Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei lauded sacrifices by late General Qassem Soleimani, saying his great work was to protect, empower, equip and revive the resistance front against the Israel regime and the US.
National
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01/02/2023 -
01/02/2023Health Minister Bahram Einollahi has placed all healthcare providers on alert in an effort to contain the fast-spreading Omicron subvariants that were identified in the country last week.
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01/02/2023The International Atomic Energy Agency is expected to change its current approach to help promote the required cooperation for reaching a common outcome on the outstanding safeguards issues, an Iranian lawmaker said.
Energy
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01/02/2023A total of 238 million cubic meters of water are stored in the dams of Tehran Province, which is down 77 mcm compared to this time last year when the figure was 345 mcm, managing director of Tehran Water and Wastewater Company (Abfa) said.
“This is while there should be 590 mcm of water in the dams under normal conditions,” Mohammed Reza Bakhtiari was also quoted as saying by the Energy Ministry’s news portal.
Dams supplying water to Tehran include Taleqan, Latyan, Mamlou, Karaj and Lar. The five dams together can hold 2 billion cubic meters of water, but the water stored in them is now less than 12% of their total capacity. -
01/02/2023An estimated 270 billion kilowatt-hours of power have been produced in Iran’s 130 thermal power stations since March 2022, said a deputy manager at Iran's Thermal Power Plants Holding Company.
“Of the total output, steam-powered plants, gas-powered stations and combined-cycle plants generated 84 billion kWh, 59 billion kWh and 127 billion kWh respectively in the nine-month period,” Nasser Eskandari was also quoted as saying by the Energy Ministry’s news service.
The official said thermal power facilities account for 93% of Iran’s total power demand in summer, but when demand falls, the figure declines to 80%.
Domestic Economy
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01/02/2023A total of 1.24 million tons of goods worth $613.29 million were exported from Kurdestan Province’s border terminals in the first nine months of the current Iranian year (March 21-Dec. 21), registering a 22% rise in both weight and value, compared with the similar period of last year, according to a local customs official.
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01/02/2023Tehran Chamber of Commerce, Industries, Mines and Agriculture and the University of Tehran plan to hold a specialized course on database administration (DBA) for board members and secretaries of private sector economic organizations.
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01/02/2023New data released by the Central Bank of Iran on Tehran’s housing market show the number of sales has increased in the second consecutive month.
A total of 10,184 homes were sold in the capital city during the ninth month of the current Iranian year (Nov. 22-Dec. 21), registering a 27.2% rise compared to the previous month and a 4.2% increase compared with the corresponding month of the previous year.
The report also shows the average price of each square meter of a residential property in Tehran stood at 480.73 million rials ($1,201) during the period, registering a 47.5% rise over last year’s same month. -
01/02/2023The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 9.2% in the ninth month of the current Iranian year (Nov. 22-Dec. 21), up 0.7 percentage points compared to the previous month.
The inflation gap in “food, beverages and tobacco” group among income deciles grew by 0.4 percentage points and that of “non-food and services” group declined by 0.1 percentage points compared with the previous month.
The average goods and services Consumer Price Index in the 12-month period ending Dec. 21 increased by 51.7% for the first decile (those with the lowest income) and grew by 42.5% for the 10th decile (those with the highest income). -
01/02/2023The 9th International Exhibition of Footwear, Bag, Leather and Related Industries, also known as MPEX 2023, is scheduled to be held at Tehran’s International Fairground from Jan. 9 to 12.
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01/02/2023The income classification threshold in the world changes with the growth and regression in economies, or the improvement or worsening of the society’s living standards.
According to the World Bank’s classification in 2022, in a list containing 217 countries and territories, there are 28 countries in low income class, 54 countries in lower-middle income class, 54 in upper-middle income class and 81 in the high income class, the Economic Studies Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture wrote in a draft report citing World Bank data. Below are the findings of the report:
Iran’s position worsened as of 2020 for the country to join the lower-middle income class after it belonged to the upper-middle class for nearly 15 years. -
01/02/2023The annual budget, as the most important economic and financial document of the country, has always been the subject of heated discussions and controversies.
The budget deficit has been the focus of media attention, in view of its prominent role in inflation, the increasing pressure of sanctions on oil industry and the reduction of oil revenues. A deficit in budget resources leads to government and state-owned companies borrowing from the Central Bank of Iran, which leads to the growth of monetary base, money supply and ultimately inflation.
These were stated by Tirdad Ahmadi, an economic expert, in an article for the Persian daily Donya-e-Eqtesad. A translation of the article follows:
Business & Markets
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01/02/2023Nilson Report, a credible source of news and analysis of the global card and mobile payment industries, has ranked seven Iranian payment service providers among the World Leading Merchant Acquirers in 2021.
Saman E-Pay topped the list of Middle East and Africa's largest acquirers in terms of the number of transactions. The company processed more than 7.7 billion transactions in 2021 emerging as the world's 13th largest, according to Nilson Report. SEP climbed two places compared to 2020.
Behpardakht Mellat was 14th on the list with over 7.6 billion transactions down three notches since 2020 when it ranked 11. -
01/02/2023The Central Insurance company of Iran (CII) has published a report on the risk retention capacity of domestic insurers adding three new companies to the list.
According to the CII website, the state-owned Iran Insurance Company tops the list and can now handle 51.13 trillion rials ($139.7 million) in risks in different categories.
Pasargad Insurance Company, affiliated to Bank Pasargad, is second with 13.8 trillion rials ($37.7m) worth of risks. -
01/02/2023The Central Bank of Iran said Sunday electronic checks can be processed electronically without referring to bank branches. Mehran Mahramian, the CBI deputy for innovative technologies said banks, however, will continue issuing print checks.
"Electronic checks are a new ecosystem and we are hopeful businesses will start using it. As such, we have no plans to discontinue [the use of] print checks," IBENA quoted him as saying.
All banks are obliged to accept electronic checks, Mahramian noted. -
01/02/2023Tehran Stock Exchange's main index, TEDPIX, slumped by another 26,130.25 points or 1.64% on Sunday to end at 1,564,365.67. The TSE equal-weighted index lost 2.43%.
About 13.37 billion shares worth 74.9 trillion rials ($258.26 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Bahman Investment Group Company led the winner’s list as its shares jumped 6.84% to 4,204 rials per share.
Science and Technology
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01/02/2023A total of 580 new ideas in the form of research projects, technological knowhow, knowledge-based products and master's and doctoral theses have been registered in the new Ideas and Needs System (NAN), according to the head of the Islamic World Science Citation Center and secretary of the NAN Policy Council.
“According to the latest statistics, 6,321 technological needs have also been registered in this system,” Ahmad Fazelzadeh was also quoted as saying by IRNA.
The new ideas were registered in the form of 276 research projects, 67 knowledge-based products, 49 technological knowhow, 15 master's and doctoral theses, as well as 173 other projects.
