Economy

Coronavirus in Iran: Small Businesses to Be Compensated for Losses

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 Leader Names Persian New Year as Year of “Jump in Production”

Iran’s Islamic Revolution Leader has named the Persian New Year 1398 as the year of “A Jump in Production.”

Iran to Make up for Impact of Coronavirus on People’s Lives: VP

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 Dismisses Concerns about Shortage of Medical Supplies, Foodstuff

Iranian President Hassan Rouhani has assured people that all needs for medical and health products and foodstuff would be fully satisfied by the administration amid the outbreak of coronavirus, saying the cabinet has made major decisions to support the businesses and individuals affected by the disease.

Iran Gov’t Vows People’s Essential Needs Produced, Supplied with No Delay

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.

Iran’s VP Orders Aid to Female Breadwinners Affected by Coronavirus

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.

50 Firms Keen to Join Swiss Channel for Trade with Iran: Bern

A Swiss senior official has said that the financial channel between Switzerland and Iran has had a flying start as 50 companies have expressed keenness to trade through the so-called humanitarian channel.

Iran Discusses Trade with Turkey, Azerbaijan amid Corona Outbreak

Iran has conferred with the Azerbaijan Republic and Turkey on ways of promoting mutual trade cooperation amid the coronavirus outbreak.

Iran Says Europe’s INSTEX of No Use to Date

Iran’s Ambassador to Russia Kazem Jalali says Europe's special financial mechanism, which was supposed to facilitate trade with Iran in the face of US sanctions, have been of no use since its launch.

Iran Holds Meeting to Address Foreign Trade Woes Caused by COVID-19

The Ministry of Foreign Affairs of the Islamic Republic of Iran has held a meeting in Tehran to examine and resolve the problems in the course of trade exchange with the neighboring states.

Iranian Military Forces Join Hands to Contain COVID-19

While a novel coronavirus originating from China is taking toll on people around the world, the Iranian military forces have rushed to help the administration tackle the coronavirus epidemic in the country.

Iran Saves $7b Through Reliance on Domestic Firms

Chief of IRGC’s Khatam al-Anbiya Construction Headquarter Saeed Mohammad says in cooperation with domestic companies in recent years, Khatam al-Anbiya Construction Headquarter has saved $ 7 billion for the country.

Iran Offers Tax Exemptions for Non-Oil Exports

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 to Export Cancer Drugs to Thailand, Armenia

A knowledge-based Iranian company has produced an anti-cancer nano-medicine which is being exported to a number of foreign countries.

Iranian Entrepreneurs Render US Sanctions Futile: Araqchi

Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi has described the US sanctions against Iran as “useless and futile,” arguing that “relying upon our domestic capabilities our entrepreneurs will provide us with every product we need.”

Official Warns Companies Leaving Iran over US Sanctions

Iran’s Foreign Ministry Spokesman Seyyed Abbas Mousavi has warned companies that “give in” to the US pressures and leave the Iranian market, saying their return won’t be easy at all.

Iran Out of Recession Now: Economy Minister

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.

‘Oil-Free Economy to Increase Iran’s Export Capacities’

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.

Foreign Investment in Iran Increased by 50%: Minister

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.

US Lying that No Restrictions Put on Food, Drug Import: Iran

Iranian First Vice President Es’haq Jahangiri says the Americans are lying that they have put no restrictions on drugs and food import for the Islamic Republic.

Iran’s Trade Turnover Over $72bn in 10 Months

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 Exports to Eurasia Up by 75 Percent: Official

The Chief of Iran Trade Development Organization Hamid Zadboum says Iran’s exports to Eurasian countries have increased by 75 percent in value between March and November 2019. 

FM Zarif Addresses Indian Industrialists in Mumbai

Iran's Foreign Minister Mohammad Javad Zarif, along with the Industry and Mines Minister of Maharashtra State, attended a gathering of Indian industrialists in Mumbai.

FM Zarif Meets Iranian, Indian Entrepreneurs in Mumbai

Iranian Foreign Minister Mohammad Javad Zarif had a meeting with over 200 Iranian and Indian businesspeople, merchants, and entrepreneurs upon arrival in Mumbai.

Iran FM, Indian PM Discuss Business Cooperation

Iran's Foreign Minister Mohammad Javad Zarif has met with Indian Prime Minister Narendra Modi in New Delhi.

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