Iran Economy

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.

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.

Iran President Issues New Orders on Backing Businesses Hit by COVID-19

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 Details Plans to Prop Up Businesses Hit by 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 Has No Problem in Providing Forex for Basic Commodities: Rouhani 

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.

Gov’t Resolved to Assist Needy People Hurt by COVID-19: Iran VP

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.

Coronavirus Epidemic Imperils Iranian Newspapers

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.

Iran Approves IRR 1,000-Trillion Coronavirus Stimulus Package

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

COVID-19 in Iran: Which Shops Must Close, Which Must Remain Open?

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.

$5 Billion Set Aside for Businesses Affected by COVID-19: Iran President

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

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 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 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.

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 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.

Rise in Iran’s Sugar Output Saves $1 Billion in Expenses

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.

Latest news