karafarinane Eghtesad News Agency

*** IRAN DAILY

--Iran’s thermal power generation grows by 8%: TPPH

Iran’s thermal power stations generated 324 billion kilowatt-hours (kWh) of electricity during the previous Iranian year (ended on March 20) to register an eight percent rise compared to the preceding year, announced an official with the Thermal Power Plants Holding (TPPH).
According to Omid Abdolmaleki, the director of TPPH’s Production Planning and Operation Department, of the said figure, 181 billion kWh was the share of combined-cycle units, 84 billion kWh pertained to steam units, and 59 billion kWh was generated by gas-fired power plants.

-- Russia: Iranian clothing brands to replace Western labels in national market

While Moscow faces increasing Western sanctions over the conflict in Ukraine, Western clothing brands are now expected to be replaced with Iranian ones in the Russian market over a span of three years.
According to a proposal made by the Russian Council of Shopping Centers (RCSC), Western clothing brands that have left the Russian market due to sanctions over the country’s military operation in Ukraine could be replaced by Iranian companies that produce leather clothing, shoes, and bags.
Russia’s state-owned news agency TASS reported that Oleg Voytsekhovsky, the head of the RCSC, had met with representatives of Iranian business associations at the Iranian embassy in Moscow, where it was agreed that a replacement of Western clothing brands with the Iranian ones might occur within three years.

-- Seventh National Toy Festival in Tehran

The nights of the holy month of Ramadan provide a wonderful opportunity for holding exhibitions and festivals in Iran. The interest and enthusiasm shown by the people add a wonderful splendor and a special magnificence to these events.
Unlike other months of the year, the exhibitions and festivals held in Ramadan, usually begin before sunset and continue until one hour after midnight.
Due to the outbreak of COVID-19, no cultural exhibition was held in the country during the past two years and only a limited number of expos were held virtually.

*** KAYHAN INTERNATIONAL

-- IRGC: New Aggression Sign of Zionist Regime’s Panic

The Islamic Revolution Guards Corps says the new wave of Israeli crimes and aggression at Al-Aqsa Mosque reveals the depth of Zionist panic over the rise of a modern Intifada (uprising) in Palestine, reaffirming its unwavering support for the Palestinian resistance.
In a statement, the IRGC strongly condemned the Zionist regime’s intensified attacks on Palestinians. It said the new wave of the Israeli acts of aggression has been triggered by the spread anti-Israeli struggle among the younger generation, and rise of resistance capabilities.

-- Iran Blasts UK’s Commodifying of Asylum Seekers

Iran has censured a plan by the UK to forcefully transfer asylum seekers to the East African nation of Rwanda, calling it a breach of international commitments and responsibilities.
London’s decision is contrary to the spirit and text of the convention on asylum seekers, Iranian Foreign Ministry spokesman Saeed Khatibzadeh said, noting that the move “entirely neglects human and ethical considerations”.
He said the treatment of refugees like commodities, violently or contemptuously is “contrary to human honor”.

-- Inflation Surge Slashes $11tn From World’s Negative-Yielding Debt

This year’s hawkish change in tack from central banks is near ending the period of negative-yielding debt, shrinking the worldwide tally of bonds with sub-zero yields by $11tn.
Bond costs have tumbled this year as central banks transfer to finish large-scale asset purchases and lift rates of interest of their battle with hovering inflation, pushing yields in lots of massive economies to their highest ranges in years.
Consequently, bonds price $2.7tn presently commerce at a yield of lower than zero, the bottom determine since 2015, and a pointy plunge from greater than $14tn in mid-December, based on the Bloomberg international mixture bond index — a broad gauge of the fastened earnings market. Wiping out unfavorable yields totally would mark a return to normality for a broad vary of massive traders.

*** TEHRAN TIMES

-- Annual exports to African, Arab countries rise 20%

The value of Iran’s exports to its African and Arab trade partners increased by $2.6 billion or 20 percent in the previous Iranian calendar year (ended on March 20), Farzad Piltan, director-general of Trade Promotion Organization (TPO)’s Office of Arabian and African Countries, said.

According to Piltan, Iranian exports to Arab and African countries reached $16.293 billion in the previous year, while the figure stood at $13.595 in the preceding year, the TPO portal reported.

-- Efforts being made to develop Bushehr’s handicraft exports, official says

There are efforts being made in the southwestern Bushehr province to increase handicraft exports, the provincial tourism chief has said. Handicrafts from Bushehr are unique, well-made, and well-known products in the country, Esmaeil Sajadimanesh explained on Saturday.

The craftspeople of the province could benefit from the capacity of the markets of the Persian Gulf states as well as European countries to ensure their prosperity, productivity, and economic development, the official added.

-- Knowledge-based development reduces migration of educated elite

The establishment of knowledge-based companies and the development of innovation ecosystems in the country, according to officials and people working in the technology sector, have decreased the rate of migration by the educated elite.

One of the main assets of any country is its human resources, especially the elite and the educated. In Iran, the issue of elite immigration has always been one of the important concerns of decision-makers and politicians. However, this area faces a serious lack of credible statistics and research needed for effective policymaking.

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