Russia decries US obstruction of Iran’s IMF loan request

A senior Russian diplomat has slammed the US for obstructing a loan by the International Monetary Fund (IMF) to Iran and Syria to help them in their fight against the coronavirus pandemic.

Macro Economy

Iran, Iraqi Kurdistan reopen border for trade

Trucks lined up at the Iraqi Kurdistan and Iranian border as it partially reopened for trade on May 3, weeks after it was shut to curb the spread of the coronavirus.


Coronavirus: How startups in Iran respond to shutdowns, social distancing and work from home

While mutually shared responsibility have proved critical to help the public cope with the coronavirus pandemic, startup teams in Iran are responding to the crisis with a maximum degree of creativity by providing free services to the community.

Society Economy

Coronavirus to cut Iran petchem revenues by 30%: Report

The Iranian Parliament’s Research Center (IPRC) said in its Saturday report that petchem revenues would fall by at least 30 percent in the current calendar year which started in late March compared to the year before.


TIR, key trade facilitation tool during COVID-19: Guterres

UN secretary general has stressed the vital contribution of TIR and its digital solutions to global trade particularly in the time of coronavirus pandemic.


Demand for delivery services surge in Iran amid coronavirus crisis

For some $15 a day, deliverymen don masks and gloves in Iran’s capital to zip across its pandemic-subdued streets to drop off groceries and food for those sheltering at home from the virus.

Society Economy

EU regrets US refusal to allow IMF aid for Iran to fight coronavirus

The European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU’s top diplomat said on Wednesday.

Macro Economy

Iran asks for World Bank loan to boost coronavirus fight

Iran says it has applied for a $50 million loan from the World Bank to help its health sector cope with the new coronavirus pandemic.

Macro Economy

Iran sets up factory to make 2 million masks a day

Iran is launching the largest face mask plant in West Asia as authorities aim to exponentially increase production capacity for the protective gear in the time of a new coronavirus pandemic that has affected thousands of people in the country.

Mine and Industry

Iranian firm to produce eight million serological test kits per month

An Iranian biomedicine company has started mass production of serological test kits in the time of the new coronavirus pandemic.

Society Economy