In a major milestone, Iran’s tally of coronavirus shots administered crossed the 100 million mark nearly ten months after the launch of the national immunization campaign.
In a major milestone, Iran’s tally of coronavirus shots administered crossed the 100 million mark nearly ten months after the launch of the national immunization campaign.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said addressing the country’s problems is an important responsibility of the scientific community, calling on the elite to focus on current issues.
Crude oil prices crumbled on Wednesday after the International Energy Agency and OPEC warned of impending oversupply and as Covid-19 cases in Europe increased the downside risks to demand recovery, though a fall in US gasoline stocks curbed losses.
The completion of five wastewater treatment plants in Kermanshah Province needs over $4.8 million, managing director of the provincial Water and Wastewater Company said.
“The plants are located in Ravansar, Javanroud, Tazeh-Abad, Kerend and Sarmast cities and if the required budget is allocated, all the plants will become operational within a year,” Alireza Kakavand was also quoted as saying by the Energy Ministry’s news portal Paven.
The construction of the second phase of the wastewater treatment plant in Kermanshah City, the provincial capital, is expected to begin before the current Iranian year is out in March 2022, he added.
A transition to renewables is underway across the world to address climate change and natural gas as an indispensable part of the global energy mix, as it can play a key role to help the world shift to a lower carbon energy future and protect the environment.
Oil Minister Javad Owji made the statement at the 23rd annual ministerial meeting of Gas Exporting Countries Forum (GECF) held via videoconference on Tuesday, the Oil Ministry’s news portal reported.
“The high use of fossil fuels like coal and crude oil without measures to mitigate greenhouse gases has had global climate change implications,” he said, adding that natural gas is needed to limit the impact.
The gas unit of Dokouheh Power Plant is expected to come on stream in the spring of the next Iranian year (starting March 21, 2022), the deputy of projects development at the Thermal Power Plants Holding Company said.
“The combined-cycle power plant, consisting of a gas and a steam unit, has a total generation capacity of 451 megawatts. The plant’s construction has registered 64% progress,” Hamidreza Azimi was also quoted as saying by the Energy Ministry’s news portal Paven.
Benefiting from an F-class turbine, the gas unit will help provide reliable and stable electricity in the southwestern province, especially in the hot season, he added.
Iran's apparent steel usage registered a decline in the first seven months of the current Iranian year (March 21-Oct. 22) compared with last year's corresponding period.
Apparent steel usage is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.
The apparent usage totaled 9.57 million tons for finished products, posting a 12% decrease year-on-year, according to the Iranian Steel Producers Association.
Long steel products accounted for the largest portion of finished steel consumption with 4.85 million tons, down 12% YOY.
Iran’s trade with the Shanghai Cooperation Organization member states stood at 28.22 million tons worth $18.09 billion during the current fiscal year’s first seven months (March 21-Oct. 22), according to the latest statistics announced by the Islamic Republic of Iran Customs Administration.
China with 18.82 million tons worth $13.8 billion, India with 4.21 million tons worth $1.78 billion and Russia with 2.46 million tons worth $1.17 billion were Iran’s top trade partners in the bloc.
Exports to the eight SCO member states hit 23.41 million tons worth $10.1 billion.
With 16.89 million tons of imports worth $7.69 billion, China led the pack and was followed by India with 3.54 million tons worth $999.86 million and Pakistan with 1.59 million tons worth $655.15 million.
Public sector employees who have not yet been vaccinated will be subject to penalties, according to the deputy head of the Administrative and Employment Organization of Iran.
A hundred-day review might not be an accurate reflection of the economic performance of governments, but it gives you sufficient insight into their competence in fulfilling the campaign pledges made to the electorate, reads an article written by housing expert and economic analyst, Gholamreza Salami, for the Persian daily Donya-e-Eqtesad on President Ebrahim Raeisi’s economic record during his first 100 days. A translation follows:
The criteria needed for assessing this competence, in the absence of an efficient party system, lie in the response to the following questions:
The number of foreign flights passing through Iran’s airspace has hit a record.
A total of 15,055 foreign aircraft flew over Iran's airspace during the current fiscal year’s seventh month (Sept. 23-Oct. 22), marking the highest traffic recorded over the past one and a half years (18 months), Mehr News Agency reported.
The figure stood at 11,094 during the same period of the year before.
Data released by Iran Airports Company show a total of 80,994 foreign flights flew over Iran's airspace during the first seven months of the current Iranian year (March 21-Oct. 22).
The figure stood at 52,119 in the corresponding period of last year.
The Economy Minister Ehsan Khandouzi unveiled a plan of action Wednesday to control galloping inflation and boost economic growth.
The much awaited roadmap was discussed at a meeting of the Government Economic Coordination Headquarters late on Tuesday.
Boosting production and improving the business environment tops the to-do list of the Raisi administration, IRNA reported.
After a 2-month hiatus, the government’s weekly bond auction resumed Tuesday and was well-received by institutional buyers.
The government offered 100 trillion rials ($357 million) in debt of which 75.3 trillion rials ($268m) was bought by investors, according to a press release seen on the Central Bank of Iran website.
On behalf of the Economy Ministry, the CBI is in charge of offering bonds to banks and credit institutions in the interbank market, plus to retail and institutional buyers in the equity market.
The main buyers on Tuesday were retail and institutional traders in the stock market accounting for 87% or 66.1 trillion rials ($263m) of the total.
Two life insurance companies recorded the highest growth in premium income in the first seven months of the current fiscal year that started in March.
According to data released by the Central Insurance company of Iran, the regulatory and supervisory body of the sector, Middle East Life Insurance Company, affiliated to Middle East Bank, generated 1.92 trillion rials ($6.8 million) from 38,564 life insurance policies posting 545% increase in income and 86% increase in the number of policies sold compared to the same period last year.
Baran Life Insurance Company registered 170% increase in premium income at 532 billion rials ($1.88 million) and sold 4,321 policies up 196% y/y.
The main benchmark of Tehran Stock Exchange closed trading week on Wednesday slightly above the flatline as most large caps stumbled.
TEDPIX pared most of the gains made in the early hours to end the day 0.16% higher, adding 2,183 points to finish at 1,410,767.
Small caps performed relatively better rising 0.73% in TSE’s equal-weighted index, which tracks the performance of shares irrespective of their market caps.
The Iran Standards and Quality Inspection Company’s latest report shows a light improvement in the quality of domestically-manufactured and assembled automobiles during the Iranian month ending Oct. 22.
The quality watchdog is a private entity that works under contract with the Ministry of Industries, Mining and Trade, and publishes the rankings on its website, Isqi.co.ir.
The report compares the vehicles' performance with their defined quality standards and approval limits.
According to the report, the evaluation classifies the vehicles into five price groups, with the least expensive costing 1 billion rials ($3,530) and the most expensive worth 10 billion rials ($35,300).
Bank of England governor Andrew Bailey has hinted that the main hurdle to increasing interest rates has been cleared with the end of the government's furlough scheme, but he admitted that he was "very uneasy" regarding the inflation situation, media outlets said Tuesday.
Subscribe to our daily newsletter.
More from DEN Media Group:
© Financial Tribune Daily and Contributors 2014-2018