President Ebrahim Raeisi extended congratulations to Fumio Kishida on his election as Japan’s prime minister, expressing hope that the new premier’s term in office will open a new page in friendly ties between the two countries.
President Ebrahim Raeisi extended congratulations to Fumio Kishida on his election as Japan’s prime minister, expressing hope that the new premier’s term in office will open a new page in friendly ties between the two countries.
The Health Ministry on Friday registered the lowest tally of daily Covid-19 fatalities since July as infections fell below 10,000 and deaths dropped under 200.
The amount of water in Taleghan Dam, 135 kilometers northwest of Tehran, decreased by 28% in the past water year (September 2020-21) compared to the previous year (September 2019-20).
Iran Power Generation, Distribution and Transmission Company (Tavanir) and the Renewable Energy and Energy Efficiency Organization (Satba) are no longer allowed to sign agreements to buy green power from private electricity producers based on previous models that guaranteed electricity purchase for 20 years, the energy minister said.
“A new model of contracts will be made in the near future and until further notice, neither the state-run Satba nor Tavanir is permitted to conclude deals with the private sector,” Ali Akbar Mehrabian was also quoted as saying by Barq News.
The installed capacity of renewable energy in Iran has reached 900 megawatts and plans are underway to raise the capacity to 10 gigawatts over the next four years, he added, without providing details.
Oil prices rose on Friday, tracking toward a 4.5% gain for the week on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the US government would release oil from its strategic reserves for now.
Several projects have been planned to add 3.5 million tons to the country's petrochemical production capacity, of which 60% or 2 million tons belong to the propylene chain, director of planning and development at the National Petrochemical Company said.
“Out of the total 33 projects, 10 are underway and the required permits have been issued for the rest. They aim to meet the needs of domestic industries and reduce imports,” Hassan Abbaszadeh was also quoted as saying by the NPC news portal Nipna.
“Last year, we imported $1.3 billion worth of petrochemical products that were not produced in the country. The planned projects will help reduce imports by about 70%,” he said.
The services sector employed 48.8% of the Iranian employed population (11.43 million) in the second quarter of the current Iranian year (June 22-Sept. 22), 0.7% higher than the corresponding period of last year, whereas industrial and agricultural sectors provided 33.8% and 17.4% of jobs respectively.
Over 7.9 million were employed in the industrial sector, indicating an increase of 0.4% compared with the same period of the year before and 4.06 million worked in the agriculture sector, posting a 1.1% decrease YOY.
The services sector consists of wholesale and retail trade; restaurants and hotels; transport, storage and communications; financing, insurance, real-estate and business services; as well as community, social, education, health and personal services.
A total of $1.2 billion worth of goods were exported from Kermanshah Province during the first six months of the current fiscal year (March 21-Sept. 22), registering an 11% growth in terms of value compared with last year’s corresponding period, according to the head of Kermanshah Chamber of Commerce, Industries, Mines and Agriculture.
Iran’s commercial transactions with the US stood at $25.7 million during the first eight months of 2021 to register a 14.9% decline compared with the corresponding period of 2020.
Bilateral exchanges in August 2021 hit $2.8 million, down 30% compared with $4 million in August 2020.
Latest data released by the US Census Bureau show Iran exported $0.6 million worth of goods to the US in the eight months, indicating an 81.82% year-on-year fall.
The Ministry of Industries, Mining and Trade's review of the current Iranian year’s first four months (March 21-July 22) shows the output of 15 industrial products (out of 29 under review) registered growth compared with the similar period of last year.
Truck and mini truck production stood at 2,573 vehicles, showing a 71.1% year-on-year hike.
Vegetable oil production marked a 46.5% YOY rise to 696,200 tons while that of washing machines rose by 37.6% to exceed 434,900 devices.
A total of 216 combine harvesters were manufactured during the period, showing a 30.9% YOY rise.
The average goods and services Consumer Price Index of “health and treatment” in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month of fiscal 2021-22, increased by 39.9% compared with the corresponding period of the year before.
Container loading for export from the southern Shahid Rajaee Port stood at 222,753 TEUs during the first six months of the current Iranian year (March 21-Sept. 22), registering an 18% growth compared with the similar period of last year, according to the director general of Hormozgan Ports and Maritime Organization.
“During the same period, container unloading [imports] hit 208,735 TEUs, registering a 3% decrease YOY,” Alireza Mohammadi Karajiran was also quoted as saying by IRNA.
The official noted that container transit through Shahid Rajaee Port during the six months under review stood at 141,050 TEUs, indicating an 85% increase compared with the corresponding period of last year.
The removal of cheap foreign currency and hidden subsidies and their impact on inflation are really a minor concern; the main worry is lack of information to determine eligibility criteria and identify target population groups for subsidy allocation, Kamran Nadri, an economic expert wrote in an article published in the Persian exconomic daily Arman-e Melli. Translation of the full text follows:
A total of 3.24 quadrillion rials ($11.57 billion) worth of investment have been made in industrial units for which establishment permits were issued by the Ministry of Industries, Mining and Trade, while projects with operating licenses received close to 846.62 trillion rials ($3.02 billion) in the first four months of the current Iranian year (March 21-July 22).
Investment volumes in industrial units with establishment permits and operating licenses show a respective growth rate of 175.4% and 687.4% compared with the similar period of last year, the latest report released by the Ministry of Industries, Mining and Trade shows...
The Trade Promotion Organization of Iran again extended the forex realization timeline for exporters and temporarily suspended legal action against non-compliant companies.
Forex repatriation timelines for exports in fiscal 2017-18 and 2019-20 have been extended until the calendar month that ends on October 21. The previous deadline was July 22.
The time for returning export revenue in the last fiscal year (March 2020-21) is Nov.21, marking the end of the next Iranian month, according to a press release seen on the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) website.
Total deposits in banks and credit institutions grew by 47% by the end of the first quarter of the current fiscal year (started March 2021), to 43,149 trillion rials ($158.6 billion).
Deposits were 11.3% higher during the first three months of the year, according to figures published by the Central Bank of Iran.
As usual, the majority of deposits were in Tehran Province at 23,796 trillion rials ($87.4b), accounting for more than half the total.
Iran's Information and Communications Technologies Ministry has announced that by March 2023, all populated villages throughout the country will have access to high-speed internet.
ICT Minister Isa Zarepour told reporters that about 80% of rural areas, each with more than 20 households, are connected to the National Information Network and have internet access, IRIB News reported.
NIN was first proposed in 2005 by the ICT Ministry as an alternative and independent network with content compatible with Islamic values to facilitate Iranian users’ access to indigenous content. After a long-running saga, the project was launched in August 2016.
Based on the Sixth Five-Year Development Plan (2017-22), Iran’s 40,000 populated villages are supposed to be provided with high-speed internet.
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