The Health Ministry’s weekly report showed a sharp drop in the number of cities color-coded as red, or extremely high-risk Covid zones, from last week’s 64 to only eight as the seventh wave of the pandemic subsided across the country.
The Health Ministry’s weekly report showed a sharp drop in the number of cities color-coded as red, or extremely high-risk Covid zones, from last week’s 64 to only eight as the seventh wave of the pandemic subsided across the country.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted the inspiration coming from Prophet Muhammad’s (PBUH) Household as the key to the resilience of the Islamic Republic of Iran.
The drying system of Noshahr waste-to-energy power plant in Mazandaran Province has been launched to reduce moisture in wet waste and prepare it for electricity generation.
The plant, with a capacity of 200 tons, seeks to turn the garbage and waste of Mazandaran, which is deposited and buried in the heart of the forests and on the shores of the sea, into electricity and help ease waste disposal in the popular tourist resort, Barq News reported.
With the help of the newly-launched dryer, moisture in wet waste can be decreased by over 50% so that it becomes suitable as feed for the plant.
Major industries, including automakers, steel complexes, cement factories and petrochemical plants, will become totally independent of the Power Generation, Distribution and Transmission Company (Tavanir) to meet their growing electricity demand over the next three years, spokesman of the state-run firm said.
“Industrial units have taken effective measures not to be at the mercy of Tavanir, one of which is the construction of their own power stations,” Mostafa Rajabi-Mashhadi was also quoted as saying by ILNA.
Thermal and renewable power plants with a total capacity of 14 gigawatts are being constructed by industrialists across the nation, he added, noting that when the scheme is implemented, industries will have no worries regarding electricity supply and outages.
The National Iranian Drilling Company has drilled 124 onshore and offshore oil and gas wells over the last 12 months, the company’s managing director for drilling affairs said.
“Of the wells operations completed during this period, 94 were development and exploratory wells and the rest were horizontal,” Hamidreza Golpayegani was also quoted as saying by ISNA.
“The wells were drilled in oilfields managed by the National Iranian South Oil Company, the Iranian Offshore Oil Company and the Petroleum Engineering and Development Company in the West Karun oil block that includes several large oilfields straddling the Iran-Iraq border, namely Yaran, Yadavaran and Darkhoein,” he said.
Tehran-Lar-Muscat flights have been scheduled to run as of Sept. 27, according to director general of Larestan International Airport, located in the southern Fars Province of Iran.
A total of 9.5 million tons of essential goods were unloaded at Iranian ports of entry during the first five months of the current fiscal year (March 21-Aug. 22), registering an 8.3% decline compared with the similar period of last year, according to the Ports and Maritime Organization.
Wheat was the only commodity whose import saw a year-on-year increase, as 3.1 million tons of the grain were unloaded during the period, up 119%.
Last year (March 2021-22), 7.07 million tons of wheat were imported, according to the Islamic Republic of Iran Customs Administration.
“The private sector has been allowed to place orders for wheat imports as of Aug. 23 after a gap of seven years,” Kaveh Zargaran, the head of the Agriculture and Food Processing Commission of Tehran Chamber of Commerce, Industries, Mines and Agriculture, said recently.
The Non-Oil Export Development Commission of Iran’s Chamber of Commerce, Industries, Mines and Agriculture is scheduled to hold a course titled “International Commercial Contracts in Post-Covid Era” on Sept. 4 from 11 a.m. to 1 p.m.
The Statistical Center of Iran has published new data on the number of building permits issued in Tehran and other urban areas of the country.
Subsidiaries of the Iranian Mines and Mining Industries Development and Renovation Organization produced 222,053 tons of aluminum ingots in the current fiscal year’s first four months (March 21-July 22) to register a 27% rise in output compared with the same period of last fiscal year, a new IMIDRO report shows.
Reducing the toll of road traffic accidents is an indicator of the efficiency of governments, says Nasser Zakeri, an economist, in an article for the Persian daily Shargh.
A translation of the text follows:
Over centuries, one of the manifestations of effective statecraft was the promotion of road safety. With the weakening of the central government, bandits would ambush the caravans and loot their belongings. Therefore, the first move of any new ruler was to try to restore safety to the route of commercial caravans and citizens...
A total of 18,462 tons of goods worth $9.6 million were exported from Iran to Russia through a new customs corridor on a trial basis, according to the head of the Islamic Republic of Iran Customs Administration.
“The shipments were transported from Iran to Russia between June 30 and Aug. 22 using 1,199 waybills,” Alireza Moqaddesi was also quoted as saying by ILNA.
The exports accounted for 46% and 18.1% of the weight and value of Iran’s total fruit and vegetable exports during the period respectively.
Trade turnover between Russia and Iran from January-July amounted to $2.7 billion, the Russian Foreign Ministry said in a recent statement.
Iranian steel mills produced 2 million tons of crude steel in July to register a 34.1% year-on-year rise, according to the World Steel Association.
“Transportation”, one of the 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation, registered an annualized inflation rate of 35.4% in the fifth month of the current Iranian year (July 23-Aug. 22).
The group’s month-on-month and year-on-year inflation rates reached 1.2% and 38.4% respectively.
With a coefficient of 9.41%, the “transportation” CPI was 595.4, up 1.2% on the month before. This index registered a YOY increase of 38.4% and its annualized CPI increased by 35.4%.
Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports, stood at 27.24 million tons worth $17.19 billion during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs Administration show.
The UAE with 7.55 million tons worth $7.14 billion, Turkey with 4.35 million tons worth $3.85 billion and Iraq with 6.97 million tons worth $2.45 billion were Iran’s main trade partners among OIC member states.
Iranian exports reached 21.59 million tons worth $9.43 billion during the four-month period.
Iraq with 6.93 million tons worth $2.4 billion, the UAE with 3.95 million tons worth $2.26 billion and Turkey with 3.36 million tons worth $2.06 million were the main export destinations.
Tehran stocks opened the week on Saturday in negative territory under unrelenting sell-side pressure in almost all categories.
The main gauge of Tehran Stock Exchange, TEDPIX, shed 12,455.10 points or 0.87% to end at 1,426,941.24.
The TSE’s equal-weighted index was down 0.95%, reflecting the performance of small caps and penny stocks.
Iran's insurance industry is set to improve the quality of services with a four-year transformation plan, head of the Central Insurance company of Iran (CII), the industry’s regulator, said.
"The transformation plan includes specific targets and should be able to create the roadmap for a sustainable future for the key industry.
Among other things, it concentrates on curbing corruption, offer digital solutions for products and procedures, enhance efficient oversight and move toward deregulation," Majid Behzadpour was quoted as saying by the website Way2pay.ir.
Heads of three major business organizations have called on President Ebrahim Raisi to adopt effective measures to unify the forex rates.
In a letter signed by Gholam Hossein Shafei, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA); Saeid Mombeini, the head of Iran Chamber of Guilds and Bahman Abdollahi, the head of Iran Chamber of Cooperatives, the president has been urged to put a permanent end to the chaotic multiple currency rates and address the economic challenges afflicting businesses across the country.
The signatories named at least four exchange rates, recalling that the present state of affairs is a bane of the struggling economy and serves as oxygen for fraud and rent-seeking, Fars News Agency reported.
Forex rates opened trading week Saturday higher amid increasing uncertainty about the future of the market. Gold followed suit.
The US dollar briefly inched above the critical 300-000-rials in the middle of the day in Tehran’s unofficial market but did not advance above the important psychological level.
The American currency closed at 300,200 rials, up 0.5% or 1,600 rials. The UAE dirham climbed close to 1.1% while the euro and pound sterling posted slight losses.
Tire industry players believe that apart from supply and economy-related problems, the government’s policy considering tires as a strategic product creates problems for the industry.
"When you consider a product strategic, decisions are made to reduce the risks associated with that product from the macroeconomic and consumer viewpoints and how it impacts other industries or society, which is a correct approach. But the problem is that considering tire a strategic product is wrong,” CEO of Yazd Tire Iraj Zamani-Fard was quoted as saying by Donyaye Khodro.
"For instance, the pharmaceutical industry is strategic, but not medicine. Because we do not use the medicine daily. But if we get sick or need a special drug, we should be able to procure it easily. Same with the tire industry; the industry should be considered strategic, but not the tire itself,” he added.
The CEO of Yazd Tire noted that on average, a consumer buys tires for his car once every four years, but not every day.
Brazilian presidential candidate and ex-president Luiz Inacio Lula da Silva led the latest pre-election poll with 45% of the vote, trailed by incumbent President Jair Bolsonaro with 32%, a Datafolha poll showed.
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