Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.
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.
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.
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.
An Iranian official says the EU’s financial mechanism to facilitate trade with Iran known as INSTEX is not meeting the country's needs to confront the Coronavirus.
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.
Iranian government spokesman says the Islamic Republic is now capable of exporting its homegrown COVID-19 diagnosis kits, but at the moment all these kits are being used for domestic needs.
Iran’s President Hassan Rouhani says his administration has allocated about $10 billion to help people and to address the problems of troubled businesses in face of the coronavirus outbreak.
Europe seems to be using INSTEX as a tool to prevent the total collapse of the Iran nuclear deal and to maintain its independence against the US, but is that the whole story?
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.
The Basij force of the Islamic Revolution Guards Corps (IRGC) has unveiled the first mobile coronavirus testing machine capable of carry 200 test samples.
Iran’s Central Bank governor says it will strive to provide the foreign currency reserves required by the country in order to supply the required medications amid the coronavirus outbreak.
March 2020 has seen unprecedented changes in the price of oil, with a variety of factors from Coronavirus and the price war between Russia and OPEC+ knocking prices per barrel down, and subsequent US economic decisions working to temporarily bolster said prices again.
Iran’s Vice President for Science and Technology says with the help of knowledge-based companies, different types of mask production machines are being made in the country.
Iranian President Hassan Rouhani says some 750 trillion rials (around $5 billion) will be made available to businesses affected by the coronavirus outbreak.
A senior Iranian official says all national resources have been utilized to produce face masks, disinfectants and other medical equipment amid the coronavirus outbreak in the country.
