Iranian President Ebrahim Raisi and his French counterpart Emmanuel Macron held a meeting on the sidelines of the 77th session of the United Nations General Assembly in New York.
Iranian President Ebrahim Raisi and his French counterpart Emmanuel Macron held a meeting on the sidelines of the 77th session of the United Nations General Assembly in New York.
EU foreign policy chief Josep Borrell tamped down expectations of a breakthrough on the Iran nuclear deal at the United Nations General Assembly this week, saying he does not believe a meeting with Iranian President Ebrahim Raisi would be productive in this regard.
Iranian and Qatari foreign ministers talked about the latest developments in the course of Vienna talks on the revival of the 2015 nuclear deal and explored avenues for expansion of relations between the two Muslim countries.
The Rey Power Plant in southern Tehran has increased its electricity generation capacity by 5% during summer, the managing director of the plant said.
“One of the units of the power plant, which was seriously damaged in an accident in the past, became operational again, adding 25 megawatts of electricity to the production, or 5% to the capacity compared to last year,” Hamid Badrestani was also quoted as saying by the Energy Ministry’s news service Paven.
“Due to the fact that all the units of the power plant are gas-fired and there is enough space for adding a steam unit, conditions for converting the plant into a combined-cycle one are fully available,” he added.
Domestically-manufactured electric submersible pumps in Petro Faraz Avar Sahel Tadbir Company will help raise crude output in Iran’s 22 oilfields by at least 700,000 barrels per day.
Yaser Fallahzadeh, the head of the privately-run PFAST Company, made the statement in a ceremony to inaugurate Iran’s first pump manufacturing factory in Ahvaz, Khuzestan Province, on Tuesday, IRNA reported.
Costing $15 million, the venture was funded by Persia Oil and Gas Company and an unnamed Russian partner, he added.
Fallahzadeh noted that the plant has the capacity to produce 150 pumps annually, making Iran self-sufficient in producing the device in the key oil industry.
The National Iranian Drilling Company plans to strengthen its presence in the Persian Gulf waters in the near future by renovating three offshore drilling rigs, managing director of the National Iranian Drilling Company said.
“NIDC currently has three drilling rigs in the Persian Gulf, which have become unproductive due to the wear and tear of equipment, hence they will be replaced with three new rigs,” Hamidreza Golpayegani was also quoted as saying by IRNA.
Speaking about the recent activities of NIDC, he said, “The company has increased the number of active drilling rigs from 56 last [fiscal] year [March 2021-22] to 64 rigs at present.”
Iran’s import of mining machinery is minimal compared to the global average.
A total of $34.5 million of mining machinery were imported to Iran during the first four months of the current fiscal year (March 21-July 22), registering a 3.2% rise compared with last year’s corresponding period.
According to the latest report released by Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, about $19 million of the total sum pertained to import of used excavators, registering a 600% year-on-year rise.
MINEX 2022, the 11th International Investment Opportunities in Iran’s Mine and Mining Industries Exhibition and Conference opened in Tehran on Sept. 20.
A total of 1.7 million tons of wheat have been imported by Iran since the beginning of the current Iranian year on March 21, registering a 113% rise compared with the similar period of last year, the Government Trading Corporation of Iran announced on Monday.
GTC, affiliated with the Agriculture Ministry, is in charge of ensuring adequate supply of basic goods, including wheat, rice, cooking oil, sugar and meat, to the local market.
Iran has imported a total of 96.48 million tons of wheat worth more than $22.84 billion over the past 30 years, spokesperson of the Islamic Republic of Iran Customs Administration said recently.
Iran traded 9.1 million tons of goods (excluding crude oil exports) worth $6.89 billion with member states of the Economic Cooperation Organization during the first five months of the current Iranian year (March 21-Aug. 22) to register a 39% rise in value compared with the similar period of last year, according to the spokesperson of the Islamic Republic of Iran Customs Administration.
“Iran’s exports, excluding crude oil, stood at 7.31 million tons worth $4.12 billion, which indicate a 40% year-on-year rise in value,” Rouhollah Latifi was quoted as saying by IRNA.
Turkey was the biggest export destination among ECO states under review, as it imported 3.68 million tons of Iranian goods worth $2.32 million during the period, up 110% in value YOY.
All changes in value cited below are calculated for year-on-year basis:
The recent order by the Central Bank of Iran to separate business and personal bank accounts should ease pressure on the official financial and economic sectors and put the onus on the unofficial sector, namely tax evaders, the public relations office of the Ministry of Economic Affairs and Finance said.
It said the government is resolute in identifying tax evaders and “collecting its share” while easing pressure on the beleaguered economy.
To this end, the relevant organizations are obliged to connect POS terminals used by businesses to the tax office database. This is the first phase, the second being the separation of bank accounts used by businesses for their business needs from regular accounts, the news agency quoted the ministry as saying.
The Tehran Stock Exchange main index TEDPIX lost 6,760.57 points or 0.49% on Tuesday to end trade at 1,367,060.37.
About 4.66 billion shares valued at 29.18 trillion rials ($100.64 million) changed hands at TSE for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Navard Aluminum Manufacturing Group Company was the main winner as its shares went up 6.88% to 26,420 rials per share.
The Central Bank of Iran is to announce XBRL (eXtensible Business Reporting Language) standards for financial reporting by banks.
According to the CBI governor Ali Salehabadi, this standard will be tested in one of the banks in February and later other banks will be required to submit their financial reports accordingly, IBENA quoted him as saying.
XBRL is a language for the electronic communication of business and financial data which is revolutionizing the business reporting around the world.
Annual growth of money creation by banks fell 57% in the first five months (March 21-August 22) of the current fiscal year, the Economy Ministry reported.
The ministry said the decline in money issuance was driven largely by the visible weakening of loans given by banks and credit institutions.
Outstanding loans, including both performing and non-performing, registered 8.2% growth in the period. This was significantly lower compared to 19% annual growth in the corresponding period last year, the ministry’s news website Shada.ir reported.
The apparently positive development is “one outcome of the Central Bank of Iran’s policy to exercise [tighter] control over ban balance sheets”.
A knowledge-based company has produced a highly enriched protein concentrate to improve the quality and volume of honey produced in apiaries.
Protein concentrate enhances the productivity of bees and supplies amino acids, minerals and vitamins needed for the the growth of bees and honey production.
The concentrate, which also includes sucrose, probiotics, multivitamins and organic acids, has been produced by Spadana Mokamel Company, the news portal of the Vice-Presidency for Science and Technology reported.
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