Economy

Tehran Stock Exchange Index Hits Record High of 900,000 Points

The benchmark Tehran Stock Exchange (TSE) index managed to break above its all-time highs hitting over 900,000 points.

Iran Eyes Resumption of Border Exchanges with Neighbouring Countries

The Iranian president says border exchanges and transportation of commodities with neighbouring countries should be resumed while observing health protocols.

Iran Issuing Directives for Reopening of Businesses, Public Gatherings

The Iranian president says directives for the reopening of businesses and public gatherings are to be discussed and approved at the upcoming meeting of the upcoming National Coronavirus Headquarters.

Iran Allocates $10 Billion to Compensate Industry Losses During Corona Outbreak

Iran’s Minister of Industry, Mine and Trade says the government has allocated a great amount of money to help the industries which are damaged by the spread of the coronavirus.

Iran, Pakistan Weigh Plans to Resume Trade, Broaden Economic Ties

President of Iran Hassan Rouhani and the prime minister of Pakistan have called for efforts to resume trade exchanges between the two neighbors following a halt in the wake of the coronavirus outbreak, and discussed the ways to enhance bilateral economic relations in defiance of the US sanctions.

Iran Says Almost All Border Crossings Reopened by Neighbours

Iran Says Almost All Border Crossings Reopened by Neighbours.

Iran’s EAEU Accession Good Chance for Boosting Ties with Belarus

Iran's trade minister says the country’s membership in the Eurasian Economic Union (EAEU) will be an ideal opportunity for the enhancement of trade cooperation...

Iran Distributing Millions of Aid Packages amid COVID-19 Outbreak

The head of Iran’s Organisation for Mobilisation of the Oppressed, also known as Basij Mostazafin, says an aid program called Momenaneh is underway in the country to help the needy in the wake of the COVID-19 pandemic.

Non-Oil Exports from Iranian Ports Increase by 4 Percent: Official

An Iranian official says the export of non-oil products from the country’s ports in the last Iranian year has increased by 4% compared to a year before.

Iran Able to Export Health Items Needed to Fight COVID-19

The Iranian president says the country is able to export some health items needed to fight the coronavirus.

Iran Gov’t Selling Shares of Huge State Companies at Stock Market

Iran’s president has tasked the ministry of economic affairs to facilitate the selling of the shares of major state companies at the stock market as soon as possible.

Iran Struggling with Virus of Sanctions amid COVID-19 Outbreak: Rouhani

Iranian President Hassan Rouhani has assured people that his administration is doing its utmost to alleviate hardship among the social groups while the country is grappling with two viruses at the same time, the coronavirus and the sanctions.

Iran to Grant Loans to Employers to Prevent Layoffs

Iran will offer low-interest loans to employers to keep their employees on the job amid the coronavirus outbreak, a top official says.

COVID-19 Inflicts Huge Losses on Iran’s Culture, Art, Media Sectors

The coronavirus outbreak has inflicted over Rls. 9.76 trillion ($65 million) in losses on Iran’s culture, art and media sectors, a top official says.

Dark Picture of Iran Portrayed by Enemies ‘Sheer Lie’: Rouhani

Iran's President Hassan Rouhani says the dark picture of Iran portrayed by enemies is baseless and an outright lie.

New Economic Plans Needed to Counter Fallout from COVID-19 Outbreak: Iran VP

Iran’s first vice president says new economic programs are required in order to tackle the repercussions of the coronavirus outbreak.

Iran to Allocate $250,000 to Make up for Tourism Industry Losses

Iran’s Minister of Cultural Heritage, Tourism and Handicrafts says the ministry is pursuing the allocation of about $250,000 to compensate for the damages to Iran's tourism infrastructure.

Prolonged Shutdown in Iran May Leave 4 Million Jobless, Spokesman Warns

The spokesman for the Iranian administration Ali Rabiei has warned that a long-term shutdown of businesses amid the outbreak of coronavirus and the government’s non-intervention in the labor market policies could result in the unemployment of more than 4 million people in the country.

Tehran, Ankara Agree to Have Customs Working 24/7

Iran and Turkey have agreed on the 24-hour operation of their customs offices at the borders while observing the health protocols amid the outbreak of coronavirus.

Iran Hails Russia’s Green Corridor Initiative for Coronavirus Battle

Iran's Foreign Minister Mohammad Javad Zarif has welcomed a Russian proposal for the creation of a green corridor, in contrast to the sanctions, for the fight against the coronavirus pandemic.

What Iranian Businesses Must Do Before Resuming Their Operation

Iran’s National Headquarters to Fight Coronavirus has announced that low-risk businesses can restart their activities in coming days after registering on the website of the Ministry of Health and receiving a code.

COVID-19 Outbreak in Iran: Over 23m Families to Receive Financial Aid

Iranian President Hassan Rouhani has stepped up the administration’s response to the coronavirus outbreak by announcing plans to give more than 23 million households emergency financial aid.

$500m Allocated to Compensate for Losses of Iranian Transport Companies

Iran’s Minister of Roads and Civil Development says the government has allocated about $500 million to compensate for the losses the transportation companies that suffered damages from the Coronavirus outbreak.

Iranian MPs-Elect Vow to Work Towards Boosting Domestic Production

Representatives elected to the 11th Iranian Parliament have affirmed their commitment to laying the groundwork for boosting domestic production.

Over 100 Shipments of Goods Needed to Counter COVID-19 Cleared at Tehran Airport

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.

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