Collective efforts in the fields of security, science and technology can help promote health in the region, President Hassan Rouhani said on Tuesday, while criticizing US sanctions that have hindered Iranians' access to life-saving medicine.
Collective efforts in the fields of security, science and technology can help promote health in the region, President Hassan Rouhani said on Tuesday, while criticizing US sanctions that have hindered Iranians' access to life-saving medicine.
More Afghans than Syrians have migrated to the European Union so far this year, official data show, making them the largest group of foreign citizens illegally entering the bloc, with many relocating from Iran partly due to the economic problems caused by US sanctions.
Construction on the site of the second unit of Bushehr Nuclear Power Plant in south Iran will start in early November, spokesman of the Atomic Energy Organization of Iran said Tuesday.
The Majlis Research Center has announced that implementing the fuel rationing system saved the country as much as $100 billion between 2007 and 2015.
“In 2006, the year before gasoline rationing system started, daily gasoline use was 74 million liters, of which 20 million liters were imported. A year later consumption declined by10 ml/d and the National Iranian Oil Company restricted imports,” the MRC said as reported by Energy Today.
Of the total savings ($100 billion), close to $75 billion was (saved) due to decline in domestic use and imports, the report said, noting that $25 billion was saved because some car owners started filling up their tanks with alternative fuels, namely compressed natural gas that was much cheaper than gasoline.
Gasoline rationing started in 2007 allowing motorists to buy 60 liters of subsidized fuel a month with a special card at 7,000 rials (70 cents) per liter (at the time one USD was worth 10,000 rials).
The National Iranian Oil Company raised $700 million in revenues by selling oil and petroleum byproducts in the capital market in the past eight months, the managing director of the company said Tuesday.
“Now that we cannot get assistance from the National Development Fund of Iran (a sovereign wealth fund), revenue from selling oil derivatives on the Iran Energy Exchange is helping us finance some incomplete projects,” Masoud Karbasian said, ILNA reported.
The government is struggling to plug its budget deficit and cannot afford to pay for oil development projects and that is the reason why NIOC is looking at the available options (other than exports), he noted.
On the same subject he added that the private sector is of importance in attracting liquidity and assigning oil projects.
The Guardians Council–a watchdog body that ensures laws are in line with the Iranian Constitution and the Islamic law–has found the parliament-approved bill on establishing a Commerce Ministry to be against articles 85 and 133 of the Iranian Constitution and sent it back to Majlis for reconsideration, Abbasali Kadkhodaei, the council’s spokesman, was quoted as saying by Otaghiranonline.ir.
On Sept. 25, Iranian parliamentarians agreed in principle to the formation of Commerce Ministry–with 132 votes in favor and 78 against while eight abstained from voting–by splitting the current Ministry of Industries, Mining and Trade.
Leading an economic delegation, Roads and Urban Development Minister Mohammad Eslami arrived in Turkmenistan's capital Ashgabat on Tuesday to attend the 15th session of Iran-Turkmenistan Economic Commission.
The average tariff set by the Eurasian Economic Union on Iranian goods as part of a preferential trade agreement set to come into effect between the two sides on Oct. 27 stands at 3.1%, while the figure is 12.9% for EEU goods exported to Iran.
Iran and the EEU have listed 862 types of commodities in their three-year provisional trade agreement. As per the deal, Iran will enjoy easier export terms and lower customs duties on 502 items and the same goes for 360 items from the EEU member states.
“Out of the total 862 items in the agreement, 639 are industrial commodities and the remaining 223 items are agricultural goods,” the deputy head of Iran Chamber of Commerce, Industries, Mines and Agricultures, Mohammad Reza Karbasi, was quoted by ICCIMA’s news portal as saying.
The Iranian government has issued a framework assigning tasks to executive bodies, as a part of an amendment to the Anti-Money Laundering and Countering the Financing of Terrorism Law.
The framework was passed in the Cabinet's latest meeting on Saturday and approved by the judiciary.
As per the announcement, the National Risk Assessment Working Group is required to establish sector-specific working groups for assessing risks related to money laundering and terrorism financing in the operations of banking, capital market, insurance and other financial institutions, along with non-financial sectors, the government's news portal reported on Monday.
Switzerland’s ambassador to Iran paid a visit to Tehran Stock Exchange on Tuesday and rang the opening trading bell.
Markus Leitner and his accompanying delegates were briefed by TSE Managing Director Ali Sahraei, TSE’s website reported.
Sahraei elaborated on the structure and operations of Iran’s capital market, trading outlook and investment procedures.
Almost all of the symbol tickers of listed companies in Tehran Stock Exchange were in the red on Tuesday as the selloff drags on in the stock market.
TSE’s benchmark lost more than 10,800 points for the day to reach 308, 978.9, sending TEDPIX 3.4% lower, the biggest since May 6, Donyaye Bourse reported.
Instead of being influenced by a particular factor, such as a slump in global markets, volatilities in foreign exchange market and financial records of listed companies, the downturn was driven mainly by investors’ fear of further losses.
The shares of 315 companies recorded negative prices on Tuesday, accounting for 97% of the total, with losses amounting to 400 trillion rials ($3.5 billion).
The 20th edition of Iran Telecom Fair (aka Telecom 2019) is to be held in Tehran between Dec. 17 and 20.
The first private post operator was introduced at Iran's Chamber of Commerce in Tehran on Monday.
This fulfills the ICT Ministry’s long-awaited government promise of promoting private sector operations in the field.
Dubbed Postaval, the new operator is planning to create a wide network of companies already offering postal services and remove the sector’s shortcomings, Mohammad Hassan Karbasian, the CEO of Postaval, said.
During his speech at the inaugural ceremony, Karbasian noted that the new operator will not merge or acquire any postal company, ICT Ministry's website reported.
"In an innovative move, we are to gather and get help from SMEs active in the sector, with their brands," he added.
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