The Europeans should find their own voice and stop assuming that talks between Iran and the US could offset their lack of independence in decision-making about the 2015 nuclear deal, Foreign Minister Mohammad Javad Zarif said.
The Europeans should find their own voice and stop assuming that talks between Iran and the US could offset their lack of independence in decision-making about the 2015 nuclear deal, Foreign Minister Mohammad Javad Zarif said.
President Hassan Rouhani is travelling to Armenia on Monday at the head of a politico-economic delegation to attend a summit of the Eurasian Economic Union.
Europe's withdrawal from the 2015 nuclear deal would have no considerable impact on Iran, as its apparent adherence has not brought any economic relief to the country, a former diplomat said.
Coalitions between political parties would not only encourage people to participate in elections, but also serve national interests in the long run, a senior official says.
Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution as well as its liquefied petroleum gas and biodiesel business, according to media reports.
In line with policies to upgrade health, safety and environment (HSE) standards in petrochemical companies, experts from 21 petrochemical companies have completed technical training overseas, the head of HSE department of the Persian Gulf Petrochemical Industries Company said.
"A group of 140 technicians have been trained on the latest HSE systems in European countries (including Italy and the Netherlands) since 2016," Navid Naderpour was quoted as saying by ILNA Sunday.
As long as electricity prices (generated with the help of fossil fuels) are not modified, plans to expand renewable energies will not materialize.
The government reportedly plans to raise the current share of renewables from the current 841 megawatts to 5,000 MW by 2022. The aspiration appears to be a tall order because in addition to financial constraints, developing renewable plants remains a low priority for the government.
A major breakthrough in expanding renewable power is highly unlikely because no budget has so far been allocated to develop renewables by the government in the current fiscal year (started March 21), IRNA reported.
Since the domestic renewable energy sector is unable to compete with low-cost and subsidized fossil fuel-based electricity, individual investors won't risk their money.
The private sector is unwilling to embark on green ventures not only due to the Energy Ministry's reluctance to allow reasonable tariffs for electricity (produced by private companies), but also owing to the latter’s inability to compete with state power firms, most of which receive cheap natural gas as feedstock.
The Statistical Center of Iran has released a new report, detailing consumer price changes in Iran's 31 provinces for the sixth month of the current Iranian year (Aug. 23-Sept. 22).
The report shows that growth in overall Consumer Price Index was the highest (1.7%) for Qom Province during the month compared with the previous month.
This is while Kurdestan Province posted a month-on-month deflation of 1.6% last month.
The overall CPI calculated for the country (using the Iranian year to March 2017 as the base year) stood at 181.7 in the same month, indicating a 0.5% rise compared with the previous month.
Ilam Province’s goods and services consumer inflation registered a rise of 46.2% during the month year-on-year, the highest among all provinces.
The CPI increase YOY was the lowest for Fars Province with 29.8% compared with that of other Iranian provinces.
The overall goods and services CPI in Iran registered a YOY increase of 35% in the same month.
Iranian miners paid 7.19 trillion rials ($63.4 million) in mining royalties to the government during the first five months of the current Iranian year (March 21-Aug. 22).
Iran’s egg exports have ceased for more than a month now, says Nasser Nabipour, chairman of Tehran's Union of Producers of Egg-Laying Chicken’s board of directors.
The number of property deals, together with home prices in Tehran decreased, for the second consecutive month, in the sixth month of the current Iranian year that ended on Sept. 22 compared with the previous month, according to the Central Bank of Iran.
Data published by CBI on its website indicate that the average price of each square meter of a residential unit in Tehran stood at 126.67 million rials ($1,116) during the month under review, showing a surge of 56.5% over last year’s same month when average prices reached 80.95 million rials ($713) then.
Home prices in the capital city declined by 2.8% compared to 130.25 million rials ($1,147) in the fifth month of the current year.
A total of 2,787 homes were sold in the capital during the sixth month of the current fiscal year, signaling a year-on-year decline of 73% compared with 10,335 deals in the corresponding month of last year.
The number of property deals fell by 15.3% compared with the preceding Iranian month.
The Central Securities Depositary of Iran has published a list of the top 20 companies active in the Tehran Stock Market and the junior stock market, Iran Fara Bourse, in terms of market capitalization by the end of fifth month of current calendar year to August 22.
The Central Bank of Iran has resumed rating lenders based on their performance in corporate governance and the level of their progress in digital banking, according to a CBI official familiar with the matter.
“Ranking banks is underway but the CBI is not allowed to publicize it,” the unnamed official told Mehr News Agency.
As part of the process, lenders have submitted their performance reports to the CBI and the issue is being pursued by the CBI governor, Abdolnasser Hemmati, the unnamed official said.
As per the roadmap, there is no universal procedure for ranking banks and the regulator decides the health of a lender on a case-by-case basis.
Parsian Bank, one of the leading private banks in Iran, is planning to open five more branches in Iraq, the CEO told members of the Iran-Iraq Joint Chamber of Commerce.
"We have permission to open seven branches in Iraq…So far two are operating and if there is no major hurdle we will soon open five more," Kourosh Parvizian was quoted as saying by the chamber’s official website.
Parsian recently increased the capital of the operating branches in the neighboring Arab state to $50 million, he added.
Parvizian, who also is head of Iran's Private Banks and Credit Institutions Association, said his bank would be willing to form consortiums with other banks to finance non-oil exports to Iraq.
"We are working closely with the Export Guarantee Fund of Iran," he said, while outlining his bank’s plans to underwrite higher risks for exporters.
A domestic knowledge-based company has signed cooperation deals collectively worth 600 billion rials ($5.2 million) with several Iranian companies active in the field of aviation industry.
During a tech event held by Iran National Innovation Fund on Saturday in Tehran, Servo Hydraulic Pooya Company (aka ServoHyd), affiliated to Iranian Research Organization for Science and Technology, signed numerous deals with local aviation firms.
According to ServoHyd Managing Director Mohammad Mehdi Izadpanah, the deals are over the sale, repair, design and production of parts and equipment related to aircraft, including fuel nozzles, pneumatic and hydraulic systems, as well as piston engines, INIF's website reported.
"As per the deals, we are set to offer training to employees of Iranian companies in the fields of standardization and reverse engineering techniques," he said.
As a result of the rising access to internet services and electronic devices in Iran’s rural areas, more and more villagers have started playing video games.
The Iranian government is enhancing internet connectivity and telecom services in rural areas to encourage villagers to stay in remote areas.
Currently, Iran’s internet penetration rate stands at 90.8% and 64 million broadband internet subscriptions have been registered.
Of the 28 million Iranian video gamers, 6.7 million or 24% live in villages, a new survey shows.
A nationwide survey conducted by the Iran Computer and Video Games Foundation, in collaboration with the Digital Games Research Center, marks the rising number of gamers across the country.
Results show that the number of Iranian villagers playing video games has reached 6.7 million.
The Vice Presidential Office for Science and Technology and Iran National Innovation Fund are planning to send an Iranian team of tech companies, startups and experts to Baku, the capital of neighboring Azerbaijan, from October 15 to 18, to expand tech ties.
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