Iran’s new ambassador in London said he will try to manage the bilateral relations with the United Kingdom in a logical manner and with realistic approach.
Iran’s new ambassador in London said he will try to manage the bilateral relations with the United Kingdom in a logical manner and with realistic approach.
The Atomic Energy Organization of Iran has initiated operations for the production of 20% enriched uranium metal to be used in the Tehran Research Reactor, according to a senior nuclear official.
Iran’s top diplomat on Wednesday told representatives of the Afghan government and the Taliban that Iran is prepared to help the war-ravaged country settle conflicts and establish peace and stability.
There are no plans to announce restrictions on water use this summer in Tehran Province, the head of Tehran Water and Wastewater Company said.
"The company has forecast water consumption to soar over the next two summer months. Nonetheless, there are no plans to ration water anywhere in the province," ISNA also quoted Mohammad Reza Bakhtiari as saying.
Blaming recent power cuts for disruptions in water supply or lower water pressure in some areas, he noted that a part of water in the province is extracted from deep wells with the help of pumps that are not equipped with diesel generators.
However, the official did not elaborate on the reason for not rationing water in Tehran Province.
The desalination unit of Shahid Salimi (Neka) Power Plant in Mazandaran Province was launched on Tuesday to help reduce the use of depleting groundwater resources.
Constructed by domestic engineers and water experts, the facility has a capacity to produce 6 million liters of water per day from Caspian Sea, the Energy Ministry’s news portal Paven reported.
Located 25 km north of Neka City, the 2,700-megawatt thermal plant is one of the largest in Iran. It has a steam unit, four steam turbines, a combined-cycle power facility and a gas unit. The plant started work in the early 1980s.
Three people were killed and four injured on Tuesday in an oil pipeline explosion in southwestern Khuzestan Province, the head of the Iranian Central Oil Fields Company, a subsidiary of the National Iranian Oil Company, said.
Amir Kabir Petrochemical Plant in Mahshahr, Khuzestan Province, registered a 10-fold profit increase in the last Iranian year (March 2020-21) compared to the year before, managing director of the company said.
The foreign currency allocated to the supply of essential goods in the current fiscal year (2021-22) isn’t commensurate with the estimated demand for these goods.
According to Mohammad Mehdi Nahavandi, a member of the Iranian Association of Livestock and Poultry Feed Importers, the sharp decrease in domestic production of livestock feed due to the unprecedented drought, along with a 30-40% increase in the global prices of animal feed, shows that resources earmarked for the supply won’t meet domestic demand.
“On the other hand, bureaucratic procedures needed to be completed for the supply of animal feed have coincided with the transition of government and all these have resulted in the relative shortage of animal feed. The persistence of the current situation portends the worsening of problems in the future,” he was quoted as saying by Fars News Agency.
The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold three specialized courses.
Migration from cities to rural areas outweighed rural-to-urban migration from the Iranian years ending March 2018 to March 2020.
According to Alireza Zahedian, the head of the Centre of Statistics of the Ministry of Cooperatives, Labor and Social Welfare, the number of people moving from cities to rural areas stood at 49,853 in the year ending March 2018, 46,788 in the year ending March 2019 and 50,216 in the year ending March 2020.
“Urban-to-rural migration accounted for 65.4% of total migration in the year ending March 2020,” he was quoted as saying by Mehr News Agency.
The seasonal ban imposed on rice imports will be lifted in the current Iranian year (started March 21) as per the decision of Market Regulation Headquarters affiliated with the Ministry of Industries, Mining and Trade.
The headquarters took the decision after taking into account this year’s estimated domestic production, imports and market conditions, Mehr News Agency reported on Tuesday.
The Market Regulation Headquarters has announced that the measure will be taken to ensure the country’s demand for the staple grain is met.
Iran’s polymer industries have a production capacity of 20 million tons, of which close to 15 million tons (around 75%) are not being used, which has had negative effects on Iran’s export potential, according to the head of board at the National Association of Polymer Industries.
The Cabinet decided on Wednesday that all government offices and organizations be closed on Thursdays until Aug. 22 due to power shortage and the need to supply electricity to essential sectors such as households.
Iran’s polymer industries have a production capacity of 20 million tons, of which close to 15 million tons (around 75%) are not being used, which has had negative effects on Iran’s export potential, according to the head of board at the National Association of Polymer Industries.
The government sold bonds worth 5.8 trillion rials ($23 million) at the weekly auction held by the Central Bank of Iran on Tuesday.
Buyers were mainly from interbank market while investors in the stock market playing a peripheral role, according to a CBI press release.
An unnamed bank was the sole buyer that put in a bid worth 5.6 trillion rials. The bonds mature in October 2022 at 21%. There were no buyers for bonds with longer maturities.
In the auctions investors must put in bids for a minimum of 500 bonds each at par value of 1,000 rials via the interbank platform managed by the CBI as well as the trade platform of the Tehran Securities Exchange Technology Management Company.
After eking out a robust gain in the earlier session, the benchmark of Tehran Stock Exchange paused on Wednesday and closed slightly above the flatline.
Check payments have improved in the past three months after the new check law came into effect, said an official with Central Bank of Iran.
Launching a regulatory sandbox is on the agenda of the Central Bank of Iran for promoting financial technology, the CBI deputy governor for innovative technologies said.
Industrial and tech sectors in Shiraz, the provincial center of Fars, have entered the race for electric vehicle development, hoping to curb air pollution and fuel consumption.
During a Tuesday event, the head of local automaker Khodro Sazan Jonoub Company, Siamak Hojjat, the head of Shiraz’s Industries, Mining and Trade Organization, Hamidreza Izadi, and Rouhollah Azizi, the head of Iranian Telecommunications Manufacturing Company, signed an agreement to produce an EV prototype, named Oxygen, by September, ISNA reported.
Based on its draft design, Oxygen will be equipped with an 8.6-kilowatt domestically-made battery and a control system that makes it suitable for plying in Iran’s arid and semi-arid landscape.
“The vehicle will be over 80% localized as the key electric components will be produced by ITMC,” Hojjat said, noting that the project is able to create thousands of direct jobs in Shiraz.
United States Treasury Secretary Janet Yellen will press Group of 20 (G20) counterparts this week for a global minimum corporate tax rate above the 15 percent floor to which 130 countries agreed last week, but a rate decision is not expected until future phases of negotiations, US Department of the Treasury officials said on Tuesday.
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