Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei appointed Peyman Jebeli as the new head of the Islamic Republic of Iran Broadcasting.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei appointed Peyman Jebeli as the new head of the Islamic Republic of Iran Broadcasting.
Iranian security forces dismantled a foreign-backed terrorist group and killed its ringleader, the Intelligence Ministry said.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei appointed Peyman Jebeli as the new head of the Islamic Republic of Iran Broadcasting.
Iran and Russia agreed on new mechanisms for nuclear cooperation to speed up the progress of joint projects, said the head of the Atomic Energy Organization of Iran.
A senior diplomat expressed Iran’s objection to any stockpiling and use of atomic weapons, calling for nuclear disarmament across the world.
The plan to overhaul thermal power plants and boost electricity production, which started in August, is on track and will be complete by May 2022, a spokesman for the Power Generation, Distribution and Transmission Company (Tavanir) said.
“Domestic firms, including Iran Power Plant Repair Company, are carrying out the annual maintenance work at 129 power stations that annually produce about 69,000 megawatts,” Mostafa Rajabi Mashhadi was also quoted as saying by IRNA.
“Good progress has been made in the power sector and international companies' unwillingness to cooperate with Iran Thermal Power Plants Holding Company will not impede operations for the upkeep of power stations,” he added.
Rajabi noted that repair and maintenance of thermal power plants, estimated to cost at least $700 million, can add up to 2 gigawatts to the total output.
OPEC sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change.
Daily gasoline consumption in Iran has reached 85 million liters, which is 18% higher than the corresponding period of last year, the head of Gasoline Station Owners Association said.
Arvand Petrochemical Company in Mahshahr, Khuzestan Province, registered a 289% increase in operating revenues in the first half of the current Iranian year (March 21-Sept. 22) compared with the same period of last year and earned a profit of $144 million.
The company sold 58,683 tons of S-PVC in the six months, which shows a tremendous increase of 525% in the export of the valuable product year-on-year, the Oil Ministry’s news agency Shana reported.
Regarding the sale of E-PVC, the company had a 230% increase in export volume and a 699% rise in sales revenues compared with the first half of a year ago.
A total of 1,380 trillion rials ($4.9 billion) in tax revenues were collected over the first half of the current fiscal year (March 21-Sept. 22), indicating a 62% increase compared with the corresponding period of last year, Mohammad Masihi, the deputy head of the Iranian National Tax Administration said on Wednesday.
“Tax collection reached 101% of the government’s revenue targeted in the Budget Law of fiscal 2021-22, because of focusing on key tax cases, monitoring of suspicious banking transactions, combating shell companies under a tax evasion program, implementing Article 97 [acceptance of self-declaration of tax returns of nearly 50% of economic players] and enhancing tax processes,” he was quoted as saying by ISNA.
INTA earned 30 trillion rials [$107 million] from stock market trading over the six-month period compared with 100 trillion rials [$357 million] in H1 fiscal 2020-21,” the official added.
Alireza Barkhor, the CEO of IranAir, has submitted his resignation to Minister of Roads and Urban Development Rostam Qasemi.
Referring to the array of problems facing Iran’s flag carrier airline over the past decade and its failure to meet the needs of employees, the official said he intends to leave his post after the return of Arbaeen pilgrims’ flights from Iraq.
The government had decided earlier this year to cancel plans to privatize IranAir, IRIB News reported.
Azerbaijan’s relations with Iran, its large neighbor to the south, have been in flux since the end of last year’s war with Armenia.
New data released by the Central Bank of Iran show Tehran’s real-estate market has rallied in the sixth fiscal month (Aug. 23-Sept. 22), as both the number of sales and prices were on a growth path.
A total of 7,789 homes were sold in Tehran during the month, registering an increase of 41.6% compared with the preceding month, but an 8% decrease compared with the same month of last year.
CBI’s data published on its website also indicate that the average price of each square meter of a residential property in Tehran stood at 317.03 million rials ($1,134.28) during the month under review, showing a surge of 30.5% over last year’s same month, when average prices reached 242.88 million rials ($868.98).
Deposits in private banks reached 18,174 trillion rials ($66 billion) by the end of the fiscal year ending in March, posting 44% growth compared to the year before.
Electronic Banking Magazine reviewed the financial performance reports of private banks, in particular their deposits and loans. Bank Mellat topped the list of non-government lenders in terms of total deposits with 2,529 trillion rials ($9.19 billion) followed by Bank Saderat Iran and Ayandeh Bank.
Mellat took in 1,034 trillion rials ($3.76) in deposits. ENbank (Eghtesad Novin Bank) managed to record the highest annual growth in deposits -- 100% year-on-year. Sarmayeh Bank was at the tail end with 10 trillion rials ($36.3 million).
Money issuance by banks is under the stringent oversight of the Central Bank of Iran, the CBI’s head of monetary and credit operations said.
In a talk with state TV, Mohammad Nadali said the majority of money supply is created mainly by banks and as a result of the CBI’s monetary operations.
“A big portion of money is controlled by banks and money circulating among the people accounts for barely 2% of the liquidity in the financial system,” he was quoted as saying by the CBI website.
Put simply, money creation, or money issuance, is the process by which money supply in a financial system is increased.
After almost a month of relative stability, foreign exchange rates jumped Wednesday in Tehran’s open market.
Tehran’s stock market closed trading week on Wednesday in positive territory as demand rose for large caps in the closing hours.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 11,536.15 points or 0.81% to end trade at 1,436,984.
The TSE’s equal-weighted index gained less to close 0.3% higher. Unlike the market-cap weighted TEDPIX, the latter index reflects the performance of small caps.
Amid rising demand for most shares, the value of retail trade increased 22% over previous session to reach 67.8 trillion rials ($250 million)
The Iran National Innovation Fund, backed by the government, has laid the groundwork for the general public to make micro-investment in startups and technology firms.
According to Ali Nazemi, INIF's deputy for investment, the public funding scheme is designed to engage the general public in supporting the growth of technology ecosystem as a new financial resource, in addition to government resources and major private investments, Mehr News Agency reported.
“The public will be able to scrutinize the tech projects and startups with the help of INIF and decide where to put their capital,” he added.
Following evaluations and investigations, 24 projects in information and communications technologies, machinery, medical science, nanotechnology and agriculture, as well as food, aviation, marine, copper, steel and mining industries, have been listed for public funding.
For interested investors, the shortlisted projects and their details are available on INIF's website, Inif.ir, stressing that the projects would be broadcast on a local TV channel to increase public awareness.
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