President Hassan Rouhani said on Monday the settlement of the Yemen crisis would help ease tensions in the region, clearing the way for addressing other regional challenges through diplomacy.
President Hassan Rouhani said on Monday the settlement of the Yemen crisis would help ease tensions in the region, clearing the way for addressing other regional challenges through diplomacy.
Parliament Speaker Ali Larijani held talks with his counterparts on the sidelines of the 141st Assembly of the Inter-Parliamentary Union in the Serbian capital Belgrade on Sunday to discuss mutual ties as well as regional issues.
Parliament Speaker Ali Larijani held talks with his counterparts on the sidelines of the 141st Assembly of the Inter-Parliamentary Union in the Serbian capital Belgrade on Sunday to discuss mutual ties as well as regional issues.
An advisor to Japanese Prime Minister Shinzo Abe is set to visit Tehran later this week to pursue Tokyo's initiative of reducing tensions in the Middle East and helping settle the conflict between Iran and the United States.
Russian Energy Minister Alexander Novak said on Monday there were no talks underway to change the global output deal under which OPEC and non-OPEC oil-producing countries have curbed output in order to support prices.
A project has been launched to supply power to 25,000 nomad families via portable solar power generators, director of rural electrification affairs at Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
“The plan will be completed in two years and nomads will have access to electricity during their regular journeys,” Ali Chehel Amirani was quoted as saying by the Energy Ministry news portal Paven.
Over 4,850 nomadic households in remote areas now have access to renewable energy, namely solar and wind power.
Oil prices fell Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a US-Sino thaw that had helped lift crude markets by 2% at the end of last week.
To improve the efficiency of gas-powered turbines the Energy Ministry’s Niroo Research Institute is implementing the “Condition Monitoring” (CM) system in Kerman and Yazd thermal power plants, deputy head for technology affairs of the institute said.
“The plan will cost $3.5 million and is expected to raise thermal power plants’ efficiency by 1%,” Mohsen Marjanmehr was quoted as saying by ISNA.
Gas-turbine engines are critical to the operation of power plants. CM is essential to improve operation reliability and reducing maintenance cost. It plays an important role in avoiding breakdown and hazardous accidents, he added.
“CM systems help determine engine maintenance needs as per operational conditions rather than being performed at fixed intervals.”
Iran Airports Company registered 37,165 takeoffs and landings during the sixth month of the current Iranian year (August 23-Sept. 22), which shows a 1.23% rise compared with the similar period of last year.
More than 4.78 million passengers and 50.086 tons of cargos were transported during the period, indicating an 8.11% and 0.97% increase respectively year-on-year, IAC's latest data published on its website show.
Tehran’s Mehrabad International Airport was the busiest Iranian airport during the period, with 10,391 takeoffs and landings, registering no significant change YOY.
More than 1.26 million passengers and 9,120 tons of cargo were handled at this airport, posting a YOY rise of 7% and 3% respectively.
The Iranian government will institute fundamental changes in the existing procedures regarding privatization.
It’s nearly 28 years since the first privatization sale in Iran’s economy.
State assets worth 3.32 trillion rials ($29.25 million) were handed over to the private sector under the second government of late President Akbar Hashemi Rafsanjani (March 1994-98).
Privatization deals worth 25.15 trillion rials ($221.58 million) were finalized by the subsequent administration (March 1998-2006).
In July 2006, Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei issued new marching orders to step up privatization of the economy.
As a result, the volume of privatization carried out during the two-term administration of former president, Mahmoud Ahmadinejad, (March 2006 to 2013, jumped to 1,026 trillion rials ($9.03 billion).
And since June 2013, the government of President Hassan Rouhani has sold off state-owned enterprises valued at 480 trillion rials ($4.22 billion).
After a two-day bull market, Tehran stocks took a drubbing on Monday, shedding more than 6,000 points to close trading session 1.9% lower.
The market saw massive selloff and negative prices for 160 symbol tickers (out of a total of 323) in one hour after the opening of the session, later rising to 300 symbols.
The downturn for equal-weighted index was even deeper at 2,855, or 3.08%, hitting a historic level, according to Donyaye Bourse website.
It has been seen in recent times that the bourse is more inclined toward emotional behavior and haste by novice investors in unusually big numbers.
Economist Pouya Jabal Ameli believes that the real-estate market won’t stand upon a better footing in the coming years than it did over the past half-century.
The country’s real estate used to bring higher returns compared with other investment markets over the past decades, he says.
“The total return index of real-estate market has been greater than that of other markets such as gold coin in the long run. But there’s this feeling that the decades-long economic expansion of this market is in for a correction,” he was quoted as saying by Hibna.
Jabal Ameli points out to two factors that will impact housing demand in the long run.
Over the past week, Tehran hosted an event to connect tech firms with automakers, on the sidelines of which several deals totally worth $162 million were signed.
The government-backed Iran National Innovation Fund has organized a three-day gathering in Tehran, which opened on Monday, IRNA reported.
During the event, SAIPA subsidiary Mega Motor signed 22 deals with local tech firms worth 6.5 trillion rials ($56.5 million).
Another subsidiary of the carmaker, Sazehgostar SAIPA, inked a deal valued at 180 billion rials ($1.6 million) with local knowledge-based firm Pars Iranian Saman for the domestic production of car lamps.
E-commerce firm Arsh Gostar and Electronic Industries of Iran Company signed an agreement worth 490 billion rials ($4.3 million) for producing airbags.
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of Sciences said on Monday.
Data released by the Iranian Legal Medicine Organization reveal 7,500 people lost their lives in road mishaps in five months ending Aug. 22.
The death rate is 1% higher, compared with the corresponding period of last year.
In the fiscal 2018-19, the national road death toll hit 17,183, showing a 1.2% rise year-on-year.
A comparative look at LMO charts shows that during the first five months of the current fiscal year, 7,561 people lost their lives in road accidents nationwide, which was 7,489 in the same period of last year.
Infamous for the high road death rate, Fars tops the provinces with 612 deaths, followed by Khorasan Razavi at 543 and Tehran with 542 deaths.
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