Health Minister Saeed Namaki on Sunday announced that the first batch of Covid-19 vaccines will arrive in Iran in a matter of days.
National
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01/25/2021 -
01/25/2021US President Joe Biden has announced his willingness to return to the 2015 Iran nuclear deal and Iranian President Hassan Rouhani has also expressed readiness to return to the deal, stating that “Iran could come into compliance with the agreement within an hour of the United States doing so”.
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01/25/2021A group of 43 former Iranian diplomats has released a statement outlining the Islamic Republic’s expectation of the new United States’ administration regarding the 2015 nuclear deal.
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01/25/2021A senior diplomat said Iran has had no contact with the administration of new US President Joe Biden, stressing that any possible talks could only be held within the “right format” of the 2015 multilateral nuclear agreement signed between Tehran and major powers.
Energy
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01/25/2021Iran set the highest record of oil products export during the past three years when the country was under tough sanctions imposed by the former US administration, the Oil Minister said at the opening ceremony of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition in Tehran January 22.
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01/25/2021The state-run Power Generation, Distribution and Transmission Company’s (Tavanir) is to sign contracts with industry owners to shift consumption from peak (11 pm to 7 am) to off-peak hours, head of the company said.
“The measure was a success in summer and the same approach should be adopted in winter to avoid power cuts,” Mohammad Hassan Motavalizadeh said, IRNA reported.
Drawing parallels with last winter, he noted that daily power consumption has risen 5% (40 million kilowatt hours/d) to 840 million kilowatt hours.
Of the total increase 3% is by industries with their outdated equipment taking a toll on the national power grid, Motavalizadeh said. “If they (industries) shift consumption to non-peak hours close to 50,000 kilowatt hours of power can be saved per day and help curb sporadic power outages.” -
01/25/2021Natural gas output has reached 1 billion cubic meters per day, managing director of the National Iranian Gas Company said Saturday.
"Iran is a major gas producer and daily output now is the equivalent of six million barrels of oil per day,” the Oil Ministry news agency Shana quoted Hassan Montazer Torbati as saying.
"With falling temperatures gas consumption in the domestic sector has surpassed 600 million cubic meters a day. Almost 130 mcm is used daily by power plants," he said.
Domestic Economy
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01/25/2021A total of 165,000 tons of tropical fruits, including mangoes, bananas, sapodilla, guavas and papayas, have been produced in Iran since the beginning of the current Iranian year on March 20, 2020, according to an Agriculture Ministry official, Zahra Jalili-Moqaddam.
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01/25/2021A total of 12,530 tons of different kinds of sprat were harvested from the northern Caspian Sea during the first nine months of the current Iranian year (March 20-Dec. 20, 2020), according to the director general of Fish Harvest Bureau of Iran Fisheries Organization.
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01/25/2021Iranian aluminum producers had a total output of 325,223 tons of ingots during the first nine months of the current Iranian year (March 20-Dec. 20) to register a 66% rise compared with the corresponding period of last year.
According to the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), flagship producer Iran Aluminum Company (IRALCO) accounted for the highest portion of total output with 140,640 tons, unchanged compared with the same period of last year.
IRALCO is the top producer of aluminum in Iran. Inaugurated in 1972, the plant has an annual production capacity of 180,000 tons.
It was followed by Almahdi Aluminum Company with 119,688 tons, up 106% YOY, South Aluminum Company (SALCO) with 47,077 tons and Iran Alumina Company with 17,817 tons.
The overall output during the month to Dec. 20 amounted to 38,774 tons, indicating a 55% rise YOY. -
01/25/2021A total of 20,000 new jobs were created by 1,160 economic enterprises in Iran’s industrial towns in the current fiscal year (March 2020-21), Ali Rasoulian, the managing director of Iran’s Small Industries and Industrial Parks Organization, says.
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01/25/2021Iran produced 39,700 tons of porcelain dishes during the first nine months of the current Iranian year (March 20-Dec. 20, 2020), showing a 10.9% decline compared with the similar period of last year, according to the latest report released by the Ministry of Industries, Mining and Trade.
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01/25/2021There are 100 buildings in Tehran with conditions similar to Plasco – a high-rise commercial tower in Tehran that burned down in 2017, half of which were shut down after the incident but the rest are still being used, the head of Construction Engineering Organization said.
Ahmad Khorram also told IRIB News, “One thousand buildings, including 30-40 residential and commercial units and 30,000 to 40,000 residential and commercial units, are at high risk of catching fire.
The 17-storey Plasco commercial tower on Jomhouri Street, Iran’s oldest high-rise and an iconic structure in downtown Tehran, built in 1962, caught fire on Jan. 19, 2017, and was destroyed completely. In the incident, sparked by an electrical short circuit, 16 firefighters and four civilians lost their lives, while some 70 people suffered injuries. -
01/25/2021A total of 4 million tons of essential goods were imported during the 10 months ending Jan. 19, an official with the Government Trading Corporation of Iran said.
“Since the beginning of the current Iranian year [March 20, 2020], 194 vessels carrying essential goods docked and were unloaded at ports of the country. Imam Khomeini Port located in the southern Khuzestan Province accounted for 45% of imports, Bandar Abbas, a southern port city in Hormozgan Province, constituted 31%, and Chabahar in Iran's Southeastern Province of Sistan-Baluchestan accounted for 17% of total imports; the remaining volume entered the country via northern ports,” Amir Talebi was also quoted as saying by IRNA recently.
Also known as necessity goods, essential goods are products consumers will buy, regardless of changes in income levels. -
01/25/2021Tehran Province has attracted $29 million in foreign investment since the beginning of the current Iranian year (March 20, 2020).
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01/25/2021The average goods and services Consumer Price Index of “clothing and shoes” in the 12-month period ending Jan. 19, which marks the end of the 10th Iranian month, increased by 35.3% compared with last year’s corresponding period.
Business & Markets
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01/25/2021A sharp rally in the early hours of stock trade on Sunday gave way to sell-off in most ticker symbols as investors rushed to sell and save past gains.
The main index of Tehran Stock Exchange, TEDPIX, gained close to 28,000 points in early trade but reversed later as sell-side pressure mounted in some blue chips and large caps.
TEDPIX pared much of early gains and closed 12,487 points higher to stand at 1,234,557 up 1%. The equal-weighted index, however, crept into negative territory pulling down the index by 0.64%. -
01/25/2021The state-owned Bank Sepah, with which five military banks merged recently, may face difficulty maintaining its balance sheet, CEO of the bank said.
Discussing the "complex" merger process with the Majlis Economic Commission, Mohammad Kazem Choqazardi solicited help from the legislature, the government and the central bank if the major lender encounters a credit crunch in the post-merger period.
"Merging five banks with Sepah has impacted our balance sheet. We hope to be able to compensate potential liquidity shortages," he was quoted as saying by Bank Sepah website. -
01/25/2021
The Central Bank of Iran has instructed lenders to channel more resources into investment funds.
The new directive is backed by an earlier decision by the High Council of Securities and Exchange, the top stock market policymaker, to lift the struggling market.
The bylaw allows banks to play a bigger role in investment funds and own shares in investment banks, according to IBENA, the news agency affiliated to the Monetary and Banking Research Institute.
Science and Technology
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01/25/2021An Iranian knowledge-based company has indigenized aviation technologies for conducting repairs and supplying devices to support domestic aviation industries amid US unilateral sanctions.
Called Simorgh Aviation Maintenance of Iran (Samir), the company started developing components for the maintenance and overhaul of aircrafts in 2016 in Garmdarreh district, southwest of Tehran, the Vice Presidential Office for Science and Technology reported on its website.
On Saturday, Vice President for Science and Technology Sorena Sattari visited different sections of the company and reviewed the firm’s accomplishments.
By gaining expertise over the past few years, Samir has steadily expanded its activities from general maintenance of planes and helicopters to repairing a variety of hydraulic, pneumatic, avionic and electric components, plus safety equipment, batteries and wheel brake system.
Samir is the first Iranian aviation unit to have established separate overhaul labs for pneumatic and hydraulic components, the company said. In these laboratories, technicians test Skydrol 500B-4 fire-resistant aviation hydraulic fluid and repair evacuation slides, life vests, capsule-type fire extinguishers, emergency oxygen system and brake system components.
