The new school year started in Iran on Saturday morning as the Covid-19 pandemic compelled most pupils to stay at home for the beginning of the semester.
The new school year started in Iran on Saturday morning as the Covid-19 pandemic compelled most pupils to stay at home for the beginning of the semester.
The Foreign Ministry spokesman reiterated Tehran’s resolve to engage in only results-oriented talks on ways to revive a nuclear deal it reached with world powers in 2015, saying it is high time for the United States, which unilaterally abandoned the agreement, “to wake up to new reality.”
Mobarakeh Steel Company, the largest steel company in Iran and the wider Middle East and North Africa region, is the first industrial complex that has replaced freshwater with reclaimed wastewater in Isfahan Province, the head of the company’s Operations Department said.
“The company has set up a 500-km wastewater network, equipped with 14 pumping stations, to collect and transfer 12 million cubic meters of sewage per year from nine small towns, including Mobarakeh, Lenjan, Dizicheh, Zibashahr, Talkhouncheh and Sadeh, to a wastewater treatment plant in the complex,” Hamidreza Khosravani was also quoted as saying by ILNA.
Costing $40 million, the plan has helped the company reduce its extraction from depleting groundwater resources by 45%, he added.
The construction of Konjancham Dam in Mehran County, Ilam Province, has registered 85% progress and the budget to complete the project will be allocated soon, Ali Akbar Mehrabian, the new energy minister, said.
“A part of the project remained incomplete since the past few years due to financial problems. However, with the order of President Ebrahim Raeisi, the required fund will be provided so that it can be completed in the near future,” the minister was quoted as saying by Energy Today website.
The dam in the western province has a reserve capacity of 85 million cubic meters. So far, $15 million have been invested on its construction and an additional $5 million are needed to complete the project.
Iran’s home appliance and kitchen utensil exports, mainly to Iraq and Afghanistan, stand at $300 million annually, according to the director general of Trade Promotion Organization of Iran's Arab and African Affairs Department
“Evaporative coolers, water heaters, porcelain and glassware are among the most important exported products to Iraq,” Farzad Piltan was also quoted as saying by IRNA.
He noted that the most important problem in the export of Iranian home appliances to Iraq includes the presence of strong competitors in terms of quality and price, as well as clean energy standards in the field of large- and medium-sized home appliances and weakness in the marketing of home appliances.
A total of 52,800 tons of red meat were produced in official slaughterhouses during the month ending Aug. 22 to register a 43% rise compared with the similar month of last year.
Meat output witnessed a 2% month-on-month decline.
Iran’s bid to become a full member of the Shanghai Cooperation Organization dates to one year after it received observer status in 2005. All along, however, the most important legal obstacle to its accession has been a series of United Nations Security Council resolutions. Nevertheless, Iran’s regional neighbors recognized that the country could be an important element of the so-called “North-South” multimodal transit corridor that will more closely connect eastern and western Eurasia, and which can become a leading symbol of cooperation among all the members of SCO.
A total of 176,000 tons of raisins worth $230 million were exported from Iran in the last Iranian year (March 2020-21), according to a deputy agriculture minister.
“Out of the total sum, around 35,000 tons were raisins produced in Malayer County of Hamedan Province, Iran’s grape production hub,” Mohammad Mehdi Boroumandi was also quoted as saying by IRNA.
Hamedan Province has over 80,000 hectares of vineyards that yield more than 450,000 tons of grapes per year, 50% of which are produced in Malayer.
President Ebrahim Raeisi’s pledge to build one million residential properties annually is a unique opportunity for the revitalization of decaying urban areas of all Iranian metropolises, says Ali Beitollahi, the head of Engineering Seismology Department of Road, Housing and Urban Development Research Center, in a write-up for the Persian economic daily Donya-e-Eqtesad.
The translation of the full text follows:
The 13th government, led by President Raeisi, and greenlit by a majority of parliamentarians, has begun to work in earnest and with a new approach. One of the main promises of the new president, made with the aim of solving the housing issue is the construction of one million housing units annually. It will place a heavy responsibility on housing officials, the Ministry of Roads and Urban Development and its affiliated organizations...
The average goods and services Consumer Price Index of “furniture, home appliances and their maintenance” in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month of fiscal 2021-22.
Agriculture was the only economic sector in Iran to have experienced negative growth in the first quarter of the current Iranian year that started on March 21.
According to the Statistical Center of Iran, the drought-hit sector contracted by 4.5% while the Central Bank of Iran believes it shrank by 0.9%.
In contrast, SCI said “industries and mines” and “services” grew by 13.8% and 4.5%, while CBI said these reached 2.1% and 7%, respectively.
Iran’s agriculture sector is facing a threat of water shortage.
Latest figures released by Iran Airports Company indicate recovery in domestic airport traffic after Covid-19 restrictions dealt a heavy blow to the aviation sector.
Iranian airports' domestic passenger traffic increased to 8.06 million during the first four months of the current Iranian year (March 21-July 22) from 6.15 million in last year’s corresponding period.
Takeoffs and landings also posted a substantial growth from 68,343 to 103,967.
Over 64.64 million tons of cargos were handled during the period under review, considerably higher than the previous year's 43.87 million tons.
Trade at the Iran Mercantile Exchange picked up in the last calendar month ending Sep.22 thanks to large scale cement offers.
Goods weighing 8.06 million tons were traded in the spot market up 70% compared with the previous month.
Commodities sold were worth 533 trillion rials ($1.97 billion), indicating 49% increase compared to the month before, according to the IME website.
IME is a commodities exchange in Tehran founded in 2006 to host deals in farm, industrial and petrochemical products in the spot and futures markets.
Bad checks worth 299 trillion rials ($1.1 billion) bounced in the month to August 22, indicating a 30.8% rise over the preceding month.
According to Central Bank of Iran data, the number of bad checks stood at 742,000, also rising 32.4% rise in one month.
The checks accounted for 10.7% and 14.8% of the total volume and value of the drawn checks during the month.
Bad checks rose despite the fact that a decline was expected after the new check law came into effect on March 25 to improve trade, transparency and curb fraud and forgery in bank transactions.
The Governor of Central Bank of Iran Akbar Komijani conferred with Udaya Prabath Gammanpila, the visiting Sri Lankan energy minister on Saturday.
Recalling the longstanding commercial relations between the two countries, Komijani welcomed the expansion of bilateral trade.
The senior banker reiterated that the CBI and the banking network are ready to help develop payment mechanisms to support bilateral trade, the CBI website said.
Tehran’s share market eked out robust gains at the start of trading week on Saturday, partially recovering losses from last week.
Buoyed by intense demand for large cap stocks, the market cap-weighted benchmark of Tehran Stock Exchange, TEDPIX, gained 35,667 points, climbing 2.57% to claw back to 1,422,188.
Large caps rally pushed up the TSE-30 Index by 3.6% while small caps lagged behind with the TSE’s equal-weighted index gaining close to 1.8%.
TSE-30 index tracks the performance of top 30 companies in terms of market cap.
The technology ecosystem and a domestic copper company signed seven contracts totaling 500 billion rials ($1.8 million) with the help of the state-backed Iran National Innovation Fund.
Shahid Bahonar Copper Industries Company presented a list of technological shortfalls in the field and called on tech firms and startups to help tackle them during an online event called Zanjireh (meaning Chain in Persian) organized by the fund on Tuesday, ISNA reported.
According to Hamidreza Shahvardi, INIF’s chief advisor, the event was aimed at introducing domestic industries with tech investment opportunities, completing their value chain, upgrading industrial technologies and expanding the tech ecosystem’s target market.
Shahvardi said copper production is one of Iran’s key industries closely connected with automotive and electric vehicle production, new transportation systems, power, electronic and micro-electronic industries.
IMF chief Kristalina Georgieva criticized as false and spurious the findings of an independent probe into allegations that as World Bank head she pressured staff to manipulate data to make China's business climate appear more favorable.
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