Press TV

Iran opens 7 new hospitals, total bed capacity reaches 141,000

President Hassan Rouhani has inaugurated seven new hospitals across Iran, a sign investment has kept flowing into the country’s health sector despite financial costs imposed on the government because of the spread of the coronavirus.

Society Economy

IRISL reports $778 million in revenues despite US sanctions

The Islamic Republic of Iran Shipping Line Group (IRISL) says revenues of the company topped $778 million in the year ending June 21 despite a series of harsh US sanctions seeking to choke off the country’s trade.

Transportation

Coronavirus caused Iran’s quarter GDP to shrink by 0.6%: CBI

The Central Bank of Iran (CBI) says COVID-19, the disease caused by the coronavirus pandemic, was to blame for a 0.6-percent contraction in the country’s gross domestic product (GDP) without oil in the fiscal year quarter ending June 20.

Macro Economy

Rial regains as Iran’s CBI puts brakes on dollar

A new wave of devaluation for Iran’s rial seems to have come to an end as the Central Bank of Iran (CBI) resumes rationing the US dollar while it dismantles price restrictions in two government-run exchange markets.

Financial Markets

Iran Khodro reports 45% surge in output in six months

Iran’s largest car manufacturer the Iran Khodro Company (IKCO) says its output increased by 45 percent in nearly six months since the start of the current calendar year in March.

Mine and Industry

Iran taps National Development Fund to shore up stock market

The Iranian government says it will put aside one percent of the country’s sovereign wealth fund to stabilize the stock market which has fallen for consecutive sessions in recent weeks.

Macro Economy

Iran petrochemical output rises by 6% YoY

Iran has seen its output of petrochemical products increase on a yearly basis despite forecasts predicting that the sector would experience a major slump after the spread of the coronavirus in the country and in major export markets.

Mine and Industry

Iran’s IKCO develops panoramic sunroof for Peugeot 207

Iran’s largest car manufacturer the IKCO is launching a new version of its popular French model Peugeot 207 with a panoramic sunroof.

Mine and Industry

Iran says its e-commerce expanded over 200% during pandemic

Iranian government authorities say the spread of the coronavirus pandemic and restrictions imposed to contain the virus have caused a major boom in electronic commerce in the country. The sector had grown by 236 percent since the infection began to spread in Iran in late February.

Modern Enterprise

Iran’s Ministry of Energy signs contract for power purchase from biogas plant

Two departments from Iran’s Ministry of Energy have signed a contract for guaranteed purchase of electricity from the country’s largest biogas plant located south of the capital Tehran.

Energy