The Central Bank of Iran (CBI) has approved emergency funding worth nearly $5 billion to offer cheap loans to businesses hit by the new coronavirus pandemic.
Iran has started pumping natural gas from fourth rig at Phase 14 of South Pars in the Persian Gulf to bring production from the gas field to over 700 mcm per day.
Iranian authorities say they are taking delivery of two large shipments of respirator masks, otherwise known as N95 masks, amid a nationwide campaign to fight the spread of the new coronavirus in the country.
President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has called on European national and local chambers of commerce to ask their governments to defy Washington’s anti-Iran sanctions amid the outbreak of the novel coronavirus.
As the death toll from the new coronavirus pandemic crosses 850 in Iran, the government is spending an extra $250 million on imports of drugs and medical gear.
Iran’s trade balance has slipped into a deficit of $1.5 billion in the 11-month period ending late February as imports surge by more than two percent.
Foreign Minister Mohammad Javad Zarif censured the US for refusing to lift its sanctions against Iran as the country reports big jump in deaths due to coronavirus outbreak.
Iranian customs authorities have taken delivery of nearly 2,000 ventilators devices as the country scrambles for vital equipment needed to treat coronavirus patients.
Two loaded containers were transported successfully from India’s Mumbai to Iran’s Chabahar, which exited through Dogharoun Border crossing to Afghanistan under cover of TIR Carnets (TIR Convention) on Friday.
In a letter to G20 leaders, the International Chamber of Commerce (ICC) has expressed concerns about the growing impact of trade policy measures on the availability of medical supplies needed to respond to the pandemic.