Health Minister Bahram Einollahi announced on Sunday that with current vaccination rates, Iran can achieve adequate immunity by late November and December.
Health Minister Bahram Einollahi announced on Sunday that with current vaccination rates, Iran can achieve adequate immunity by late November and December.
Iran’s Thermal Power Plants Holding Company has started operations to decommission the most outdated power stations in the capital, director of planning at the Thermal Power Plants Holding Company said.
“Tarasht Thermal Power Plant in the west of Tehran has been generating electricity for more than 60 years while the estimated useful life of an electricity station is around 20 years,” Barq News also quoted Hamidreza Azimi as saying.
Cooling towers of the dilapidated gas-powered plant are being demolished and operations to build modern gas- and steam-powered units have commenced, he added.
“The new combined-cycle station with 60% efficiency will have six units, two of which are supposed to be synchronized with the national power grid in June 2022, when demand reaches its peak. The other four units will become operational one year later.”
Maroon Oil and Gas Exploitation Company has been collecting associate petroleum gas from Maroun Oilfield in Khuzestan Province to reduce harmful emissions through the recovery and utilization of the flare gas, managing director of Maroun Oil and Gas Production Company said.
“With the help of the private sector, we collect 453,000 cubic meters of flare gas per day. This amount has brought gas flaring in Maroun 6 Oilfield in the southwestern province to zero,” Hamid Kaviyan was quoted as saying by the Oil Ministry’s news agency Shana.
The APG is transferred to the production line in Maroun Petrochemical Company, he added.
Wheat imports began in April and so far around 8 million tons of the staple grain have been purchased from foreign sources, says CEO of the Government Trade Corporation, affiliated with the Agriculture Ministry.
“More than 3 million tons of the purchased wheat have been imported so far and found its way into the local market. The remaining 5 million tons will gradually reach the country’s southern and northern ports to undergo clearance procedures,” Yazdan Seif was also quoted as saying by ILNA.
The official noted that in the current fiscal year (started March 21), the government has purchased only 4.53 million tons of wheat from local farmers as part of its guaranteed purchase plan, noting that this was due to an overall decline in production as a result of low precipitation, water scarcity and bad weather conditions.
The average goods and services Consumer Price Index of “housing and utilities (water, electricity, natural gas and other fuels)” in the 12-month period ending Oct. 22, which marks the end of the seventh Iranian month of fiscal 2021-22, increased by 26.8% compared with the corresponding period of the year before, latest data released by the Statistical Center of Iran show.
The CPI of the group stood at 254.6, indicating a 3.6% rise compared with the month before.
The index, which has the biggest impact on total inflation rate among 12 groups of the basket of consumer goods and services purchased by households with a coefficient of 35.5%, registered a year-on-year increase of 25%.
The average annual inflation in Iran has broken a 12-month rising streak in the fiscal month to Oct. 22.
Iran’s trade revenue, excluding crude oil export, hit 19.56 million tons worth $9.89 billion in the seventh month of the current fiscal year (Sept. 23-Oct. 22).
Exports stood at 15.19 million tons worth $5.27 billion, registering an 8% growth in terms of value year-on-year, according to the spokesman of the Islamic Republic of Iran Customs Administration, Rouhollah Latifi.
Trade balance stood at +$650 million during the period.
Exports in the month under review were 5% and 27% higher in terms of weight and value month-on-month.
Since the outbreak of the coronavirus pandemic in Iran in February 2020, local tech firms have increased efforts to combat the deadly virus.
According to local media, the technology ecosystem helped produce game-changing clinical equipment, Covid-19 test kits, facemasks, medications and sanitizers in the early days of the outbreak.
As the latest achievement, Sepanta Mehr Company and the Industrialization Center for Applied Nanotechnology have collaborated on the development of a nanotech substance that can suppress viruses, germs and fungi when applied to fabrics, ISNA reported.
The material can be used to cover a wide range of fabrics, including facemasks, surgical gowns, hospital bedsheets, furniture, rugs and even air-conditioning filters.
According to the manufacturers, the material can also be used on floor tiles, wall or wallpapers to prevent people from being contaminated in different sectors.
A total of $10 million worth of three-layered facemasks were exported from Iran during the first five months of the current fiscal year (March 21-Aug. 22), according to the director general of Industrial and Mineral Products Export Expansion Department of the Trade Promotion Organization of Iran.
Tehran Chamber of Commerce, Industries, Mines and Agriculture has recently released a report on the economic outlook of Tehran Province.
Below are some of the findings of the report:
With an area of 13,500 square kilometers and a population of 13.97 million, Tehran ranks 29th in terms of area but first in terms of population among Iran’s 31 provinces.
Tehran’s urbanization rate stands at 94.3%, while the average rate is 75.4% for the country. Tehran Province ranks second after Qom in terms of urbanization.
Kish-Dubai flights were launched as of Oct. 31 by IranAir on Sundays and Wednesdays, according to the news portal of the Ministry of Roads and Urban Development.
The Producer Price Index for the electricity sector during the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year, increased by 37.7% compared with the same period of the year before.
The board of directors of Tehran Stock Exchange on Sunday appointed Mahmoud Goudarzi as the new head.
The National Development Fund of Iran will deposit $150 million with the Capital Market Stabilization Fund to help boost the ailing stock market.
Citing officials from the sovereign wealth fund, the state-owned news agency IRNA said that the payment will be made before the current calendar month is out on Nov.21.
Based on an earlier NDFI decision, the money will be a loan at 12% to be repaid in five years and the maturity can be extended. The CMSF is responsible for paying the principal amount plus interest.
The CMSF was created in 2017 to help resolve the credit crunch in the bourse. It has a mandate to supporting the market and safeguard the interest of investors. The fund was launched with an initial 3 trillion rials ($11 million) capital borrowed from the NDFI.
Foreign exchange rates advanced on Sunday for the second straight day in Tehran’s open market pushing up the domestic bullion market.
The dollar closed at 279,900 rials, gaining 0.61% or 1,700 rials compared to the session before. It has gained more than 1.4% in the two sessions.
The American currency retreated to 276,000 rials last week following reports about the resumption later this month of international talks to restore the Iran nuclear deal.
The crackdown on unauthorized cryptomining continues in Iran with 227 more devices confiscated in the past week.
Share prices in Tehran stumbled on Sunday bucking a rising trend that started last Monday as investors sold shares to save previous gains.
The main index of Tehran Stock Exchange, TEDPIX, lost 9,689.82 points or 0.67% to end trade at 1,430,961. Tracking the performance of small caps, the TSE’s equal-weighted index shed 0.4%.
Despite the downturn, trade by retail investors rose 29% to reach 73.63 trillion rials ($272 million), the highest in the month.
Tesla chief executive Elon Musk has asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock.
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