Iran Economy

Some 110 consignments dispatched to help fight the coronavirus outbreak in Iran have been cleared at the Customs Office of the Imam Khomeini International Airport.

The Iranian president has issued fresh orders with regards to the campaign against the coronavirus as well as the necessity of propping up businesses affected by the COVID-19.

The government of Hassan Rouhani has announced details of its plans to counter the coronavirus and support businesses affected by the epidemic.

Iran’s President Hassan Rouhani has given an assurance that the country will have no problem supplying the foreign currency required for health facilities and basic commodities.

The Iranian first vice-president has called on fellow countrymen to reach out to, and introduce those in need, including those whose livelihoods have been affected by the COVID-19 outbreak.

A temporary halt in the printing of Iranian newspapers due to Nowruz holidays may get much longer due to the closure of printing houses in the wake of outbreak of coronavirus.

The Iranian administration has ratified a 1,000-trillion-rial economic relief package to protect the businesses and people affected by the coronavirus epidemic.

A social distancing plan to contain the spread of the deadly coronavirus has gone into effect in Iran in as of Friday, forcing business owners to close or remain open during the enforcement of the plan.

Iranian President Hassan Rouhani says some 750 trillion rials (around $5 billion) will be made available to businesses affected by the coronavirus outbreak.

Iran’s first vice president says owners of small businesses who have been affected by the coronavirus outbreak should rest assured that their losses will be compensated.

Iran’s First Vice President Es’haq Jahangiri says the government has made decisions to compensate for the economic impacts of the coronavirus outbreak on the lives of the poor.

Iran’s deputy industry minister says the production, supply, and distribution of the people's urgent needs, especially those related to the COVID-19 disease will not be interrupted with the beginning of efforts to clear the streets.

Iranian First Vice President Eshaq Jahangiri has issued an order to provide special support for the female-householder families and mitigate the harmful effects of the novel coronavirus outbreak on them.

The Iranian businesses exporting non-oil products are exempted from paying the tax provided that the hard currency earned from the sale of goods is repatriated, Minister of Economy Farhad Dejpasand has announced.

Iran Minister of Economy Farhad Dejpasand says that the country has pulled itself out of economic recession, as the economic growth without taking oil revenues into account has been positive from March to November 2019 despite the US sanctions.

The CEO of Shahr-e Aftab Exhibition says Iran’s export capabilities are the result of the country’s manufacturing capabilities, and the more the Islamic Republic distances itself from oil, the more its export capabilities increase.

Iran’s economy minister says in the first six months of the current Iranian year, the amount of foreign investment in the country has increased by 50% compared to the same period last year.

Caretaker of the Iranian Ministry of Agriculture says a rise in the domestic production of sugar has helped the government save nearly $1 billion in imports from abroad over the past seven years.

An Iranian senior official says the value of Iran’s imports and exports during the past ten months has been over 72 billion dollars, which shows a rare increase in value.

Iran’s minister of roads and urban development says all transit and customs issues between the Islamic Republic and the neighbouring countries have been resolved, and the Iranian fleet can now move to Europe and China.

Iranian Vice President says the government is to build houses for low-income families, including ten thousand residential units for the people of Khorasan Razavi province.

Iranian President Hassan Rouhani has called on the Muslim world to find ways to get rid of the dominance of the US dollar in the world economy.

One-fourth of the total imports into Iraq come from Iran, an Iranian official has announced.

One of the most fervent advocates of new regulations on fuel consumption in Iran says a series of public protests in the wake of a recent hike in the price of subsidized gasoline had other social reasons.

Iran’s energy minister says the country has already received a $2.2-billion loan from Russia and the remaining $2.8 billion would be paid to Iran in the next month.