The details of the coronavirus rescue package which has been provisioned to help low-income households and struggling businesses that have been affected by the economic consequences of the pandemic over the past two months.
Read More »Iran-Turkey Monthly Trade via Railway at 54k Tons
Iran and Turkey traded 54,000 tons of goods last month amid the coronavirus outbreak and railway transportation served as the only means for transfer of goods between them.
Read More »Iran Ups Exports to Qatar from Southern Provice by 37% in 1 Year
Iran has considerably increased its export from the Southern province of Bushehr despite the US sanctions imposed on the country, a senior official said.
Read More »Saudi Arabia Says Oil Cuts could Reach 19.5m Barrels
Oil output cuts by OPEC and its allies, together with pledges from other G20 nations and purchases by strategic reserves, could remove 19.5 million barrels per day from the market, the Saudi energy minister said. US President Donald Trump said Monday that the actual output cuts may be deeper than …
Read More »10 Iranian Products to Enjoy EAEU Tariff Removal
Head of the Iranian National Union of Agricultural Products Reza Nourani said the Eurasian Economic Union (EAEU) has removed tariff rates for the import of 10 Iranian products.
Read More »Leap in Production Key to Counter Coronavirus-Affected Economy
Lawmaker Hojjatoleslam Seyyed Mohammad Bagher Ebadi said that Leap in Production is the best way to counter economic plummet amid COVID-19 outbreak. The government should promote economic and political ties with Eurasian and neighboring countries, he said and added, There is a great capacity in the region and Iran should …
Read More »Iran Ups Exports from Northwestern Province by 68 Percent
Exports from East Azarbaijan Province in Northwestern Iran have considerably increased during last Iranian year (ended March 19, 2020), a provincial official said.
Read More »New OPEC+ Deal Could Mean Over 15 Million Barrels per Day in Cuts
Late last week, OPEC and non-cartel oil producers reached a new major agreement stipulating a collective reduction in oil output by around 10 million barrels per day effective 1 May. Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev told the broadcaster CNBC on Monday that the total oil production decrease …
Read More »Vice-President Admires Iran’s Economic Growth despite Pressures
Iran’s First Vice-President Eshaq Jahangiri said on Saturday that the Iranian economy grew last year despite all the pressures on the country.
Read More »CBI Governor Announces Banking Plans to Help People in Combat against Coronavirus
Governor of the Central Bank of Iran Abdolnasser Hemmati said the banking system has developed supportive plans to control the negative economic consequences of coronavirus especially for vulnerable strata.
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