Iran’s seven-month trade with Persian Gulf states tops $17b
Iran traded 28.4 million tons of goods (excluding crude oil exports) worth $17.28 billion with the Persian Gulf’s six littoral states.
The latest data released by the Islamic Republic of Iran Customs Administration (IRICA) show the trade between Iran and the Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the United Arab Emirates (UAE), Bahrain, and Saudi Arabia, during the first seven months of the current fiscal year (March 21-October 22) registered a 22.68% and 1.13% year-on-year decline in terms of weight and value respectively, Mehr News Agency reported.
Iran’s non-oil exports to the six countries hit 21.56 million tons worth $7.69 billion during the period, registering a 24.36% and a 6.63% decrease in terms of weight and value YOY, respectively.
The UAE was Iran’s top trade partner among the countries under review with 13.23 million tons worth $12.91 billion.
It was followed by Iraq with 11.62 million tons worth $4.14 billion and Kuwait with 2.92 million tons worth $110.41 million.
Iran exported 2.35 million tons of commodities to the neighboring country of Iraq through Mehran international border in the western Iranian province of Ilam during the first eight months of the Iranian calendar year, a provincial official announced on Wednesday.
The figure shows an 84 percent increase in weight compared to the corresponding figure for the preceding year, Director General of Ilam Customs Administration Rouhollah Gholami told IRNA.
During the period, $1.9 billion worth of products were exported to Iraq, which indicated a 72 percent growth compared to that of the same period last year, the official underlined.
He further referred to ceramic, metal, petrochemicals, cement, plastics, and cars as the main products exported to Iraq.
Mehran is 230km away from Baghdad and is Iran’s closest border city to the Iraqi capital.
Venezuela to import 2,000 Iranian cars: Official
PRESS TV – Iran is planning to ship another 2,000 cars to Venezuela, an Iranian trade official said, in a further sign of a burgeoning relationship that appears to be developing beyond energy.
It comes after the first shipment of 1,000 Saina and Quik models built by Iranian company SAIPA headed to Venezuela from Bandar Abbas in southern Iran last week, in a ceremony attended by visiting Venezuelan Minister of Transport Ramón Velásquez.
“We agreed to export more than 100,000 cars from Iran to Venezuela within five years,” head of the Americas bureau of the Trade Promotion Organization of Iran Zahra Abiri said in remarks published Wednesday.
Venezuelan President Nicolas Maduro visited Iran in June during his trip to the region, where the two countries signed a 20-year cooperation plan.
Abiri said that in the 20-year agreement document, the most immediate cooperation between the two sides has been planned for the next two years.
“Iran and Venezuela are under US sanctions, both of which are members of OPEC and can cooperate effectively to neutralize the sanctions,” she said.
Abiri touched on Iran’s energy contracts to improve Venezuela's electricity system, send medicine, especially for curing cancer, exchange scientific cooperation and invest in Venezuela through more than 40 Iranian companies.
Iran knowledge-based firms fit for cooperation with Russia: Minister
IRNA – Minister of Information and Communications Technology of Iran Isa Zarepour emphasized that there are knowledge-based companies in the Islamic country which possess good capacities to kick off collaboration with Russians.
Zarepour made the remarks in a meeting with Deputy Minister of Digital Development, Communications and Mass Media of the Russian Federation Shoytov Alexander Mikhailovich, noting that parts of agreements reached during his summer trip to Russia have ended in contracts, but some others have not been implemented yet.
Regarding the joint ventures between Russia and Iran on fields related to his ministry, including telecommunication infrastructure and aerospace collaboration, he noted that the talks between the two countries will help remove obstacles in the way of such cooperation.
The Russian deputy minister, for his part, referred to the growing pace of collaboration between Russia and Iran in telecommunications and information technology, saying that a team of representatives from Russian companies is accompanying him on the visit to Tehran.
“As a result of the imposition of sanctions on Russia, we have planned to manufacture our required equipment inside the country in a certain period, and we can utilize the capabilities of Iranian companies to achieve this end,” he stated.
Wellesley College sociologist Smitha Radhakrishnan:
Nobel Peace Prizes are always political
As part of a more extensive interview on her book ‘Making Women Pay: Microfinance in Urban India’ (Duke University Press, 2021), which takes a critical look at how microfinance works in the Indian context, we asked Smitha Radhakrishnan, professor of sociology and women's studies at Wellesley College, if she thinks that her take on the 2006 Nobel Peace Prize which went to the Bangladeshi social entrepreneur Muhammad Yunus for his pioneering role in promoting the concept of microfinance. The whole interview will be soon published by Iran Daily.
SMITHA RADHAKRISHNAN: Nobel Peace Prizes are always political. I don't think that they're ever free from political influence. That said, everything happens in a time and place and in a context. Moreover, in Bangladesh, in particular, although there have been a lot of very vocal criticisms of microfinance that have unfolded since then, it's pretty clear that Muhammad Yunus at the time had made some pretty important contributions to transforming rural economies in Bangladesh. And, at any rate, any good prize deserves a critique! So, I wouldn't go so far as to say it was not deserved. However, there was a time and place for it, but it changed.
One of the lessons of my book is that this is not an industry that’s static. We tend to think about microfinance as a market-based development intervention, and you bring it in, and then you get into a kind of economistic way, for lack of a better word, like “Did it improve things, yes or no?”
But what this is actually doing is introducing debt and finance into the fabric of the working class folks lives. And that, in a context where people are trying to mainly secure a living a sustainable living, is a pretty big change or transformation, and in many ways, lets the state off the hook for providing basic access to livelihoods.
One of the things that I show in my book in regards to India is that it is clearly the case that one of the unintended – or perhaps intended – effects of the small loans has been to keep women trapped at the bottom of labor markets. They are working class women, and what they're mainly doing is managing loans from multiple sources, and taking up domestic work or other poorly-paid low-status works in order to be able to manage those funds.
I don't think Yunus really dealt with that aspect of it, i.e., what the goal is in terms of women in labor markets. He had a slightly different motivation, which was to get them to start small businesses, and he had an idea about keeping people within rural economies in order to be able to prevent them from migrating to cities. Which might have been useful in some cases in that time and place.
But these bigger questions about debt, about the position of women in labor markets, about households and how they run and how power is negotiated within households in relation to resources, I don't think Yunus was thinking about them. And we still don't think about those things when we're designing policies, which to me should be at the center of any conversation about economic development.
Refinery registers innovative knowledge-based project
SHANA – The CEO of Shahid Hasheminejad Gas Processing Company announced registration of a new innovation by the refinery by relying on knowledge-based activities.
Yahya Feizi referred to the operation of Unit No. 1 of the acid gas concentration project of Shahid Hasheminejad Gas Refinery and the beginning of the executive operation of Unit No. 2 of this project, stating that the project is completely knowledge-based and has been patented as an innovation.
He stated: “We used the most advanced chemical engineering simulation software in the design of the concentration tower.”
Feizi added: “The absorption and repulsion mechanisms designed in this tower, which finally causes the complete absorption of hydrogen sulfide gas and the complete release of carbon dioxide gas selectively, are used based on the equilibrium relations of chemical reactions with the appropriate selection of temperature and pressure conditions for the release of carbon dioxide gas and the absorption of hydrogen sulfide gas in a tower with a height of 43 meters and a weight of 110 tons.”
The CEO of Shahid Hasheminejad Gas Refining Company stated that the design of a tower with these dimensions and features was done for the first time among the gas refining industries of the world by the capable hands of Hasheminejad Refinery engineers and with the help of knowledge-based expert consultants, and stated: “In addition to the tower, the design of all heat exchanger pumps, air fans and separators were also done with domestic know-how.”
Feizi emphasized: “The construction of the tower and all the mentioned equipment was done by capable domestic companies, which is a real manifestation of the slogan of the year Production: Knowledge-Based and Job-Creating.”
He pointed out that if it wasn’t for this innovative, knowledge-based initiative, for one thing, the company would have had to import equipment from overseas worth approximately $10 million, thereby increasing the outflow of currency from the country.