's top markets usually hovers around 80%, according to the Persian economic daily Donya-e-Eqtesad.
A 4.06% stake in Iran’s largest steelmaker Mobarakeh Steel Company has been scheduled to be sold by Saba Tamin Investment Company on May 5.
The sale comprises 3.04 billion shares with a base price of 2,857 rials (about 7 cents) per share and will take place on Tehran Stock Exchange’s first market. If the sale pulls through, Saba’s share in MSC will drop to about 1%.
This will be the current fiscal year’s (started March 21) second block sale of MSC’s shares, following Omid Investment Bank’s unsuccessful offering of a 1.69% stake on April 22.
Saba Tamin is a subsidiary of Social Security Organization’s investment arm, Social Security Investment Company.
Together with its subsidiaries, MSC is the largest flat steel producer in the Middle East and North Africa region and Iran’s largest steelmaker, supplying 20% of the region’s steel demand and accounting for 1% of Iran’s GDP.
Chicken is the most consumed meat in Iran and with a chicken and egg output of over 3 million tons per year, the industry has played an important role in the country’s food security.
With a chicken farming industry dating back 63 years, Iran is among the top 10 producers of chicken and eggs in the world, according to a report published in Tehran Chamber of Commerce, Industries, Mines and Agriculture’s monthly journal Ayandenegar.
Per capita chicken consumption in Iran is twice the global average. Statistics indicate per capita chicken consumption in the world is around 11.5 kilograms while it is 25 kilograms in Iran.
There are 393 million broilers in the country and only 300 million are being used for their meat. The country produces between 165,000 and 175,000 tons of broilers per month.
The domestic broiler farming industry has a turnover of 110 trillion rials ($2.6 billion).
Producing half of the 550 million square meters per year of the domestic output of tiles and ceramics, Yazd Province is the production hub of these products in Iran, the deputy head of Iran’s Tiles and Ceramics Association said.
“There are 76 production units active in the field in Yazd and the industry has created jobs for close to 300,000 people from the province’s 1.138 million population,” Nasrollah Sharif-Fard was also quoted as saying by IRNA.
Iran’s tile industry enjoys cheap and abundant energy and raw materials combined with indigenous expertise rooted in history. However, due to the market recession caused by an ongoing stagnation in the construction sector as well as the tile and ceramic industry’s overproduction due to the unrestrained issuance of factory licenses during the 1990s, production and exports have followed a downtrend over the past few years and growth in domestic demand has been weak.
Chairman of Iran Ceramic Producers Syndicate Behnam Aziz-Zadeh said last year that more than 150 million square meters of tiles and ceramics in excess demand were piled up in warehouses across the country.
“Local producers are operating at less than half their production capacity,” he said.
Tehran Stock Exchange’s main index lost 218.57 points or 0.23% on Monday compared to the day before to end trade at 93,586.9.
About 578 million shares valued at $44.11 million changed hands at TSE for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.
Iran Tractor Forging Company was the biggest riser, going up 16.1% to 4,232 rials per share.
Pars Shahab Light Company incurred the biggest loss among all TSE-listed companies, as it went down 4.99% to 3,655 rials per share.
Jam Petrochemical Company was the biggest laggard behind the benchmark’s fall, followed by Persian Gulf Petrochemical Industries Company and Mobarakeh Steel Company.
Asan Pardakht Persian gave the biggest boost to the benchmark index, followed by Iran Tractor Forging Company and Tehran Oil Refining Company.
Iran’s auto parts import bill for the first month of the current fiscal which started on March 21 has come in with the total value of the goods standing at $192 million.
According to statistics released by Islamic Republic of Iran Customs Administration, in terms of value, auto parts have a 7.6% share of the goods entering Iran through legal channels, topping Iran’s import bill. This is not something out of ordinary and testifies to local carmakers’ overreliance on foreign suppliers.
The published data indicate a 189% year-on-year growth in auto parts imports.
Furthermore, the shipments are categorized into three groups depending on the share of locally manufactured parts in the final product: vehicles with under 30% localization, 30-50% and over 50%.
Roughly nine out of ten scrappage centers have been forced to shutter their business and the remaining are grasping at straws as ill-conceived government policies in the auto sector start to show signs of stark failure.
Scrappage centers are shutting down one after another as domestic car makers are exempted from the scrappage scheme and auto imports are on the wane as a result of spiking tariff rates, reported Khodrokar.
Head of the Association for Scrappage and Recycling Centers, Mostafa Joudi says 90% of scrappage centers have been forced to shut down their business and the remaining are struggling to survive.
Introduction of scrappage programs is creme de la creme of government-funded strategies to promote the replacement of gas-guzzlers with modern vehicles. The plans aim to remove fuel-intensive high-emission cars from the roads.
Many countries have implemented such schemes to stimulate the auto industry and protect the environment, killing two birds with one stone.
Joudi underscored the role played by the administration of President Hassan Rouhani leading to the current stagnant state scrappage centers are stuck in.
Iranian motorbike makers have ten months to upgrade their facilities to meet Euro4 standards and the country's automotive inspection centers are on the fast track to get new equipment so as to become able to enforce the latest regulations.
The Department of Environment's deputy director, Masoud Tajrishi, cited a lack of testing equipment as the reason for granting motorcycle manufacturers a ten-month-long reprieve from the tightened environmental standards, ISNA reported.
Under a government directive issued in 2014, Iranian motorbike makers were required to renovate their factories by March 2018 so as to become able to produce bikes in compliance with Euro4 emission standards instead of the currently enforced Euro3.
The deadline arrived with the year beginning in March and production of motorcycles was suspended when it became clear that the manufacturers had not been adequately outfitted to make Euro4 two-wheelers.
Private Iranian automaker Bahman Group has initiated the sales of a Haval SUV model H2. The sales began on 10 a.m. local time on Saturday. The vehicle is priced at 958.9 million rials ($22,830) and will be delivered to customers by June, the firm's website reported. Haval is an automotive marque owned by the Chinese automaker Great Wall Motors which specializes in crossovers and SUVs. Under the hood of the Haval H2 is a 1.5-liter turbocharged gasoline engine generating 110 kW of power at 5,600 rpm along with 210 Nm of torque between 2,200 and 4,500 rpm. Matched to a six-speed automatic gearbox, the H2 has a 7.0-inch touchscreen with a quick-to-re-pair Bluetooth connection and USB/SD inputs. Bahman Group is also to launch the manufacture of the off-road Haval H9 and the SUV model H6 in the coming months. Chinese manufacturers have made inroads into Iran's market as evidenced by their rising share. Production of Chinese vehicles experienced a 49% YoY jump and they hold 16% of the country's auto market.
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The Azerbaijan Newt which has been listed among species in danger of extinction was spotted and documented in northwestern Iran for the first time, an environmental official said.
Majid Kharrazian, head of the Department of Environment’s Office for Biodiversity and Wildlife, said that “an expert with the office’s Reptiles and Amphibians Group in cooperation with experts of DOE offices in West Azerbaijan Province and the town of Oshnavieh managed to record the presence of Azerbaijan newt in Oshnavieh border area last month.”
“They found 12 Azerbaijani newts,” he was quoted by Mehr News Agency as saying on Tuesday.
The document on the fifth phase of the international project on Urmia Lake’s restoration was signed on Monday by officials with Iran’s Department of Environment and the office of the United Nations Development Program.
The project which involves fostering local communities’ participation in developing sustainable agriculture and protecting biodiversity is jointly operated by the UNDP and the DOE with support from the Japanese government.
So far, 110 out of 3,000 villages in the lake’s catchment area have been covered in the project and the number is planned to reach 130 in this phase.
During the ceremony, the DOE chief Isa Kalantari commended the project for focusing on social factors and attempting to encourage public participation.
“Such programs are very difficult as they require a long schedule and huge budget,” he said, DEO’s news portal reported.
The recent favorable springtime precipitation prevailing in most areas of the country will persist until late May, the head of Monitoring Network at Iran Meteorological Organization said.
Experts have forecast a new raining weather system will enter the country soon from the western border, enveloping the western, southwestern and central provinces with above normal rainfall especially over the next week, ISNA reported.
Although the precipitation level since the beginning of the current year (March 21) has been satisfactory and even higher than expected in a number of provinces, Masoud Haqiqat said, “The country is still faced with a noticeable lack of precipitation compared with past years’ figures.”
Apparently the recent rainfalls raised the total precipitation from less than 100 millimeters during the first half of the current water year (began September 23, 2017) to 127.4mm until April 30, the official said.
A 5.2-magnitude earthquake rocked Kohgiluyeh and Boyer-Ahmad Province southwest of Iran on Wednesday morning, injuring more than fifty people. It occurred at 8:38 a.m. local time and its epicenter was eight km deep, 10 km away from the city of Sisakht and 19 km from the provincial capital Yasuj, ISNA reported. There were no reports of loss of life. “The quake of magnitude 5.2 has left more than fifty injured, twenty of whom have been treated as outpatients and the remainder have been hospitalized,” said an official at the office of the province’s governor general. Expert teams have been sent to the site of the quake to assess the damage, he said. “No fatalities have been reported yet. This is because most people were awake and outside their homes at the time of the quake,” he added. It caused temporary distruption in mobile phone connections across parts of the province, including Yasuj. A magnitude 7.3 earthquake killed hundreds of people in the nearby province of Kermanshah and neighboring Iraq in last November.
The national day of the Persian Gulf was observed in Iran on Monday to highlight the significance of one of the world's key water body.
Given the strategic importance of the Persian Gulf for Iran and following attempts to alter its name, April 30, which roughly corresponds to the historic recapture of the Strait of Hormuz from the Portuguese garrison in 1622, was designated as National Persian Gulf Day, the Department of Environment's news portal reported.
Thanks to its special geographical location and abundant natural resources such as oil, gas, minerals and foodstuff, this valuable body of water offers huge economic benefit for its littoral states.
However, these very advantages have become its Achilles' heel, for they have led to constant environmental damage due to human activity.
Environmental Hazards
Population growth, urbanization, development of industries and unsystematic use of natural resources have caused great environmental pollution in the waters of the Persian Gulf, threatening marine life.
The heavy traffic of vessels that release dangerous chemicals into the water has resulted in above-standard levels of pollution. Urban and industrial wastewater adds to the problem. According to Ahmad Moradi, a lawmaker, some 700 liters of wastewater flows into the sea per second from the city of Bandar Abbas alone.
Land subsidence in Iran is way too close to a perilous point to be compared to the global standard set by international land subsidence associations, a senior environment official at the Department of Environment said.
According to Mohammad Darvish, head of Public Participation Office at the Department of Environment, the phenomenon in the country has already reached 140 times the global standard of annually 4mm of land settling. Land subsidence is defined by scientific references as a gradual settling or sudden sinking of the earth's surface owing to subsurface movement of earth materials.
Principal causes are aquifer-system compaction, drainage of organic soils, underground mining, hydrocompaction, natural compaction, gas and oil extraction as well as earthquake. In more humid areas underlain by soluble rocks such as limestone, gypsum or salt, land subsidence is an often overlooked environmental consequence of land- and water-use practices.
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Australia on Sunday pledged half a billion dollars to restore and protect the Great Barrier Reef in what it said would be a game-changer for the embattled natural wonder, but conservationists were not convinced.
The World Heritage-listed site, which attracts millions of tourists, is reeling from significant bouts of coral bleaching due to warming sea temperatures linked to climate change, AFP reported.
It is also under threat from the coral-eating crown-of-thorns starfish, which has proliferated due to pollution and agricultural runoff.
Prime Minister Malcolm Turnbull said more than $400 million would go toward improving water quality, tackling predators, and expanding restoration efforts.
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Tehran Museum of Contemporary Art on Sunday unveiled in its public space a new statue donated by acclaimed British sculptor Tony Cragg.
The gigantic 320 cm by 158 cm marble sculpture titled “Roots & Stones” was created in 1949 and is now placed near the famous conceptual piece by Karl Schlamminger in the museum’s sculpture garden.
“I leave this sculpture as a reminder of friendship, tolerance and my visit to Iran,” Cragg said at the unveiling ceremony.
The ceremony attended by Cragg, Director General of Iran’s Visual Arts Office Majid Molla-Norouzi and TMoCA Director Ali Mohammad-Zare’ alongside leading figures in the arts, ILNA reported.
Tickets to the new opera “Leyli and Majnoun”, written, directed and produced by Seyyed Jalaleddin Dorri, are now available at Tiwall.com.
The piece, which had first opened on April 14, is scheduled to have a number of performances on Saturdays at Shahrzad Theater, the total number of which has not been announced yet.
The play borrows its name from the renowned work of 12-century Persian poet Nizami Ganjavi. Nizami’s Leyli and Majnoun is a narrative poem based on a semi-historical Arab story about the 7th-century Bedouin poet Qays ibn Al-Mulawwah and his ladylove Leyli bint Mahdi.
Dorri’s play, set 60 years ago in Iran, is a love story between a simple writer who comes to Tehran and falls in love with an actress.
Book City Institute in Tehran has organized a session in German for discussing contemporary literature in German-speaking countries on Tuesday.
The meeting will be attended by three guests, including writer and translator Michael Kleeberg from Germany, novelist and journalist Urs Mannhart from Switzerland and writer, translator and researcher Cornelia Travnicek from Austria, Honaronline reported.
The three invitees will read out excerpts from one of their books to the enthusiasts.
Kleeberg, 58, studied political science and modern history at the University of Hamburg and visual communications at the Kunsthochschule, University of Fine Arts of Hamburg. He is currently based in Berlin and is a full-time writer and translator from English and French.
Sa’dabad Cultural Historical Complex in northern Tehran has opened an exhibition of glass handicrafts. The expo was inaugurated on April 28 during a brief ceremony attended by Pouya Mahmoudian, the head of the Handicrafts Office of Iran’s Cultural Heritage, Handicrafts and Tourism Organization. According to Chtn.ir, a total of 140 glassworks by 16 artisans based in Tehran Province are on display and will remain on view till May 8. Sa’dabad complex is at the northern tip of Sa’dabad Street accessible through Zafaranieh Street near Tajrish Square.
The six feature films and one animated movie, which have been screened since a week before the beginning of the Iranian New Year (started March 21), have grossed $12 million at the box office after about 50 days and are approaching the end of their screening.
Appealing to different tastes, the movies cover various genres, including action, thriller, comedy, drama and adventure.
On top of the box office table sits “Confiscation”, the debut directorial work of actor Mehran Ahmadi, which has so far taken in over $3.1 million.
A comedy, the flick has popular comedian Reza Attaran in the lead role. Houman Seyyedi, Babak Hamidian and Ahmadi are also in the cast.
The film, based in the 1970s, is the story of a SAVAK (Iran’s security service before the 1979 Islamic Revolution) member (played by Attaran) who is involved in many adventures and challenges.
Second best-seller of the year so far is “Lottery” directed by Mohammad Hossein Mahdavian which has earned over $2.7 million.
“Existence From Two Viewpoints” is the title of one of the books recently released by Negah-e Moaser Publications.
Written by researcher Eskandar Salehi in Persian, the book provides an analysis and comparative ontology of two philosophers: ancient Greek philosopher Aristotle (384-322 BC) and Persian polymath Avicenna (980-1037).
The book is the result of years of research conducted by Salehi on Avicenna’s “Al-Isharat wa al-Tanbihat” and one of the principal works of Aristotle “Metaphysics”, Khabaronline reported. A student of Plato, Aristotle is considered an important figure in western philosophy.
Tehran-based Peydayesh publications has recently released a Persian translation of the young adults’ novel “The Glass Children” by Swedish political scientist and writer Kristina Ohlsson. Originally published in 2013, the book has been translated into Persian by Matin Pedrami, ISNA reported.
Billie and her mother move to a new house in a small town. Musty furniture and odd belongings fill their new but dilapidated building, including two small glass figures of a boy and a girl.
The neighbors and local community are hiding something Billie does not know. Is it a secret about the house, or something about its past? Billie notices that the glass figures had moved when they were not in the house.
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