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Citizen Apologies for Damage after 10 Years!

By
IFP Editorial Staff
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Citizen Apologies for Damage after 10 Years!

In an anonymous letter to the organization offering public bus services, the Iranian citizen in the northwestern Iranian province of West Azarbaijan has apologized to the authority for having broken a “bar fastener” on the bus back in 2006, and asked for forgiveness.

Five-hundred thousand rials (roughly equal to $13) in cash has also been attached to the letter as compensation, according to a Farsi report by Khabar Online.

In response, the managing director of the organization thanked the anonymous writer, and expressed hope all fellow countrymen will be as responsible and caring about public property.

He also ordered the money to be deposited at the organization’s bank account.

 

Citizen Apologies for Damage after 10 Years!

Iran Launches Line for Mass Production of New Air Defence Missile

By
IFP Media Wire
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The production line of the state-of-the-art missiles was inaugurated during a ceremony on Saturday with Brigadier General Dehqan and Commander of Khatam al-Anbia Air Defense Base Brigadier General Farzad Esmaili in attendance.

During the event, a number of the long-range missiles were also delivered to the Khatam al-Anbia Air Defense Base.

Addressing the ceremony, Brigadier General Dehqan said the Sayyad-3 missiles have an operational range of 120 km and are able to fly at an altitude of 27km and designed to hit medium and long-range air threats.

Iranian military experts and technicians have in recent years made great headways in manufacturing a broad range of indigenous equipment, making the armed forces self-sufficient in the arms sphere.

Tehran has always assured other nations that its military might poses no threat to regional countries and others, saying that the Islamic Republic’s defense doctrine is entirely based on deterrence.

 

Iran, Saudi Arabia Trade Volume Stands at Zero: Official

By
IFP Editorial Staff
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Iran, Saudi Arabia Trade

“There is no import and export of goods between the two countries,” Head of Iran’s Trade Promotion Organization, Mojtaba Khosrow-Taj, said.

According to a Farsi report by ISNA, he stressed that today Iran imports some goods like food stuff from the Arab countries of the region.

“Iran’s policy has always been based on promoting relations with the neighbouring nations. We have never boycotted any of them, but some of them have already limited their trade ties with the Islamic Republic.”

Khosrow-Taj also said the Iranian government has not ordered the private sector to restrict their ties with the regional states.

“We have not limited their operations,” he noted.

ISIS Captives Shouldn’t Be Tortured: Iraq’s Top Cleric

By
IFP Editorial Staff
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Iran's President Lauds Ayatollah Sistani’s Vital Role after Controversy

Ayatollah Sistani has dismissed the concept of exacting revenge on ISIS terrorists taken captive, according to a Farsi report by SNN.

The senior cleric said the terrorists and their accomplices captured by Iraqi troops in Mosul should not be mistreated or tortured.

He said the mistreatment of ISIS captives is religiously and legally forbidden.

Ayatollah Sistani noted that the captives must be handed over to the Judiciary, and stressed the need to protect the lives of citizens.

A large number of ISIS militants were taken captive by Iraqi force in the operation to liberate Mosul.

ISIS militants made swift advances in northern and western Iraq over the summer of 2014, after capturing swaths of northern Syria.

Afterwards, a combination of concentrated attacks by the Iraqi military and the volunteer forces, who rushed to take arms after Ayatollah Sistani issued a fatwa calling for the fight against the militants, blunted the edge of ISIS offensive and forced the terrorist group withdraw from much of the areas it had occupied.

The northern city of Mosul was finally liberated a few days ago.

Iran Must Pull Out of Nuclear Deal: Senior Cleric

By
IFP Editorial Staff
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Ayatollah Ahmad Alamolhoda

Addressing a huge gathering of worshippers on Friday, Iran Leader’s representative in Mashhad Ayatollah Ahmad Alamolhoda referred to the nuclear deal between Tehran and world powers, and said he is amazed how on earth the officials in charge of Iran’s foreign policy have remained silent towards the US scandalous breach of promises over the past two years.

However, he added, I’m happy to see that the officials have finally expressed explicitly that Iran would pull out of the nuclear deal if the US continues to breach its promises.

Withdrawing from the JCPOA means recovering a serious loss, he noted, adding that the loss threatens the country’s independence.

“Whenever we stood firmly against the US and punched it in the face, it has been forced to sit back disgracefully,” he noted, according to a Farsi report by Entekhab.

He said the enemies have targeted Iran’s economy and this is part of their policy to force Iranians to sit for talks by exerting economic pressures on them.

Earlier, Foreign Minister Zarif warned that any major JCPOA violation on behalf of the US may result in Tehran’s withdrawal from the nuclear deal.

In an interview the National Interest earlier this week, Zarif said if it comes to a major violation, or what in terms of the nuclear deal is called significant non-performance, then Iran has other options available, including withdrawing from the deal.

Bus Equipped with Evaporative Cooler Unveiled in Iran

By
IFP Editorial Staff
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Bus Equipped with Evaporative Cooler Unveiled in Iran

“The first bus equipped with evaporative cooler has been unveiled in the province and we are planning to overhaul and equip 20 old buses with the cooler over the next couple of months,” said Mojtaba Khanjani, the head of Sistan and Baluchestan Bus Company.

According to a Farsi report by IQNA, Khanjani went on saying that after the overhaul process, the old buses will provide the provincial commuters with easy inter-urban trips.

“After the overhaul, the old buses will also be equipped with a library. Meanwhile, their seats are totally changed,” he noted.

Khanjani also said about $1,000 has been spent to renew the first bus which is equipped with evaporative cooler to counter the extreme heat in the province.

Elaborating on the advantages of equipping the provincial buses with an evaporative cooler, he said, “The cost of maintenance of such ventilators is too low.”

He added the cost is not comparable at all with that of the vapour-compression refrigeration system.

“With the opening and closing of the buses’ doors, no big change is made in the temperature of the weather inside the busses,” Khanjani noted.

He also said evaporative coolers can keep cool the weather inside the buses even at the hot weather of 40 degrees celcius. The electricity for the coolers is provided by the buses’ engines without posing any dangers to the commuters.

“The required water for the coolers is also pumped from a reservoir installed under the busses,” he said.

“The first bus equipped with evaporative cooler in Iran was unveiled in the southern province of Kerman, and Sistan and Baluchestan province is among the pioneering provinces in this field,” he concluded.

Iran Studying Plan to Hand Out Diluted Drugs to Addicts

By
IFP Editorial Staff
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Iran's Parliament

Iranian lawmakers have adopted a motion to distribute diluted narcotics among drug addicts in a bid to cut off their relationship with drug traffickers, said Hassan Norouzi, the spokesperson for the Parliament’s Judicial and Legal Commission.

“The plan to distribute [low-grade] drugs is similar to what used to be implemented before the [1979 Iran’s Islamic] Revolution,” he noted, according to a Farsi report by ILNA.

He said all relevant authorities have given the go-ahead to the proposal.

“Given the special emphasis that the Establishment’s macro-policies put on the necessity of cutting off the relationship between drug addicts and narco-traffickers, we decided that the government hand out diluted drugs to addicts, so that they will be able to give up their addiction gradually and, instead of being drawn to drug-traffickers, turn to the Establishment and meet their needs through official channels,” he said.

He then noted that the commission will continue its work to finalize the plan’s approval.

As for what kinds of narcotics the government is to distribute among drug addicts, he said, “These drugs include methadone and substances more diluted than previous ones, and the authority to decide on that rests with bylaws which are to be jointly drawn up by the Ministry of Justice and [Iran’s] Drug Enforcement HQ, and which could come into effect after getting the all clear from the Cabinet,” said the top lawmaker.

He was asked whether or not the proposal provides for the substitution of industrial drugs. In response, the spokesman said, “The same bylaws will be the reference to make a decision on that, and our objective is to sever the relation between drug addicts and narco-traffickers.’

He underscored the representatives of all authorities involved in the proposal were present at the meeting of the commission and all agreed to the plan.

A Look at Iranian Newspaper Front Pages on July 22

By
IFP Editorial Staff
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The top story today was the eighth meeting of the JCPOA Joint Commission held in the Austrian capital of Vienna. During the meeting, Iran complained about the US violation of its commitments under the nuclear deal, but was not convinced of the other parties’ justification.

Meanwhile, the remarks by President Hassan Rouhani and Foreign Minister Mohammad Javad Zarif about the US breach of its promises and even talks of withdrawing from the nuclear deal were widely covered by conservative newspapers, which highlighted the fact that Rouhani’s government is no longer over-optimistic about the other parties of the Iran nuclear deal.

Another top story today was Kuwait’s move to deport several Iranian diplomats over allegations that Tehran has rejected.

The above issues, as well as many more, are highlighted in the following headlines and top stories:

 

Abrar:

1- Deputy FM Araqchi Criticizes US for Non-Constructive Behaviour

2- Kuwaiti Envoy Summoned to Iran Foreign Ministry

3- US Counter-Terrorism Forces Deployed in Qatar

 

A Look at Iranian Newspaper Front Pages on July 22

Abrar-e Eqtesadi:

1- India’s New Oil Threat against Iran

 

A Look at Iranian Newspaper Front Pages on July 22

Afkar:

1- US Should Stay 1km Away from Iranian Borders If IRGC Blacklisted: Commander

 

A Look at Iranian Newspaper Front Pages on July 22

Aftab-e Yazd:

1- Zarif: I’m Not Opposed to Meeting with Tillerson

2- Parliament: Gov’t Needs to Distribute Diluted Narcotic Drugs

3- Cleric: Hajj Pilgrims Shouldn’t Be Worried about Going to Saudi Arabia

 

A Look at Iranian Newspaper Front Pages on July 22

Arman-e Emrooz:

1- Rouhani in Dilemma of Demands, Deals

2- ICT Minister: You See Filtering Does Not Work

3- Plan Approved for Legal Distribution of Narcotics

 

A Look at Iranian Newspaper Front Pages on July 22

Asr-e Iranian:

1- Palestinians Third Intifada Imminent

 

A Look at Iranian Newspaper Front Pages on July 22

Etemad:

1- President: Gov’t Should Be Run by Those Favoured by 24m Voters

2- Kuwait’s Cautious Diplomacy

3- Master of Diplomacy’s Attack from Heart of US

  • Zarif Talks of Independent, Peaceful Iran in US Media

4- Victims of ‘Dez River’

  • 2 Killed, 3 Missing Due to Tourists’ Carelessness

 

A Look at Iranian Newspaper Front Pages on July 22

Ettela’at:

1- President: It’s Not Time for Arguments; We Should Think about Iran’s Future

2- Assad’s Army, Hezbollah Launch Major Operation to Clean Syrian-Lebanon Border

3- Zarif: JCPOA Opens New Horizon for Dialogue, Mutual Respect in World

4- Appreciation Ceremony Held for Professor Maryam Mirzakhani

 

A Look at Iranian Newspaper Front Pages on July 22

Ghanoon:

1- Wandering Spirit of JCPOA

  • 8th Meeting of JCPOA Joint Commission Held in Vienna

 

A Look at Iranian Newspaper Front Pages on July 22

Hamdeli:

1- Cabinet Formation under Pressure

 

A Look at Iranian Newspaper Front Pages on July 22

Iran:

1- Rouhani: Next Gov’t to Be Non-Partisan

2- Bloody Friday in Quds: 3 Martyred, 300 Wounded in Day of Rage Rallies

 

A Look at Iranian Newspaper Front Pages on July 22

Javan:

1- Zarif: We All Know JCPOA Deficits Now

2- Rouhani: We Won’t Ignore US Violations, Will Stand against Them

3- Quds Turns into Military Barracks

 

A Look at Iranian Newspaper Front Pages on July 22

Jomhouri Eslami:

1- CIA Chief Outraged by Nuclear Deal

2- Ayatollah Sistani: ISIS Elements Kept as Prisoner Should Not Be Tortured

3- Turkey’s 22 New Dams Endangering 2 Important Water Resources in Iran

 

A Look at Iranian Newspaper Front Pages on July 22

Kayhan:

1- Rouhani Finally Admits JCPOA Has Been Violated

2- President Vows to Stand against US Violation of Its Commitments

3- 25,000 Foreign Cars Imported in 3 Months

4- Houthi Leader to Hezbollah Chief: We’re Ready to Fight Israel

5- Kuwait Expels 15 Iranian Diplomats to Please Zionists

 

A Look at Iranian Newspaper Front Pages on July 22

Khorasan:

1- Countries Boycotting Qatar Decrease Number of Demands from 13 to 6

2- Instagram Ready to Block Pages on Iran’s Request

 

A Look at Iranian Newspaper Front Pages on July 22

Rooyesh-e Mellat:

1- Ayatollah Khatami: It’s Establishment Decision to Send Pilgrims to Hajj

2- Deputy FM Araqchi: US New Sanctions Poisoning Atmosphere

 

A Look at Iranian Newspaper Front Pages on July 22

Setareh Sobh:

1- The Cabinet of 24 Million Iranians

 

A Look at Iranian Newspaper Front Pages on July 22

Shahrvand:

1- Poverty Shouldn’t Be Transferred from One Generation to Other: Deputy Minister

2- Health Minister: I’ll Definitely Remain in My Post in Next Cabinet

3- Kuwait’s Challenge with Iran under Saudi Arabia’s Political Pressure

 

A Look at Iranian Newspaper Front Pages on July 22

Vatan-e Emrooz:

1- End of Optimism: Rouhani Says US Is Two-Faced, Violating Letter, Spirit of JCPOA

2- Outburst of Quds’ Anger

3- Kuwait Playing in Saudi Style

 

A Look at Iranian Newspaper Front Pages on July 22

Which Markets in Iran Are Most Profitable?

By
IFP Editorial Staff
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Which Markets in Iran Are Most Profitable

During the past years, some emerging markets in Iran have grabbed the attentions of investors including the sale and purchase of Mobile SIM Cards, vehicles and so on. But there are five markets with the largest amount of profitability: stock trading, banking, gold, currency, and real estate.

According to a Farsi report by the Iran daily newspaper, the Islamic Republic underwent deep changes in the aforementioned markets under former president Mahmoud Ahmadinejad. About ten years ago, the real estate market topped the list of most thriving markets in Iran with a rapid growth in average apartment prices per square metre. About five years later, the currency (and to some extent the gold) market ranked first at the list among most profitable markets in Iran. The investors made considerable profits in this market due to the unprecedented fluctuations of gold prices.

But the economic stability was restored to Iran’s economy after the inflation rate fell and the emotional fluctuations of bank deposits began to decrease. This paved the way for the financial market to replace the top thriving markets.

Today, as a low risk investment, the bank deposits have begun to attract the attentions of the investors. Meanwhile, the Iranian banks’ decision to raise the interest rate of their deposits to 25 percent (from 15 percent approved by the government) made the deposits a safe investment for people. But despite the changes, it is not clear yet whether or not the market will remain at the top of the most profitable markets in Iran by the end of the current Iranian calendar.

In the latest survey conducted by the Iranian state-run TV on the profitability of different markets in Iran, most of the viewers voted for stock exchange as the most profitable market. According to the survey, 40.6 percent of the participants said trading stocks is more profitable compared with gold and real estate markets. Meanwhile, bank deposits with 25.25 percent ranked second in the list. Gold and real estate markets stood respectively as the third and fourth profitable markets in Iran.

 

Profitability of Iranian Markets over Past Year

A brief overview of the profits gained in the financial, gold and real estate markets over the past year reveals that the financial market rank first with a profit of 18.79 percent. But since the interest rate of bank deposits are considered riskless, the real profitability of this market has been negative over the past year.

A report by the Research and Development Department of Iran’s Stocks Company says after over-the-counter, the profitability of coin, stocks and dollar markets stand respectively as the second to fourth in the list of most profitable markets. In a period of 9, 6 and 3 months, the nominal profits of financial, coin and real estate markets were less than the profits of the low risk market of the bank deposits. In other words, the economic loss of investments in each of the mentioned markets is more than those in the bank deposits.

While the nominal profits of financial market have been positive in a nine-month period, the nominal profits of currency and stocks markets have been negative in the six-month period. In a three-month period, after bank deposits, the nominal profits of over-the-counter, stocks and coin markets have been respectively 3.29, 1.59 and 1.01 percent providing the investors with the highest profits compared with other markets.

During the same period, the profit of dollar market has been minus 0.16 and the profit of real estate experienced a limited growth of 0.74 percent. This comes as observers say if the interest rate is decreased by the Central Bank in the coming weeks, we are going to see a deep change in the ranking of the most profitable markets in the near future. The order of the list will also change when the markets are evaluated by their real profit which is calculated by decreasing the current inflation rate from the nominal profit rate.

 

Real Estate Market

The average apartment price per square metre in Tehran began to rise steadily during the first three months of the current Iranian calendar year after a short drop in the first month.

Observers expected that the average apartment prices keep up their growth steadily. This is mainly due to the annual growth of the real estate market in the first three months of the Iranian calendar year as well as the growing inflation rate over the past months. Reports say, during the first three months of the current Iranian calendar year, the average apartment price per square metre in Tehran increased by 4.9 percent compared with the same period last year.

 

Gold Coin Market

The coin and gold market won the title of the most profitable market of Iran last year. In the current Iranian calendar year, the market experienced a considerable instability. In the first 90 days of the current Iranian calendar year, the fluctuation of the gold price experienced a limited 1 percent growth. This comes as the average gold coin price has had an 11.11 percent growth in the same period.

 

Foreign Currency Market

Iran’s currency market has had a stable condition over the past four months. The price of one US dollar in the first three months of the current Iranian calendar year has experienced limited fluctuations. By the end of the first three months of the year, we also witnessed a decrease in the price of all currencies. The profitability of the currency market during the first three months of this year dropped to minus 0.9 percent. Meanwhile, the average price of one US dollar decreased by 2.16 percent compared with last year. The average price of each US dollar had a 1.23 percent growth compared with the same period five years ago.

 

Stock Exchange Market

In the first three months of the current Iranian calendar year, out of 38 active industries in Tehran Stock Exchange, 23 industries had a considerable profitability, 13 industries experienced losses and 2 industries remained unchanged in financial terms. The three groups of Coal Extraction, Coal Mining and Paper Production were ranked as high-risk industries. On the other hand, banks, financial institutions, communication and textiles industries were ranked as low-risk industries. Out of 38 industries in Tehran Stock Exchange market, the Paper Production Group with 68 percent profitability provided its stakeholders with the highest profit during the first three months of the current Iranian calendar year.

JCPOA Joint Commission Holds Meeting in Vienna

By
IFP Editorial Staff
-
JCPOA Joint Commission Holds Meeting in Vienna

During the Friday meeting, the participants reviewed the implementation process of various sections of the JCPOA including sanctions removal and technical aspects of the deal.

During the talks on the technical aspects, the representatives discussed the latest developments in the projects underway to modernize Arak Heavy Water Reactor and to produce stable isotope in Fordow Plant.

They also reviewed issues connected with the production of nuclear fuel in Iran as well as the technical and safety aspects of the production process and agreed on a number of measures to accelerate and facilitate the relative process to pursue the developments made in different sections.

On the other hand, all participating delegates welcomed the International Atomic Energy Agency’s move to confirm Iran’s adherence to its commitments under the JCPOA for the sixth consecutive time since its implementation in 2016.

The Commission also discussed a report on the “Peaceful Nuclear Cooperation” between Iran and the P5+1 as stipulated in the third appendix of the JCPOA. The report had been prepared one day earlier during a meeting between the experts of the participating delegates.

The Joint Commission welcomed the expanded bilateral and multilateral cooperation between Iran and the P5+1 carried out or underway within the framework of the Peaceful Nuclear Cooperation and called for further expansion of the cooperation.

Meanwhile, during the meeting, the coordinator of the JCPOA Procurement Channel’s working group delivered a report on the latest measures adopted to provide Iran’s industry with access to sensitive dual-use goods. The joint commission praised the Procurement Channel for its continuous and appropriate operations.

On anti-Iran sanctions, the Islamic Republic’s delegate delivered factual and in-depth reports on the United States’ breach of promises as well as its stonewalling and procrastination in fulfilling its obligations under the JCPOA.

In reaction to Iran’s harsh criticisms, the US delegate announced that Washington has remained faithful to its commitments under the nuclear deal in spite of the changes in the US administration. The US representative also stated that the country has carried out all legal procedures to remove nuclear-related sanctions on Iran.

The participating delegates unanimously stressed the importance of a balanced implementation of the JCPOA as well as the necessity of removing the sanctions on Iran as stipulated in the nuclear deal. They also called for the fulfilment of pledges under the deal by all sides.

The Joint Commission also issued a strong statement to voice the full support of all delegates for the implementation of the JCPOA by all sides with goodwill and constructive approach. The support was explicitly stated in the press release of Helga Schmid as Secretary General of the European External Action Service.

The Islamic Republic of Iran said it is seriously pursuing the US breach of promises in the implementation of the nuclear deal. It also stressed that it preserves the right to react to the US negative stance towards the JCPOA.

It goes without saying that in line with its political and diplomatic efforts to follow up on the issue, the Islamic Republic of Iran is closely monitoring the positive and negative measures of the US, and will consider all appropriate options in dealing with the issue while consulting with its international partners.

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