Tens of thousands of Iranians were left without gas to heat their homes at the weekend as unusually cold weather swept across the country, the state broadcaster reported.
Gas deliveries were cut to about 90,000 residential users in the north-eastern Razavi Khorasan province by Saturday night, Governor Yaghoub-Ali Nazari said on national television.
Supplies were also disrupted in at least four other northern provinces and several districts at the tail end of the national gas pipeline network near the country’s eastern borders, according to reports by state TV.
President Ebrahim Raisi paid an unannounced visit on Sunday to the national gas company and was briefed on the supply situation.
Mr Raisi told employees at the National Iranian Gas Company that the closure of offices and organisations was not a suitable solution in addressing the shortage.
He said the priority was the delivery of gas to houses, Tasnim news agency reported.
Officials said most of the country was experiencing freezing temperatures unseen in the last decade, which has driven demand for the heating fuel to record highs.
Authorities ordered the closure of schools, state-run offices and privately owned businesses across Tehran province on Sunday and called on people to avoid travel to the city of Mashhad, home to Iran’s holiest pilgrimage shrine that attracts millions every year.
Oil Minister Javad Owji said shortages were made worse after Turkmenistan on Thursday halted gas exports to meet its own domestic demand. Iran relies on those deliveries to supply its northern regions.
“We are gas independent, but we are at the peak of gas consumption,” Mr Owji said last week. “Our first priorities are domestic, so sustainable consumption is required.”
The shortage has had a knock-on effect in Iraq, which depends heavily on Iranian gas to operate its power plants.
Since early this month, Iran has reduced its natural gas exports to Iraq to about 7 million cubic metres per day, Iraqi Electricity Ministry spokesman Ahmed Mousa told The National.
“We need between 30 to 50 million cubic metres a day from Iran,” he said.
“Therefore, the reduction has affected our ability to meet the demand and has increased power outages across the country.”
He said Iraq has lost up to 5,000 megawatts from its national grid, which produces about 16,000MW.
Iraq's Electricity Minister is scheduled to visit Tehran this week to discuss the issue, Mr Mousa said.
The cold spell in Iran has also affected its road transport, with one route in Isfahan province forced to close after more than two metres of snow fell early last week. Officials said the road could not be reopened until spring if the snow was not cleared, the Iran press agency said.
Snowfall did not dampen Iran's protest movement entirely. Video shared by US-based NGO the National Union for Democracy in Iran showed demonstrators holding hands and singing protest songs in the snow.
With reporting from Sinan Mahmoud in Baghdad
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
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ENGLAND TEAM
Alastair Cook, Mark Stoneman, James Vince, Joe Root (captain), Dawid Malan, Jonny Bairstow, Moeen Ali, Chris Woakes, Craig Overton, Stuart Broad, James Anderson
MATCH INFO
Asian Champions League, last 16, first leg:
Al Ain 2 Al Duhail 4
Second leg:
Tuesday, Abdullah bin Khalifa Stadium, Doha. Kick off 7.30pm
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Day 5, Abu Dhabi Test: At a glance
Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.
Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.
The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Profile of Whizkey
Date founded: 04 November 2017
Founders: Abdulaziz AlBlooshi and Harsh Hirani
Based: Dubai, UAE
Number of employees: 10
Sector: AI, software
Cashflow: Dh2.5 Million
Funding stage: Series A
Scores
New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs
New Zealand win by 47 runs
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets