President Hassan Rouhani said Iran will never hold talks with the United States under pressure.
President Hassan Rouhani said Iran will never hold talks with the United States under pressure.
The interior minister elaborated on the process of conducting the 11th round of parliamentary elections slated for Friday.
The European Union’s top diplomat has engaged in talks with non-European parties to the 2015 nuclear deal as part of efforts to save the unraveling accord.
Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s representative in charge of offering petroleum products in IRENEX said.
“The temporary suspension has nothing to do with the International Maritime Organization’s new regulations for 0.5% global sulphur cap for marine fuels,” Amirhossein Tebyanian was quoted as saying by ILNA.
When consumption (mostly in power plants) declines, selling mazut and diesel will resume in the energy bourse, he noted
Close to 90,000 kilometers of pipelines in the national water grid are old and dilapidated and must be replaced.
The national water network in cities stretches over 155,000 kilometers, of which around 25% (or 50,000 km) is decrepit in urban areas, IRNA reported.
Repairing one kilometer of the grid requires $30,000 and renovating the old and seeping pipelines will cost $1.1 billion.
Mack trucks of 1967 are still rolling on Iranian roads.
Transport trucks that should have been sent to the scrapyard years ago still fetch an exorbitant price.
Iran Road Maintenance and Transportation Organization, the body in charge of heavy vehicles used for goods transportation, said an estimated 10,000 heavy-duty vehicles aged 45 years and above were rumbling along Iranian roads by March 2019, though the actual number is believed to be much higher.
A few years ago, it was announced that once the road fleet overhaul program, the so-called Key-to-Key Scheme, is launched, old trucks won’t be allowed on the roads. But with the decline in production, increase in prices and lack of financial incentives, these clunkers are not only refusing to drive into the sunset, but are also getting costlier.
Nonoperational since 2014, Tose’e Insurance Company says it will return to the market in the coming fiscal year that starts in March.
Speaking to reporters, Saeed Afshari, the company's CEO, said 13 trillion rials ($94 million) has been raised by shareholders in tandem with the company's revival plan.
"Tose'e Insurance will start operations in the coming fiscal year," Risknews quoted him as saying. He did not elaborate.
Price of the US dollar reached 141,300 rials in Tehran’s open market on Sunday, the highest in the past nine months.
The greenback started the ascending order in the past few weeks due mainly to speculation among market observers regarding the Iran dossier at the meeting in Paris of the Financial Action Task Force, the global anti-money laundering watchdog.
Currency prices have been rising amid rumors that the Paris-based body is expected to put Iran on its blacklist. Iran is currently on FATF's watch list and was given the last and final deadline last October to comply by FATF rules or face consequences.
FATF has linked taking Iran out of its blacklist on the ratification of four bills. In August 2018, Iran enacted amendments to its Counter-Terrorist Financing Act and in January 2019 amended its Anti-Money Laundering Act.
The Financial Action Task Force commenced a week of meetings on Sunday to discuss major issues regarding money-laundering across continents.
The global watchdog announced on its website the FATF Week will be attended by more than 800 representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank and other organizations.
The FATF plenary and working group meetings will run from February 16 till Feb 21 in Paris.
Among other issues, the international watchdog, which monitors global money laundering and terror financing, will discuss progresses made by Iran and Pakistan and other countries that the watchdog claim “present a risk to the financial system”.
Tehran stocks made solid gains on Sunday climbing more than 2.3% amid demand for a wide range of large-cap stocks.
The main gauge of Tehran Stock Exchange, TEDPIX, soared over 10,700 points for the day and stood at all time high of 472,479.86.
While stocks in steel, base metal, chemicals, refineries and petrochemicals were well-braced by investors, many small-cap stocks closed the session lower.
The Statistical Center of Iran has published a new report on home and land prices, as well as rent levels, in the capital city Tehran during the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019).
According to the report, published on SCI’s website, the average price of each square meter of land or land of a rundown residential property (residential units that are considered old to a degree that only the underlying land is useful for construction) in Tehran went up by 86.3% in Q3 compared with the corresponding period of last year.
Prices increased by 0.4% compared with the preceding quarter (Q2 of current Iranian year from June 22 to Sept. 22, 2019.)
Iran's Vice Presidential Office for Science and Technology is planning to help startups and knowledge-based companies tap the market potentials of regional countries like Russia and Uzbekistan.
The event, slated for February 23 in Tehran, can help startups and tech teams offer their innovative products and services in larger markets, Isti.ir reported.
Tech authorities at the vice presidential office are supposed to familiarize attendees with the services offered to knowledge-based companies for expanding exports, forging commercial and technological collaboration with Russia, holding an exhibition of innovative products in the fields of agriculture and strengthening the role of Iranian tech items in Uzbekistan’s market.
Iranian flag carrier airline's flights to the Swedish capital, Stockholm, and the European country's second-largest city, Gothenburg, have resumed after a three-week halt.
Yazd Regional Water Company annually draws one million cubic meters of water from groundwater sources to supply industries in Yazd Province, the company managing director said.
“We have problems allocating water to large industries due to the lack of resources in the province,” the Energy Ministry news portal quoted Mohammad Mehdi Javadianzadeh as saying.
“The best way to replace groundwater for industries is using treated wastewater. Such projects usually take at least three years.”
The declining pattern of groundwater levels in many regions has become a serious cause of concern.
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