coronavirus

Iran pushes for IMF $5 billion loan to fight coronavirus

President Hassan Rouhani has warned the International Monetary Fund (IMF) to consider Iran’s request for a $5-billion loan without “discrimination” after reports said the US was seeking to block the loan.

Macro Economy

Iran plans cash handouts to 23 million households

The Iranian government plans a one-off cash handout of 10 million rials (nearly $240 at official currency rate) to more than 23 million households in the country as part of efforts to help people cope with the economic impacts of the new coronavirus pandemic.

Society Economy

Iran’s government withdraws EUR 1 billion from national reserve to fight virus

Iran’s supreme leader on Monday approved withdrawal of EUR 1 billion from the country’s sovereign wealth fund to support a healthcare system overstretched by a major coronavirus outbreak.

Society Economy

European businesses fully support humanitarian assistance to Iran: Eurochambres president

President of the Association of European Chambers of Commerce and Industry (Eurochambres) says that the European businesses fully support past and current EU efforts to provide humanitarian assistance to Iran and will continue to do so.

Iran Chamber

Iran saffron prices collapse to lowest level in decades amid coronavirus outbreak

The price of the Iranian saffron has stumbled to historical lows of $400-500 per kilogram as the new coronavirus pandemic hits major customers in Europe.

Agriculture and Environment

Iranian trucks stranded in Europe, en route to home

Iran’s Roads Maintenance and Transport Organization has announced that 26 trucks and their Iranian drivers are en route to home after being stranded at the borders of Italy, Romania, Bulgaria and Turkey.

Transportation

Central Bank of Iran ready for liquidity injection to shore up economy

The Central Bank of Iran (CBI) says it is ready for massive liquidity injections into the banking system as part of efforts to help government shore up the economy.

Macro Economy

Iran Air suspends flights to Germany over coronavirus

Iran’s national flag carrier, Iran Air, has suspended all flights to German cities of Frankfurt, Hamburg and Koln as authorities are struggling to curb surging cases of a new coronavirus pandemic.

Transportation

Iran unveils its second coronavirus test kit

A week after the first Iranian coronavirus test kit was unveiled by a private firm, a biomedicine company affiliated with the Iranian Defense Ministry has provided another test kit which is able to determine the disease in three hours.

Society Economy

Coronavirus grounds 90 percent of Iranian flights

Iranian airlines have cancelled nearly 90 percent of their flights planned for a holiday season after the novel coronavirus pandemic caused many travelers to stay at home.

Transportation