The Americans are suffering defeats in the Middle East because they have sided with the "wrong" partners, Foreign Minister Mohammed Javad Zarif said, adding that Iran is a "force for stability" in the region.
The Americans are suffering defeats in the Middle East because they have sided with the "wrong" partners, Foreign Minister Mohammed Javad Zarif said, adding that Iran is a "force for stability" in the region.
Foreign Minister Mohammed Javad Zarif announced on Saturday his plans to visit Russia and North Korea to hold talks with his counterparts and other officials.
Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said one of the main obstacles in the way of boosting domestic production is smuggling, calling on police forces to step up efforts to counter the movement of contraband goods across the borders.
Iran and the African continent have a great potential for expanding trade relations through barter of goods, a Foreign Ministry official said.
Mehdi Aqajafari, director general for African affairs, added that the continent is a favorable market for Iranian non-oil goods while it can meet a wide range of Iran's needs.
"By proper planning, the two sides can use the huge opportunities and improve trade through barter," he told ISNA.
Iran has had good relations with African countries over the past decades, according to Aqajafari, and intends to expand ties in the sanctions era by tapping into mutual capacities, especially by supporting the private sector.
Chairman of the General Staff of Armed Forces Mohammad Baqeri said Iran does not intend to close the Strait of Hormuz, the most strategic waterway in the Persian Gulf, but would severely confront those who endanger its security.
A 10 megawatt solar power plant opened in Abadeh County in southern Fars Province on Sunday.
A private sector initiative, the plant is one of the largest of its kind in the south and cost $3.5 million, the public relations office of the Renewable and Energy Efficiency Organization (SATBA) reported.
A key feature of the plant is that it was fully designed by Iranian engineers and constructed with indigenized technology and locally-made panels.
Russian President Vladimir Putin said on Saturday he hoped Iranian oil exports would continue despite Washington’s efforts to stop them.
Work is in progress at the Miandoab Petrochemical Complex in West Azarbaijan Province and production is slated to begin in the second half of the current fiscal that started in March, head of National Petrochemical Company said.
"The plant will convert ethylene to higher value-added products, namely heavy polyethylene, linear and light polyethylene with annual capacity of 175,000 tons," Behzad Mohammadi was quoted as saying by NIPNA, the National Petrochemical Company's news agency.
Bakhtar Petrochemical Company—the main shareholder of the venture—acquired the licenses from Japan's Mitsui & Co., Ltd. Company, Mohammadi said, adding that the plant will get 140,000 tons of ethylene per year via the West Ethylene Pipeline.
The National Iranian Oil Company generated $8.6 billion from selling five petroleum products namely gasoline, diesel, mazut, kerosene and liquefied gas in the fiscal 2017-18, Fars news agency said as quoted by the Supreme Audit Court of Iran.
Giving a breakdown, the report said NIOC sold 29 billion liters of gasoline worth $6.4 billion.
According to the comptroller, about 30 billion liters of diesel was sold in the year adding $2 billion to NIOC's total revenues. It put the volume and value for mazut sales at 5 billion liters and $64 million respectively.
India has little choice to import oil from Iran under mounting pressure from the US, therefore it is exploring the crude oil market to replace its Iranian crude loss.
Iran traded 8.68 million tons of non-oil commodities worth $10.44 billion with members of the European Union during the last fiscal year (ended March 20, 2019) to register a 14.83% and 22.55% decline in tonnage and value respectively compared to the year before.
Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled 1.17 million tons worth $1.07 billion during the period, indicating a 23.71% and 29.77% year-on-year decline in tonnage and value respectively.
Imports stood at 7.5 million tons worth $9.36 billion, down 13.24% and 21.63% in tonnage and value respectively YOY.
The EU is a political and economic union of 28 member states located primarily in Europe.
The average annual inflation gap measured by the Statistical Center of Iran among income deciles decreased 0.2% to reach 2.8% in the first Iranian month (March 21-April 20) compared with the previous month’s 3%.
The average goods and services Consumer Price Index in the 12-month period ending April 20 increased by 29.9% for the first decile (those with the lowest income) whereas it rose by 32.7% for the 10th decile (those with the highest income).
The second, fifth and sixth deciles saw their 12-month average inflation rate grow by 31% compared with last year’s corresponding period.
Iran traded 2.48 million tons of non-oil commodities worth $948.72 million with Singapore during the last Iranian year (ended March 20, 2019), registering a 7.84% growth in tonnage and 4.5% decrease in value compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
The Central Bank of Iran is striving to find solutions to curb the galloping inflation rates with the help of workable and viable monetary policies.
In an Instagram post on Sunday the CBI boss Abodlnasser Hemmati said the regulator is working on solutions to control volatilities in macroeconomic variables. In particular he referred to the high and rising inflation rate.
“In the present economic conditions it should be noted that aggregate demand is not rising,” he wrote.
In economic parlance, aggregate demand refers to total demand for final goods and services in the economy which if raised leads to demand-pull inflation.
CEO of the Export Guarantee Fund of Iran says the fund has taken special measures to shield exports from the negative impact of US sanctions.
After small gains in Saturday’s trades, the Tehran Stock Exchange continued to rally on Sunday to break another record amid excessive demand for both small and big shares mainly in metal and refinery products.
The TSE’s main index, TEDPIX, rose 3,956 points to end trading day at 209,243 points on Sunday.
The market was boosted mainly by refinery stocks following the rise in currency rates in Nima ( the Integrated Forex Deal System). Non-oil export revenues, including earnings of refinery and petrochemical companies are offered on Nima.
New data released by the Central Bank of Iran indicate 3,423 homes were sold in Tehran in the first month of the current Iranian year (March 21-April 20) to register a 73.3% decline compared to the month before and 32.2% compared to the similar month of the year before.
The hike in home prices in the capital city continued their last year’s growing trend.
The average price of each square meter of a residential unit in Tehran stood at about 112.69 million rials ($810), showing a year-on-year surge of about 104% as average prices reached 55.28 million rials ($397) in the similar month of last year.
Home prices in the capital grew by 2.1% compared with 110.41 million rials ($794) in the 12th month of last year.
The US Federal Communications Commission has approved SpaceX’s request to fly a large swath of its future Internet-beaming satellites at a lower orbit than originally planned.
The second edition of a computer programming marathon called Hackahealth is underway at the international campus of Sharif University of Technology on Kish Island, off the Persian Gulf.
The Third Iranian Symposium on Brain Mapping Updates (also known as ISBM 2019) will be held at the Tehran University of Medical Sciences on May 1-2.
Communications Regulatory Authority of Iran has released the results of a nationwide survey of subscribers using local landline and broadband wireless services (WiMax).
According to the results published on CRA’s website, the privately-owned Internet service provider Shatel scores highest among Iranian ISPs, while users gave a thumbs down to Helma Gostar.
During the survey conducted between September 2018 and March 2019, subscribers were questioned about the quality of services offered by nine Iranian ISPs.
Questioned about the general quality of services, speed, costs and after-sales services, users ranked Shatel, Datak and HiWeba as the best landline Iranian ISPs in a descending order.
Iran Airports Company registered 427,803 takeoffs and landings in the last Iranian year (March 2018-19), which shows a 14% decrease compared with the previous year.
More than 51.67 million passengers and 515,228 tons of cargos were transported during the period, indicating a 16% and 14% decline respectively year-on-year, IAC's latest data published on its website show.
The latest IAC report also shows 357,411 takeoffs and landings were made by domestic flights, down 13% compared with the year before. More than 41.43 million passengers and 315,566 tons of cargo were transported domestically, both indicating a 15% decline YOY.
An Omani airline SalamAir plans to launch a new route to Tehran.
Subscribe to our daily newsletter.
More from DEN Media Group:
© Financial Tribune Daily and Contributors 2014-2018