Iran started testing its locally developed Covid-19 vaccine in a ceremony on Tuesday, injecting three volunteers in phase one human trials.
Iran started testing its locally developed Covid-19 vaccine in a ceremony on Tuesday, injecting three volunteers in phase one human trials.
The heads of the three branches of power convened on Monday to discuss ways of neutralizing sanctions.
Watershed management projects have been carried out for almost one million hectares in 10 flood producing provinces in 12 months, head of Flood Control and Watershed Management Department at the Forests, Range and Watershed Management Organization said.
“The organization plans to expand the projects by 800,000 hectares in next fiscal year (starts March) to protect and improve the quality of water and other natural resources within watershed boundaries,” Abolqasem Hosseinpour was quoted as saying by ILNA.
Costing $26 million, the plan was implemented in Golestan, Lorestan, Hormozgan, Bushehr, Ilam, Khuzestan, Kermanshah, Sistan-Baluchestan, Khorasan Razavi and Kohgiluyeh-Boyerahmad.
“The projects helped minimize flood damage caused by heavy rainfall in Dashtestan and Borazjan counties (Bushehr Province) in September” and need further funding.
Energy Minister Reza Ardakanian held talks with Iraqi officials in Baghdad on Tuesday including the Minister of Electricity Majid Mahdi Hantoush.
The two sides discussed issues of mutual interest, namely in the key energy sector. Ardakanian asked his Iraqi counterpart to clear debts related to gas and electricity export to Iraq, IRNA reported. The two sides also exchanged views on expanding cooperation in other economic sectors.
He also called on the Governor of Iraq Central Bank Mustafa Ghalib Makhif. The two men discussed ways and means for clearing the long delayed Iraqi debt to Iran.
Tehran stocks failed to maintain the previous session rally on Tuesday as jittery investors again rushed to the exits with more than 5 trillion rials ($20 million) in capital outflow. The main index of Tehran Stock Exchange, TEDPIX, lost 25,388 points, or 1.77%, to end trading at 1,411,824.
Stocks were choppy as most tickers began trade in positive mode in the early hours only to succumb later to sell-side pressure in big listed companies.
The equal weighted index was also down 0.8%. The index gives the same weight to all shares irrespective of their market cap.
The Joint Commission of Iranian Parliament on Tuesday agreed in principle to the budget bill of the next fiscal year (starting March 21) submitted by the government earlier in December.
A total of 278.22 million square meters of tiles and ceramic were produced in Iran during the first eight months of the current fiscal year (March 20-Nov. 20) to register a 4.5% decline compared with the similar period of last year’s output, data released by the Ministry of Industries, Mining and Trade show.
The average goods and services Consumer Price Index of “health and treatment” in the 12-month period ending Dec. 20, which marks the end of the ninth Iranian month, increased by 25.9% compared with last year’s corresponding period.
Petrochemical companies have increased the prices of raw materials used in producing polypropylene, because of which the product’s price is bound to rise, says Ahmad Abolhassani, the head of Printing House Owners’ Union.
Iran Chamber of Commerce, Industries, Mines and Agriculture’s Department of International Affairs is scheduled to hold a national forum titled “Economic Interaction Strategies with Silk Road Countries” on Jan. 7, 2021.
Home prices in Tehran have declined by 15% during the month ending Dec. 20, Mostafa Qoli-Khosravi, the head of Tehran Association of Realtors, said.
This is while, according to the latest report of the Central Bank of Iran on Sunday, prices in the capital city declined by 1.1% in the same month compared with the previous month, the Persian daily Shargh reported.
Over the nine months to Dec. 20, home deals in Tehran have increased by 72% year-on-year, Qoli-Khosravi added, noting this is because of market stability.
The Statistical Center of Iran has released a new report, reviewing the price changes in 53 food items during the month ending Dec. 20.
The biggest month-on-month price rise for a food item during the month under review in urban areas was recorded for watermelon with 61%. A kilogram of watermelon was sold at 39,726 rials (15 cents).
The second and third biggest month-on-month price increase during the period under review was registered for peaches with 48% and carrots with 40.3%, the Statistical Center of Iran reported.
A kilogram of peaches was sold at 179,223 rials (69 cents) and a kilogram of carrots went for 78,976 rials (30 cents).
Iran Insurance Company, the country’s largest insurance company and the only company owned by the government, signed an agreement with Razi Vaccine and the Serum Research Institute to provide insurance cover for volunteers taking part in the human trial of the Iran-made Covid-19 vaccine.
As per a press release published on the IIC website, the insurer will compensate possible losses and medical expenses of 650 volunteers. Iran on Tuesday started human trials of the locally-made vaccine in which 56 people were vaccinated in the first stage.
Minou Mohrez, a senior member of the National Coronavirus Headquarters’ Science Committee, announced earlier that an experimental vaccine will be tested on volunteers between the ages of 18 and 50 who had not been infected by the novel coronavirus.
The Economy Minster Farhad Dejpasand says most of the properties divested by the government have merely resulted in change in ownership and in practice the government continues to exercise control over them.
In a talk with the semi-official Tasnim News Agency, Dejpasand in a rare rebuke took issue with divestment schemes in which the government transfers ownership in lieu of its ballooning debts.
Transferring government ownership of state companies in exchange for repaying debts account for 15% of the total government's divestment. This cannot be considered privatization per se, he said.
"Divesting assets in lieu of debts did not result in the reorganization of management because the majority of government assets were transferred to legal entities, which directly or otherwise, are indirectly controlled by the government. Almost 15% of the divestments were made in this manner. This is an economic plague.”
The Central Bank of Iran's decision to exercise stronger control of the balance sheets of banks and credit institutions will hinder their functions, the CBI vice governor for supervisory affairs said.
It had earlier announced plans to monitor the balance sheets at regular intervals of three months. Farhad Hanifi said by increasing oversight the regulator does not need to create any obstruction on banking activities.
"Banks are not going to be encumbered to grow [by monitoring their books]. We are sending a signal that we are watching their performance, particularly regarding issues that the CBI is highly sensitive about," he was quoted as saying by the IBENA, the news agency affiliated to Monetary and Banking Research Institute.
The average goods and services Consumer Price Index of “health and treatment” in the 12-month period ending Dec. 20, which marks the end of the ninth Iranian month, increased by 25.9% compared with last year’s corresponding period.
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