President Hassan Rouhani said Tehran and Bern can boost bilateral cooperation to an appropriate level through increased activities by the economic and financial committees formed by the two countries.
President Hassan Rouhani said Tehran and Bern can boost bilateral cooperation to an appropriate level through increased activities by the economic and financial committees formed by the two countries.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said words and promises about the 2015 nuclear deal are meaningless to Iran and it is only actions that count this time.
The head of the International Atomic Energy Agency, Rafael Grossi, is set to visit Iran on Saturday to discuss Tehran’s new decision about inspections agreed under the 2015 nuclear deal.
Rainfall in Iran's six main catchment areas has plunged 40% since the beginning of the current water year in Sept. 2020.
Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week caused by a winter storm in Texas.
A massive explosion at Iran’s Dogharoun border terminal with Afghanistan in Khorasan Razavi Province has cut off electricity export to the neighboring state since Saturday, a spokesman for the state-run Power Generation, Distribution and Transmission Company (Tavanir) said.
"Power export infrastructure including some transmission pylons were damaged in the blast," Mostafa Rajabi Mashhadi was quoted as saying by Bargh News.
A fierce fire started after a fuel tanker exploded in a parking lot on the Afghan side of the border [Islam Qala crossing in Afghanistan’s Herat Province].
According to Herat health officials, at least 15 people were killed and 30 wounded in the fire, and many of the more than 500 trucks lined up at the Islam Qala crossing carrying natural gas and fuel were ablaze.
Lordegan Petrochemical Company in Chaharmahal and Bakhtiari Province has exported its first ammonia shipment to Turkey, managing director of the complex said Tuesday.
“The 2,500-ton cargo has been exported to the neighbor and the first urea cargo from LPC will be exported soon,” ISNA quoted Mohsen Mahmoudi as saying.
“With annual production capacity at 670,000 tons of ammonia and 1 million plus tons of urea, the complex is the sixth petrochemical company in Iran set up by domestic engineers,” he said.
The Education and Human Resources Institute (ITECC), affiliated with the Tehran Chamber of Commerce Industries, Mines and Agriculture, is scheduled to hold six specialized courses on management and trade.
The first course titled “Human Resources Management” is scheduled to begin on Feb. 17 and classes will be held on Mondays and Wednesdays from 3-7 p.m. Topics such as ways of empowering human resources, qualifications of managers, job categorizations, ways of compensating employees’ services and recruitment procedures are to be covered, the news portal of TCCIM reported.
A second course titled "Training Professional Heads of Office” is scheduled to start on Feb. 17 will run for 12 hours. Classes will be held on Saturdays and Wednesdays from 3-6 p.m. Topics to be covered include how to write a resume, making the best impact in a job interview, bureaucratic procedures, administering meetings, time management and computer skills.
East Azarbaijan has the largest share of mineral reserves among Iranian provinces, says Habib Aminzadeh, the head of Industries, Mining and Trade Organization of the northwestern province.
“East Azarbaijan’s mineral resources amount to 8.5 billion tons. It possesses 31 out of 57 types of minerals identified in the country. There are 13 copper mines, eight gold mines, seven iron ore mines and three nepheline mines in Sarab, Kaleybar and Azarshahr [counties of the province],” he added.
“The province has identified 735 mines, of which 400 are operating with 12,612 workers. East Azarbaijan comes second in terms of the highest rate of employment in the country,” he was quoted as saying by IRNA.
Notably, East Azarbaijan is home to 30 steel production units and has annual steel exports of over $100 million.
A total of 80 trillion rials ($310 million) have been injected by Bank Maskan, the state agent bank of the housing sector, in the National Housing Initiative, the government-sponsored affordable housing project, Mahmoud Shayan, the bank’s CEO, says.
Noting that financing the housing project is one of the key items on Bank Maskan’s agenda this year, the official said, “The bank is tasked with financing 140,000 out of 400,000 residential units that are scheduled to be constructed under the initiative. Qualified applicants are required to open bank accounts with Bank Maskan and make an initial deposit of 400 million rials [$1,551]. The bank will then grant 1 billion rials [$3,878] in financial facilities for the construction of the residential property.”
“Thus far, 202,000 people have registered in this system and more than 50 trillion rials [$193.94 million] have been deposited by the applicants. In return, Bank Maskan has paid 30 trillion rials [$116.36 million] from its loan resources. Bank Maskan will contribute a total of 140 trillion rials [$543.05 million] to the project, i.e., 1 billion rials per residential property,” he was quoted as saying by the news portal of the Ministry of Roads and Urban Development.
The Islamic Republic of Iran Shipping Lines ranks 15th in Alphaliner’s rankings of prominent carriers in its Feb. 16, 2021, report, with a consolidated capacity of 151,706 TEUs.
IRISL was placed between Korea Marine Transport Company (KMTC Line) with a capacity of 161,367 TEUs and China-based Antong Holdings Company with a capacity of 144,316 TEUs.
IRISL operates a total of 47 vessels: 43 owned and four chartered ones. Its own and chartered capacities stand at 93,674 TEUs and 58,032 TEUs, respectively while its global market share is at 0.6%, Fars News Agency reported.
Among top 100 Iranian companies, IRISL is ranked 26th in terms of sales and revenues in the current fiscal year (ending March 20), registering an improvement of five places compared with last year.
IRISL Group ranks first in Iran’s transportation industry.
Supplying cheap food to urban consumers has been the dominant paradigm of policymaking in Iran, which has neglected rural producers, says Hamed Najafi-Alamdarlou, a faculty member of Tarbiat Modares University.
What follows is a translation of his write-up for the Persian-language economic daily Donya-e-Eqtesad:
Iran’s dependency on the import of agricultural essential goods in recent decades has led to the allocation of huge sums of foreign currency reserves to these imports. On the other hand, the lack of optimization of resources and price control have increased the appeal for imports and reduced local farmers’ contribution to meeting local food needs.
The benchmark of Tehran Stock Exchange extended a losing streak into a third day at the close of trading week on Wednesday.
TEDPIX, the TEDPIX's main gauge, finished trade 0.6% lower, shedding 7,385 points, to close the session at 1,238,397 points.
As seen in the past three sessions, the market-cap weighted TEDPIX was dragged down mainly by a selloff in large caps.
Outstanding loans in Iran’s banking system outpaced deposits in the month ending Nov. 20, making the gap between paid loans and banking deposits to grow for the fourth month in a row.
That is evident from the relatively significant increase in loan to deposit ratio (LDR) during the month, according to latest data released by the Central Bank of Iran.
LDR rose to 81.3%, 2.5 percentage point higher than the figure reported in the same month of last year. It was also 1.9% higher compared with the beginning of the current fiscal year (March, 20).
The ratio is used to assess a bank's liquidity by comparing total loans to total deposits for a specific period and is expressed in percentage.
Major Iranian holding companies are allowed to buy the so-called Justice Shares via block trade, said the head of Central Securities and Depository of Iran.
Results of the recent bond auction held by the Central Bank of Iran indicate the declining share of banks and credit institutions in bond sale while stock market investors and security underwriters contributed more.
In the weekly bond auction held on Tuesday, bonds worth 23.6 trillion rials ($94 million) were sold to investors with zero contribution from banks.
The main buyers were security underwriters who bought bonds worth 20 trillion rials ($80 million), accounting for more than 85% of the total.
Iran’s quality watchdog has given five out of five stars for the first time to a sedan made by a leading domestic automaker Iran Khodro.
Iran Standards and Quality Inspection Company’s website has released its latest report on the quality of domestically-produced cars. The vehicles were surveyed during the Iranian month ending Jan. 19.
ISQI is a private enterprise working on contract with the Ministry of Industries, Mining and Trade.
The report classifies the cars in five price ranges, from the cheapest costing 870 million rials ($3,385) to the most expensive costing around 10 billion rials ($38,910). The company quotes the vehicles’ factory price, while the vehicles are sold in the open market at a much higher price.
The vehicles are then ranked from one, representing the lowest quality, to a maximum of five starts.
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