Significant progress has been made in the negotiations in Vienna aimed at restoring the Iranian nuclear deal, but the West is trying to retroactively change the Joint Comprehensive Action Plan, Russian Foreign Minister Sergey Lavrov said.
Significant progress has been made in the negotiations in Vienna aimed at restoring the Iranian nuclear deal, but the West is trying to retroactively change the Joint Comprehensive Action Plan, Russian Foreign Minister Sergey Lavrov said.
The highly contagious Delta variant of the coronavirus, first identified in India, has spread across Iran and triggered a jump in cases and hospitalizations, the National Coronavirus Headquarters announced.
Israel’s Prime Minister Naftali Bennet on Thursday said Israel is determined “to prevent Iran from having nuclear military capabilities.”
Tehran’s housing Consumer Price Index in the 12-month period ending May 21, which marks the end of the second Iranian month, increased by 84.1% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on April 20, at 81.5%.
The housing inflation for the month under review (April 21-May 21) registered a year-on-year increase of 71.8% compared with the similar month of last year. The year-on-year inflation of the month ending April 20 was 82.6%.
The housing CPI (using the Iranian month to April 19, 2016, as the base) stood at 711.6 for the month ending May 21, indicating a 3% increase compared with the previous month.
During the month ending April 20, the housing CPI stood at 690.7, registering a 0.1% rise compared with the previous month.
Foreign exchange rates in Tehran started the week without fanfare as the market takes a wait-and-see approach given the uncertainty surrounding the extended nuclear talks in Vienna and the government's policy toward the forex market under the administration of President-elect Ebrahim Raisei.
The Trade Promotion Organization of Iran gave export incentives to the tune of 33 trillion rials ($132 million) to 200 plus companies, the TPO chief said.
Hamid Zadboum said the support was in the framework of a government-backed package to boost non-oil export in the last fiscal that ended in March.
The funding was made available from the National Development Fund of Iran, the sovereign wealth fund, and partially from banks.
“The entire package was worth 40 trillion rials ($159 million), half of which was procured from the NDFI and the other half from banks,” Zadboum was quoted as saying by IRIB.
The nationwide electronic payment network, known as Shaparak, handled 3.3 billion transactions worth 5,527.27 trillion ($22.1 billion) during the third month of the current fiscal ending June 21.
Data published on the Shaparak website indicate the transactions jumped 9.53% in volume and 15.12% in value compared to the month before.
In comparison to the corresponding month last year, the value of transactions was up 42.22%. The transactions grew 21.13% y/y. The annual increase in transactional value was partly due to galloping inflation. Taking inflation into account the transactions declined y/y.
Tehran stocks bucked a rising trend on Saturday that lasted for 10 sessions in a row as sell-side pressure mounted again in most large caps.
The benchmark of Tehran Stock Exchange, TEDPIX, shed 10,866 points or 0.86% to retreat to 1,246,111. Consecutive rallies pushed up the TEDPIX by 3.6% in the previous trading week. Compared to its low on May 24, the index has surged almost 15%.
Referring to chart patterns and technical analysis, market observers say the benchmark is nearing a resistance level, where investors prefer to sell shares to save gains.
Blue chips and small caps contributed the most to the share market downswing. This was seen in the 1.7% decline in TSE-30 Index, which tracks the performance of top TSE-listed companies in terms of market capitalization.
Iran’s automotive output decreased by 1.14% during the first three months of the current Iranian year (March 21-June 21) compared to the year-ago period.
According to data released by Securities and Exchange Organization on Codal.ir, 200,828 sedans were produced by three major automakers, Iran Khodro Company (IKCO), SAIPA and Pars Khodro, during the three months. In last year’s corresponding quarter, the figure was 203,160.
IKCO’s output rose to 96,678, which is 0.1% higher year-on-year. Peugeot models had the lion’s share with 69,077 cars during the period and Dena was IKCO’s second most popular model with 12,479 units.
SAIPA produced 79,520 vehicles during the three months, marking a meager rise of 0.02% YOY. Tiba models topped the company’s production chart with 39,586 units.
The only output downtrend was registered by Pars Khodro, with a 9.23% fall, as it produced 24,630 vehicles during the first quarter compared to 27,136 in the year-ago period.
The production rate of automakers in the month ending June 21 has also declined, falling by 1.07% compared with the year-ago month when 85,903 units were produced.
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