Iranian officials extended their sympathy to the people of Lebanon over the death and injury of thousands in a massive warehouse explosion in Beirut on Tuesday and expressed Iran’s readiness to provide assistance.
Iranian officials extended their sympathy to the people of Lebanon over the death and injury of thousands in a massive warehouse explosion in Beirut on Tuesday and expressed Iran’s readiness to provide assistance.
Return to normality and the “defeat” of the coronavirus pandemic is not feasible during the next months, an Iranian health official said, pointing out that the only solution in the short term is to slow the viral infection.
Ambassador of the Republic of Korea to Tehran Ryu Jeong-hyun has explained the mechanisms established by Seoul for conducting humanitarian trade with Iran amid the United States’ sanctions.
“Against the backdrop of such developments, the Korean government, therefore, proceeded to establish mechanisms for humanitarian trade with Iran, so that Iran could import medicine and food in the midst of the new situation,” Ambassador Ryu told Financial Tribune.
National Iranian Gas Company’s annual gas output will increase by at least 22% by 2021, head of the state-run NIGC said.
“Total natural gas production amounted to 270 billion cubic meters in 2019 and is projected to reach 330 bcm in fiscal 2021,” Hassan Montazer-Torbati, was quoted as saying by ILNA.
Referring to ongoing operations in the giant South Pars Gas field, he said that phases 13 and 14 hook up operations, delayed due to problems created by the coronavirus, are being completed gradually and once operational, the two phases will add 30 million cubic meters of gas per day to gas output capacity.
Moreover, phases 22-24 will be fully operational by March 2021 and produce 30 mcm of gas.
Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence about a potential pickup in fuel demand.
An estimated 90% of the renewable water resources in Markazi Province is consumed in the agriculture sector, managing director of Markazi Regional Water Company said.
This is while, a large part of the water used for farming is wasted due to old and inefficient irrigation systems used by farmers. “The efficiency of flood irrigation is barely 30% with 70% wasted,” ISNA quoted Ezatolah Ameri as saying.
Natural renewable water resources are the total amount of a regions water resources, both surface water and groundwater, which is generated through the hydrological cycle. The amount is computed on a yearly basis.
Domestic production meets almost 40% of Iran's demand for stationery products, according to the CEO of Iranian-Islamic Stationery Association.
"Domestic share was 20% eight years ago. Since then Iranian producers increasingly made forays into the market to produce varieties of stationery to suit the home market. In terms of quality, our stationery can compete with foreign products,” Mohammad Yaqini was quoted as saying by the Persian-language economic newspaper Donya-e-Eqtesad.
Iran’s stationery market’s annual turnover now is about 60 trillion rials ( $257 million).
Iran’s 21 major ports handled 38.41 million tons of goods in the first four months of the current fiscal year (March 20-July 21) -- down 28.06% compared to same period last year.
According to figures published by the Ports and Maritime Organization of Iran, non-oil goods accounted for more than 25.15 million tons of the total throughput, which was 34.35% down year-on-year. The remaining 13.26 million tons were oil products, registering 12.06% decline.
Container loading and unloading decreased by 39.7% reaching 425,899 TEUs.
Close to 16.48 million tons of goods were exported and over 10.49 million tons imported, registering a 33.14% and 8.98% decline respectively YOY.
The Middle East is more affected by the coronavirus than any other region in the world. The global economy is projected to shrink by 2% and the Middle East by 11%.
Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration said some Afghan transportation companies and truckers have closed the return route of Iranian trucks at the Milak border crossing to challenge a decision by Sistan-Baluchestan Provincial Security Council.
Gold coins recorded further increase on Wednesday with another 2.8% growth in prices compared to the previous day's close.
Tehran’s share market strengthened above the critical 2 million points gaining another 39,142 points at the close of trading week on Wednesday.
The TSE benchmark closed the session at 2,034,186 points and gained 1.96% thanks to the large-cap stocks.
The equal-weighted index gained less and closed 0.80% higher, indicating that investors are again moving toward blue chips because their prices are perceived to be attractive enough after a correction phase.
Demand rose particularly for refinery ticker symbols after they lost an average 15% in the past few sessions.
The Majlis will debate a government-proposed bill based on which companies listed in the stock market can raise capital via share premium.
Share premium is the difference in price between the par value, or face value of shares, and the total price a company received for recently-issued shares.
Also called capital surplus, share premium cannot be used for distributing dividends or any other payouts and can only be used for whatever has been expressly laid out in the company's bylaws. A share premium account appears in the shareholders' equity section of the balance sheet.
The government so far has generated 500 trillion rials ($2.2 billion) from Islamic bonds in ten weekly auctions held by the Central Bank of Iran every Tuesday since early June.
The auctions are intended to raise funds for government spending amid deep declines in national revenue and the perennial budget deficits.
In a press release published on the its website, the CBI said banks were the main purchasers of the bonds and bought 361 trillion rials (1.5 billion), accounting for 72.4% of the total bond sale.
After banks, retail and institutional investors in the stock market were buyers of bonds worth 112 trillion rials, or 22.5% of the total. Finally investment companies bought bonds valued at 25 trillion rials.
Iran’s auto industry was in a hopeless and failing platform even before Donald Trump imposed tough new economic sanctions in 2018 after getting out of Iran’s historic nuclear agreement.
As expected, the US penalties disrupted and gradually cut off the supply of raw materials and auto parts on a massive scale. Foreign carmakers and part suppliers walked away from the lucrative market fearing Washington’s ire.
Multifarious solutions have been proposed by authorities to minimize the negative impact of the US president’s open animosity and ‘economic war’, namely against Iran’s major industries. The proposals have produced nothing of essence, save for car prices going through the roof!
The Ministry of Industries is in charge of regulating the loss-making car making industry. Over the years (decades), the ministry’s thick ties with the undeserving sector and vested interests of some state actors has impeded efforts for real reform.
Corruption scandals running into the hundreds of millions of dollars have been exposed further tarnishing the auto sector’s public image. The scandals have made economic experts and informed observers wonder whether the paralyzed industry has a future.
Turkey has suspended all flights to Iran and Afghanistan until Sept 1 despite its previous announcement that flights between the two countries for passengers who hold Turkish citizenship or permanent residency will resume on August 4, the secretary of the Association of Iranian Airlines, Maqsoud Asadi-Samani told Fars News Agency.
The global death toll from the coronavirus surpassed 700,000 on Wednesday, according to a Reuters tally, with the United States, Brazil, India and Mexico leading the rise in fatalities.
Over 271 million people in the world do not live in the country in which they were born. These people, called international migrants, represented 3.52% of the world’s population in 2019. There were 1.9 million migrants worldwide originally from Iran in 2019. Iranians accounted for 0.7% of the total population of migrants. Iran’s population was 82.9 million in 2019 and 2.29% didn’t live in their homeland, the United Nations says.
According to 'Iran Migration Outlook 2020', recently published by Iran’s Vice-Presidency for Science and Technology, the population of Iranian migrants has increased from 819,936 in 1990 to 1,937,048 in 2019.
Over the same period, the world migrant population rose from 153.01 million to 271.64 million. The share of Iranians from the total population was 1.45% in 1990 compared with 2.29% in 2019. Over the same period, the share of migrants from the total population of the world increased from 2.86% to 3.52%.
The diet of Iranians is changing. Results of a survey conducted by the Iranian Students Polling Agency this year (started in March) shows 4.3% of Iranian household ate red meat on a daily basis last year compared to 2.7% of respondents of the survey conducted by ISPA in the month leading to June 21, 2019.
Of 1,575 respondents to the telephone survey, 40.2% said they ate red meat few times a week compared with 34.9% in the previous round. Some 32.8% said they consumed red meat several times a month compared to 43.4% during the year before; 14.4% ate red meat several times a year compared with 14.2% in the preceding year and 8.2% said they did not consume red meat at all last year compared to 4.7% in the previous year.
On consumption of chicken among Iranian households, the survey found 4.4% ate chicken every day in the past year compared to 4.2% previously, 62% several times a week compared with 74.8% in the year before, 28.4% several times a month compared with 17.7% in the preceding year, 3.7% several time a year compared with 1.8% in the previously; and 1.3% said they did not consume chicken at all last year compared to 1.2% in the previous year.
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