Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei stressed the need for finding ways to use knowledgeable and experienced women in various levels of decision-making in the country.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei stressed the need for finding ways to use knowledgeable and experienced women in various levels of decision-making in the country.
Electricity consumption in Iran has been rising by an average 6% per annum over the last two decades and the gap between supply and demand will keep widening unless more investments are made in green energy sector that has been lagging behind fossil fuels, said.
Mahmoud Kamani, managing director of the Renewable Energy and Energy Efficiency Organization (Satba), made the statement while addressing a panel on "Necessity of building solar power plants in industrial towns" in Qazvin Province’s Caspian Industrial Zone on Tuesday, Barq News website reported.
Kamani said more than 46,000 industrial units are operating in 820 industrial towns across the country, 93% of which are considered small, 4% medium and 3% large.
Pardis Petrochemical Company in Bushehr Province sold 3.42 million tons of urea and ammonia in the last fiscal year (September 2021-22), which was 12% higher than in the previous year, managing director of the company said.
“The company produced more than 3 million tons of urea and 2 million tons of ammonia during the period,” the Oil Ministry’s news service Shana also quoted Gholamreza Jamshidi as saying.
“The company sold over $1 billion worth of products last year both to local and foreign markets, showing an increase of 119% compared to the previous fiscal year,” he added.
The Energy Ministry plans to raise Iran’s desalinated water capacity for household supply to 7% by 2025 from the current 3% and reach 15% by 2040.
Currently, 75 water desalination plants are operating across the country with a total capacity of 444,000 cubic meters per day, or 162 million cubic meters a year, the Energy Today website reported.
The output is in accordance with national standards related to microbial, physical and chemical parameters.
A total of 1.59 million tons of goods worth $621.76 million were exported from the Khosravi Border Terminal in Kermanshah Province’s Qasr-e Shirin County to the neighboring Iraq during the first nine months of the current Iranian year (March 21-Dec. 21), registering a 43% and 28% rise in weight and value respectively compared with the similar period of last year, according to Mehdi Abbasian, a local customs official.
Iran and Turkey traded $4.93 billion worth of goods from the beginning of 2022 to the end of November to register a 16.24% year-on-year rise, latest data released by the Turkish Statistical Institute show.
Iran’s exports stood at $2.71 billion, up 22.3% while imports grew by 9.58% to $2.21 billion.
Bilateral trade stood at $437.93 million in November, down 14.38%, with Turkish exports at $225.59 million, up 3.08%, and Iranian exports at $212.33 million, registering a 27.44% fall.
“Clothing and Shoes”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 47.3% in the ninth month of the current Iranian year (Nov. 22-Dec. 21).
The group’s month-on-month and year-on-year inflation rates reached 2.2% and 45.6% respectively.
The 12 groups of the basket of consumer goods and services surveyed by the SCI include "food and beverages" with a coefficient of 26.64%, "tobacco" with 0.59%, "clothing and shoes" with 4.78%, “housing and utilities" with 35.5% (highest), "furniture, home appliances and their maintenance" with 3.93%, "health and treatment" with 7.14%, "transportation" with 9.41%, "communications" with 2.87%, "leisure and culture" with 1.65%, "education" with 1.86%, "hotels and restaurants" with 1.44% and "miscellaneous items and services" with 4.18%.
The Statistical Center of Iran has reviewed changes in prices of commodities exported from and imported to the country in the second quarter of the current Iranian year (June 22-Sept. 22, 2022).
According to SCI, the Export Price Index, an indicator measuring the overall change in prices of goods and services sold abroad, (using the year ending March 2017 as the base year), stood at 134.3 in Q2 in terms of rial, registering a 6.7% increase compared with the previous quarter and a 43.7% rise compared with the same quarter of the previous year.
The average EPI during the four quarters to Sept. 22 (annualized) witnessed a 66.1% growth compared with the corresponding period of the year before.
Tehran Stock Exchange-listed mining companies earned 4.86 quadrillion rials ($12.07 billion) in sales during the first nine months of the current Iranian year (March 21-Dec. 21), registering an 11% year-on-year rise in rial terms.
According to data released by Iranian Mines and Mining Industries Development and Renovation Organization, Mobarakeh Steel Company saw the highest volume of sales during the period with 1.14 quadrillion rials ($2.83 billion), up 10% YOY.
MSC is the biggest steelmaker in Iran and the Middle East and North Africa region, accounting for about half of the country's steel production.
The import of rice has been practically banned since early November and no kind of rice can undergo customs clearance, according to the head of Rice Importers Association of Iran.
“Respective officials have cited ‘balancing out bilateral trade’ as the reason for banning rice imports from the countries we normally purchase the grain from,” Karim Akhavan-Akbari was also quoted as saying by the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture.
His comments came after it was earlier announced that only Indian rice imports were banned.
The official said the government decision would cause shortage in the domestic market, since local production cannot meet domestic rice demand.
Iran’s yearly saffron production has reached 180 tons, 50% less than the country’s annual average, according to an official with Khorasan Razavi Province’s Agricultural Organization
“During the first month of spring, we had 60% less precipitation, which damaged most of our saffron farms. Later precipitations did not benefit the growth of saffron flowers. Under normal conditions, yields had to reach somewhere around 320 tons.” Gholamhossein Sareban was quoted as saying by ILNA.
The official noted that Torbat-e Heydariyeh, a county of Khorasan Razavi Province, is Iran’s biggest producer of saffron.
The National Development Fund of Iran bought 20 trillion rials ($49.8 million) in shares since the beginning of the current fiscal year last March, head of NDFI Domestic Investment Affairs said.
“The NDFI ventured into the commodity market last year and bought shares of 10 companies,” Mohammad Javad Danesh was quoted by the Securities and Exchange News agency (SENA) as saying. He did not name the companies.
The sovereign fund is looking to expand its scope and invest $80 billion in upstream energy industries over the next decade, Danesh said.
The Central Bank of Iran on Wednesday warned banks and credit institutions to uphold the newly-set interest rates on deposits or face prosecution.
In a notice seen on the CBI website, the regulator said despite earlier warnings its investigations found that some banks resort to dubious ways to attract big money by offering higher rates on deposits and outdo other lenders.
Some state-owned lenders are offering higher rates even though the CBI has not publicly approved the increase, media reports said Monday.
Tehran Stock Exchange's main index, TEDPIX, lost 12,239.10 points or 0.77% on Wednesday to end at 1,579,114.59. The TSE equal-weighted index lost 0.47%.
About 14.6 billion shares worth 80.96 trillion rials ($279.18 million) changed hands for the day. Trading at TSE and over-the-counter Iran Fara Bourse starts on Saturday and ends Wednesday.
Ma Insurance Company led the winner’s list as its shares jumped 6.98% to 3,143 rials per share. Leasing Khodro Ghadir Company was the big loser among all TSE-listed companies plunging 6.66% to 4,091 rials per share.
An estimated 3.76 billion retail transactions were processed by the domestic electronic payment network Shaparak in the ninth month of the calendar year to December 22.
Overall business via the major company was worth 8,334 trillion rials ($20.32 billion) – up 0.94% in volume and 8.12% in value on the month before, it said on its website.
In volume terms, transactions jumped 15.37% on the same month last year when 3.26 billion transactions worth 6,679 trillion rials ($16.2 billion) were processed. The value was up 24.78% y/y.
Shaparak presents figures in real terms after adjusting for inflation. When adjusted for inflation, the real value of transactions was up 6.08% on the month.
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